SBA Lenders in Vermont
Top lenders ranked by real SBA lending data. See who's most active in Vermont across deal count, loan size, and pricing.
What Borrowers Should Know
Vermont's median 7(a) spread of P+2.00% is 75 basis points below the national median of P+2.75%, meaning borrowers here pay significantly less interest on SBA loans. This competitive pricing likely reflects both the state's concentrated lender market (86 active lenders serving 2,709 deals) and strong competition among top players like Community National Bank and M&T, who together account for over 29% of all deals.
The average deal size of $243,379 suggests Vermont's SBA borrowers tend to need smaller loans than the national typical range. If you're planning a smaller expansion or acquisition under $250K, you'll find an established playbook here—but if you need $500K+, you may face less competition among lenders and potentially less favorable terms as you move outside the state's comfort zone.
Community National Bank dominates with 422 deals—more than 15% of Vermont's entire SBA portfolio—which signals deep expertise in the state's small business landscape but also means loan decisions may follow their house underwriting preferences. Diversifying your application across M&T (393 deals) or Union Bank (167 deals) could help you find a better fit if Community National's criteria don't align with your business profile.
Total SBA Loans
2,716
Active Lenders
84
Avg Deal Size
$242K
Total Volume
$657.3M
Top 10 Lenders in Vermont
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Community National Bank | Bank | 422 | $193K | P + 1.99%GOOD | |
| 2 | Manufacturers and Traders Trust Company | Bank | 393 | $189K | P + 2.00%GOOD | |
| 3 | Granite State Economic Develop | CDC/504 | 276 | $520K | — | |
| 4 | Union Bank | Bank | 167 | $127K | P + 2.00%GOOD | |
| 5 | EastRise Federal Credit Union | Bank | 130 | $80K | P + 1.60%GOOD | |
| 6 | Green Mountain CU | Bank | 127 | $88K | P + 2.75%AVERAGE | |
| 7 | Peoples Trust Company of St. Albans | Bank | 126 | $99K | P + 2.75%AVERAGE | |
| 8 | Bar Harbor Bank & Trust | Bank | 124 | $160K | P + 1.50%COMPETITIVE | |
| 9 | National Bank of Middlebury | Bank | 115 | $118K | P + 2.50%AVERAGE | |
| 10 | Heritage Family FCU | Bank | 107 | $109K | P + 1.25%COMPETITIVE |
Top Industries in Vermont
SBA lending activity by industry segment.