Connecticut · Restaurants & Hotels
SBA loans for restaurants & hotels in Connecticut
1,371 loans worth $710.0M approved since FY2010 for accommodation and food services projects located in Connecticut.
Loans
1,371
Approved
$710.0M
Median loan
$188,000
-37% vs sector nationally
Median rate
6.75%
Jobs supported
20,908
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.
Lenders
Who lends to restaurants & hotels in Connecticut
| Lender | Loans | Approved | Share |
|---|---|---|---|
| New England Certified Development Corporation | 61 | $106.6M | |
| Community Investment Corporation | 85 | $63.6M | |
| Newtek Small Business Finance, Inc. | 45 | $38.5M | |
| Fulton Bank | 18 | $37.0M | |
| Webster Bank | 149 | $36.6M | |
| Hanover Community Bank | 13 | $30.3M | |
| Manufacturers and Traders Trust Company | 166 | $27.9M | |
| Celtic Bank Corporation | 26 | $22.2M |
Detail
Which industries inside the sector
All SBA lending in Connecticut
12,406 loans across every sector.
Restaurants & Hotels nationally
137,471 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to restaurants & hotels businesses in Connecticut?
- 1,371 SBA loans totalling $709,966,300 have been approved for accommodation and food services projects in Connecticut since FY2010.
- Which lenders finance restaurants & hotels in Connecticut?
- The most active by dollars approved are New England Certified Development Corporation, Community Investment Corporation, Newtek Small Business Finance, Inc., Fulton Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for restaurants & hotels in Connecticut?
- The median approval is $188,000, 37% below the national median for this sector ($300,000).
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