FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Vermont, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 220 loans in Vermont: 202 under 7(a) and 18 under 504, worth $37.0M.
That is about level with FY2018, when there were 229 approvals worth $44.4M.
Vermont accounted for 0.4% of the 58,006 approvals nationwide that year. 37 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 37 lenders with the most approvals to Vermont businesses in FY2019, of 37 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Community National Bank | 7(a) | 35 | $3.7M | 15.9% | 35 | 0 |
| 2 | TD Bank, National Association | 7(a) | 29 | $962K | 13.2% | 26 | +3 |
| 3 | Manufacturers and Traders Trust Company | 7(a) | 21 | $4.0M | 9.5% | 12 | +9 |
| 4 | Union Bank | 7(a) | 17 | $1.7M | 7.7% | 11 | +6 |
| 5 | Granite State Economic Development Corporation | 504 | 16 | $6.3M | 7.3% | 17 | -1 |
| 6 | North Country Federal Credit Union | 7(a) | 13 | $732K | 5.9% | 17 | -4 |
| 7 | EastRise Federal Credit Union | 7(a) | 11 | $947K | 5.0% | 5 | +6 |
| 8 | Bar Harbor Bank & Trust | 7(a) | 10 | $975K | 4.5% | 6 | +4 |
| 9 | Vermont 504 Corporation | 7(a) | 9 | $925K | 4.1% | 11 | -2 |
| 10 | KeyBank National Association | 7(a) | 8 | $3.4M | 3.6% | 7 | +1 |
| 11 | BayFirst National Bank | 7(a) | 5 | $475K | 2.3% | 3 | +2 |
| 12 | Newtek Small Business Finance, Inc. | 7(a) | 4 | $3.4M | 1.8% | 0 | new |
| 13 | Beacon Bank and Trust | 7(a) | 4 | $1.3M | 1.8% | 16 | -12 |
| 14 | Green Mountain CU | 7(a) | 4 | $446K | 1.8% | 15 | -11 |
| 15 | Vermont Community Loan Fund, Inc. | 7(a) | 3 | $307K | 1.4% | 0 | new |
| 16 | Peoples Trust Company of St. Albans | 7(a) | 3 | $195K | 1.4% | 9 | -6 |
| 17 | Celtic Bank Corporation | 7(a) | 2 | — | 0.9% | 1 | +1 |
| 18 | Northeast Bank | 7(a) | 2 | — | 0.9% | 0 | new |
| 19 | Citizens Bank, National Association | 7(a) | 2 | — | 0.9% | 5 | -3 |
| 20 | Wells River Savings Bank | 7(a) | 2 | — | 0.9% | 2 | 0 |
| 21 | National Bank of Middlebury | 7(a) | 2 | — | 0.9% | 5 | -3 |
| 22 | The Bank of Bennington | 7(a) | 2 | — | 0.9% | 2 | 0 |
| 23 | Vermont FCU | 7(a) | 2 | — | 0.9% | 4 | -2 |
| 24 | New England Certified Development Corporation | 504 | 1 | — | 0.5% | 0 | new |
| 25 | Poppy Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 26 | Readycap Lending, LLC | 7(a) | 1 | — | 0.5% | 0 | new |
| 27 | Live Oak Banking Company | 7(a) | 1 | — | 0.5% | 3 | -2 |
| 28 | Wells Fargo Bank National Association | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 29 | The Huntington National Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 30 | Heritage Family FCU | 7(a) | 1 | — | 0.5% | 3 | -2 |
| 31 | NBT Bank, National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 32 | Vermont 504 Corporation | 504 | 1 | — | 0.5% | 2 | -1 |
| 33 | Independence Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 34 | Five Star Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 35 | Greenfield Co-Operative Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 36 | Arrow Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 37 | Passumpsic Savings Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Chittenden County | 67 | $15.9M | 30.5% | 76 | -9 |
| 2 | Washington County | 24 | $3.0M | 10.9% | 29 | -5 |
| 3 | Lamoille County | 19 | $2.9M | 8.6% | 11 | +8 |
| 4 | Orange County | 16 | $1.4M | 7.3% | 6 | +10 |
| 5 | Addison County | 15 | $1.8M | 6.8% | 11 | +4 |
| 6 | Windham County | 15 | $2.9M | 6.8% | 18 | -3 |
| 7 | Franklin County | 15 | $2.2M | 6.8% | 16 | -1 |
| 8 | Caledonia County | 12 | $884K | 5.5% | 13 | -1 |
| 9 | Windsor County | 10 | $1.4M | 4.5% | 7 | +3 |
| 10 | Bennington County | 9 | $3.0M | 4.1% | 14 | -5 |
| 11 | Rutland County | 6 | $493K | 2.7% | 10 | -4 |
| 12 | Grand Isle County | 6 | $362K | 2.7% | 4 | +2 |
| 13 | Orleans County | 5 | $370K | 2.3% | 13 | -8 |
| 14 | Essex County | 1 | — | 0.5% | 1 | 0 |
FY2019 against FY2018
| Vermont | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 202 | 210 |
| 7(a) dollars | $29.3M | $36.5M |
| Median 7(a) approval | $68K | $61K |
| 504 approvals | 18 | 19 |
| 504 dollars | $7.7M | $7.8M |
| Jobs supported, as reported | 1,338 | 1,403 |
Questions and answers
Which lenders made the most SBA loans in Vermont in FY2019?
Community National Bank (35), TD Bank, National Association (29), Manufacturers and Traders Trust Company (21), Union Bank (17), Granite State Economic Development Corporation (16). 37 lenders had at least one approval.
How many SBA loans were approved in Vermont in FY2019?
220: 202 under 7(a) worth $29.3M and 18 under 504 worth $7.7M.
Which Vermont counties had the most SBA approvals in FY2019?
Chittenden County (67), Washington County (24), Lamoille County (19), Orange County (16), Addison County (15).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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