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County12th of 14 in Vermont by approvalsFIPS 50001
SBA loans in Addison County, Vermont
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Addison County, Vermont, received 33 SBA loan approvals worth $13.6M in FY2021 to FY2025 (30 7(a), 3 504).
That is 28.5 approvals per 1,000 business establishments (1,158 establishments in 2023), below the Vermont figure of 44.0 and below the national 41.0.
It ranks 12th of 14 Vermont counties with approvals. In FY2025 there were 10.
17 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (5), National Bank of Middlebury (4) and Northeast Bank (3). The most common industry was residential building construction.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Addison County
By number of approvals to businesses in the county, FY2021–FY2025; 17 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 5 | $380K | 15.2% | |
| 2 | National Bank of MiddleburyMiddlebury, VT | 4 | $1.1M | 12.1% | |
| 3 | Northeast BankLewiston, ME | 3 | $570K | 9.1% | |
| 4 | Heritage Family FCURutland, VT | 3 | $135K | 9.1% | |
| 5 | New England Certified Development CorporationWakefield, MA · CDC | 2 | — | 6.1% | |
| 6 | Vermont FCUBurlington, VT | 2 | — | 6.1% | |
| 7 | Mascoma BankLebanon, NH | 2 | — | 6.1% | |
| 8 | Vermont 504 CorporationMontpelier, VT | 2 | — | 6.1% | |
| 9 | TD Bank, National AssociationWilmington, DE | 2 | — | 6.1% | |
| 10 | Ledyard National BankNorwich, VT | 1 | — | 3.0% | |
| 11 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 1 | — | 3.0% | |
| 12 | BayFirst National BankSaint Petersburg, FL | 1 | — | 3.0% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 3.0% | |
| 14 | Green Mountain CUSouth Burlington, VT | 1 | — | 3.0% | |
| 15 | EastRise Federal Credit UnionWilliston, VT | 1 | — | 3.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 4 | 12.1% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 12.1% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 3 | 9.1% | |
| 4 | Beverage ManufacturingNAICS 3121 | 2 | 6.1% | |
| 5 | Bakeries and Tortilla ManufacturingNAICS 3118 | 2 | 6.1% | |
| 6 | Building Finishing ContractorsNAICS 2383 | 2 | 6.1% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 1 | 3.0% | |
| 8 | Traveler AccommodationNAICS 7211 | 1 | 3.0% | |
| 9 | Other Food ManufacturingNAICS 3119 | 1 | 3.0% | |
| 10 | Building Material and Supplies DealersNAICS 4441 | 1 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 14 | 42.4% | |
| 2 | Manufacturing | 5 | 15.2% | |
| 3 | Retail Trade | 5 | 15.2% | |
| 4 | Accommodation and Food Services | 2 | 6.1% | |
| 5 | Agriculture, Forestry, Fishing and Hunting | 2 | 6.1% | |
| 6 | Professional, Scientific, and Technical Services | 2 | 6.1% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 1 | 3.0% | |
| 8 | Health Care and Social Assistance | 1 | 3.0% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 3 | $389K | $50K | 1 | — | 4 | 19 |
| FY2025 | 10 | $1.1M | $85K | 0 | — | 10 | 33 |
| FY2024 | 2 | — | — | 0 | — | 2 | 0 |
| FY2023 | 3 | $4.4M | $250K | 0 | — | 3 | 42 |
| FY2022 | 3 | $168K | $68K | 0 | — | 3 | 12 |
| FY2021 | 12 | $1.8M | $96K | 3 | $5.8M | 15 | 146 |
| FY2020 | 9 | $1.4M | $60K | 1 | — | 10 | 53 |
| FY2019 | 15 | $1.8M | $100K | 0 | — | 15 | 46 |
| FY2018 | 11 | $1.6M | $100K | 0 | — | 11 | 113 |
| FY2017 | 10 | $1.6M | $55K | 0 | — | 10 | 82 |
| FY2016 | 11 | $790K | $60K | 1 | — | 12 | 46 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 58 approvals.
Against Vermont and the country
| FY2021–FY2025 | Addison County | Vermont | United States |
|---|---|---|---|
| Approvals | 33 | 918 | 342,825 |
| Approvals per 1,000 establishments | 28.5 | 44.0 | 41.0 |
| Median 7(a) approval | $84K | $75K | $190K |
| Median 504 approval | $2.0M | $397K | $657K |
| Average approval | $411K | $330K | $573K |
| 504 share of approvals | 9.1% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 7.1 | 7.6 | 10.5 |
| Share of state approvals | 3.6% | 100.0% | — |
Approval sizes
- $50,000 or less30.3%10
- $50,001 to $150,00030.3%10
- $150,001 to $350,00024.2%8
- $350,001 to $1 million6.1%2
- Over $2 million9.1%3
Age of the businesses
- Existing, more than 2 years old60.6%20
- New business, 2 years or less18.2%6
- Startup, loan funds will open the business18.2%6
- Change of ownership3.0%1
Questions and answers
Which lenders make the most SBA loans in Addison County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (5), National Bank of Middlebury (4), Northeast Bank (3), Heritage Family FCU (3), New England Certified Development Corporation (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Addison County?
The median 7(a) approval was $84K and the median 504 approval $2.0M; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Addison County?
Residential Building Construction (4); Other Specialty Trade Contractors (4); Building Equipment Contractors (3); Beverage Manufacturing (2); Bakeries and Tortilla Manufacturing (2).
Is SBA lending in Addison County rising?
Approvals in the three latest complete fiscal years total 15, against 28 in the three before: falling (-46%).
How does Addison County compare with the rest of Vermont?
28.5 approvals per 1,000 establishments against 44.0 statewide, and 33 of the state's 918 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error