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  • Find me a PPP lender
  • Lenders by Region
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    • Contact Us
    • Terms and Conditions

Top SBA Lenders – SBA Loans Vermont

Published by sbalenders On February 27, 2020

Last annual update: Jan 11, 2021

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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:

Most active SBA lenders in Vermont

State RankBankBank Headquarters# of LoansAvg LoanAvg Interest
1Community National BankDerby, VT31$73,5456.6%
2TD BankWilmington, DE28$35,60710.5%
3People's United BankBridgeport, CT19$124,4377.1%
4Union BankMorrisville, VT14$111,7936.9%
5Vermont 504 CorporationMontpelier, VT11$93,1824.9%
6Woodsville Guaranty SavingsWoodsville, NH9$102,5005.8%
7North Country FCUSouth Burlington, VT8$50,1257.6%
8KeyBankCleveland, OH7$343,0007.5%
9First Home BankSaint Petersburg, FL5$107,0008.1%
10Newtek Small Business FinanceLake Success, NY4$759,7508.0%
11Berkshire BankPittsfield, MA4$412,0007.9%
12Opportunities CUWinooski, VT4$111,5005.5%

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Top Vermont PPP lenders (loans <$150,000)

RankBank# PPP Loans
1People's United Bank1,475
2Northfield Savings Bank862
3TD Bank733
4Community National Bank705
5Mascoma Bank592
6Union Bank527
7Citizens Bank469
8Vermont State Empl CU402
9Community Bank397
10National Bank of Middlebury359

Top Vermont PPP lenders (loans >$150,000)

RankBank# PPP Loans
1People's United Bank300
2TD Bank162
3Northfield Savings Bank136
4Community National Bank132
5Community Bank107
6Mascoma Bank99
7Union Bank76
8KeyBank National Association57
9Citizens Bank40
10National Bank of Middlebury40

Note: Vermont PPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.

 

Categories: News Tags: Vermont
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Top SBA Lenders - SBA Loans Vermont