SBA data · Vermont
SBA lending in Vermont
3,757 loans worth $844.8M have been approved for Vermont projects since FY2010 - the #52 state by SBA dollars, 0.2% of the national total.
State rank
#52
by dollars approved
Approved
$844.8M
FY2010 onward
Loans
3,757
Median loan
$79,300
-56% vs national
Median 7(a) rate
6.00%
Jobs supported
30,599
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Vermont
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in VT | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development Corporation | $145.7M | 284 | $513,014 | |
| 2 | Community National Bank | $82.3M | 432 | $190,528 | |
| 3 | Manufacturers and Traders Trust Company | $76.2M | 419 | $181,830 | |
| 4 | TD Bank | $43.8M | 316 | $138,747 | |
| 5 | Beacon Bank and Trust | $39.2M | 209 | $187,715 | |
| 6 | Live Oak Banking Company | $35.1M | 34 | $1,031,485 | |
| 7 | Vermont 504 Corporation | $27.9M | 101 | $276,246 | |
| 8 | KeyBank | $25.0M | 103 | $242,961 | |
| 9 | Union Bank | $21.5M | 170 | $126,508 | |
| 10 | Bar Harbor Bank & Trust | $19.9M | 124 | $160,454 | |
| 11 | Bay Colony Development Corporation | $19.8M | 17 | $1,165,765 | |
| 12 | Ledyard National Bank | $14.2M | 25 | $566,768 |
By sector in Vermont
- Restaurants & Hotels501 · $152.7M
- Retail361 · $107.2M
- Manufacturing295 · $75.1M
- Health Care250 · $71.2M
- Construction440 · $57.0M
- Professional Services238 · $53.4M
- Wholesale128 · $51.6M
- Other Services274 · $48.1M
- Real Estate109 · $29.9M
- Administrative & Waste199 · $20.5M
- Transportation161 · $17.0M
- Arts & Recreation93 · $11.0M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Vermont. The final bar is a partial fiscal year.
Loan sizes in Vermont
- Under $50K31%
- $50K - $150K36%
- $150K - $350K18%
- $350K - $1M10%
- $1M - $2M3%
- Over $2M2%
SBA lending in Vermont: common questions
- How many SBA loans are approved in Vermont?
- 3,757 SBA 7(a) and 504 loans totalling $844,792,600 have been approved for projects in Vermont since fiscal year 2010, ranking it #52 among states and territories by dollars approved - 0.2% of all SBA lending nationally.
- Which lenders make the most SBA loans in Vermont?
- By dollars approved in Vermont, the most active lenders are Granite State Economic Development Corporation, Community National Bank, Manufacturers and Traders Trust Company, TD Bank, Beacon Bank and Trust. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Vermont?
- The median gross approval in Vermont is $79,300, 56% below the national median of $180,000. Half of all loans in the state fall between $20,000 and $500,000.
- Do I need to use a lender based in Vermont?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Vermont, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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