Lending data
Who actually lends to administrative and support businesses in Vermont?
45 SBA 7(a) loans went to administrative and support businesses in Vermont recently, at a median of $47,500. Here are the lenders that made them, ranked.
45 SBA 7(a) loans went to administrative and support businesses in Vermont in the most recent fiscal years. The median was $47,500 over 10 years. The most active lender was TD Bank, with 13 loans.
What lending to administrative and support businesses in Vermont actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Administrative and support services, Vermont | All 7(a) borrowers |
|---|---|---|
| Loans approved | 45 | 214,102 |
| Median loan | $47,500 | $150,000 |
| 25th - 75th percentile | $25,000 - $80,250 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.00% | 10.25% |
| Share to startups | 26.7% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 2.2% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to administrative and support businesses in Vermont. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 13 | $25,000 | 31% | 11.50% |
| Manufacturers and Traders Trust Company | 8 | $25,000 | 0% | 13.00% |
| Heritage Family FCU | 4 | $92,750 | 75% | 8.62% |
| Bar Harbor Bank & Trust | 2 | $246,300 | 0% | 8.07% |
| North Country Federal Credit Union | 2 | $27,500 | 100% | 9.29% |
| Green Mountain CU | 2 | $59,250 | 0% | 4.47% |
| EastRise Federal Credit Union | 2 | $182,750 | 50% | 7.62% |
| Readycap Lending, LLC | 2 | $172,500 | 0% | 10.38% |
| Northeast Bank | 2 | $50,000 | 0% | 10.75% |
| Vermont FCU | 2 | $39,100 | 0% | 9.12% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run smaller than average. The median of $47,500 is 68% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, so budget for a rate above the headline range.
- Startup share is about average, at 27% against 34% nationally.
- One lender dominates. TD Bank alone made 29% of these loans, and the top three made 56%. That concentration usually means a lender with a dedicated program for this sector — worth starting there, but get a second quote so you know the terms are competitive.
- This market has performed well. Its FY2010-2019 charge-off rate of 2.2% is below the 7.1% overall figure, which is part of why lenders compete for it.
Which of them lend to new businesses
Of those loans, 26.7% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 4 | $25,000 | 31% | 11.50% |
| Heritage Family FCU | 3 | $92,750 | 75% | 8.62% |
| North Country Federal Credit Union | 2 | $27,500 | 100% | 9.29% |
| Beacon Bank and Trust | 2 | $2,107,500 | 100% | 9.50% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Vermont: construction, retail, restaurants and hotels, manufacturing, professional services, personal services
- Admin Services in comparable states: Arkansas, Montana, Hawaii, Delaware, New Mexico, Rhode Island