States › Vermont › Chittenden County
County1st of 14 in Vermont by approvalsFIPS 50007
SBA loans in Chittenden 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 Chittenden County, Vermont, received 273 SBA loan approvals worth $108M in FY2021 to FY2025 (241 7(a), 32 504).
That is 48.2 approvals per 1,000 business establishments (5,665 establishments in 2023), close to the Vermont figure of 44.0 and above the national 41.0.
It ranks 1st of 14 Vermont counties with approvals. In FY2025 there were 64, up 10% on FY2024.
44 lenders had approvals here; the most active were TD Bank, National Association (43), Manufacturers and Traders Trust Company (31) and Granite State Economic Development Corporation (29). The most common industry was restaurants and other eating places.
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 Chittenden County
By number of approvals to businesses in the county, FY2021–FY2025; 44 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 43 | $11.2M | 15.8% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 31 | $3.4M | 11.4% | |
| 3 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 29 | $19.3M | 10.6% | |
| 4 | Community National BankDerby, VT | 26 | $7.4M | 9.5% | |
| 5 | Vermont FCUBurlington, VT | 19 | $2.0M | 7.0% | |
| 6 | EastRise Federal Credit UnionWilliston, VT | 13 | $954K | 4.8% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 12 | $10.6M | 4.4% | |
| 8 | KeyBank National AssociationCleveland, OH | 12 | $4.3M | 4.4% | |
| 9 | Union BankMorrisville, VT | 8 | $774K | 2.9% | |
| 10 | North Country Federal Credit UnionSouth Burlington, VT | 7 | $521K | 2.6% | |
| 11 | United Midwest Savings Bank National AssociationDe Graff, OH | 5 | $4.3M | 1.8% | |
| 12 | Mascoma BankLebanon, NH | 5 | $1.0M | 1.8% | |
| 13 | Vermont 504 CorporationMontpelier, VT | 5 | $960K | 1.8% | |
| 14 | Northeast BankLewiston, ME | 5 | $380K | 1.8% | |
| 15 | NBT Bank, National AssociationNorwich, NY | 4 | $3.3M | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 21 | 7.7% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 11 | 4.0% | |
| 3 | Beverage ManufacturingNAICS 3121 | 9 | 3.3% | |
| 4 | Offices of PhysiciansNAICS 6211 | 9 | 3.3% | |
| 5 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 9 | 3.3% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 9 | 3.3% | |
| 7 | Death Care ServicesNAICS 8122 | 8 | 2.9% | |
| 8 | Computer Systems Design and Related ServicesNAICS 5415 | 8 | 2.9% | |
| 9 | Bakeries and Tortilla ManufacturingNAICS 3118 | 8 | 2.9% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 7 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 39 | 14.3% | |
| 2 | Manufacturing | 36 | 13.2% | |
| 3 | Professional, Scientific, and Technical Services | 33 | 12.1% | |
| 4 | Accommodation and Food Services | 32 | 11.7% | |
| 5 | Health Care and Social Assistance | 29 | 10.6% | |
| 6 | Other Services (except Public Administration) | 23 | 8.4% | |
| 7 | Construction | 17 | 6.2% | |
| 8 | Wholesale Trade | 16 | 5.9% |
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* | 28 | $11.5M | $88K | 2 | — | 30 | 218 |
| FY2025 | 59 | $20.7M | $75K | 5 | $7.7M | 64 | 563 |
| FY2024 | 54 | $16.4M | $93K | 4 | $4.4M | 58 | 326 |
| FY2023 | 33 | $4.9M | $100K | 5 | $3.0M | 38 | 251 |
| FY2022 | 37 | $11.8M | $100K | 7 | $2.9M | 44 | 521 |
| FY2021 | 58 | $30.1M | $196K | 11 | $5.9M | 69 | 523 |
| FY2020 | 44 | $9.0M | $82K | 6 | $3.1M | 50 | 271 |
| FY2019 | 62 | $12.6M | $75K | 5 | $3.4M | 67 | 382 |
| FY2018 | 72 | $14.0M | $70K | 4 | $1.9M | 76 | 587 |
| FY2017 | 79 | $11.4M | $73K | 3 | $2.7M | 82 | 809 |
| FY2016 | 81 | $17.7M | $90K | 6 | $4.8M | 87 | 912 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 362 approvals.
Against Vermont and the country
| FY2021–FY2025 | Chittenden County | Vermont | United States |
|---|---|---|---|
| Approvals | 273 | 918 | 342,825 |
| Approvals per 1,000 establishments | 48.2 | 44.0 | 41.0 |
| Median 7(a) approval | $100K | $75K | $190K |
| Median 504 approval | $446K | $397K | $657K |
| Average approval | $394K | $330K | $573K |
| 504 share of approvals | 11.7% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 8.0 | 7.6 | 10.5 |
| Share of state approvals | 29.7% | 100.0% | — |
Approval sizes
- $50,000 or less34.1%93
- $50,001 to $150,00020.1%55
- $150,001 to $350,00018.7%51
- $350,001 to $1 million16.5%45
- $1 million to $2 million5.1%14
- Over $2 million5.5%15
Age of the businesses
- Existing, more than 2 years old63.0%172
- New business, 2 years or less15.8%43
- Startup, loan funds will open the business13.9%38
- Change of ownership7.3%20
Questions and answers
Which lenders make the most SBA loans in Chittenden County?
By approvals in FY2021 to FY2025: TD Bank, National Association (43), Manufacturers and Traders Trust Company (31), Granite State Economic Development Corporation (29), Community National Bank (26), Vermont FCU (19). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Chittenden County?
The median 7(a) approval was $100K and the median 504 approval $446K; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Chittenden County?
Restaurants and Other Eating Places (21); Building Equipment Contractors (11); Beverage Manufacturing (9); Offices of Physicians (9); Management, Scientific, and Technical Consulting Services (9).
Is SBA lending in Chittenden County rising?
Approvals in the three latest complete fiscal years total 160, against 163 in the three before: broadly level (-2%).
How does Chittenden County compare with the rest of Vermont?
48.2 approvals per 1,000 establishments against 44.0 statewide, and 273 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