The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.
This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.
The project must benefit the community by meeting one or more of the objectives below:
Encourage the creation and retention of permanent jobs, particularly those that pay above median income
Encourage new private investment in the City of Burlington (City) in the form of private fixed asset investment, particularly in land, buildings which contribute to increasing assessed values, but also investments in furniture and fixtures and equipment
Perpetuate a positive and proactive business climate, which encourages the retention and expansion of existing businesses and helps to attract desirable new businesses
Maintain and promote a diverse mix of employment opportunities and to minimize seasonal or cyclical employment fluctuations
Implement the City of Burlington’s Redevelopment Plan goals and objectives
Encourage thriving retail areas by providing incentives to businesses to enhance or fill empty storefronts and vacant buildings
Note: The term of the loan depends upon the items being financed.
Burlington Matching Grant Program
GRANT REIMBURSES UP TO 50% OF ELIGIBLE COST, UP TO $10,000 PER APPLICANT
Burlington is home to many dynamic and growing businesses. To support these businesses, the City leadership has established a new matching grant program. Through funding from the City of Burlington, a Matching Grant Program (MGP) was established with the goal of providing a means for small and medium-sized for-profit and non-profit organizations to establish a new operation, expand an existing operation or construct or improve a facility for lease to business(es) located in the City of Burlington.
Burlington’s Matching Grant Program’s purpose is to create and retain of permanent jobs , leverage private investment , and perpetuate a positive and proactive business climate.
New business; or
Expand an existing business
Located in the City of Burlington
Current with all financial obligations
eligible uses of funds
Land and building purchase
Construction and renovation
Site preparation, demolition and remediation
Leasehold improvements
Equipment, furniture and fixtures
Professional fees
Working capital
Other purposes as deemed eligible by the City of Burlington
Burlington is enriched by those that want to enhance Burlington’s arts and culture, community development, environment, beautification and more. Non-profit organization serve Burlington through one of the following programs:
Arts & Culture
Community Development
Education
Environment
Safety
eligible uses of funds
Address a community wide opportunity
Demonstrate ability to sustain significant and long-term impact
Possess well-defined objectives and measurable outcomes
Include financial commitments from funding other organizations
Illustrate plans for long-term sustainability
Other purposes as deemed eligible by the City of Burlington
Fees
1.5% Processing Fee
Legal fees
Out-of-pocket Closing Costs
Note: The term of the loan depends upon the items being financed.