SBA lending by state
SBA Lending in Vermont
In Vermont, SBA lenders funded 3,709 7(a) and 504 loans since FY2010, totaling $827.1M, an average of $223K per loan. The most active lender is Community National Bank, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Vermont
Ranked by SBA loans funded in Vermont since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Vermont loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Vermont shows “not reported,” never 0%.
See the full Vermont ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Community National Bank | 425 | $80.6M | $190K | 2.12% |
| 2 | Manufacturers and Traders Trust Company | 408 | $75.8M | $186K | 2.45% |
| 3 | TD Bank, National Association | 307 | $43.6M | $142K | 2.61% |
| 4 | Granite State Economic Development Corporation | 281 | $145.0M | $516K | not reported |
| 5 | Beacon Bank and Trust | 206 | $30.6M | $148K | 3.88% |
| 6 | North Country Federal Credit Union | 183 | $12.0M | $65K | 1.09% |
| 7 | Union Bank | 170 | $21.5M | $127K | 1.18% |
| 8 | EastRise Federal Credit Union | 136 | $11.1M | $82K | 2.21% |
| 9 | Peoples Trust Company of St. Albans | 128 | $12.5M | $98K | 3.91% |
| 10 | Green Mountain CU | 127 | $11.2M | $88K | 3.15% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Vermont
An SBA 504 project in Vermont pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Vermont, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Granite State Economic Development Corporation | 281 | $145.0M |
| Vermont 504 Corporation | 25 | $18.2M |
| Bay Colony Development Corporation | 17 | $19.8M |
| New England Certified Development Corporation | 11 | $10.5M |
| Capital Regional Development Council | 1 | $718K |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Vermont
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 498 | $152.4M |
| Retail Trade | 593 | $151.9M |
| Manufacturing | 496 | $117.8M |
| Health Care and Social Assistance | 249 | $71.2M |
| Construction | 432 | $57.9M |
| Professional and Technical Services | 235 | $52.9M |
| Other Services | 273 | $44.0M |
| Wholesale Trade | 124 | $41.7M |
Top cities for SBA loans in Vermont
Where SBA 7(a) and 504 borrowers in Vermont are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Williston | 147 | $60.4M |
| Burlington | 269 | $57.6M |
| South Burlington | 176 | $49.8M |
| Rutland | 119 | $29.3M |
| Shelburne | 57 | $27.9M |
| Stowe | 76 | $23.7M |
| Woodstock | 40 | $22.1M |
| Essex Junction | 118 | $21.5M |
SBA lending by metro area in Vermont
Which lenders fund each Vermont market, with local loan sizes and industries.
- SBA lenders in Burlington, VT 1,383 loans
- SBA lenders in Lebanon, NH 1,210 loans
- SBA lenders in Barre, VT 376 loans
- SBA lenders in Rutland, VT 315 loans
- SBA lenders in Brattleboro, VT 209 loans
- SBA lenders in Bennington, VT 230 loans
SBA lending in Vermont by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 313 | $68.5M |
| 2011 | 308 | $59.8M |
| 2012 | 236 | $45.8M |
| 2013 | 183 | $32.2M |
| 2014 | 209 | $33.0M |
| 2015 | 291 | $52.8M |
| 2016 | 291 | $55.8M |
| 2017 | 235 | $39.8M |
| 2018 | 229 | $44.4M |
| 2019 | 222 | $38.2M |
| 2020 | 196 | $35.5M |
| 2021 | 194 | $73.1M |
| 2022 | 159 | $52.1M |
| 2023 | 164 | $46.8M |
| 2024 | 174 | $48.2M |
| 2025 | 229 | $82.7M |
| 2026 | 76 | $18.5M |
SBA lending in Vermont: frequently asked questions
How much SBA lending is there in Vermont?
SBA lenders funded 3,709 7(a) and 504 loans totaling $827.1M in Vermont in the public SBA data (as of 2026-03-31), an average of $223K per loan.
Who is the most active SBA lender in Vermont?
Community National Bank is the most active SBA lender in Vermont in the public data, by loans funded.
What industries get the most SBA loans in Vermont?
The most-funded industry for SBA loans in Vermont is Accommodation and Food Services.
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