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County10th of 14 in Vermont by approvalsFIPS 50005
SBA loans in Caledonia 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 Caledonia County, Vermont, received 40 SBA loan approvals worth $7.3M in FY2021 to FY2025 (31 7(a), 9 504).
That is 43.8 approvals per 1,000 business establishments (913 establishments in 2023), close to the Vermont figure of 44.0 and close to the national 41.0.
It ranks 10th of 14 Vermont counties with approvals. In FY2025 there were 13.
11 lenders had approvals here; the most active were Granite State Economic Development Corporation (9), North Country Federal Credit Union (6) and Community National Bank (5). The most common industry was services to buildings and dwellings.
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 Caledonia County
By number of approvals to businesses in the county, FY2021–FY2025; 11 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 9 | $2.8M | 22.5% | |
| 2 | North Country Federal Credit UnionSouth Burlington, VT | 6 | $337K | 15.0% | |
| 3 | Community National BankDerby, VT | 5 | $345K | 12.5% | |
| 4 | Bar Harbor Bank & TrustBar Harbor, ME | 4 | $551K | 10.0% | |
| 5 | Northeast BankLewiston, ME | 4 | $400K | 10.0% | |
| 6 | Passumpsic Savings BankSaint Johnsbury, VT | 4 | $358K | 10.0% | |
| 7 | Union BankMorrisville, VT | 3 | $162K | 7.5% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 2 | — | 5.0% | |
| 9 | Vermont 504 CorporationMontpelier, VT | 1 | — | 2.5% | |
| 10 | Vermont FCUBurlington, VT | 1 | — | 2.5% | |
| 11 | TD Bank, National AssociationWilmington, DE | 1 | — | 2.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 6 | 15.0% | |
| 2 | General Freight TruckingNAICS 4841 | 4 | 10.0% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 7.5% | |
| 4 | Other Personal ServicesNAICS 8129 | 3 | 7.5% | |
| 5 | Offices of DentistsNAICS 6212 | 2 | 5.0% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 2 | 5.0% | |
| 7 | Bakeries and Tortilla ManufacturingNAICS 3118 | 2 | 5.0% | |
| 8 | Seafood Product Preparation and PackagingNAICS 3117 | 2 | 5.0% | |
| 9 | Other Crop FarmingNAICS 1119 | 2 | 5.0% | |
| 10 | Nonmetallic Mineral Mining and QuarryingNAICS 2123 | 1 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 6 | 15.0% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 6 | 15.0% | |
| 3 | Transportation and Warehousing | 5 | 12.5% | |
| 4 | Manufacturing | 5 | 12.5% | |
| 5 | Professional, Scientific, and Technical Services | 4 | 10.0% | |
| 6 | Health Care and Social Assistance | 2 | 5.0% | |
| 7 | Accommodation and Food Services | 2 | 5.0% | |
| 8 | Construction | 2 | 5.0% |
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* | 4 | $240K | $55K | 1 | — | 5 | 12 |
| FY2025 | 9 | $989K | $112K | 4 | $1.4M | 13 | 180 |
| FY2024 | 6 | $2.3M | $110K | 1 | — | 7 | 86 |
| FY2023 | 5 | $624K | $55K | 1 | — | 6 | 38 |
| FY2022 | 4 | $97K | $28K | 1 | — | 5 | 13 |
| FY2021 | 7 | $475K | $32K | 2 | — | 9 | 47 |
| FY2020 | 9 | $574K | $34K | 1 | — | 10 | 43 |
| FY2019 | 11 | $617K | $50K | 1 | — | 12 | 48 |
| FY2018 | 11 | $958K | $60K | 2 | — | 13 | 74 |
| FY2017 | 17 | $4.2M | $57K | 2 | — | 19 | 137 |
| FY2016 | 15 | $3.5M | $66K | 3 | $409K | 18 | 134 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 72 approvals.
Against Vermont and the country
| FY2021–FY2025 | Caledonia County | Vermont | United States |
|---|---|---|---|
| Approvals | 40 | 918 | 342,825 |
| Approvals per 1,000 establishments | 43.8 | 44.0 | 41.0 |
| Median 7(a) approval | $52K | $75K | $190K |
| Median 504 approval | $260K | $397K | $657K |
| Average approval | $182K | $330K | $573K |
| 504 share of approvals | 22.5% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 9.1 | 7.6 | 10.5 |
| Share of state approvals | 4.4% | 100.0% | — |
Approval sizes
- $50,000 or less37.5%15
- $50,001 to $150,00027.5%11
- $150,001 to $350,00017.5%7
- $350,001 to $1 million15.0%6
- $1 million to $2 million2.5%1
Age of the businesses
- Existing, more than 2 years old52.5%21
- New business, 2 years or less12.5%5
- Startup, loan funds will open the business27.5%11
- Change of ownership7.5%3
Questions and answers
Which lenders make the most SBA loans in Caledonia County?
By approvals in FY2021 to FY2025: Granite State Economic Development Corporation (9), North Country Federal Credit Union (6), Community National Bank (5), Bar Harbor Bank & Trust (4), Northeast Bank (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Caledonia County?
The median 7(a) approval was $52K and the median 504 approval $260K; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Caledonia County?
Services to Buildings and Dwellings (6); General Freight Trucking (4); Automotive Repair and Maintenance (3); Other Personal Services (3); Offices of Dentists (2).
Is SBA lending in Caledonia County rising?
Approvals in the three latest complete fiscal years total 26, against 24 in the three before: broadly level (+8%).
How does Caledonia County compare with the rest of Vermont?
43.8 approvals per 1,000 establishments against 44.0 statewide, and 40 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