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County7th of 17 in Connecticut by approvalsFIPS 09003
SBA loans in Hartford 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 299 loans to businesses in Hartford County, Connecticut, in FY2021 to FY2025, worth $112M: 286 under 7(a) and 13 under 504.
That is 13.3 approvals per 1,000 business establishments (22,541 establishments in 2021), below the Connecticut figure of 48.8 and below the national 41.0.
It ranks 7th of 17 Connecticut counties with approvals. In FY2025 there were 19, down 71% on FY2024.
50 lenders had approvals here; the most active were Webster Bank National Association (45), Manufacturers and Traders Trust Company (38) and TD Bank, National Association (32). 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 Hartford County
By number of approvals to businesses in the county, FY2021–FY2025; 50 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Webster Bank National AssociationWaterbury, CT | 45 | $13.2M | 15.1% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 38 | $9.8M | 12.7% | |
| 3 | TD Bank, National AssociationWilmington, DE | 32 | $2.2M | 10.7% | |
| 4 | KeyBank National AssociationCleveland, OH | 20 | $6.3M | 6.7% | |
| 5 | Liberty BankMiddletown, CT | 18 | $2.8M | 6.0% | |
| 6 | The Huntington National BankColumbus, OH | 17 | $5.4M | 5.7% | |
| 7 | Northeast BankLewiston, ME | 14 | $1.4M | 4.7% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 13 | $10.4M | 4.3% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 10 | $4.9M | 3.3% | |
| 10 | Bank of America, National AssociationCharlotte, NC | 7 | $2.5M | 2.3% | |
| 11 | New England Certified Development CorporationWakefield, MA · CDC | 6 | $2.9M | 2.0% | |
| 12 | Live Oak Banking CompanyWilmington, NC | 5 | $6.4M | 1.7% | |
| 13 | CIBC Bank USAChicago, IL | 5 | $4.2M | 1.7% | |
| 14 | Bay Colony Development CorporationWaltham, MA · CDC | 5 | $2.8M | 1.7% | |
| 15 | NBT Bank, National AssociationNorwich, NY | 5 | $1.5M | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 26 | 8.7% | |
| 2 | Personal Care ServicesNAICS 8121 | 14 | 4.7% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 13 | 4.3% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 11 | 3.7% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 10 | 3.3% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 9 | 3.0% | |
| 7 | General Freight TruckingNAICS 4841 | 9 | 3.0% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 3.0% | |
| 9 | Child Day Care ServicesNAICS 6244 | 8 | 2.7% | |
| 10 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 7 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 41 | 13.7% | |
| 2 | Other Services (except Public Administration) | 32 | 10.7% | |
| 3 | Accommodation and Food Services | 31 | 10.4% | |
| 4 | Health Care and Social Assistance | 30 | 10.0% | |
| 5 | Retail Trade | 29 | 9.7% | |
| 6 | Professional, Scientific, and Technical Services | 24 | 8.0% | |
| 7 | Manufacturing | 22 | 7.4% | |
| 8 | Wholesale Trade | 19 | 6.4% |
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* | 0 | — | — | 0 | — | 0 | 0 |
| FY2025 | 18 | $8.6M | $175K | 1 | — | 19 | 277 |
| FY2024 | 62 | $22.5M | $150K | 3 | $1.0M | 65 | 538 |
| FY2023 | 55 | $18.4M | $150K | 2 | — | 57 | 746 |
| FY2022 | 62 | $14.5M | $125K | 4 | $1.7M | 66 | 829 |
| FY2021 | 89 | $42.4M | $160K | 3 | $949K | 92 | 1,318 |
| FY2020 | 51 | $19.0M | $150K | 3 | $1.3M | 54 | 687 |
| FY2019 | 113 | $33.6M | $80K | 4 | $4.4M | 117 | 933 |
| FY2018 | 154 | $22.3M | $70K | 8 | $3.8M | 162 | 1,229 |
| FY2017 | 165 | $25.4M | $100K | 9 | $5.5M | 174 | 1,071 |
| FY2016 | 184 | $43.5M | $100K | 4 | $962K | 188 | 1,629 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 695 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Hartford County | Connecticut | United States |
|---|---|---|---|
| Approvals | 299 | 4,358 | 342,825 |
| Approvals per 1,000 establishments (county: CBP 2021) | 13.3 | 48.8 | 41.0 |
| Median 7(a) approval | $150K | $148K | $190K |
| Median 504 approval | $330K | $494K | $657K |
| Average approval | $376K | $435K | $573K |
| 504 share of approvals | 4.3% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 12.4 | 9.2 | 10.5 |
| Share of state approvals | 6.9% | 100.0% | — |
Approval sizes
- $50,000 or less31.1%93
- $50,001 to $150,00019.4%58
- $150,001 to $350,00024.1%72
- $350,001 to $1 million14.4%43
- $1 million to $2 million8.0%24
- Over $2 million3.0%9
Age of the businesses
- Existing, more than 2 years old59.2%177
- New business, 2 years or less16.4%49
- Startup, loan funds will open the business18.7%56
- Change of ownership5.0%15
- Not answered0.7%2
Questions and answers
Which lenders make the most SBA loans in Hartford County?
By approvals in FY2021 to FY2025: Webster Bank National Association (45), Manufacturers and Traders Trust Company (38), TD Bank, National Association (32), KeyBank National Association (20), Liberty Bank (18). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hartford County?
The median 7(a) approval was $150K and the median 504 approval $330K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Hartford County?
Restaurants and Other Eating Places (26); Personal Care Services (14); Services to Buildings and Dwellings (13); Building Equipment Contractors (11); Other Specialty Trade Contractors (10).
Is SBA lending in Hartford County rising?
Approvals in the three latest complete fiscal years total 141, against 212 in the three before: falling (-33%).
How does Hartford County compare with the rest of Connecticut?
13.3 approvals per 1,000 establishments against 48.8 statewide, and 299 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