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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
An SBA 7(a) lender for loans this size
The median SBA loan approved for restaurants & hotels in Connecticut since FY2010 was $188,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
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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