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
6.0%
Active-status distress
#44
Rank, national volume
#3
Rank, loans per business

Every SBA 7(a) and 504 approval recorded for Vermont since 1991 sits in the public federal file. 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) approvals 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
See Vermont on the interactive map

Drill Vermont to the zip-code level, see its top lenders, and shade it by growth, dollars, or distress.

Explore Vermont on the map ↗

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

The paper

One useful thing for small business, every other Tuesday.

A tool, a fix, or a number from the public record worth knowing. Free, no selling, no list-sharing, unsubscribe in one click.