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County7th of 14 in Vermont by approvalsFIPS 50003
SBA loans in Bennington 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 Bennington County, Vermont, received 50 SBA loan approvals worth $16.7M in FY2021 to FY2025 (47 7(a), 3 504).
That is 39.7 approvals per 1,000 business establishments (1,258 establishments in 2023), close to the Vermont figure of 44.0 and close to the national 41.0.
It ranks 7th of 14 Vermont counties with approvals. In FY2025 there were 12, up 20% on FY2024.
15 lenders had approvals here; the most active were The Bank of Bennington (13), Heritage Family FCU (9) and TD Bank, National Association (8). The most common industry was traveler accommodation.
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 Bennington County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Bank of BenningtonBennington, VT | 13 | $997K | 26.0% | |
| 2 | Heritage Family FCURutland, VT | 9 | $1.1M | 18.0% | |
| 3 | TD Bank, National AssociationWilmington, DE | 8 | $1.9M | 16.0% | |
| 4 | Manufacturers and Traders Trust CompanyBuffalo, NY | 5 | $955K | 10.0% | |
| 5 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 2 | — | 4.0% | |
| 6 | Beacon Bank and TrustBrookline, MA | 2 | — | 4.0% | |
| 7 | Citizens Bank, National AssociationProvidence, RI | 2 | — | 4.0% | |
| 8 | Community National BankDerby, VT | 2 | — | 4.0% | |
| 9 | Bank Five NineOconomowoc, WI | 1 | — | 2.0% | |
| 10 | Bay Colony Development CorporationWaltham, MA · CDC | 1 | — | 2.0% | |
| 11 | Mission Valley BankSun Valley, CA | 1 | — | 2.0% | |
| 12 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.0% | |
| 13 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.0% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 1 | — | 2.0% | |
| 15 | Vermont 504 CorporationMontpelier, VT | 1 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 7 | 14.0% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 12.0% | |
| 3 | Grocery StoresNAICS 4451 | 3 | 6.0% | |
| 4 | Personal Care ServicesNAICS 8121 | 3 | 6.0% | |
| 5 | Electric Power Generation, Transmission and DistributionNAICS 2211 | 2 | 4.0% | |
| 6 | Dairy Product ManufacturingNAICS 3115 | 2 | 4.0% | |
| 7 | Fiber, Yarn, and Thread MillsNAICS 3131 | 2 | 4.0% | |
| 8 | Offices of PhysiciansNAICS 6211 | 2 | 4.0% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 2 | 4.0% | |
| 10 | Death Care ServicesNAICS 8122 | 1 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 14 | 28.0% | |
| 2 | Manufacturing | 8 | 16.0% | |
| 3 | Retail Trade | 7 | 14.0% | |
| 4 | Other Services (except Public Administration) | 6 | 12.0% | |
| 5 | Health Care and Social Assistance | 6 | 12.0% | |
| 6 | Utilities | 2 | 4.0% | |
| 7 | Construction | 2 | 4.0% | |
| 8 | Real Estate and Rental and Leasing | 2 | 4.0% |
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* | 5 | $219K | $25K | 1 | — | 6 | 22 |
| FY2025 | 11 | $2.9M | $149K | 1 | — | 12 | 29 |
| FY2024 | 10 | $2.7M | $200K | 0 | — | 10 | 195 |
| FY2023 | 9 | $715K | $75K | 0 | — | 9 | 48 |
| FY2022 | 9 | $3.8M | $75K | 1 | — | 10 | 107 |
| FY2021 | 8 | $3.0M | $63K | 1 | — | 9 | 76 |
| FY2020 | 6 | $1.1M | $43K | 0 | — | 6 | 21 |
| FY2019 | 9 | $3.0M | $75K | 0 | — | 9 | 53 |
| FY2018 | 12 | $1.6M | $66K | 2 | — | 14 | 69 |
| FY2017 | 18 | $3.6M | $80K | 0 | — | 18 | 60 |
| FY2016 | 32 | $3.7M | $56K | 1 | — | 33 | 411 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 80 approvals.
Against Vermont and the country
| FY2021–FY2025 | Bennington County | Vermont | United States |
|---|---|---|---|
| Approvals | 50 | 918 | 342,825 |
| Approvals per 1,000 establishments | 39.7 | 44.0 | 41.0 |
| Median 7(a) approval | $95K | $75K | $190K |
| Median 504 approval | $1.5M | $397K | $657K |
| Average approval | $334K | $330K | $573K |
| 504 share of approvals | 6.0% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 9.1 | 7.6 | 10.5 |
| Share of state approvals | 5.4% | 100.0% | — |
Approval sizes
- $50,000 or less32.0%16
- $50,001 to $150,00028.0%14
- $150,001 to $350,00018.0%9
- $350,001 to $1 million6.0%3
- $1 million to $2 million16.0%8
Age of the businesses
- Existing, more than 2 years old36.0%18
- New business, 2 years or less14.0%7
- Startup, loan funds will open the business34.0%17
- Change of ownership16.0%8
Questions and answers
Which lenders make the most SBA loans in Bennington County?
By approvals in FY2021 to FY2025: The Bank of Bennington (13), Heritage Family FCU (9), TD Bank, National Association (8), Manufacturers and Traders Trust Company (5), Granite State Economic Development Corporation (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Bennington County?
The median 7(a) approval was $95K and the median 504 approval $1.5M; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Bennington County?
Traveler Accommodation (7); Restaurants and Other Eating Places (6); Grocery Stores (3); Personal Care Services (3); Electric Power Generation, Transmission and Distribution (2).
Is SBA lending in Bennington County rising?
Approvals in the three latest complete fiscal years total 31, against 25 in the three before: rising (+24%).
How does Bennington County compare with the rest of Vermont?
39.7 approvals per 1,000 establishments against 44.0 statewide, and 50 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