# Buying a Business in Vermont: SBA Lending

Change-of-ownership SBA 7(a) approvals in Vermont, FY2020 through FY2025. Every figure is read from SBA 7(a) FOIA loan-level dataset (as of June 30, 2026).

Also on this site: https://searchspheresource.com/guides/states/vermont.md
Also on this site: https://searchspheresource.com/data/acquisition-lending
Source: https://searchspheresource.com/data/acquisition-lending/vermont
Last checked: 2026-10-02

## The Numbers

- Loans since FY2020: 70, $52,460,100 approved in total
- FY2025 loans: 16, $10,706,500 approved
- Median loan: $269,150
- Share of national acquisition lending: 0.2%

## The Most Active Lenders in Vermont

Ranked by change-of-ownership loans written in the covered years. A bank high here is a bank that has already said yes to this kind of deal in this state.

1. Heritage Family FCU: 6 loans
2. Vermont 504 Corporation: 5 loans
3. Beacon Bank and Trust: 5 loans
4. Live Oak Banking Company: 5 loans
5. United Midwest Savings Bank National Association: 4 loans

## What Gets Financed in Vermont

- Limited-Service Restaurants: 6 loans
- Offices of Chiropractors: 5 loans
- Funeral Homes and Funeral Services: 5 loans
- Hotels (except Casino Hotels) and Motels: 4 loans
- Offices of Physical, Occupational and Speech Therapists, and Audiologists: 3 loans

## Method and Source

- SBA 7(a) FOIA loan-level dataset (as of June 30, 2026): https://data.sba.gov/dataset/7a-504-foia
- Coverage: FY2020 through FY2025
- Segment: SBA 7(a) approvals with BusinessAge "Change of Ownership"

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