States › Connecticut › Litchfield County
County14th of 17 in Connecticut by approvalsFIPS 09005
SBA loans in Litchfield 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 54 loans to businesses in Litchfield County, Connecticut, in FY2021 to FY2025, worth $26.7M: 48 under 7(a) and 6 under 504.
That is 11.5 approvals per 1,000 business establishments (4,681 establishments in 2021), below the Connecticut figure of 48.8 and below the national 41.0.
It ranks 14th of 17 Connecticut counties with approvals. In FY2025 there were 6.
22 lenders had approvals here; the most active were Webster Bank National Association (15), KeyBank National Association (4) and TD Bank, National Association (4). The most common industry was other specialty trade contractors.
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 Litchfield County
By number of approvals to businesses in the county, FY2021–FY2025; 22 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Webster Bank National AssociationWaterbury, CT | 15 | $7.0M | 27.8% | |
| 2 | KeyBank National AssociationCleveland, OH | 4 | $5.0M | 7.4% | |
| 3 | TD Bank, National AssociationWilmington, DE | 4 | $691K | 7.4% | |
| 4 | Thomaston Savings BankThomaston, CT | 3 | $1.1M | 5.6% | |
| 5 | New England Certified Development CorporationWakefield, MA · CDC | 3 | $383K | 5.6% | |
| 6 | Manufacturers and Traders Trust CompanyBuffalo, NY | 3 | $230K | 5.6% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 2 | — | 3.7% | |
| 8 | Bay Colony Development CorporationWaltham, MA · CDC | 2 | — | 3.7% | |
| 9 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 3.7% | |
| 10 | Torrington Savings BankTorrington, CT | 2 | — | 3.7% | |
| 11 | The Huntington National BankColumbus, OH | 2 | — | 3.7% | |
| 12 | Community Investment CorporationHamden, CT | 2 | — | 3.7% | |
| 13 | Community Investment CorporationHamden, CT · CDC | 1 | — | 1.9% | |
| 14 | Pathward National AssociationSioux Falls, SD | 1 | — | 1.9% | |
| 15 | Bank Five NineOconomowoc, WI | 1 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 6 | 11.1% | |
| 2 | Residential Building ConstructionNAICS 2361 | 4 | 7.4% | |
| 3 | Lessors of Real EstateNAICS 5311 | 3 | 5.6% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 5.6% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 2 | 3.7% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 2 | 3.7% | |
| 7 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 2 | 3.7% | |
| 8 | Coating, Engraving, Heat Treating, and Allied ActivitiesNAICS 3328 | 2 | 3.7% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.7% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 2 | 3.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 17 | 31.5% | |
| 2 | Retail Trade | 7 | 13.0% | |
| 3 | Manufacturing | 7 | 13.0% | |
| 4 | Other Services (except Public Administration) | 4 | 7.4% | |
| 5 | Real Estate and Rental and Leasing | 3 | 5.6% | |
| 6 | Arts, Entertainment, and Recreation | 3 | 5.6% | |
| 7 | Professional, Scientific, and Technical Services | 3 | 5.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 3 | 5.6% |
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 | 4 | $889K | $170K | 2 | — | 6 | 24 |
| FY2024 | 8 | $5.1M | $188K | 0 | — | 8 | 97 |
| FY2023 | 8 | $3.7M | $230K | 0 | — | 8 | 66 |
| FY2022 | 9 | $3.1M | $120K | 1 | — | 10 | 40 |
| FY2021 | 19 | $8.4M | $213K | 3 | $2.2M | 22 | 111 |
| FY2020 | 12 | $4.5M | $100K | 1 | — | 13 | 38 |
| FY2019 | 22 | $6.2M | $131K | 1 | — | 23 | 239 |
| FY2018 | 28 | $3.5M | $100K | 1 | — | 29 | 239 |
| FY2017 | 35 | $7.0M | $100K | 1 | — | 36 | 185 |
| FY2016 | 43 | $7.1M | $75K | 0 | — | 43 | 193 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 144 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Litchfield County | Connecticut | United States |
|---|---|---|---|
| Approvals | 54 | 4,358 | 342,825 |
| Approvals per 1,000 establishments (county: CBP 2021) | 11.5 | 48.8 | 41.0 |
| Median 7(a) approval | $207K | $148K | $190K |
| Median 504 approval | $309K | $494K | $657K |
| Average approval | $494K | $435K | $573K |
| 504 share of approvals | 11.1% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 6.3 | 9.2 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less18.5%10
- $50,001 to $150,00024.1%13
- $150,001 to $350,00027.8%15
- $350,001 to $1 million16.7%9
- $1 million to $2 million7.4%4
- Over $2 million5.6%3
Age of the businesses
- Existing, more than 2 years old57.4%31
- New business, 2 years or less18.5%10
- Startup, loan funds will open the business24.1%13
Questions and answers
Which lenders make the most SBA loans in Litchfield County?
By approvals in FY2021 to FY2025: Webster Bank National Association (15), KeyBank National Association (4), TD Bank, National Association (4), Thomaston Savings Bank (3), New England Certified Development Corporation (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Litchfield County?
The median 7(a) approval was $207K and the median 504 approval $309K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Litchfield County?
Other Specialty Trade Contractors (6); Residential Building Construction (4); Lessors of Real Estate (3); Other Amusement and Recreation Industries (3); Building Finishing Contractors (2).
Is SBA lending in Litchfield County rising?
Approvals in the three latest complete fiscal years total 22, against 45 in the three before: falling (-51%).
How does Litchfield County compare with the rest of Connecticut?
11.5 approvals per 1,000 establishments against 48.8 statewide, and 54 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