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County4th of 14 in Vermont by approvalsFIPS 50011
SBA loans in Franklin 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.
SBA approved 72 loans to businesses in Franklin County, Vermont, in FY2021 to FY2025, worth $20.6M: 66 under 7(a) and 6 under 504.
That is 65.4 approvals per 1,000 business establishments (1,101 establishments in 2023), above the Vermont figure of 44.0 and above the national 41.0.
It ranks 4th of 14 Vermont counties with approvals. In FY2025 there were 17, about level with FY2024.
18 lenders had approvals here; the most active were Peoples Trust Company of St. Albans (13), Manufacturers and Traders Trust Company (8) and TD Bank, National Association (7). The most common industry was other specialty trade contractors.
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 Franklin County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Peoples Trust Company of St. AlbansSaint Albans, VT | 13 | $1.4M | 18.1% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 8 | $387K | 11.1% | |
| 3 | TD Bank, National AssociationWilmington, DE | 7 | $593K | 9.7% | |
| 4 | KeyBank National AssociationCleveland, OH | 7 | $301K | 9.7% | |
| 5 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 6 | $6.6M | 8.3% | |
| 6 | Community National BankDerby, VT | 6 | $5.9M | 8.3% | |
| 7 | North Country Federal Credit UnionSouth Burlington, VT | 4 | $255K | 5.6% | |
| 8 | Vermont 504 CorporationMontpelier, VT | 3 | $321K | 4.2% | |
| 9 | Northeast BankLewiston, ME | 3 | $286K | 4.2% | |
| 10 | Vermont FCUBurlington, VT | 3 | $97K | 4.2% | |
| 11 | EastRise Federal Credit UnionWilliston, VT | 2 | — | 2.8% | |
| 12 | Union BankMorrisville, VT | 2 | — | 2.8% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 2 | — | 2.8% | |
| 14 | Green Mountain CUSouth Burlington, VT | 2 | — | 2.8% | |
| 15 | National Cooperative Bank, National AssociationHillsboro, OH | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 9.7% | |
| 2 | Residential Building ConstructionNAICS 2361 | 5 | 6.9% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 5.6% | |
| 4 | General Freight TruckingNAICS 4841 | 4 | 5.6% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 4 | 5.6% | |
| 6 | Full-Service RestaurantsNAICS 7221 | 3 | 4.2% | |
| 7 | Bakeries and Tortilla ManufacturingNAICS 3118 | 3 | 4.2% | |
| 8 | Grocery StoresNAICS 4451 | 2 | 2.8% | |
| 9 | Highway, Street, and Bridge ConstructionNAICS 2373 | 2 | 2.8% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 18 | 25.0% | |
| 2 | Manufacturing | 12 | 16.7% | |
| 3 | Accommodation and Food Services | 9 | 12.5% | |
| 4 | Transportation and Warehousing | 6 | 8.3% | |
| 5 | Retail Trade | 5 | 6.9% | |
| 6 | Other Services (except Public Administration) | 5 | 6.9% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 4 | 5.6% | |
| 8 | Professional, Scientific, and Technical Services | 3 | 4.2% |
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* | 6 | $691K | $79K | 0 | — | 6 | 39 |
| FY2025 | 16 | $8.8M | $20K | 1 | — | 17 | 36 |
| FY2024 | 17 | $2.2M | $60K | 1 | — | 18 | 83 |
| FY2023 | 11 | $978K | $50K | 0 | — | 11 | 81 |
| FY2022 | 16 | $1.7M | $75K | 1 | — | 17 | 144 |
| FY2021 | 6 | $428K | $45K | 3 | $3.8M | 9 | 50 |
| FY2020 | 8 | $573K | $48K | 2 | — | 10 | 77 |
| FY2019 | 11 | $797K | $85K | 4 | $1.4M | 15 | 151 |
| FY2018 | 16 | $1.9M | $65K | 0 | — | 16 | 85 |
| FY2017 | 14 | $897K | $47K | 0 | — | 14 | 57 |
| FY2016 | 24 | $2.7M | $96K | 1 | — | 25 | 110 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 80 approvals.
Against Vermont and the country
| FY2021–FY2025 | Franklin County | Vermont | United States |
|---|---|---|---|
| Approvals | 72 | 918 | 342,825 |
| Approvals per 1,000 establishments | 65.4 | 44.0 | 41.0 |
| Median 7(a) approval | $50K | $75K | $190K |
| Median 504 approval | $819K | $397K | $657K |
| Average approval | $287K | $330K | $573K |
| 504 share of approvals | 8.3% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 5.5 | 7.6 | 10.5 |
| Share of state approvals | 7.8% | 100.0% | — |
Approval sizes
- $50,000 or less50.0%36
- $50,001 to $150,00018.1%13
- $150,001 to $350,00022.2%16
- $350,001 to $1 million2.8%2
- $1 million to $2 million2.8%2
- Over $2 million4.2%3
Age of the businesses
- Existing, more than 2 years old45.8%33
- New business, 2 years or less34.7%25
- Startup, loan funds will open the business15.3%11
- Change of ownership4.2%3
Questions and answers
Which lenders make the most SBA loans in Franklin County?
By approvals in FY2021 to FY2025: Peoples Trust Company of St. Albans (13), Manufacturers and Traders Trust Company (8), TD Bank, National Association (7), KeyBank National Association (7), Granite State Economic Development Corporation (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Franklin County?
The median 7(a) approval was $50K and the median 504 approval $819K; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Franklin County?
Other Specialty Trade Contractors (7); Residential Building Construction (5); Restaurants and Other Eating Places (4); General Freight Trucking (4); Services to Buildings and Dwellings (4).
Is SBA lending in Franklin County rising?
Approvals in the three latest complete fiscal years total 46, against 36 in the three before: rising (+28%).
How does Franklin County compare with the rest of Vermont?
65.4 approvals per 1,000 establishments against 44.0 statewide, and 72 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