4,368 SBA loans worth $1.8B went to Connecticut businesses between October 2021 and June 2026, from 154 lenders. Manufacturers and Traders Trust made the most 7(a) loans, 843 or 21% of the state's total, and the ten most active lenders made 71%. The median 7(a) loan was $120,000, below the national median of $158,000. Construction was the most financed industry, at 16% of loans. Annual loan count rose 31% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 843 | $91.4M | $50,000 | 32% | Construction |
| 2 | Webster Bank Bank · Stamford, CT | 508 | $166.5M | $150,000 | 21% | Retail |
| 3 | TD Bank Bank · Wilmington, DE | 441 | $56.8M | $50,000 | 34% | Construction |
| 4 | Newtek Bank Bank · Miami, FL | 193 | $90.0M | $250,000 | 25% | Health care and social assistance |
| 5 | Liberty Bank Bank · Middletown, CT | 192 | $40.2M | $100,000 | 39% | Construction |
| 6 | KeyBank Bank · Cleveland, OH | 152 | $21.6M | $32,500 | 67% | Construction |
| 7 | Northeast Bank Bank · Portland, ME | 141 | $20.8M | $105,000 | 8% | Construction |
| 8 | Live Oak Banking Bank · Wilmington, NC | 115 | $161.9M | $870,000 | 28% | Health care and social assistance |
| 9 | Huntington National Bank Bank · Columbus, OH | 105 | $34.4M | $217,000 | 72% | Construction |
| 10 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 98 | $41.2M | $170,000 | 22% | Construction |
| 11 | BayFirst National Bank Bank · St. Petersburg, FL | 90 | $14.5M | $150,000 | 2% | Construction |
| 12 | Beacon Bank and Trust Bank · Boston, MA | 61 | $64.9M | $500,000 | 25% | Manufacturing |
| 13 | Celtic Bank Bank · Salt Lake City, UT | 60 | $63.4M | $441,500 | 18% | Retail |
| 14 | Ives Bank Bank · Danbury, CT | 60 | $25.6M | $250,000 | 25% | Other services (repair, personal care) |
| 15 | Bank of America Bank · Charlotte, NC | 49 | $24.0M | $350,000 | 24% | Professional and technical services |
| 16 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 46 | $30.1M | $340,500 | 9% | Restaurants and hotels |
| 17 | JPMorgan Chase Bank Bank · Columbus, OH | 46 | $10.3M | $150,000 | 7% | Construction |
| 18 | Connecticut Community Bank Bank · Norwalk, CT | 40 | $28.0M | $481,450 | 25% | Restaurants and hotels |
| 19 | Wells Fargo Bank Bank · Sioux Falls, SD | 39 | $9.9M | $25,000 | 85% | Retail |
| 20 | United Midwest Savings Bank Bank · Degraff, OH | 32 | $9.8M | $150,000 | 81% | Construction |
| 21 | Newtown Savings Bank Bank · Newtown, CT | 30 | $10.4M | $212,950 | 43% | Manufacturing |
| 22 | Citizens Bank Bank · Providence, RI | 28 | $15.4M | $275,000 | 57% | Professional and technical services |
| 23 | Ion Bank Bank · Naugatuck, CT | 26 | $14.9M | $303,750 | 38% | Health care and social assistance |
| 24 | Community Investment Non-bank lender · Hamden, CT | 23 | $4.3M | $160,000 | 70% | Restaurants and hotels |
| 25 | First Bank of the Lake Bank · Osage Beach, MO | 22 | $7.3M | $244,550 | 45% | Health care and social assistance |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Community Investment Hamden, CT | 203 | $149.1M | $477,000 |
| 2 | New England Certified Development Wakefield, MA | 201 | $196.3M | $510,000 |
| 3 | Bay Colony Development Waltham, MA | 13 | $15.9M | $617,000 |
| 4 | Housatonic Industrial Development Danbury, CT | 8 | $6.1M | $525,500 |
| 5 | Ocean State Business Development Authority Warwick, RI | 4 | $1.5M | $435,000 |
| 6 | Granite State Economic Development Portsmouth, NH | 2 | $8.0M | $3,992,500 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 679 | $115,000 | Manufacturers and Traders Trust | |
| Retail | 568 | $144,000 | Manufacturers and Traders Trust | |
| Restaurants and hotels | 501 | $190,000 | Manufacturers and Traders Trust | |
| Health care and social assistance | 454 | $150,000 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 435 | $100,000 | Manufacturers and Traders Trust | |
| Professional and technical services | 361 | $145,000 | Manufacturers and Traders Trust | |
| Manufacturing | 310 | $305,500 | Manufacturers and Traders Trust | |
| Administrative and support services | 275 | $100,000 | Manufacturers and Traders Trust | |
| Wholesale trade | 168 | $250,000 | Manufacturers and Traders Trust | |
| Transportation and warehousing | 163 | $50,000 | TD Bank | |
| Arts, entertainment and recreation | 152 | $158,750 | Manufacturers and Traders Trust | |
| Real estate and rental | 104 | $150,000 | Manufacturers and Traders Trust |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Stamford | 161 | $89.8M | $200,000 | Manufacturers and Traders Trust |
| New Haven | 154 | $57.6M | $127,500 | Manufacturers and Traders Trust |
| Norwalk | 144 | $67.6M | $102,500 | Manufacturers and Traders Trust |
| Bridgeport | 136 | $36.7M | $100,000 | Manufacturers and Traders Trust |
| Hartford | 130 | $37.3M | $117,500 | Manufacturers and Traders Trust |
| Danbury | 114 | $58.5M | $181,000 | Manufacturers and Traders Trust |
| Fairfield | 93 | $29.8M | $125,000 | Manufacturers and Traders Trust |
| Milford | 88 | $37.1M | $150,000 | Manufacturers and Traders Trust |
| Waterbury | 86 | $45.1M | $150,000 | TD Bank |
| Stratford | 84 | $29.4M | $100,000 | Manufacturers and Traders Trust |
| West Hartford | 83 | $29.5M | $155,000 | Manufacturers and Traders Trust |
| Hamden | 82 | $24.6M | $100,000 | Manufacturers and Traders Trust |
| Shelton | 76 | $31.2M | $130,000 | Manufacturers and Traders Trust |
| Manchester | 75 | $36.0M | $150,000 | Manufacturers and Traders Trust |
| Glastonbury | 74 | $44.2M | $237,500 | Manufacturers and Traders Trust |
58 Connecticut cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.