Top SBA Lenders in Vermont
The 27 most active SBA 7(a) lenders in Vermont, ranked by number of loans. Data comes directly from SBA FOIA records covering every approved 7(a) loan from 2021 through 2026.
Explore the full dataset →Why your SBA lender matters
Not every SBA lender will work your deal. Lenders specialize by industry, deal size, and loan purpose, and their approval, funding, and default patterns vary significantly from institution to institution. Matching your deal to a lender with the right historical activity in your market gives you a better shot at a clean, predictable close.
| # | Lender | Loans | Total Volume | Avg Loan | Funded % | Default % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 147 | $20.8M | $142K | 78.2% | 1.7% |
| 2 | Community National Bank | 132 | $25.7M | $194K | 93.9% | 0.0% |
| 3 | Manufacturers and Traders Trust Company | 124 | $10.2M | $82K | 71.0% | 1.1% |
| 4 | Heritage Family FCU | 60 | $6.9M | $114K | 95.0% | 3.5% |
| 5 | EastRise Federal Credit Union | 50 | $3.9M | $77K | 94.0% | 2.1% |
| 6 | North Country Federal Credit Union | 31 | $1.9M | $62K | 90.3% | 0.0% |
| 6 | KeyBank National Association | 31 | $7.1M | $228K | 71.0% | 0.0% |
| 8 | Peoples Trust Company of St. Albans | 27 | $2.6M | $98K | 92.6% | 0.0% |
| 9 | Vermont FCU | 26 | $2.6M | $99K | 96.2% | 0.0% |
| 10 | Northeast Bank | 25 | $2.8M | $113K | 32.0% | 0.0% |
| 11 | Union Bank | 22 | $1.6M | $73K | 95.5% | 0.0% |
| 12 | Live Oak Banking Company | 21 | $20.6M | $982K | 90.5% | 0.0% |
| 13 | Bar Harbor Bank & Trust | 19 | $2.5M | $133K | 94.7% | 0.0% |
| 14 | The Huntington National Bank | 15 | $7.6M | $504K | 73.3% | 0.0% |
| 14 | Vermont 504 Corporation | 15 | $2.8M | $187K | 100.0% | 0.0% |
| 16 | The Bank of Bennington | 13 | $997K | $77K | 100.0% | 7.7% |
| 16 | Mascoma Bank | 13 | $2.4M | $186K | 84.6% | 0.0% |
| 16 | Beacon Bank and Trust | 13 | $19.9M | $1.5M | 76.9% | 0.0% |
| 19 | SBA CLSC Servicing | 12 | $1.3M | $112K | 66.7% | 0.0% |
| 20 | Newtek Bank, National Association | 10 | $8.4M | $838K | 50.0% | 0.0% |
| 20 | National Bank of Middlebury | 10 | $2.3M | $233K | 90.0% | 0.0% |
| 22 | NBT Bank, National Association | 9 | $12.6M | $1.4M | 66.7% | 0.0% |
| 22 | BayFirst National Bank | 9 | $972K | $108K | 100.0% | 0.0% |
| 24 | Community Bank, National Association | 8 | $791K | $99K | 75.0% | 0.0% |
| 24 | Newtek Small Business Finance, LLC | 8 | $3.1M | $387K | 25.0% | 0.0% |
| 24 | Vermont Community Loan Fund, Inc. | 8 | $960K | $120K | 75.0% | 16.7% |
| 24 | Green Mountain CU | 8 | $737K | $92K | 87.5% | 0.0% |
Source: SBA FOIA 7(a) loan-level data, FY2021–FY2026. Lenders with fewer than 3 approved loans in Vermont during this period are excluded. Funded % = approved loans that were funded. Default % = SBA-purchased loans divided by funded loans. Rankings are by total loan count.
How to read this table
Funded % is the share of approved loans that actually closed. A lender with a high approval rate but low funded rate may be approving deals they later back out of, which is a sign of a disorganized process or shifting appetite.
Default % is the share of funded loans that the SBA had to purchase (the borrower stopped paying). A high default rate isn't automatically disqualifying (some lenders specialize in riskier deals), but it affects how cautious their underwriting is likely to be.
Loan count vs. total volume tell different stories. A lender at the top by loan count may specialize in smaller deals; a lender with fewer but larger loans may only work with mid-market acquisitions. Match your deal size to their typical range.
Volume rankings show who's historically active in Vermont. They don't tell you who's actively lending right now or who has the right appetite for your specific industry and deal structure. That's where we come in.
Top SBA lending cities in Vermont
Also see lenders in
Looking for an SBA lender in Vermont?
We know which lenders on this list are actively funding deals right now, and which ones are the right fit for your industry and loan size. Pre-qualify and we'll find your match (free to borrowers).