SBA data · Connecticut
SBA lending in Connecticut
12,406 loans worth $4.63B have been approved for Connecticut projects since FY2010 - the #27 state by SBA dollars, 0.9% of the national total.
State rank
#27
by dollars approved
Approved
$4.63B
FY2010 onward
Loans
12,406
Median loan
$150,000
-17% vs national
Median 7(a) rate
6.75%
Jobs supported
115,362
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Connecticut
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in CT | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Webster Bank | $425.9M | 1,444 | $294,916 | |
| 2 | Community Investment Corporation | $397.1M | 728 | $545,431 | |
| 3 | New England Certified Development Corporation | $383.3M | 472 | $812,127 | |
| 4 | Live Oak Banking Company | $304.5M | 250 | $1,218,116 | |
| 5 | Manufacturers and Traders Trust Company | $294.7M | 1,973 | $149,374 | |
| 6 | Newtek Small Business Finance, Inc. | $224.6M | 273 | $822,544 | |
| 7 | TD Bank | $167.3M | 998 | $167,590 | |
| 8 | KeyBank | $147.4M | 488 | $302,075 | |
| 9 | Beacon Bank and Trust | $142.7M | 396 | $360,240 | |
| 10 | Celtic Bank Corporation | $134.2M | 178 | $754,126 | |
| 11 | Wells Fargo Bank | $112.3M | 327 | $343,551 | |
| 12 | Liberty Bank | $100.3M | 656 | $152,924 |
By sector in Connecticut
- Restaurants & Hotels1,371 · $710.0M
- Health Care1,223 · $498.4M
- Retail1,217 · $486.6M
- Construction1,685 · $386.0M
- Other Services1,192 · $359.7M
- Professional Services1,122 · $336.0M
- Wholesale524 · $243.6M
- Administrative & Waste747 · $195.6M
- Arts & Recreation409 · $190.8M
- Real Estate302 · $152.2M
- Manufacturing262 · $112.3M
- Finance & Insurance245 · $99.4M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Connecticut. The final bar is a partial fiscal year.
Loan sizes in Connecticut
- Under $50K20%
- $50K - $150K30%
- $150K - $350K23%
- $350K - $1M17%
- $1M - $2M6%
- Over $2M4%
SBA lending in Connecticut: common questions
- How many SBA loans are approved in Connecticut?
- 12,406 SBA 7(a) and 504 loans totalling $4,626,839,100 have been approved for projects in Connecticut since fiscal year 2010, ranking it #27 among states and territories by dollars approved - 0.9% of all SBA lending nationally.
- Which lenders make the most SBA loans in Connecticut?
- By dollars approved in Connecticut, the most active lenders are Webster Bank, Community Investment Corporation, New England Certified Development Corporation, Live Oak Banking Company, Manufacturers and Traders Trust Company. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Connecticut?
- The median gross approval in Connecticut is $150,000, 17% below the national median of $180,000. Half of all loans in the state fall between $25,000 and $964,000.
- Do I need to use a lender based in Connecticut?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Connecticut, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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