Invoicing Change to Pooled Loan Program

The Vermont Bond Bank is undertaking a new invoicing system for its Pooled Loan Program. Historically, borrowers received invoices from US Bank on behalf of the Bond Bank. 

These loans are part of the Bond Bank’s largest loan program that has traditionally had a winter and summer pool. Related loans may be identified through our loan database.

Starting with the November 1, 2025 invoicing cycle, invoices will be sent and payments will be received by the Vermont Bond Bank. 

The following is an FAQ on the related changes and background.

Why is the Bond Bank making this change?

You! This change will give the Bond Bank better transparency into the date and form that payments are received, while also providing more flexible payment options for borrowers. 

How will this impact my invoice?

Invoices will now be sent by the Bond Bank from the email account finance@vtbondbank.org and will be mailed as well. 

All payment instructions will change! Please read the invoice carefully as the prior information is no longer correct. The invoice will also identify new payment options via ACH, wire, and with Bond Bank permission only, check. 

What if I didn’t receive an invoice?

Please contact finance@vtbondbank.org after September 22, 2025 for a copy. 

Can you provide a W9?

Please reach out to finance@vtbondbank.org for a copy.

What are payment terms?

Payments must be received prior to or on the semi-annual payment dates of May 1 and November 1. Note that payment is due with or without an invoice under the terms of the Loan Agreement. 

Will this change how my organization requisitions loan proceeds?

No. US Bank continues to serve as the disbursement agent for loan proceeds. 

The accounts payable contact has changed. How do I ensure this gets updated?

Please use our contact update form to submit updated information.  

I have another question not covered. Can you help?

Of course! Email finance@vtbondbank.org for further assistance.