FY20171 Oct 2016 – 30 Sep 2017
SBA loans in Vermont, FY2017
That fiscal year's approvals by lender and by county.
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.
In FY2017 (1 October 2016 to 30 September 2017) SBA approved 236 loans in Vermont: 221 under 7(a) and 15 under 504, worth $39.8M.
That is down 19% on FY2016, when there were 291 approvals worth $55.8M.
Vermont accounted for 0.3% of the 68,648 approvals nationwide that year. 32 lenders had at least one approval in the state; Beacon Bank and Trust had the most, 30.
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.
Approvals by lender
The 32 lenders with the most approvals to Vermont businesses in FY2017, of 32 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Beacon Bank and Trust | 7(a) | 30 | $2.9M | 12.7% | 50 | -20 |
| 2 | TD Bank, National Association | 7(a) | 29 | $2.3M | 12.3% | 9 | +20 |
| 3 | Community National Bank | 7(a) | 22 | $6.0M | 9.3% | 35 | -13 |
| 4 | Manufacturers and Traders Trust Company | 7(a) | 21 | $5.3M | 8.9% | 19 | +2 |
| 5 | Union Bank | 7(a) | 19 | $1.1M | 8.1% | 20 | -1 |
| 6 | North Country Federal Credit Union | 7(a) | 16 | $696K | 6.8% | 18 | -2 |
| 7 | Green Mountain CU | 7(a) | 14 | $1.5M | 5.9% | 16 | -2 |
| 8 | Granite State Economic Development Corporation | 504 | 12 | $6.6M | 5.1% | 19 | -7 |
| 9 | Peoples Trust Company of St. Albans | 7(a) | 10 | $465K | 4.2% | 12 | -2 |
| 10 | KeyBank National Association | 7(a) | 8 | $913K | 3.4% | 12 | -4 |
| 11 | National Bank of Middlebury | 7(a) | 7 | $1.6M | 3.0% | 9 | -2 |
| 12 | Vermont 504 Corporation | 7(a) | 7 | $995K | 3.0% | 8 | -1 |
| 13 | Vermont FCU | 7(a) | 7 | $199K | 3.0% | 6 | +1 |
| 14 | Passumpsic Savings Bank | 7(a) | 5 | $221K | 2.1% | 2 | +3 |
| 15 | NBT Bank, National Association | 7(a) | 4 | $550K | 1.7% | 0 | new |
| 16 | Bar Harbor Bank & Trust | 7(a) | 4 | $320K | 1.7% | 11 | -7 |
| 17 | Citizens Bank, National Association | 7(a) | 3 | $600K | 1.3% | 10 | -7 |
| 18 | Vermont 504 Corporation | 504 | 2 | — | 0.8% | 1 | +1 |
| 19 | Vermont Community Loan Fund, Inc. | 7(a) | 2 | — | 0.8% | 3 | -1 |
| 20 | Wells River Savings Bank | 7(a) | 2 | — | 0.8% | 0 | new |
| 21 | Byline Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 22 | Firstrust Savings Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 23 | The Brattleboro Savings & Loan Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 24 | Bay Colony Development Corporation | 504 | 1 | — | 0.4% | 1 | 0 |
| 25 | Newtek Small Business Finance, Inc. | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 26 | Mascoma Bank | 7(a) | 1 | — | 0.4% | 2 | -1 |
| 27 | Independence Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 28 | Bank of New Hampshire | 7(a) | 1 | — | 0.4% | 0 | new |
| 29 | Northern Community Investment Corporation | 7(a) | 1 | — | 0.4% | 0 | new |
| 30 | EastRise Federal Credit Union | 7(a) | 1 | — | 0.4% | 5 | -4 |
| 31 | Heritage Family FCU | 7(a) | 1 | — | 0.4% | 3 | -2 |
| 32 | Celtic Bank Corporation | 7(a) | 1 | — | 0.4% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | Chittenden County | 82 | $14.1M | 34.7% | 87 | -5 |
| 2 | Rutland County | 23 | $2.9M | 9.7% | 27 | -4 |
| 3 | Caledonia County | 19 | $5.2M | 8.1% | 18 | +1 |
| 4 | Bennington County | 18 | $3.6M | 7.6% | 33 | -15 |
| 5 | Lamoille County | 17 | $1.5M | 7.2% | 9 | +8 |
| 6 | Washington County | 15 | $5.8M | 6.4% | 27 | -12 |
| 7 | Franklin County | 14 | $897K | 5.9% | 25 | -11 |
| 8 | Orleans County | 12 | $1.1M | 5.1% | 16 | -4 |
| 9 | Windsor County | 11 | $1.3M | 4.7% | 20 | -9 |
| 10 | Addison County | 10 | $1.6M | 4.2% | 12 | -2 |
| 11 | Windham County | 8 | $874K | 3.4% | 9 | -1 |
| 12 | Orange County | 4 | $471K | 1.7% | 6 | -2 |
| 13 | Grand Isle County | 3 | $402K | 1.3% | 1 | +2 |
FY2017 against FY2016
| Vermont | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 221 | 269 |
| 7(a) dollars | $30.5M | $41.4M |
| Median 7(a) approval | $60K | $75K |
| 504 approvals | 15 | 22 |
| 504 dollars | $9.3M | $14.3M |
| Jobs supported, as reported | 1,749 | 2,319 |
Questions and answers
Which lenders made the most SBA loans in Vermont in FY2017?
Beacon Bank and Trust (30), TD Bank, National Association (29), Community National Bank (22), Manufacturers and Traders Trust Company (21), Union Bank (19). 32 lenders had at least one approval.
How many SBA loans were approved in Vermont in FY2017?
236: 221 under 7(a) worth $30.5M and 15 under 504 worth $9.3M.
Which Vermont counties had the most SBA approvals in FY2017?
Chittenden County (82), Rutland County (23), Caledonia County (19), Bennington County (18), Lamoille County (17).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error