FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Vermont, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 229 loans in Vermont: 210 under 7(a) and 19 under 504, worth $44.4M.
That is about level with FY2017, when there were 236 approvals worth $39.8M.
Vermont accounted for 0.3% of the 66,228 approvals nationwide that year. 34 lenders had at least one approval in the state; Community National Bank had the most, 35.
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 34 lenders with the most approvals to Vermont businesses in FY2018, of 34 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Community National Bank | 7(a) | 35 | $4.9M | 15.3% | 22 | +13 |
| 2 | TD Bank, National Association | 7(a) | 26 | $1.0M | 11.4% | 29 | -3 |
| 3 | Granite State Economic Development Corporation | 504 | 17 | $7.0M | 7.4% | 12 | +5 |
| 4 | North Country Federal Credit Union | 7(a) | 17 | $988K | 7.4% | 16 | +1 |
| 5 | Beacon Bank and Trust | 7(a) | 16 | $2.3M | 7.0% | 30 | -14 |
| 6 | Green Mountain CU | 7(a) | 15 | $2.1M | 6.6% | 14 | +1 |
| 7 | Manufacturers and Traders Trust Company | 7(a) | 12 | $2.5M | 5.2% | 21 | -9 |
| 8 | Vermont 504 Corporation | 7(a) | 11 | $1.1M | 4.8% | 7 | +4 |
| 9 | Union Bank | 7(a) | 11 | $531K | 4.8% | 19 | -8 |
| 10 | Peoples Trust Company of St. Albans | 7(a) | 9 | $1.0M | 3.9% | 10 | -1 |
| 11 | KeyBank National Association | 7(a) | 7 | $4.7M | 3.1% | 8 | -1 |
| 12 | Bar Harbor Bank & Trust | 7(a) | 6 | $882K | 2.6% | 4 | +2 |
| 13 | National Bank of Middlebury | 7(a) | 5 | $666K | 2.2% | 7 | -2 |
| 14 | Citizens Bank, National Association | 7(a) | 5 | $468K | 2.2% | 3 | +2 |
| 15 | EastRise Federal Credit Union | 7(a) | 5 | $255K | 2.2% | 1 | +4 |
| 16 | Vermont FCU | 7(a) | 4 | $363K | 1.7% | 7 | -3 |
| 17 | Live Oak Banking Company | 7(a) | 3 | $5.6M | 1.3% | 0 | new |
| 18 | BayFirst National Bank | 7(a) | 3 | $610K | 1.3% | 0 | new |
| 19 | Heritage Family FCU | 7(a) | 3 | $97K | 1.3% | 1 | +2 |
| 20 | Vermont 504 Corporation | 504 | 2 | — | 0.9% | 2 | 0 |
| 21 | SouthState Bank, National Association | 7(a) | 2 | — | 0.9% | 0 | new |
| 22 | The Bank of Bennington | 7(a) | 2 | — | 0.9% | 0 | new |
| 23 | Wells River Savings Bank | 7(a) | 2 | — | 0.9% | 2 | 0 |
| 24 | The MINT National Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 25 | Stearns Bank National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 26 | Celtic Bank Corporation | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 27 | Wells Fargo Bank National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 28 | Five Star Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 29 | First Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 30 | Passumpsic Savings Bank | 7(a) | 1 | — | 0.4% | 5 | -4 |
| 31 | Mascoma Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 32 | United Midwest Savings Bank National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 33 | Independence Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 34 | Greenfield Co-Operative Bank | 7(a) | 1 | — | 0.4% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Chittenden County | 76 | $15.9M | 33.2% | 82 | -6 |
| 2 | Washington County | 29 | $6.3M | 12.7% | 15 | +14 |
| 3 | Windham County | 18 | $5.5M | 7.9% | 8 | +10 |
| 4 | Franklin County | 16 | $1.9M | 7.0% | 14 | +2 |
| 5 | Bennington County | 14 | $1.8M | 6.1% | 18 | -4 |
| 6 | Caledonia County | 13 | $1.5M | 5.7% | 19 | -6 |
| 7 | Orleans County | 13 | $1.2M | 5.7% | 12 | +1 |
| 8 | Addison County | 11 | $1.6M | 4.8% | 10 | +1 |
| 9 | Lamoille County | 11 | $1.7M | 4.8% | 17 | -6 |
| 10 | Rutland County | 10 | $574K | 4.4% | 23 | -13 |
| 11 | Windsor County | 7 | $5.1M | 3.1% | 11 | -4 |
| 12 | Orange County | 6 | $876K | 2.6% | 4 | +2 |
| 13 | Grand Isle County | 4 | $358K | 1.7% | 3 | +1 |
| 14 | Essex County | 1 | — | 0.4% | 0 | new |
FY2018 against FY2017
| Vermont | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 210 | 221 |
| 7(a) dollars | $36.5M | $30.5M |
| Median 7(a) approval | $61K | $60K |
| 504 approvals | 19 | 15 |
| 504 dollars | $7.8M | $9.3M |
| Jobs supported, as reported | 1,403 | 1,749 |
Questions and answers
Which lenders made the most SBA loans in Vermont in FY2018?
Community National Bank (35), TD Bank, National Association (26), Granite State Economic Development Corporation (17), North Country Federal Credit Union (17), Beacon Bank and Trust (16). 34 lenders had at least one approval.
How many SBA loans were approved in Vermont in FY2018?
229: 210 under 7(a) worth $36.5M and 19 under 504 worth $7.8M.
Which Vermont counties had the most SBA approvals in FY2018?
Chittenden County (76), Washington County (29), Windham County (18), Franklin County (16), Bennington County (14).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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