851 SBA loans worth $266.1M went to Vermont businesses between October 2021 and June 2026, from 70 lenders. TD Bank made the most 7(a) loans, 133 or 17% of the state's total, and the ten most active lenders made 72%. The median 7(a) loan was $70,000, below the national median of $158,000. Construction was the most financed industry, at 14% of loans. Annual loan count rose 39% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 133 | $18.1M | $39,000 | 41% | Construction |
| 2 | Community National Bank Bank · Derby, VT | 106 | $20.5M | $71,250 | 44% | Manufacturing |
| 3 | Manufacturers and Traders Trust Bank · Buffalo, NY | 103 | $7.3M | $33,400 | 27% | Construction |
| 4 | Heritage Family FCU Credit union · Rutland, VT | 52 | $5.7M | $80,000 | 63% | Restaurants and hotels |
| 5 | EastRise Federal Credit Union Credit union · Williston, VT | 46 | $3.4M | $46,700 | 65% | Manufacturing |
| 6 | KeyBank Bank · Cleveland, OH | 26 | $4.2M | $50,000 | 69% | Construction |
| 7 | Northeast Bank Bank · Portland, ME | 25 | $2.8M | $70,000 | 12% | Administrative and support services |
| 8 | Peoples Trust Company of St. Albans Bank · St. Albans, VT | 22 | $2.3M | $62,500 | 36% | Manufacturing |
| 9 | North Country Federal Credit Union Credit union · South Burlington, VT | 22 | $1.3M | $45,000 | 82% | Transportation and warehousing |
| 10 | Vermont FCU Credit union · Burlington, VT | 18 | $1.9M | $69,000 | 33% | Retail |
| 11 | Live Oak Banking Bank · Wilmington, NC | 15 | $13.3M | $350,000 | 13% | Retail |
| 12 | Huntington National Bank Bank · Columbus, OH | 15 | $7.6M | $250,000 | 20% | Retail |
| 13 | Bar Harbor Bank & Trust Bank · Bar Harbor, ME | 15 | $2.1M | $100,000 | 40% | Retail |
| 14 | Union Bank Bank · Morrisville, VT | 15 | $1.3M | $56,000 | 27% | Construction |
| 15 | Beacon Bank and Trust Bank · Boston, MA | 12 | $19.9M | $1,116,500 | 33% | Wholesale trade |
| 16 | Vermont 504 Non-bank lender · Montpelier, VT | 12 | $1.7M | $132,500 | 50% | Health care and social assistance |
| 17 | Newtek Bank Bank · Miami, FL | 10 | $8.4M | $325,000 | 10% | Health care and social assistance |
| 18 | BayFirst National Bank Bank · St. Petersburg, FL | 9 | $972K | $108,000 | 0% | Construction |
| 19 | Bank of Bennington Bank · Bennington, VT | 8 | $777K | $48,500 | 62% | Other services (repair, personal care) |
| 20 | Mascoma Bank Bank · Lebanon, NH | 7 | $1.2M | $100,000 | 29% | Restaurants and hotels |
| 21 | Vermont Community Loan Fund Non-bank lender · Montpelier, VT | 7 | $724K | $75,000 | 71% | Health care and social assistance |
| 22 | NBT Bank Bank · Norwich, NY | 6 | $7.7M | $498,000 | 17% | Retail |
| 23 | Celtic Bank Bank · Salt Lake City, UT | 6 | $4.0M | $150,000 | 33% | Restaurants and hotels |
| 24 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 6 | $1.4M | $172,500 | 0% | Administrative and support services |
| 25 | Green Mountain CU Credit union · South Burlington, VT | 6 | $625K | $60,500 | 50% | Administrative and support services |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Granite State Economic Development Portsmouth, NH | 71 | $50.6M | $358,000 |
| 2 | Bay Colony Development Waltham, MA | 3 | $8.8M | $3,653,000 |
| 3 | New England Certified Development Wakefield, MA | 3 | $1.6M | $527,000 |
| 4 | Capital Regional Development Council Concord, NH | 1 | $718K | $718,000 |
| 5 | Vermont 504 Montpelier, VT | 1 | $222K | $222,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 122 | $50,000 | TD Bank | |
| Restaurants and hotels | 112 | $150,000 | Granite State Economic Development | |
| Retail | 111 | $90,000 | Community National Bank | |
| Manufacturing | 94 | $97,500 | Community National Bank | |
| Administrative and support services | 72 | $50,000 | TD Bank | |
| Health care and social assistance | 62 | $112,000 | Granite State Economic Development | |
| Professional and technical services | 60 | $92,450 | TD Bank | |
| Other services (repair, personal care) | 59 | $46,700 | TD Bank | |
| Transportation and warehousing | 38 | $42,050 | North Country Federal Credit Union | |
| Wholesale trade | 27 | $105,000 | Community National Bank | |
| Real estate and rental | 27 | $180,000 | Granite State Economic Development | |
| Arts, entertainment and recreation | 26 | $62,500 | Manufacturers and Traders Trust |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Burlington | 52 | $20.0M | $150,000 | Community National Bank |
| South Burlington | 39 | $18.6M | $218,000 | Granite State Economic Development |
| Essex Junction | 37 | $6.0M | $75,000 | TD Bank |
| Rutland | 36 | $16.0M | $60,000 | Heritage Family FCU |
| Williston | 32 | $18.8M | $200,000 | TD Bank |
| Brattleboro | 28 | $9.7M | $127,000 | Manufacturers and Traders Trust |
| St. Albans | 27 | $2.3M | $50,000 | Manufacturers and Traders Trust |
| Montpelier | 24 | $3.8M | $50,000 | Community National Bank |
| Barre | 22 | $5.4M | $100,000 | Community National Bank |
| Bennington | 19 | $8.4M | $95,000 | Heritage Family FCU |
| St. Johnsbury | 16 | $4.5M | $174,500 | Granite State Economic Development |
| Shelburne | 15 | $7.1M | $75,000 | TD Bank |
| Manchester Center | 15 | $3.3M | $200,000 | Bank of Bennington |
| Morrisville | 14 | $4.8M | $50,000 | Community National Bank |
| Stowe | 13 | $7.2M | $120,000 | TD Bank |
7 Vermont cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.