26 SBA loans worth $15.8M went to businesses in Norwich, CT between October 2021 and June 2026, from 12 lenders. Manufacturers and Traders Trust made the most, 6 loans. The median loan was $145,000, compared with $150,000 across Connecticut, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 6 | $393K | $42,500 | 33% |
| 2 | Community Investment Certified development company · Hamden, CT | 5 | $4.2M | $249,000 | 40% |
| 3 | Webster Bank Bank · Stamford, CT | 3 | $3.3M | $200,000 | 67% |
| 4 | New England Certified Development Certified development company · Wakefield, MA | 2 | $4.7M | $2,334,000 | 0% |
| 5 | Newtek Bank Bank · Miami, FL | 2 | $400K | $200,000 | 50% |
| 6 | TD Bank Bank · Wilmington, DE | 2 | $55K | $27,500 | 50% |
| 7 | Ascend Bank Bank · Guilford, CT | 1 | $1.7M | $1,674,000 | 0% |
| 8 | TowneBank Bank · Portsmouth, VA | 1 | $496K | $495,900 | 0% |
| 9 | Citizens Bank Bank · Elizabethton, TN | 1 | $296K | $296,500 | 100% |
| 10 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $150K | $150,000 | 100% |
| 11 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $110K | $110,000 | 0% |
| 12 | Community Investment Non-bank lender · Hamden, CT | 1 | $65K | $65,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 6 | $200,000 | Newtek Bank | |
| Retail | 4 | $130,000 | Manufacturers and Traders Trust | |
| Construction | 3 | $25,000 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 3 | $175,000 | Manufacturers and Traders Trust | |
| Arts, entertainment and recreation | 2 | $344,000 | Lendistry SBLC | |
| Administrative and support services | 2 | $1,557,500 | Webster Bank | |
| Transportation and warehousing | 2 | $57,500 | Manufacturers and Traders Trust | |
| Health care and social assistance | 2 | $192,500 | New England Certified Development |