Top Vermont SBA Lenders | SBA Loans in VT

Last annual update: Mar 2, 2024

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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

State RankBankBank HQs # of LoansAvg Interest Avg Loan
1Heritage Family FCURutland, VT 147.7% $130,379
2TD BankWilmington, DE 1212.8% $52,500
3Community National BankDerby, VT 118.0% $128,409
4New England FCUWilliston, VT 98.0% $62,011
5Vermont FCUBurlington, VT 98.7% $88,667
6M&TBuffalo, NY 512.1% $76,980
7North Country FCUSouth Burlington, VT 59.1% $56,920
8Peoples Trust Company of St. AlbansSaint Albans, VT 57.6% $75,240

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Top industries receiving SBA loans in Vermont

RankIndustry (NAICS Description)# of LoansAvg Interest Avg Loan
1Landscaping Services78.0% $140,214
2General Freight Trucking, Local58.9% $85,060

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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