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County1st of 17 in Connecticut by approvalsFIPS 09110
SBA loans in Capitol Planning Region, Connecticut
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 905 loans to businesses in Capitol Planning Region, Connecticut, in FY2021 to FY2025, worth $398M: 816 under 7(a) and 89 under 504.
That is 38.3 approvals per 1,000 business establishments (23,642 establishments in 2023), below the Connecticut figure of 48.8 and close to the national 41.0.
It ranks 1st of 17 Connecticut counties with approvals. In FY2025 there were 275, up 30% on FY2024.
81 lenders had approvals here; the most active were Webster Bank National Association (143), Manufacturers and Traders Trust Company (128) and TD Bank, National Association (95). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Capitol Planning Region
By number of approvals to businesses in the county, FY2021–FY2025; 81 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Webster Bank National AssociationWaterbury, CT | 143 | $42.8M | 15.8% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 128 | $15.0M | 14.1% | |
| 3 | TD Bank, National AssociationWilmington, DE | 95 | $10.4M | 10.5% | |
| 4 | Liberty BankMiddletown, CT | 72 | $13.6M | 8.0% | |
| 5 | KeyBank National AssociationCleveland, OH | 52 | $8.3M | 5.7% | |
| 6 | New England Certified Development CorporationWakefield, MA · CDC | 48 | $32.3M | 5.3% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 31 | $17.2M | 3.4% | |
| 8 | Community Investment CorporationHamden, CT · CDC | 30 | $26.6M | 3.3% | |
| 9 | Beacon Bank and TrustBrookline, MA | 23 | $13.6M | 2.5% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 21 | $41.7M | 2.3% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 15 | $9.8M | 1.7% | |
| 12 | The Huntington National BankColumbus, OH | 14 | $3.5M | 1.5% | |
| 13 | Northeast BankLewiston, ME | 14 | $2.5M | 1.5% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 14 | $1.6M | 1.5% | |
| 15 | Bank of America, National AssociationCharlotte, NC | 13 | $6.8M | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 73 | 8.1% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 38 | 4.2% | |
| 3 | Personal Care ServicesNAICS 8121 | 36 | 4.0% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 34 | 3.8% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 27 | 3.0% | |
| 6 | General Freight TruckingNAICS 4841 | 27 | 3.0% | |
| 7 | Residential Building ConstructionNAICS 2361 | 27 | 3.0% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 26 | 2.9% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 26 | 2.9% | |
| 10 | Offices of PhysiciansNAICS 6211 | 20 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 121 | 13.4% | |
| 2 | Construction | 115 | 12.7% | |
| 3 | Retail Trade | 101 | 11.2% | |
| 4 | Other Services (except Public Administration) | 97 | 10.7% | |
| 5 | Accommodation and Food Services | 91 | 10.1% | |
| 6 | Professional, Scientific, and Technical Services | 78 | 8.6% | |
| 7 | Manufacturing | 67 | 7.4% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 67 | 7.4% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 178 | $48.0M | $96K | 19 | $15.6M | 197 | 1,354 |
| FY2025 | 258 | $105M | $118K | 17 | $28.8M | 275 | 2,589 |
| FY2024 | 198 | $81.4M | $133K | 13 | $6.5M | 211 | 2,560 |
| FY2023 | 161 | $74.6M | $100K | 20 | $9.5M | 181 | 2,094 |
| FY2022 | 121 | $37.9M | $100K | 18 | $11.3M | 139 | 1,176 |
| FY2021 | 78 | $29.5M | $192K | 21 | $14.0M | 99 | 1,010 |
| FY2020 | 62 | $25.6M | $150K | 16 | $7.4M | 78 | 736 |
| FY2019 | 70 | $27.0M | $213K | 12 | $7.9M | 82 | 902 |
| FY2018 | 64 | $17.6M | $100K | 10 | $7.4M | 74 | 554 |
| FY2017 | 62 | $25.2M | $125K | 9 | $7.5M | 71 | 747 |
| FY2016 | 36 | $18.2M | $210K | 7 | $3.1M | 43 | 425 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 348 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Capitol Planning Region | Connecticut | United States |
|---|---|---|---|
| Approvals | 905 | 4,358 | 342,825 |
| Approvals per 1,000 establishments | 38.3 | 48.8 | 41.0 |
| Median 7(a) approval | $112K | $148K | $190K |
| Median 504 approval | $453K | $494K | $657K |
| Average approval | $440K | $435K | $573K |
| 504 share of approvals | 9.8% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 10.4 | 9.2 | 10.5 |
| Share of state approvals | 20.8% | 100.0% | — |
Approval sizes
- $50,000 or less29.3%265
- $50,001 to $150,00024.5%222
- $150,001 to $350,00017.6%159
- $350,001 to $1 million18.2%165
- $1 million to $2 million5.5%50
- Over $2 million4.9%44
Age of the businesses
- Existing, more than 2 years old62.3%564
- New business, 2 years or less18.0%163
- Startup, loan funds will open the business13.8%125
- Change of ownership5.9%53
Questions and answers
Which lenders make the most SBA loans in Capitol Planning Region?
By approvals in FY2021 to FY2025: Webster Bank National Association (143), Manufacturers and Traders Trust Company (128), TD Bank, National Association (95), Liberty Bank (72), KeyBank National Association (52). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Capitol Planning Region?
The median 7(a) approval was $112K and the median 504 approval $453K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Capitol Planning Region?
Restaurants and Other Eating Places (73); Services to Buildings and Dwellings (38); Personal Care Services (36); Offices of Other Health Practitioners (34); Other Amusement and Recreation Industries (27).
Is SBA lending in Capitol Planning Region rising?
Approvals in the three latest complete fiscal years total 667, against 316 in the three before: rising (+111%).
How does Capitol Planning Region compare with the rest of Connecticut?
38.3 approvals per 1,000 establishments against 48.8 statewide, and 905 of the state's 4,358 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error