FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Vermont, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 196 loans in Vermont: 170 under 7(a) and 26 under 504, worth $35.5M.
That is down 11% on FY2019, when there were 220 approvals worth $37.0M.
Vermont accounted for 0.4% of the 49,417 approvals nationwide that year. 34 lenders had at least one approval in the state; Community National Bank had the most, 50.
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 FY2020, of 34 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Community National Bank | 7(a) | 50 | $5.6M | 25.5% | 35 | +15 |
| 2 | Granite State Economic Development Corporation | 504 | 25 | $10.1M | 12.8% | 16 | +9 |
| 3 | Union Bank | 7(a) | 16 | $1.0M | 8.2% | 17 | -1 |
| 4 | Manufacturers and Traders Trust Company | 7(a) | 16 | $935K | 8.2% | 21 | -5 |
| 5 | Vermont 504 Corporation | 7(a) | 14 | $1.3M | 7.1% | 9 | +5 |
| 6 | EastRise Federal Credit Union | 7(a) | 11 | $853K | 5.6% | 11 | 0 |
| 7 | Bar Harbor Bank & Trust | 7(a) | 10 | $1.6M | 5.1% | 10 | 0 |
| 8 | North Country Federal Credit Union | 7(a) | 10 | $649K | 5.1% | 13 | -3 |
| 9 | TD Bank, National Association | 7(a) | 6 | $357K | 3.1% | 29 | -23 |
| 10 | Heritage Family FCU | 7(a) | 4 | $115K | 2.0% | 1 | +3 |
| 11 | KeyBank National Association | 7(a) | 3 | $865K | 1.5% | 8 | -5 |
| 12 | National Bank of Middlebury | 7(a) | 3 | $514K | 1.5% | 2 | +1 |
| 13 | Banc of California | 7(a) | 2 | — | 1.0% | 0 | new |
| 14 | BayFirst National Bank | 7(a) | 2 | — | 1.0% | 5 | -3 |
| 15 | Newtek Small Business Finance, Inc. | 7(a) | 2 | — | 1.0% | 4 | -2 |
| 16 | Beacon Bank and Trust | 7(a) | 2 | — | 1.0% | 4 | -2 |
| 17 | The Bank of Bennington | 7(a) | 2 | — | 1.0% | 2 | 0 |
| 18 | Clear Mountain Bank, Inc. | 7(a) | 2 | — | 1.0% | 0 | new |
| 19 | Ledyard National Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 20 | Byline Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 21 | U.S. Bank, National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 22 | Live Oak Banking Company | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 23 | Hanover Community Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 24 | Vermont 504 Corporation | 504 | 1 | — | 0.5% | 1 | 0 |
| 25 | The Huntington National Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 26 | Seacoast National Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 27 | SouthState Bank, National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 28 | Passumpsic Savings Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 29 | BankVista | 7(a) | 1 | — | 0.5% | 0 | new |
| 30 | Green Mountain CU | 7(a) | 1 | — | 0.5% | 4 | -3 |
| 31 | Savings Bank of Walpole | 7(a) | 1 | — | 0.5% | 0 | new |
| 32 | Peoples Trust Company of St. Albans | 7(a) | 1 | — | 0.5% | 3 | -2 |
| 33 | Stearns Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 34 | Arrow Bank National Association | 7(a) | 1 | — | 0.5% | 1 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Chittenden County | 50 | $12.1M | 25.5% | 67 | -17 |
| 2 | Washington County | 42 | $7.6M | 21.4% | 24 | +18 |
| 3 | Lamoille County | 16 | $1.6M | 8.2% | 19 | -3 |
| 4 | Orange County | 15 | $4.0M | 7.7% | 16 | -1 |
| 5 | Orleans County | 12 | $1.1M | 6.1% | 5 | +7 |
| 6 | Rutland County | 11 | $508K | 5.6% | 6 | +5 |
| 7 | Caledonia County | 10 | $741K | 5.1% | 12 | -2 |
| 8 | Addison County | 10 | $2.2M | 5.1% | 15 | -5 |
| 9 | Franklin County | 10 | $988K | 5.1% | 15 | -5 |
| 10 | Windsor County | 9 | $3.4M | 4.6% | 10 | -1 |
| 11 | Bennington County | 6 | $1.1M | 3.1% | 9 | -3 |
| 12 | Windham County | 5 | $285K | 2.6% | 15 | -10 |
FY2020 against FY2019
| Vermont | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 170 | 202 |
| 7(a) dollars | $25.0M | $29.3M |
| Median 7(a) approval | $65K | $68K |
| 504 approvals | 26 | 18 |
| 504 dollars | $10.5M | $7.7M |
| Jobs supported, as reported | 1,163 | 1,338 |
Questions and answers
Which lenders made the most SBA loans in Vermont in FY2020?
Community National Bank (50), Granite State Economic Development Corporation (25), Union Bank (16), Manufacturers and Traders Trust Company (16), Vermont 504 Corporation (14). 34 lenders had at least one approval.
How many SBA loans were approved in Vermont in FY2020?
196: 170 under 7(a) worth $25.0M and 26 under 504 worth $10.5M.
Which Vermont counties had the most SBA approvals in FY2020?
Chittenden County (50), Washington County (42), Lamoille County (16), Orange County (15), Orleans County (12).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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