States › Vermont › Washington County
County3rd of 14 in Vermont by approvalsFIPS 50023
SBA loans in Washington 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 Washington County, Vermont, received 90 SBA loan approvals worth $20.4M in FY2021 to FY2025 (72 7(a), 18 504).
That is 42.5 approvals per 1,000 business establishments (2,118 establishments in 2023), close to the Vermont figure of 44.0 and close to the national 41.0.
It ranks 3rd of 14 Vermont counties with approvals. In FY2025 there were 16, down 30% on FY2024.
16 lenders had approvals here; the most active were Community National Bank (39), Granite State Economic Development Corporation (18) and TD Bank, National Association (11). 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 Washington County
By number of approvals to businesses in the county, FY2021–FY2025; 16 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Community National BankDerby, VT | 39 | $5.1M | 43.3% | |
| 2 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 18 | $7.8M | 20.0% | |
| 3 | TD Bank, National AssociationWilmington, DE | 11 | $2.6M | 12.2% | |
| 4 | EastRise Federal Credit UnionWilliston, VT | 7 | $346K | 7.8% | |
| 5 | Vermont 504 CorporationMontpelier, VT | 3 | $600K | 3.3% | |
| 6 | North Country Federal Credit UnionSouth Burlington, VT | 2 | — | 2.2% | |
| 7 | First Internet Bank of IndianaFishers, IN | 1 | — | 1.1% | |
| 8 | Beacon Bank and TrustBrookline, MA | 1 | — | 1.1% | |
| 9 | First BankSouthern Pines, NC | 1 | — | 1.1% | |
| 10 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 1.1% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.1% | |
| 12 | BayFirst National BankSaint Petersburg, FL | 1 | — | 1.1% | |
| 13 | CenTrust Bank, A Division of SmartBiz Bank National AssociationNorthbrook, IL | 1 | — | 1.1% | |
| 14 | Manufacturers and Traders Trust CompanyBuffalo, NY | 1 | — | 1.1% | |
| 15 | Northeast BankLewiston, ME | 1 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 8.9% | |
| 2 | Other Food ManufacturingNAICS 3119 | 6 | 6.7% | |
| 3 | Lessors of Real EstateNAICS 5311 | 5 | 5.6% | |
| 4 | Grocery StoresNAICS 4451 | 5 | 5.6% | |
| 5 | Other Nonmetallic Mineral Product ManufacturingNAICS 3279 | 4 | 4.4% | |
| 6 | Residential Building ConstructionNAICS 2361 | 4 | 4.4% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 4 | 4.4% | |
| 8 | Specialty Food StoresNAICS 4452 | 3 | 3.3% | |
| 9 | Electric Power Generation, Transmission and DistributionNAICS 2211 | 3 | 3.3% | |
| 10 | Architectural, Engineering, and Related ServicesNAICS 5413 | 3 | 3.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 18 | 20.0% | |
| 2 | Manufacturing | 18 | 20.0% | |
| 3 | Construction | 11 | 12.2% | |
| 4 | Accommodation and Food Services | 9 | 10.0% | |
| 5 | Real Estate and Rental and Leasing | 7 | 7.8% | |
| 6 | Professional, Scientific, and Technical Services | 7 | 7.8% | |
| 7 | Utilities | 3 | 3.3% | |
| 8 | Health Care and Social Assistance | 3 | 3.3% |
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* | 19 | $2.1M | $50K | 3 | $990K | 22 | 63 |
| FY2025 | 15 | $3.8M | $96K | 1 | — | 16 | 206 |
| FY2024 | 21 | $1.5M | $40K | 2 | — | 23 | 104 |
| FY2023 | 18 | $4.4M | $71K | 2 | — | 20 | 234 |
| FY2022 | 12 | $1.5M | $100K | 3 | $580K | 15 | 136 |
| FY2021 | 6 | $1.4M | $200K | 10 | $3.5M | 16 | 210 |
| FY2020 | 32 | $3.5M | $68K | 10 | $4.1M | 42 | 353 |
| FY2019 | 22 | $2.3M | $68K | 2 | — | 24 | 184 |
| FY2018 | 27 | $2.9M | $68K | 2 | — | 29 | 240 |
| FY2017 | 11 | $2.0M | $80K | 4 | $3.8M | 15 | 192 |
| FY2016 | 22 | $2.6M | $39K | 5 | $972K | 27 | 251 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 137 approvals.
Against Vermont and the country
| FY2021–FY2025 | Washington County | Vermont | United States |
|---|---|---|---|
| Approvals | 90 | 918 | 342,825 |
| Approvals per 1,000 establishments | 42.5 | 44.0 | 41.0 |
| Median 7(a) approval | $75K | $75K | $190K |
| Median 504 approval | $272K | $397K | $657K |
| Average approval | $227K | $330K | $573K |
| 504 share of approvals | 20.0% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 9.9 | 7.6 | 10.5 |
| Share of state approvals | 9.8% | 100.0% | — |
Approval sizes
- $50,000 or less31.1%28
- $50,001 to $150,00034.4%31
- $150,001 to $350,00018.9%17
- $350,001 to $1 million11.1%10
- $1 million to $2 million4.4%4
Age of the businesses
- Existing, more than 2 years old54.4%49
- New business, 2 years or less24.4%22
- Startup, loan funds will open the business18.9%17
- Change of ownership2.2%2
Questions and answers
Which lenders make the most SBA loans in Washington County?
By approvals in FY2021 to FY2025: Community National Bank (39), Granite State Economic Development Corporation (18), TD Bank, National Association (11), EastRise Federal Credit Union (7), Vermont 504 Corporation (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Washington County?
The median 7(a) approval was $75K and the median 504 approval $272K; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Washington County?
Restaurants and Other Eating Places (8); Other Food Manufacturing (6); Lessors of Real Estate (5); Grocery Stores (5); Other Nonmetallic Mineral Product Manufacturing (4).
Is SBA lending in Washington County rising?
Approvals in the three latest complete fiscal years total 59, against 73 in the three before: falling (-19%).
How does Washington County compare with the rest of Vermont?
42.5 approvals per 1,000 establishments against 44.0 statewide, and 90 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