The Vermont office of the US Small Business Association has released loan volume numbers for December 2011 and for the first quarter of the fiscal year (October 1 to December 31). Volume and value were down from the same period last year. The December 2011 total was 25 loans for $6.7 million (55 for $18.6 last year) and for the quarter were 63 loans for $11.3 million (120 for $30.8 million in 2010).
SBA, MONTPELIER, VERMONT DO #0150
December 1, 2011 --December 31, 2011
LOAN VOLUME BY BANK BY NUMBER OF APPROVALS
#
$$
# 504 loan
$$ 504 loan
Bank of Bennington
2
35,000
Borrego Savings Bank
1
600,000
Citizens National Bank
2
55,000
1
87,000
Mascoma Savings
1
2,654,000
Merchants Bank
2
392,500
National Bank of Middlebury
1
50,000
New England Federal Credit Union
1
285,000
North Country Federal Credit Union
3
449,000
Northfield Savings Bank
1
1,082,500
Peoples United Bank
3
348,000
TD Bank
2
62,200
Vermont State Employees Credit Union
4
407,400
Woodsville Guaranty Trust
1
475,000
SUBTOTAL
18
2,006,600
Bay Colony Development Corp.
1
74,000
Granite State Economic Development
4
1,027,000
Vermont Economic Development (VEDA)
2
3,554,000
TOTAL
25
$6,661,600
7
$4,976,000
December 2010 TOTAL
55
$18,646,700
3
$1,261,111
SBA, MONTPELIER, VERMONT DO #0150
October 1, 2011 --December 31, 2011
LOAN VOLUME BY BANK BY NUMBER OF APPROVALS
Bank of Bennington
2
35,000
Borrego Springs Bank
1
600,000
Citizens National Bank
4
255,000
1
87,000
Community National Bank
5
452,500
Connecticut River Bank
1
13,000
KeyBank National
1
20,000
Mascoma Savings
2
3,904,000
Merchants Bank
1
150,000
3
839,500
National Bank of Middlebury
3
460,000
New England Federal Credit Union
1
285,000
North Country Federal Credit Union
7
657,000
Northfield Savings Bank
1
1,082,500
Opportunities Credit Union
4
385,500
Peoples Trust Co-St Albans
1
45,000
Peoples United Bank
7
1,084,000
1
177,000
TD Bank
3
387,200
Union Bank
2
370,800
Vermont Federal Credit Union
1
15,000
Vermont State Employees Credit Union
10
614,400
Woodsville Guaranty Trust
1
475,000
SUBTOTAL
53
5,544,400
Bay Colony Development Corp.
1
74,000
Granite State Economic Development Corp.
7
2,350,000
Vermont Economic Development (VEDA)
2
3,554,000
TOTAL
63
$11,522,400
10
$6,850,000
Oct-Dec 2010 TOTAL
120
$30,807,100
7
$3,153,859