Top Vermont SBA Lenders | SBA Loans in VT

Last annual update: May 8, 2023


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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:

Top SBA lenders in Vermont

VT RankVermont BankBank HQs# of LoansAvg InterestAvg VT Loan
1Vermont State Empl CUMontpelier, VT226.4%$65,291
2Community National BankDerby, VT155.8%$198,713
3Heritage Family FCURutland, VT124.8%$127,292
4Union BankMorrisville, VT76.4%$67,786
5KeyBankCleveland, OH56.4%$101,000
6North Country FCUSouth Burlington, VT57.8%$60,140
7Peoples Trust Company of St. AlbansSaint Albans, VT56.2%$108,800


SBA loans – Vermont

A note about these Vermont SBA lenders – People frequently ask us if one of the banks above is 1) on the Vermont preferred lender list 2) an approved lender in Vermont, or 3) participating in the Vermont SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Vermont and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Vermont. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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