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 10 SBA Lenders in Vermont:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 32 | $51,191 | 8.9% |
| 2 | Berkshire Bank | Pittsfield, MA | 25 | $109,132 | 5.9% |
| 3 | Community National Bank | Derby, VT | 21 | $256,605 | 5.7% |
| 4 | People's United Bank | Bridgeport, CT | 19 | $211,489 | 5.2% |
| 5 | North Country FCU | South Burlington, VT | 16 | $49,250 | 5.1% |
| 6 | Union Bank | Morrisville, VT | 14 | $59,214 | 5.9% |
| 7 | Opportunities CU | Winooski, VT | 13 | $106,400 | 6.3% |
| 8 | Peoples Trust Company of St. Albans | Saint Albans, VT | 10 | $44,040 | 6.0% |
| 9 | National Bank of Middlebury | Middlebury, VT | 8 | $250,400 | 5.8% |
| 10 | Vermont FCU | Burlington, VT | 8 | $40,000 | 4.7% |