States › Vermont › Windham County
County5th of 14 in Vermont by approvalsFIPS 50025
SBA loans in Windham 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 Windham County, Vermont, received 70 SBA loan approvals worth $28.2M in FY2021 to FY2025 (63 7(a), 7 504).
That is 42.2 approvals per 1,000 business establishments (1,657 establishments in 2023), close to the Vermont figure of 44.0 and close to the national 41.0.
It ranks 5th of 14 Vermont counties with approvals. In FY2025 there were 22, up 57% on FY2024.
25 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (16), TD Bank, National Association (6) and EastRise Federal Credit Union (6). The most common industry was traveler accommodation.
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 Windham County
By number of approvals to businesses in the county, FY2021–FY2025; 25 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 16 | $1.7M | 22.9% | |
| 2 | TD Bank, National AssociationWilmington, DE | 6 | $645K | 8.6% | |
| 3 | EastRise Federal Credit UnionWilliston, VT | 6 | $330K | 8.6% | |
| 4 | The Huntington National BankColumbus, OH | 4 | $3.3M | 5.7% | |
| 5 | Vermont 504 CorporationMontpelier, VT | 4 | $572K | 5.7% | |
| 6 | Celtic Bank CorporationSalt Lake City, UT | 3 | $4.4M | 4.3% | |
| 7 | New England Certified Development CorporationWakefield, MA · CDC | 3 | $1.8M | 4.3% | |
| 8 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 3 | $1.3M | 4.3% | |
| 9 | Northeast BankLewiston, ME | 3 | $629K | 4.3% | |
| 10 | Savings Bank of WalpoleWalpole, NH | 3 | $263K | 4.3% | |
| 11 | KeyBank National AssociationCleveland, OH | 3 | $237K | 4.3% | |
| 12 | SouthState Bank, National AssociationWinter Haven, FL | 2 | — | 2.9% | |
| 13 | NBT Bank, National AssociationNorwich, NY | 2 | — | 2.9% | |
| 14 | MVB Bank, Inc.Fairmont, WV | 1 | — | 1.4% | |
| 15 | Northfield Savings BankNorthfield, VT | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 6 | 8.6% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 6 | 8.6% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 6 | 8.6% | |
| 4 | Residential Building ConstructionNAICS 2361 | 5 | 7.1% | |
| 5 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 5.7% | |
| 6 | Furniture and Home Furnishings RetailersNAICS 4491 | 3 | 4.3% | |
| 7 | Grocery StoresNAICS 4451 | 3 | 4.3% | |
| 8 | General Freight TruckingNAICS 4841 | 3 | 4.3% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 4.3% | |
| 10 | Beverage ManufacturingNAICS 3121 | 2 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 11 | 15.7% | |
| 2 | Accommodation and Food Services | 11 | 15.7% | |
| 3 | Construction | 11 | 15.7% | |
| 4 | Health Care and Social Assistance | 10 | 14.3% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 6 | 8.6% | |
| 6 | Manufacturing | 5 | 7.1% | |
| 7 | Other Services (except Public Administration) | 4 | 5.7% | |
| 8 | Transportation and Warehousing | 3 | 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* | 15 | $9.8M | $50K | 0 | — | 15 | 78 |
| FY2025 | 21 | $5.0M | $150K | 1 | — | 22 | 97 |
| FY2024 | 12 | $4.7M | $90K | 2 | — | 14 | 101 |
| FY2023 | 15 | $9.2M | $81K | 0 | — | 15 | 128 |
| FY2022 | 8 | $2.0M | $125K | 2 | — | 10 | 125 |
| FY2021 | 7 | $3.3M | $285K | 2 | — | 9 | 103 |
| FY2020 | 5 | $285K | $65K | 0 | — | 5 | 15 |
| FY2019 | 14 | $2.8M | $77K | 1 | — | 15 | 192 |
| FY2018 | 14 | $4.8M | $40K | 4 | $739K | 18 | 67 |
| FY2017 | 8 | $874K | $100K | 0 | — | 8 | 54 |
| FY2016 | 9 | $1.6M | $100K | 0 | — | 9 | 63 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 55 approvals.
Against Vermont and the country
| FY2021–FY2025 | Windham County | Vermont | United States |
|---|---|---|---|
| Approvals | 70 | 918 | 342,825 |
| Approvals per 1,000 establishments | 42.2 | 44.0 | 41.0 |
| Median 7(a) approval | $100K | $75K | $190K |
| Median 504 approval | $542K | $397K | $657K |
| Average approval | $403K | $330K | $573K |
| 504 share of approvals | 10.0% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 7.9 | 7.6 | 10.5 |
| Share of state approvals | 7.6% | 100.0% | — |
Approval sizes
- $50,000 or less31.4%22
- $50,001 to $150,00024.3%17
- $150,001 to $350,00021.4%15
- $350,001 to $1 million11.4%8
- $1 million to $2 million5.7%4
- Over $2 million5.7%4
Age of the businesses
- Existing, more than 2 years old51.4%36
- New business, 2 years or less21.4%15
- Startup, loan funds will open the business8.6%6
- Change of ownership18.6%13
Questions and answers
Which lenders make the most SBA loans in Windham County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (16), TD Bank, National Association (6), EastRise Federal Credit Union (6), The Huntington National Bank (4), Vermont 504 Corporation (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Windham County?
The median 7(a) approval was $100K and the median 504 approval $542K; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Windham County?
Traveler Accommodation (6); Offices of Other Health Practitioners (6); Services to Buildings and Dwellings (6); Residential Building Construction (5); Restaurants and Other Eating Places (4).
Is SBA lending in Windham County rising?
Approvals in the three latest complete fiscal years total 51, against 24 in the three before: rising (+113%).
How does Windham County compare with the rest of Vermont?
42.2 approvals per 1,000 establishments against 44.0 statewide, and 70 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