Lending data
Who actually lends to wholesale businesses in Vermont?
21 SBA 7(a) loans went to wholesale businesses in Vermont recently, at a median of $105,000. Here are the lenders that made them, ranked.
21 SBA 7(a) loans went to wholesale businesses in Vermont in the most recent fiscal years. The median was $105,000 over 10 years. The most active lender was Community National Bank, with 6 loans.
What lending to wholesale 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 | Wholesale trade, Vermont | All 7(a) borrowers |
|---|---|---|
| Loans approved | 21 | 214,102 |
| Median loan | $105,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $452,500 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 8.50% | 10.25% |
| Share to startups | 19.0% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 3.5% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to wholesale 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 |
|---|---|---|---|---|
| Community National Bank | 6 | $50,000 | 50% | 8.12% |
| TD Bank | 5 | $200,000 | 0% | 9.50% |
| Vermont FCU | 2 | $91,500 | 0% | 8.75% |
| Beacon Bank and Trust | 2 | $2,292,500 | 0% | 8.25% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run smaller than average. The median of $105,000 is 30% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, so budget for a rate above the headline range.
- This is a hard market for new businesses. Only 19% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- One lender dominates. Community National Bank alone made 29% of these loans, and the top three made 62%. 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.
- Rates run lower here. The median initial rate of 8.50% is 1.75 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- This market has performed well. Its FY2010-2019 charge-off rate of 3.5% 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, 19.0% 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 |
|---|---|---|---|---|
| Community National Bank | 3 | $50,000 | 50% | 8.12% |
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, admin services, professional services
- Wholesale in comparable states: South Dakota, Mississippi, Maine, Arkansas, Delaware, Hawaii