SBA by industry · VT
SBA lenders for construction trades in Vermont
21 lenders made 88 SBA loans to construction trades in Vermont in the 36 months ending September 30, 2026. TD Bank, National Association made the most, with 28. The typical loan was about $50K.
- Evidence
- SBA 7(a) and 504 loans to construction trades in Vermont, NAICS 23
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 21
- SBA FOIA,
- SBA loans, 36 months
- 88
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $19.1M
- SBA FOIA,
- Last 12 months
- 27
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for construction trades in Vermont, https://lender.report/sba-lenders-for/construction-trades/vermont/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| TD Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 28 | $1.79M | 28 | 0 | 14 |
| Manufacturers and Traders Trust Company SBA 7(a) record | Bank | Buffalo, NY | 25 | $1.44M | 25 | 0 | 8 |
| Community National Bank SBA 7(a) record | Bank | Derby, VT | 7 | $995K | 6 | 1 | 1 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 4 | $65.0K | 4 | 0 | 0 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 3 | $395K | 3 | 0 | 0 |
| Heritage Family Credit Union SBA 7(a) record | Credit union | Rutland, VT | 3 | $211K | 3 | 0 | 0 |
| NBT Bank, National Association SBA 7(a) record | Bank | Norwich, NY | 2 | $4.80M | 2 | 0 | 2 |
| First Bank of the Lake SBA 7(a) record | Bank | Osage Beach, MO | 2 | $4.52M | 2 | 0 | 0 |
| Bar Harbor Bank & Trust SBA 7(a) record | Bank | Bar Harbor, ME | 2 | $185K | 2 | 0 | 0 |
| Northfield Savings Bank SBA 7(a) record | Savings | Northfield, VT | 1 | $1.70M | 1 | 0 | 0 |
| Truliant Credit Union SBA 7(a) record | Credit union | Winston Salem, NC | 1 | $1.20M | 1 | 0 | 1 |
| Bank of America, National Association SBA 7(a) record | Bank | Charlotte, NC | 1 | $360K | 1 | 0 | 0 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 1 | $350K | 1 | 0 | 0 |
| City National Bank of Florida SBA 7(a) record | Bank | Miami, FL | 1 | $320K | 1 | 0 | 0 |
| Eastrise Credit Union SBA 7(a) record | Credit union | Williston, VT | 1 | $180K | 1 | 0 | 0 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 1 | $150K | 1 | 0 | 0 |
| SmartBiz Bank, National Association SBA 7(a) record | Bank | Northbrook, IL | 1 | $150K | 1 | 0 | 0 |
| Mascoma Bank | Bank | Lebanon, NH | 1 | $100K | 1 | 0 | 0 |
| Union Bank | Bank | Morrisville, VT | 1 | $75.0K | 1 | 0 | 0 |
| North Country Credit Union SBA 7(a) record | Credit union | Burlington, VT | 1 | $50.0K | 1 | 0 | 0 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 1 | $50.0K | 1 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Residential Remodelers | 17 |
| Site Preparation Contractors | 11 |
| New Single-Family Housing Construction (except For-Sale Builders) | 10 |
| Electrical Contractors and Other Wiring Installation Contractors | 9 |
| Plumbing, Heating, and Air-Conditioning Contractors | 8 |
| All Other Specialty Trade Contractors | 7 |
| Finish Carpentry Contractors | 6 |
| Flooring Contractors | 3 |
| Painting and Wall Covering Contractors | 3 |
| Poured Concrete Foundation and Structure Contractors | 3 |
| Loan size | Loans |
|---|---|
| Under $150K | 67 |
| $150K to $350K | 12 |
| $350K to $1M | 5 |
| $1M to $2.5M | 2 |
| $2.5M or more | 2 |
- SBA lenders recorded 88 loans to construction trades totaling $19.1M in Vermont in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $50K, with the middle half between $25K and $140K. SBA FOIA,
- 87 were SBA 7(a) loans and 1 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.50% on 87 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 81 of the loans, credit unions 6, and non-banks 1. SBA FOIA,
- The five most active lenders made 76.1% of the loans. SBA FOIA,
- The three most active lenders were TD Bank, National Association with 28, Manufacturers and Traders Trust Company with 25, and Community National Bank with 7. SBA FOIA,
- 67 of the loans were under $150K, and 4 were $1M or more. SBA FOIA,
- The SBA file shows 27 approvals of these loans dated in the 12 months to September 30, 2026, versus 36 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 6 of the 21 lenders are based in Vermont. The rest are based elsewhere, most often in North Carolina, Florida and New York. SBA FOIA,
- The most common detailed industry in Vermont was Residential Remodelers, with 17 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to construction trades in Vermont
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Vermont, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 23.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. Lenders that merged or stopped filing are left out.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.