Vermont finance Intel

It’s likely that most consumers are generally aware that there has been tremendous consolidation in the U.S. financial services marketplace during the past decade and beyond. According to data from the Federal Deposit Insurance Corporation (FDIC), the number of commercial banks and savings institutions dropped from 8,680 in 2006 to 5,670 by the end of 2017, which calculates to an average loss through mergers and acquisitions ofapproximately 274 for-profit financial institutions EVERY YEARfor mo.

VEDA's Vermont Small Business Loan Program aims to help growing small businesses that struggle to find adequate financing options.