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County9th of 17 in Connecticut by approvalsFIPS 09130
SBA loans in Lower Connecticut River Valley 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 171 loans to businesses in Lower Connecticut River Valley Planning Region, Connecticut, in FY2021 to FY2025, worth $77.3M: 144 under 7(a) and 27 under 504.
That is 38.1 approvals per 1,000 business establishments (4,489 establishments in 2023), below the Connecticut figure of 48.8 and close to the national 41.0.
It ranks 9th of 17 Connecticut counties with approvals. In FY2025 there were 62, up 130% on FY2024.
32 lenders had approvals here; the most active were Liberty Bank (21), TD Bank, National Association (20) and Manufacturers and Traders Trust Company (20). 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 Lower Connecticut River Valley Planning Region
By number of approvals to businesses in the county, FY2021–FY2025; 32 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Liberty BankMiddletown, CT | 21 | $4.0M | 12.3% | |
| 2 | TD Bank, National AssociationWilmington, DE | 20 | $3.1M | 11.7% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 20 | $1.9M | 11.7% | |
| 4 | Webster Bank National AssociationWaterbury, CT | 18 | $4.7M | 10.5% | |
| 5 | Community Investment CorporationHamden, CT · CDC | 17 | $8.6M | 9.9% | |
| 6 | New England Certified Development CorporationWakefield, MA · CDC | 10 | $7.5M | 5.8% | |
| 7 | KeyBank National AssociationCleveland, OH | 9 | $2.2M | 5.3% | |
| 8 | Beacon Bank and TrustBrookline, MA | 6 | $7.1M | 3.5% | |
| 9 | Citizens Bank, National AssociationProvidence, RI | 6 | $3.4M | 3.5% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 5 | $3.6M | 2.9% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 4 | $565K | 2.3% | |
| 12 | Ion BankNaugatuck, CT | 3 | $2.0M | 1.8% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $1.3M | 1.8% | |
| 14 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $860K | 1.8% | |
| 15 | Newtek Bank, National AssociationMiami, FL | 3 | $460K | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 20 | 11.7% | |
| 2 | Personal Care ServicesNAICS 8121 | 8 | 4.7% | |
| 3 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 7 | 4.1% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 3.5% | |
| 5 | Residential Building ConstructionNAICS 2361 | 6 | 3.5% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 6 | 3.5% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 2.9% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 2.9% | |
| 9 | Outpatient Care CentersNAICS 6214 | 5 | 2.9% | |
| 10 | Child Day Care ServicesNAICS 6244 | 5 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 24 | 14.0% | |
| 2 | Health Care and Social Assistance | 22 | 12.9% | |
| 3 | Professional, Scientific, and Technical Services | 22 | 12.9% | |
| 4 | Accommodation and Food Services | 20 | 11.7% | |
| 5 | Retail Trade | 18 | 10.5% | |
| 6 | Other Services (except Public Administration) | 16 | 9.4% | |
| 7 | Manufacturing | 15 | 8.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 9 | 5.3% |
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* | 38 | $13.8M | $100K | 11 | $7.0M | 49 | 536 |
| FY2025 | 53 | $23.7M | $150K | 9 | $6.9M | 62 | 430 |
| FY2024 | 26 | $5.5M | $143K | 1 | — | 27 | 273 |
| FY2023 | 26 | $9.9M | $108K | 6 | $1.8M | 32 | 317 |
| FY2022 | 21 | $11.0M | $250K | 7 | $2.3M | 28 | 294 |
| FY2021 | 18 | $11.0M | $269K | 4 | $4.4M | 22 | 263 |
| FY2020 | 17 | $5.3M | $150K | 2 | — | 19 | 191 |
| FY2019 | 12 | $1.8M | $142K | 5 | $1.7M | 17 | 56 |
| FY2018 | 7 | $1.7M | $125K | 2 | — | 9 | 118 |
| FY2017 | 11 | $4.6M | $160K | 6 | $1.0M | 17 | 138 |
| FY2016 | 8 | $5.2M | $200K | 2 | — | 10 | 78 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 72 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Lower Connecticut River Valley Planning Region | Connecticut | United States |
|---|---|---|---|
| Approvals | 171 | 4,358 | 342,825 |
| Approvals per 1,000 establishments | 38.1 | 48.8 | 41.0 |
| Median 7(a) approval | $150K | $148K | $190K |
| Median 504 approval | $375K | $494K | $657K |
| Average approval | $452K | $435K | $573K |
| 504 share of approvals | 15.8% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 9.2 | 9.2 | 10.5 |
| Share of state approvals | 3.9% | 100.0% | — |
Approval sizes
- $50,000 or less21.1%36
- $50,001 to $150,00025.1%43
- $150,001 to $350,00025.7%44
- $350,001 to $1 million14.6%25
- $1 million to $2 million8.8%15
- Over $2 million4.7%8
Age of the businesses
- Existing, more than 2 years old66.7%114
- New business, 2 years or less14.0%24
- Startup, loan funds will open the business11.1%19
- Change of ownership8.2%14
Questions and answers
Which lenders make the most SBA loans in Lower Connecticut River Valley Planning Region?
By approvals in FY2021 to FY2025: Liberty Bank (21), TD Bank, National Association (20), Manufacturers and Traders Trust Company (20), Webster Bank National Association (18), Community Investment Corporation (17). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lower Connecticut River Valley Planning Region?
The median 7(a) approval was $150K and the median 504 approval $375K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Lower Connecticut River Valley Planning Region?
Restaurants and Other Eating Places (20); Personal Care Services (8); Management, Scientific, and Technical Consulting Services (7); Other Amusement and Recreation Industries (6); Residential Building Construction (6).
Is SBA lending in Lower Connecticut River Valley Planning Region rising?
Approvals in the three latest complete fiscal years total 121, against 69 in the three before: rising (+75%).
How does Lower Connecticut River Valley Planning Region compare with the rest of Connecticut?
38.1 approvals per 1,000 establishments against 48.8 statewide, and 171 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