SBA lender profile
Chelsea Groton Bank
Chelsea Groton Bank appears in the public SBA loan data with 79 funded 7(a) loans since FY2010, totaling $15.1M, an average of $192K per loan, and an estimated 592 jobs supported. Its SBA lending concentrates in Connecticut and the Other Services sector. Across its 7(a) loans, the charge-off rate is 1.3%. 22.8% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 78
- Scale 34
- Activity 0
- Consistency 73
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Chelsea Groton Bank the right lender for you?
Lenders fund what they know. Chelsea Groton Bank's SBA lending concentrates in Connecticut (77 loans) and Other Services (4 loans), at an average loan of $192K. If your business does not look like that, a different SBA lender is likely the better fit.
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Bank profile
via FDIC- Total assets
- $1.7B
- Headquarters
- Groton, CT
- FDIC cert
- #18238
- Status
- Active
Where Chelsea Groton Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Connecticut | 77 | $15.0M |
| Rhode Island | 2 | $147K |
What Chelsea Groton Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 4 | $3.5M |
| Health Care and Social Assistance | 9 | $1.8M |
| Construction | 6 | $1.7M |
| Accommodation and Food Services | 7 | $1.4M |
| Professional and Technical Services | 10 | $1.3M |
| Retail Trade | 13 | $1.3M |
Chelsea Groton Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 4 | $945K |
| 2011 | 9 | $1.3M |
| 2012 | 12 | $1.5M |
| 2013 | 8 | $2.2M |
| 2014 | 7 | $1.4M |
| 2015 | 4 | $615K |
| 2016 | 6 | $1.4M |
| 2017 | 12 | $1.4M |
| 2018 | 7 | $998K |
| 2019 | 4 | $513K |
| 2020 | 2 | $364K |
| 2021 | 1 | $2.0M |
| 2022 | 3 | $466K |
Related SBA lenders
Other lenders active in Connecticut or in Other Services.
Comparing lenders? See how to choose an SBA lender by track record.
Chelsea Groton Bank: frequently asked questions
Does Chelsea Groton Bank offer SBA loans?
Yes. Chelsea Groton Bank appears in the public SBA data with 79 funded SBA 7(a) loans totaling $15.1M.
How many SBA loans has Chelsea Groton Bank made?
Chelsea Groton Bank is associated with 79 SBA 7(a) loans totaling $15.1M in the public SBA data (as of 2026-03-31).
What is Chelsea Groton Bank's SBA charge-off rate?
About 1.3% of Chelsea Groton Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Chelsea Groton Bank do most of its SBA lending?
Chelsea Groton Bank's SBA lending in the data is most concentrated in Connecticut, and by industry in Other Services.
Is Chelsea Groton Bank an SBA Preferred Lender (PLP)?
The loan record shows Chelsea Groton Bank operating under PLP delegated authority: 18 of its 7(a) loans (22.8%) were processed through the Preferred Lenders Program. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Chelsea Groton Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/chelsea-groton-bank/
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