SBA lending by state
SBA Lending in Connecticut
In Connecticut, SBA lenders funded 12,145 7(a) and 504 loans since FY2010, totaling $4.5B, an average of $373K per loan. The most active lender is Manufacturers and Traders Trust Company, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Connecticut
Ranked by SBA loans funded in Connecticut since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Connecticut loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Connecticut shows “not reported,” never 0%.
See the full Connecticut ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 1,884 | $287.5M | $153K | 3.45% |
| 2 | Webster Bank National Association | 1,428 | $422.9M | $296K | 1.89% |
| 3 | TD Bank, National Association | 986 | $162.4M | $165K | 7.51% |
| 4 | Community Investment Corporation | 711 | $383.2M | $539K | 6.02% |
| 5 | Liberty Bank | 639 | $97.6M | $153K | 2.50% |
| 6 | KeyBank National Association | 487 | $145.4M | $299K | 2.26% |
| 7 | New England Certified Development Corporation | 461 | $367.8M | $798K | not reported |
| 8 | Beacon Bank and Trust | 393 | $139.1M | $354K | 4.58% |
| 9 | Wells Fargo Bank National Association | 325 | $112.3M | $346K | 6.15% |
| 10 | Newtek Small Business Finance, Inc. | 273 | $224.6M | $823K | 2.20% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Connecticut
An SBA 504 project in Connecticut pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Connecticut, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Community Investment Corporation | 628 | $371.5M |
| New England Certified Development Corporation | 461 | $367.8M |
| Housatonic Industrial Development Corporation | 55 | $35.6M |
| Bay Colony Development Corporation | 48 | $40.0M |
| Ocean State Business Development Authority | 15 | $13.2M |
| Granite State Economic Development Corporation | 7 | $18.0M |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Connecticut
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 1,337 | $688.9M |
| Retail Trade | 1,735 | $626.1M |
| Manufacturing | 1,071 | $537.0M |
| Health Care and Social Assistance | 1,202 | $492.0M |
| Construction | 1,644 | $377.0M |
| Other Services | 1,161 | $349.8M |
| Professional and Technical Services | 1,099 | $331.5M |
| Wholesale Trade | 514 | $241.5M |
Top cities for SBA loans in Connecticut
Where SBA 7(a) and 504 borrowers in Connecticut are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Stamford | 386 | $167.5M |
| Norwalk | 345 | $161.9M |
| Danbury | 331 | $141.6M |
| Milford | 247 | $114.1M |
| New Haven | 322 | $106.7M |
| Bridgeport | 270 | $98.2M |
| Hartford | 268 | $93.0M |
| Branford | 159 | $80.8M |
SBA lending in Connecticut by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 628 | $160.2M |
| 2011 | 693 | $223.5M |
| 2012 | 577 | $184.8M |
| 2013 | 572 | $223.0M |
| 2014 | 586 | $220.6M |
| 2015 | 699 | $238.3M |
| 2016 | 743 | $237.4M |
| 2017 | 767 | $240.7M |
| 2018 | 807 | $249.6M |
| 2019 | 726 | $260.3M |
| 2020 | 517 | $205.5M |
| 2021 | 718 | $366.4M |
| 2022 | 741 | $305.8M |
| 2023 | 834 | $362.3M |
| 2024 | 975 | $381.7M |
| 2025 | 1,090 | $479.5M |
| 2026 | 472 | $191.5M |
SBA lending in Connecticut: frequently asked questions
How much SBA lending is there in Connecticut?
SBA lenders funded 12,145 7(a) and 504 loans totaling $4.5B in Connecticut in the public SBA data (as of 2026-03-31), an average of $373K per loan.
Who is the most active SBA lender in Connecticut?
Manufacturers and Traders Trust Company is the most active SBA lender in Connecticut in the public data, by loans funded.
What industries get the most SBA loans in Connecticut?
The most-funded industry for SBA loans in Connecticut is Accommodation and Food Services.
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