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County6th of 14 in Vermont by approvalsFIPS 50027
SBA loans in Windsor 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 Windsor County, Vermont, received 55 SBA loan approvals worth $23.5M in FY2021 to FY2025 (43 7(a), 12 504).
That is 28.6 approvals per 1,000 business establishments (1,926 establishments in 2023), below the Vermont figure of 44.0 and below the national 41.0.
It ranks 6th of 14 Vermont counties with approvals. In FY2025 there were 19.
17 lenders had approvals here; the most active were TD Bank, National Association (11), Granite State Economic Development Corporation (10) and Manufacturers and Traders Trust Company (10). 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 Windsor County
By number of approvals to businesses in the county, FY2021–FY2025; 17 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 11 | $410K | 20.0% | |
| 2 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 10 | $4.3M | 18.2% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 10 | $528K | 18.2% | |
| 4 | Heritage Family FCURutland, VT | 4 | $695K | 7.3% | |
| 5 | Vermont 504 CorporationMontpelier, VT | 4 | $675K | 7.3% | |
| 6 | Mascoma BankLebanon, NH | 3 | $748K | 5.5% | |
| 7 | Bay Colony Development CorporationWaltham, MA · CDC | 2 | — | 3.6% | |
| 8 | Bar Harbor Bank & TrustBar Harbor, ME | 2 | — | 3.6% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 1 | — | 1.8% | |
| 10 | NBT Bank, National AssociationNorwich, NY | 1 | — | 1.8% | |
| 11 | 22nd State Bank, A Division of 22nd State Banking CompanyMobile, AL | 1 | — | 1.8% | |
| 12 | The Huntington National BankColumbus, OH | 1 | — | 1.8% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.8% | |
| 14 | Claremont Savings BankClaremont, NH | 1 | — | 1.8% | |
| 15 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 9 | 16.4% | |
| 2 | Traveler AccommodationNAICS 7211 | 4 | 7.3% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 7.3% | |
| 4 | Lessors of Real EstateNAICS 5311 | 3 | 5.5% | |
| 5 | Other Food ManufacturingNAICS 3119 | 3 | 5.5% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 5.5% | |
| 7 | Residential Building ConstructionNAICS 2361 | 3 | 5.5% | |
| 8 | Gasoline StationsNAICS 4471 | 2 | 3.6% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.6% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 3.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 9 | 16.4% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 9 | 16.4% | |
| 3 | Construction | 8 | 14.5% | |
| 4 | Retail Trade | 6 | 10.9% | |
| 5 | Professional, Scientific, and Technical Services | 6 | 10.9% | |
| 6 | Real Estate and Rental and Leasing | 5 | 9.1% | |
| 7 | Manufacturing | 5 | 9.1% | |
| 8 | Utilities | 2 | 3.6% |
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* | 10 | $3.3M | $105K | 1 | — | 11 | 33 |
| FY2025 | 17 | $6.0M | $25K | 2 | — | 19 | 93 |
| FY2024 | 6 | $745K | $50K | 1 | — | 7 | 26 |
| FY2023 | 9 | $1.7M | $100K | 0 | — | 9 | 128 |
| FY2022 | 2 | — | — | 5 | $5.9M | 7 | 146 |
| FY2021 | 9 | $1.4M | $155K | 4 | $1.7M | 13 | 25 |
| FY2020 | 7 | $2.5M | $100K | 2 | — | 9 | 36 |
| FY2019 | 8 | $859K | $102K | 2 | — | 10 | 29 |
| FY2018 | 7 | $5.1M | $80K | 0 | — | 7 | 20 |
| FY2017 | 8 | $798K | $53K | 3 | $549K | 11 | 42 |
| FY2016 | 18 | $3.9M | $100K | 2 | — | 20 | 140 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 57 approvals.
Against Vermont and the country
| FY2021–FY2025 | Windsor County | Vermont | United States |
|---|---|---|---|
| Approvals | 55 | 918 | 342,825 |
| Approvals per 1,000 establishments | 28.6 | 44.0 | 41.0 |
| Median 7(a) approval | $60K | $75K | $190K |
| Median 504 approval | $436K | $397K | $657K |
| Average approval | $427K | $330K | $573K |
| 504 share of approvals | 21.8% | 12.4% | 11.0% |
| Jobs supported per approval, as reported | 7.6 | 7.6 | 10.5 |
| Share of state approvals | 6.0% | 100.0% | — |
Approval sizes
- $50,000 or less36.4%20
- $50,001 to $150,00021.8%12
- $150,001 to $350,00021.8%12
- $350,001 to $1 million14.5%8
- Over $2 million5.5%3
Age of the businesses
- Existing, more than 2 years old69.1%38
- New business, 2 years or less10.9%6
- Startup, loan funds will open the business12.7%7
- Change of ownership7.3%4
Questions and answers
Which lenders make the most SBA loans in Windsor County?
By approvals in FY2021 to FY2025: TD Bank, National Association (11), Granite State Economic Development Corporation (10), Manufacturers and Traders Trust Company (10), Heritage Family FCU (4), Vermont 504 Corporation (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Windsor County?
The median 7(a) approval was $60K and the median 504 approval $436K; the Vermont 7(a) median was $75K.
Which industries get the most SBA loans in Windsor County?
Services to Buildings and Dwellings (9); Traveler Accommodation (4); Restaurants and Other Eating Places (4); Lessors of Real Estate (3); Other Food Manufacturing (3).
Is SBA lending in Windsor County rising?
Approvals in the three latest complete fiscal years total 35, against 29 in the three before: rising (+21%).
How does Windsor County compare with the rest of Vermont?
28.6 approvals per 1,000 establishments against 44.0 statewide, and 55 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