SBA Lenders in Vermont
15 active SBA lenders · 543 loans approved · $84.1M total volume
All SBA Lenders in Vermont
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Community National Bank | DERBY | 174 | $34.8M | $200K | ⭐ |
| Heritage Family FCU | Rutland | 64 | $6.9M | $108K | — |
| Union Bank | MORRISVILLE | 54 | $4.0M | $74K | ⭐ |
| EastRise Federal Credit Union | Williston | 54 | $4.0M | $74K | — |
| Vermont 504 Corporation | Montpelier | 42 | $5.6M | $133K | ⭐ |
| North Country Federal Credit Union | SOUTH BURLINGTON | 41 | $2.6M | $63K | — |
| Peoples Trust Company of St. Albans | SAINT ALBANS | 26 | $2.2M | $84K | — |
| Vermont FCU | BURLINGTON | 25 | $2.6M | $102K | — |
| The Bank of Bennington | BENNINGTON | 18 | $1.6M | $91K | — |
| National Bank of Middlebury | MIDDLEBURY | 13 | $2.8M | $219K | ⭐ |
| Ledyard National Bank | Norwich | 8 | $10.9M | $1.4M | ⭐ |
| Vermont Community Loan Fund, Inc. | Montpelier | 8 | $774K | $97K | — |
| Green Mountain CU | SOUTH BURLINGTON | 8 | $471K | $59K | — |
| Passumpsic Savings Bank | SAINT JOHNSBURY | 5 | $498K | $100K | ⭐ |
| Northfield Savings Bank | NORTHFIELD | 3 | $4.3M | $1.4M | — |
Finding an SBA Lender in Vermont
There are currently 15 SBA-approved lenders headquartered in Vermont, ranging from national banks to local community lenders. Together they have approved 543 SBA 7(a) loans totaling $84.1M since 2020.
Of these, 6 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Vermont
How many SBA lenders are in Vermont?
There are currently 15 SBA-approved lenders headquartered in Vermont. Together they have approved 543 SBA 7(a) loans totaling $84.1M since 2020. Of these, 6 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Vermont?
An SBA Preferred Lender (PLP) in Vermont is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Vermont currently has 6 Preferred Lenders.
How do I choose the best SBA lender in Vermont?
When choosing an SBA lender in Vermont, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 15 Vermont lenders so you can compare objectively.
How long does SBA loan approval take in Vermont?
With an SBA Preferred Lender in Vermont, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.