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:
Most active SBA banks near me in Vermont
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Community National Bank | Derby, VT | 31 | $73,545 | 6.6% |
| 2 | TD Bank | Wilmington, DE | 28 | $35,607 | 10.5% |
| 3 | People's United Bank | Bridgeport, CT | 19 | $124,437 | 7.1% |
| 4 | Union Bank | Morrisville, VT | 14 | $111,793 | 6.9% |
| 5 | Vermont 504 Corporation | Montpelier, VT | 11 | $93,182 | 4.9% |
| 6 | Woodsville Guaranty Savings | Woodsville, NH | 9 | $102,500 | 5.8% |
| 7 | North Country FCU | South Burlington, VT | 8 | $50,125 | 7.6% |
| 8 | KeyBank | Cleveland, OH | 7 | $343,000 | 7.5% |
| 9 | First Home Bank | Saint Petersburg, FL | 5 | $107,000 | 8.1% |
| 10 | Newtek Small Business Finance | Lake Success, NY | 4 | $759,750 | 8.0% |
| 11 | Berkshire Bank | Pittsfield, MA | 4 | $412,000 | 7.9% |
| 12 | Opportunities CU | Winooski, VT | 4 | $111,500 | 5.5% |