The Vermont District Office of the US Small Business Administration has reported that financing for the first five months of fiscal 2011 exceeded $35 million ($35,163,500). For the same period last year, the total was $30,008,647. The 504 Loan Program was $3,553,859 so far in 2011 and $4,487,583 last year.
SBA, MONTPELIER, VERMONT DO #0150
February 1, 2011 --February 28, 2011
LOAN VOLUME BY BANK BY NUMBER OF APPROVALS
Community National Bank
1
250,000
#504 loan
$$ 504 loan
Connecticut River National Bank
1
177,000
KeyBank National
1
25,000
Ledyard National Bank
1
450,000
Opportunities Credit Union
1
18,000
Passumpsic Saving Bank
1
28,000
Peoples Trust Co. -St Albans
1
10,100
Peoples United Bank
5
290,500
Union Bank
1
100,000
Vermont Federal Credit Union
1
50,000
1
400,000
Vermont State Employee Credit Union
2
600,000
SUBTOTAL
16
1,998,600
Granite State Economic Development Corp.
1
327,000
TOTAL
17
$2,325,600
SBA, MONTPELIER, VERMONT DO #0150
October 1, 2010 --February 28, 2011
LOAN VOLUME BY BANK BY NUMBER OF APPROVALS
##
$$
# 504 loan
$$ 504 loan
Bank of Bennington
3
160,000
Bank of LasVegas
1
1,200,000
Berkshire Bank
1
150,500
1
625,000
Brattleboro Savings & Loan
1
50,000
CIT Bank
2
802,748
Community National Bank
18
4,842,300
Connecticut River Bank National
3
517,000
First Colebrook Bank
1
75,000
Greenfield Savings Bank
2
120,000
Heritage Family Federal Credit Union
4
270,000
Hoosac Bank
1
40,000
KeyBank National
6
502,000
Lake Sunapee Bank
7
4,098,000
1
275,000
Ledyard National Bank
1
450,000
Live Oak Banking
2
1,400,000
Merchants Bank
3
211,400
1
361,111
National Bank of Middlebury
8
642,500
Northfield Savings Bank
1
465,000
Opportunities Credit Union
1
18,000
Passumpsic Saving Bank
11
573,100
Peoples Trust Co-St Albans
4
192,600
Peoples United Bank
36
8,432,900
Randolph National Bank
2
320,000
TD Bank
5
1,680,100
US Bank National Association
2
939,300
Union Bank
4
639,200
Vermont Federal Credit Union
12
1,823,700
1
400,000
Vermont State Employees Credit Union
6
1,822,900
1
625,000
Woodsville Guaranty Savings Bank
4
1,309,000
SUBTOTAL
149
32,479,500
Granite State Economic Development Corp.
6
1,866,000
Vermont 504 Corp. (VEDA)
2
818,000
TOTAL
157
$35,163,500
8
$3,553,859