Last annual update:
Vermont-based banks were mostly among the largest lenders to “The Green Mountain State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Vermont:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | Community National Bank | Derby, VT | 41 | $156,963 | 6.5% |
| 2 | TD Bank | Wilmington, DE | 23 | $39,513 | 9.9% |
| 3 | North Country FCU | South Burlington, VT | 16 | $62,269 | 5.6% |
| 4 | Berkshire Bank | Pittsfield, MA | 13 | $158,400 | 7.4% |
| 5 | Opportunities CU | Winooski, VT | 13 | $148,538 | 5.8% |
| 6 | Union Bank | Morrisville, VT | 12 | $58,325 | 6.4% |
| 7 | People's United Bank | Bridgeport, CT | 10 | $289,770 | 6.2% |
| 8 | Peoples Trust Company of St. Albans | Saint Albans, VT | 9 | $112,200 | 6.9% |
| 9 | Vermont 504 Corporation | Montpelier, VT | 9 | $102,556 | 6.9% |
| 10 | KeyBank | Cleveland, OH | 8 | $709,250 | 7.4% |