SHANE PIERSON · SBA DATA
SBA Lending by State · Vermont

SBA Lending in Vermont

Vermont is among the most SBA-saturated states, ranking #3 in loans per business.

8,647
Total SBA loans
$1.6B
Approved dollars
11.2
Loans per 1,000 businesses / yr
-36%
Growth, 2010s to 2020s
4.3%
Active-loan distress
#44
Rank, national volume
#3
Rank, loans per business

Every SBA 7(a) and 504 loan approved in Vermont since 1991 sits in the public federal record. Vermont accounts for 8,647 of them, worth $1.6B, split 8,033 under 7(a) and 614 under 504. Roughly 9% of 7(a) went to startups and new businesses.

Top industries funded in Vermont

  • Other1,681 loans · $274M
  • Retail1,371 loans · $219M
  • Manufacturing836 loans · $156M
  • Food & Lodging733 loans · $152M
  • Construction655 loans · $76M
  • Personal Services473 loans · $53M

Program mix

8,033
7(a) loans
614
504 loans
9%
To startups & new businesses
91%
To existing businesses
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Drill Vermont to the zip-code level, see its top lenders, and shade it by growth, dollars, or distress.

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Loan counts and dollars cover SBA 7(a) and 504, approved and not cancelled, gross basis. Growth, distress, per-business rates, industries, and startup share describe the 7(a) book. Approval is not funding. FOIA record as of March 31, 2026.