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County5th of 17 in Connecticut by approvalsFIPS 09001
SBA loans in Fairfield County, 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 315 loans to businesses in Fairfield County, Connecticut, in FY2021 to FY2025, worth $147M: 302 under 7(a) and 13 under 504.
That is 11.7 approvals per 1,000 business establishments (26,915 establishments in 2021), below the Connecticut figure of 48.8 and below the national 41.0.
It ranks 5th of 17 Connecticut counties with approvals. In FY2025 there were 34, down 37% on FY2024.
43 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (64), Webster Bank National Association (45) and TD Bank, National Association (28). 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 Fairfield County
By number of approvals to businesses in the county, FY2021–FY2025; 43 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 64 | $15.7M | 20.3% | |
| 2 | Webster Bank National AssociationWaterbury, CT | 45 | $19.2M | 14.3% | |
| 3 | TD Bank, National AssociationWilmington, DE | 28 | $2.3M | 8.9% | |
| 4 | The Huntington National BankColumbus, OH | 24 | $7.7M | 7.6% | |
| 5 | Northeast BankLewiston, ME | 22 | $3.5M | 7.0% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 15 | $8.7M | 4.8% | |
| 7 | New England Certified Development CorporationWakefield, MA · CDC | 12 | $6.6M | 3.8% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 10 | $10.3M | 3.2% | |
| 9 | Connecticut Community Bank, National AssociationNorwalk, CT | 9 | $4.3M | 2.9% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 7 | $6.1M | 2.2% | |
| 11 | Ives BankDanbury, CT | 7 | $1.5M | 2.2% | |
| 12 | KeyBank National AssociationCleveland, OH | 7 | $395K | 2.2% | |
| 13 | Bank of America, National AssociationCharlotte, NC | 6 | $2.4M | 1.9% | |
| 14 | JPMorgan Chase Bank, National AssociationColumbus, OH | 6 | $2.1M | 1.9% | |
| 15 | Newtown Savings BankNewtown, CT | 6 | $2.0M | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 37 | 11.7% | |
| 2 | Residential Building ConstructionNAICS 2361 | 13 | 4.1% | |
| 3 | Building Finishing ContractorsNAICS 2383 | 13 | 4.1% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 12 | 3.8% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 12 | 3.8% | |
| 6 | Beer, Wine, and Liquor StoresNAICS 4453 | 11 | 3.5% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 11 | 3.5% | |
| 8 | Personal Care ServicesNAICS 8121 | 10 | 3.2% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 9 | 2.9% | |
| 10 | Nonresidential Building ConstructionNAICS 2362 | 9 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 59 | 18.7% | |
| 2 | Retail Trade | 43 | 13.7% | |
| 3 | Accommodation and Food Services | 41 | 13.0% | |
| 4 | Professional, Scientific, and Technical Services | 34 | 10.8% | |
| 5 | Health Care and Social Assistance | 27 | 8.6% | |
| 6 | Other Services (except Public Administration) | 27 | 8.6% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 17 | 5.4% | |
| 8 | Arts, Entertainment, and Recreation | 13 | 4.1% |
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* | 0 | — | — | 0 | — | 0 | 0 |
| FY2025 | 34 | $8.6M | $200K | 0 | — | 34 | 251 |
| FY2024 | 53 | $39.2M | $200K | 1 | — | 54 | 543 |
| FY2023 | 62 | $29.1M | $150K | 4 | $2.0M | 66 | 586 |
| FY2022 | 80 | $27.8M | $175K | 5 | $3.1M | 85 | 934 |
| FY2021 | 73 | $30.7M | $250K | 3 | $5.8M | 76 | 731 |
| FY2020 | 62 | $15.0M | $100K | 6 | $4.0M | 68 | 432 |
| FY2019 | 120 | $34.4M | $100K | 3 | $719K | 123 | 1,090 |
| FY2018 | 123 | $47.0M | $125K | 6 | $2.4M | 129 | 1,204 |
| FY2017 | 119 | $38.3M | $100K | 5 | $2.1M | 124 | 1,347 |
| FY2016 | 131 | $35.3M | $100K | 6 | $5.6M | 137 | 1,207 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 581 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Fairfield County | Connecticut | United States |
|---|---|---|---|
| Approvals | 315 | 4,358 | 342,825 |
| Approvals per 1,000 establishments (county: CBP 2021) | 11.7 | 48.8 | 41.0 |
| Median 7(a) approval | $200K | $148K | $190K |
| Median 504 approval | $510K | $494K | $657K |
| Average approval | $467K | $435K | $573K |
| 504 share of approvals | 4.1% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 9.7 | 9.2 | 10.5 |
| Share of state approvals | 7.2% | 100.0% | — |
Approval sizes
- $50,000 or less26.7%84
- $50,001 to $150,00019.0%60
- $150,001 to $350,00020.3%64
- $350,001 to $1 million22.9%72
- $1 million to $2 million6.3%20
- Over $2 million4.8%15
Age of the businesses
- Existing, more than 2 years old58.4%184
- New business, 2 years or less19.0%60
- Startup, loan funds will open the business17.1%54
- Change of ownership5.4%17
Questions and answers
Which lenders make the most SBA loans in Fairfield County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (64), Webster Bank National Association (45), TD Bank, National Association (28), The Huntington National Bank (24), Northeast Bank (22). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Fairfield County?
The median 7(a) approval was $200K and the median 504 approval $510K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Fairfield County?
Restaurants and Other Eating Places (37); Residential Building Construction (13); Building Finishing Contractors (13); Building Equipment Contractors (12); Other Amusement and Recreation Industries (12).
Is SBA lending in Fairfield County rising?
Approvals in the three latest complete fiscal years total 154, against 229 in the three before: falling (-33%).
How does Fairfield County compare with the rest of Connecticut?
11.7 approvals per 1,000 establishments against 48.8 statewide, and 315 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