SBA Lenders Actively Funding Businesses in Vermont

Since 2020, 109 different SBA lenders have approved1,458 loans for businesses in Vermont. The table below ranks the most active by loans actually made in the state, not by advertising budget. A lender headquartered elsewhere that funds heavily in Vermontbeats a local name that rarely writes SBA loans.

Most active SBA lenders in Vermont

Lender	VT loans since 2020	Median loan	Median rate
Granite State Economic Development Corporation	228	$301K	n/a
TD Bank, National Association	134	$50K	10.55%
Manufacturers and Traders Trust Company	117	$50K	10.49%
KeyBank National Association	29	$100K	9.24%
Live Oak Banking Company	20	$785K	8.35%
The Huntington National Bank	16	$95K	9.5%
Beacon Bank and Trust	13	$645K	8.25%
Bay Colony Development Corporation	12	$343K	n/a
BayFirst National Bank	10	$150K	12.25%
New England Certified Development Corporation	10	$418K	n/a
KeyBank National Association	9	$625K	n/a
Northeast Bank	8	$103K	10.75%
Celtic Bank Corporation	7	$150K	10.25%
Newtek Bank, National Association	6	$200K	11.25%
Readycap Lending, LLC	6	$150K	11.25%
United Midwest Savings Bank National Association	5	$150K	9.75%
Byline Bank	5	$800K	9.5%
Citizens Bank, National Association	4	$350K	8%
JPMorgan Chase Bank, National Association	3	$185K	10.65%
SouthState Bank, National Association	3	$350K	9%
Bank of America, National Association	2	$332K	6.5%
First Bank of the Lake	2	$373K	10.25%
Bank Five Nine	2	$416K	9%
Stearns Bank National Association	2	$225K	9%
Banc of California	2	$1.1M	5.5%

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Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records. Loan counts reflect projects located in Vermont. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.