States › Vermont › Rutland County
County2nd of 14 in Vermont by approvalsFIPS 50021
SBA loans in Rutland 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 Rutland County, Vermont, received 93 SBA loan approvals worth $29.3M in FY2021 to FY2025 (89 7(a), 4 504).
That is 47.8 approvals per 1,000 business establishments (1,945 establishments in 2023), close to the Vermont figure of 44.0 and above the national 41.0.
It ranks 2nd of 14 Vermont counties with approvals. In FY2025 there were 18, up 29% on FY2024.
22 lenders had approvals here; the most active were Heritage Family FCU (39), TD Bank, National Association (12) and Manufacturers and Traders Trust Company (6). 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 Rutland County
By number of approvals to businesses in the county, FY2021–FY2025; 22 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Heritage Family FCURutland, VT | 39 | $4.3M | 41.9% | |
| 2 | TD Bank, National AssociationWilmington, DE | 12 | $1.2M | 12.9% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 6 | $255K | 6.5% | |
| 4 | EastRise Federal Credit UnionWilliston, VT | 5 | $165K | 5.4% | |
| 5 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 4 | $6.6M | 4.3% | |
| 6 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $650K | 3.2% | |
| 7 | KeyBank National AssociationCleveland, OH | 3 | $45K | 3.2% | |
| 8 | The Huntington National BankColumbus, OH | 2 | — | 2.2% | |
| 9 | Beacon Bank and TrustBrookline, MA | 2 | — | 2.2% | |
| 10 | Vermont 504 CorporationMontpelier, VT | 2 | — | 2.2% | |
| 11 | Community Bank, National AssociationCanton, NY | 2 | — | 2.2% | |
| 12 | Vermont Community Loan Fund, Inc.Montpelier, VT | 2 | — | 2.2% | |
| 13 | National Bank of MiddleburyMiddlebury, VT | 2 | — | 2.2% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.1% | |
| 15 | Byline BankChicago, IL | 1 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 7.5% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 7 | 7.5% | |
| 3 | Traveler AccommodationNAICS 7211 | 4 | 4.3% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 4 | 4.3% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 4 | 4.3% | |
| 6 | Residential Building ConstructionNAICS 2361 | 4 | 4.3% | |
| 7 | General Freight TruckingNAICS 4841 | 4 | 4.3% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 3 | 3.2% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.2% | |
| 10 | Special Food ServicesNAICS 7223 | 3 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 16 | 17.2% | |
| 2 | Retail Trade | 16 | 17.2% | |
| 3 | Construction | 15 | 16.1% | |
| 4 | Other Services (except Public Administration) | 9 | 9.7% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 8 | 8.6% | |
| 6 | Health Care and Social Assistance | 6 | 6.5% | |
| 7 | Transportation and Warehousing | 6 | 6.5% | |
| 8 | Professional, Scientific, and Technical Services | 4 | 4.3% |
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* | 7 | $1.4M | $75K | 0 | — | 7 | 53 |
| FY2025 | 17 | $3.2M | $50K | 1 | — | 18 | 68 |
| FY2024 | 12 | $2.7M | $75K | 2 | — | 14 | 95 |
| FY2023 | 29 | $7.7M | $50K | 0 | — | 29 | 192 |
| FY2022 | 18 | $6.7M | $60K | 1 | — | 19 | 96 |
| FY2021 | 13 | $2.5M | $100K | 0 | — | 13 | 50 |
| FY2020 | 11 | $508K | $30K | 0 | — | 11 | 16 |
| FY2019 | 6 | $493K | $87K | 0 | — | 6 | 25 |
| FY2018 | 10 | $574K | $50K | 0 | — | 10 | 37 |
| FY2017 | 22 | $2.7M | $60K | 1 | — | 23 | 95 |
| FY2016 | 27 | $2.0M | $75K | 0 | — | 27 | 81 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 77 approvals.
Against Vermont and the country
| FY2021–FY2025 | Rutland County | Vermont | United States |
|---|---|---|---|
| Approvals | 93 | 918 | 342,825 |
| Approvals per 1,000 establishments | 47.8 | 44.0 | 41.0 |
| Median 7(a) approval | $50K | $75K | $190K |
| Median 504 approval | $1.5M | $397K | $657K |
| Average approval | $316K | $330K | $573K |
| 504 share of approvals | 4.3% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 5.4 | 7.6 | 10.5 |
| Share of state approvals | 10.1% | 100.0% | — |
Approval sizes
- $50,000 or less48.4%45
- $50,001 to $150,00022.6%21
- $150,001 to $350,00014.0%13
- $350,001 to $1 million7.5%7
- $1 million to $2 million4.3%4
- Over $2 million3.2%3
Age of the businesses
- Existing, more than 2 years old35.5%33
- New business, 2 years or less34.4%32
- Startup, loan funds will open the business20.4%19
- Change of ownership9.7%9
Questions and answers
Which lenders make the most SBA loans in Rutland County?
By approvals in FY2021 to FY2025: Heritage Family FCU (39), TD Bank, National Association (12), Manufacturers and Traders Trust Company (6), EastRise Federal Credit Union (5), Granite State Economic Development Corporation (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Rutland County?
The median 7(a) approval was $50K and the median 504 approval $1.5M; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Rutland County?
Restaurants and Other Eating Places (7); Services to Buildings and Dwellings (7); Traveler Accommodation (4); Foundation, Structure, and Building Exterior Contractors (4); Offices of Other Health Practitioners (4).
Is SBA lending in Rutland County rising?
Approvals in the three latest complete fiscal years total 61, against 43 in the three before: rising (+42%).
How does Rutland County compare with the rest of Vermont?
47.8 approvals per 1,000 establishments against 44.0 statewide, and 93 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