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County8th of 14 in Vermont by approvalsFIPS 50015
SBA loans in Lamoille 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 48 loans to businesses in Lamoille County, Vermont, in FY2021 to FY2025, worth $16.9M: 40 under 7(a) and 8 under 504.
That is 48.0 approvals per 1,000 business establishments (1,001 establishments in 2023), close to the Vermont figure of 44.0 and above the national 41.0.
It ranks 8th of 14 Vermont counties with approvals. In FY2025 there were 15.
14 lenders had approvals here; the most active were Community National Bank (9), Granite State Economic Development Corporation (8) and Union Bank (7). 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 Lamoille County
By number of approvals to businesses in the county, FY2021–FY2025; 14 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Community National BankDerby, VT | 9 | $679K | 18.8% | |
| 2 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 8 | $7.9M | 16.7% | |
| 3 | Union BankMorrisville, VT | 7 | $291K | 14.6% | |
| 4 | TD Bank, National AssociationWilmington, DE | 6 | $270K | 12.5% | |
| 5 | EastRise Federal Credit UnionWilliston, VT | 4 | $407K | 8.3% | |
| 6 | North Country Federal Credit UnionSouth Burlington, VT | 3 | $188K | 6.3% | |
| 7 | Beacon Bank and TrustBrookline, MA | 2 | — | 4.2% | |
| 8 | Peoples Trust Company of St. AlbansSaint Albans, VT | 2 | — | 4.2% | |
| 9 | Manufacturers and Traders Trust CompanyBuffalo, NY | 2 | — | 4.2% | |
| 10 | Hometown BankKent, OH | 1 | — | 2.1% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.1% | |
| 12 | KeyBank National AssociationCleveland, OH | 1 | — | 2.1% | |
| 13 | Northern Bank and Trust CompanyWoburn, MA | 1 | — | 2.1% | |
| 14 | Mascoma BankLebanon, NH | 1 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 4 | 8.3% | |
| 2 | Building Finishing ContractorsNAICS 2383 | 4 | 8.3% | |
| 3 | Traveler AccommodationNAICS 7211 | 3 | 6.3% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 6.3% | |
| 5 | Health and Personal Care StoresNAICS 4461 | 3 | 6.3% | |
| 6 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 2 | 4.2% | |
| 7 | Other Ambulatory Health Care ServicesNAICS 6219 | 2 | 4.2% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 4.2% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 2 | 4.2% | |
| 10 | FloristsNAICS 4593 | 2 | 4.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 9 | 18.8% | |
| 2 | Accommodation and Food Services | 6 | 12.5% | |
| 3 | Health Care and Social Assistance | 6 | 12.5% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 5 | 10.4% | |
| 5 | Professional, Scientific, and Technical Services | 5 | 10.4% | |
| 6 | Construction | 5 | 10.4% | |
| 7 | Real Estate and Rental and Leasing | 4 | 8.3% | |
| 8 | Other Services (except Public Administration) | 3 | 6.3% |
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 | $620K | $50K | 0 | — | 5 | 13 |
| FY2025 | 13 | $4.8M | $50K | 2 | — | 15 | 81 |
| FY2024 | 4 | $250K | $40K | 2 | — | 6 | 19 |
| FY2023 | 6 | $1.1M | $109K | 0 | — | 6 | 66 |
| FY2022 | 6 | $2.1M | $127K | 1 | — | 7 | 24 |
| FY2021 | 11 | $684K | $40K | 3 | $1.7M | 14 | 160 |
| FY2020 | 14 | $980K | $52K | 2 | — | 16 | 127 |
| FY2019 | 17 | $1.8M | $33K | 2 | — | 19 | 99 |
| FY2018 | 10 | $1.5M | $38K | 1 | — | 11 | 29 |
| FY2017 | 16 | $779K | $50K | 1 | — | 17 | 111 |
| FY2016 | 9 | $907K | $75K | 0 | — | 9 | 44 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 72 approvals.
Against Vermont and the country
| FY2021–FY2025 | Lamoille County | Vermont | United States |
|---|---|---|---|
| Approvals | 48 | 918 | 342,825 |
| Approvals per 1,000 establishments | 48.0 | 44.0 | 41.0 |
| Median 7(a) approval | $50K | $75K | $190K |
| Median 504 approval | $314K | $397K | $657K |
| Average approval | $351K | $330K | $573K |
| 504 share of approvals | 16.7% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 7.3 | 7.6 | 10.5 |
| Share of state approvals | 5.2% | 100.0% | — |
Approval sizes
- $50,000 or less47.9%23
- $50,001 to $150,00027.1%13
- $150,001 to $350,00010.4%5
- $350,001 to $1 million6.3%3
- $1 million to $2 million4.2%2
- Over $2 million4.2%2
Age of the businesses
- Existing, more than 2 years old60.4%29
- New business, 2 years or less22.9%11
- Startup, loan funds will open the business8.3%4
- Change of ownership6.3%3
- Not answered2.1%1
Questions and answers
Which lenders make the most SBA loans in Lamoille County?
By approvals in FY2021 to FY2025: Community National Bank (9), Granite State Economic Development Corporation (8), Union Bank (7), TD Bank, National Association (6), EastRise Federal Credit Union (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lamoille County?
The median 7(a) approval was $50K and the median 504 approval $314K; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Lamoille County?
Services to Buildings and Dwellings (4); Building Finishing Contractors (4); Traveler Accommodation (3); Restaurants and Other Eating Places (3); Health and Personal Care Stores (3).
Is SBA lending in Lamoille County rising?
Approvals in the three latest complete fiscal years total 27, against 37 in the three before: falling (-27%).
How does Lamoille County compare with the rest of Vermont?
48.0 approvals per 1,000 establishments against 44.0 statewide, and 48 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