SBA lender profile
Chelsea Groton Bank
Chelsea Groton Bank appears in the public SBA loan data with 6 funded 7(a) loans totaling $2.9M, an average of $476K per loan, and an estimated 60 jobs supported. Its SBA lending concentrates in Connecticut and the Other Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
6
Total volume
$2.9M
Average loan size
$476K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
60
Programs
7(a)
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 | 6 | $2.9M |
What Chelsea Groton Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 1 | $2.0M |
| Retail Trade | 3 | $564K |
| Manufacturing | 1 | $191K |
| Arts, Entertainment, Recreation | 1 | $75K |
Chelsea Groton Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $364K |
| 2021 | 1 | $2.0M |
| 2022 | 3 | $466K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Chelsea Groton Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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