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County13th of 17 in Connecticut by approvalsFIPS 09007
SBA loans in Middlesex 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.
Businesses in Middlesex County, Connecticut, received 54 SBA loan approvals worth $28.7M in FY2021 to FY2025 (53 7(a), 1 504).
That is 12.8 approvals per 1,000 business establishments (4,208 establishments in 2021), below the Connecticut figure of 48.8 and below the national 41.0.
It ranks 13th of 17 Connecticut counties with approvals. In FY2025 there were 3, down 73% on FY2024.
20 lenders had approvals here; the most active were Liberty Bank (13), Newtek Bank, National Association (6) and TD Bank, National Association (6). The most common industry was child day care services.
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 Middlesex County
By number of approvals to businesses in the county, FY2021–FY2025; 20 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Liberty BankMiddletown, CT | 13 | $1.7M | 24.1% | |
| 2 | Newtek Bank, National AssociationMiami, FL | 6 | $2.5M | 11.1% | |
| 3 | TD Bank, National AssociationWilmington, DE | 6 | $836K | 11.1% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 4 | $1.3M | 7.4% | |
| 5 | Webster Bank National AssociationWaterbury, CT | 4 | $1.2M | 7.4% | |
| 6 | Byline BankChicago, IL | 3 | $4.8M | 5.6% | |
| 7 | Manufacturers and Traders Trust CompanyBuffalo, NY | 2 | — | 3.7% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 3.7% | |
| 9 | The Huntington National BankColumbus, OH | 2 | — | 3.7% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 3.7% | |
| 11 | SouthState Bank, National AssociationWinter Haven, FL | 1 | — | 1.9% | |
| 12 | Beacon Bank and TrustBrookline, MA | 1 | — | 1.9% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.9% | |
| 14 | New England Certified Development CorporationWakefield, MA · CDC | 1 | — | 1.9% | |
| 15 | Banc of CaliforniaLos Angeles, CA | 1 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Child Day Care ServicesNAICS 6244 | 6 | 11.1% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 4 | 7.4% | |
| 3 | Other Financial Investment ActivitiesNAICS 5239 | 3 | 5.6% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 5.6% | |
| 5 | Other Personal ServicesNAICS 8129 | 2 | 3.7% | |
| 6 | Rubber Product ManufacturingNAICS 3262 | 2 | 3.7% | |
| 7 | Legal ServicesNAICS 5411 | 2 | 3.7% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 2 | 3.7% | |
| 9 | Computer Systems Design and Related ServicesNAICS 5415 | 2 | 3.7% | |
| 10 | Business Support ServicesNAICS 5614 | 1 | 1.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 11 | 20.4% | |
| 2 | Manufacturing | 7 | 13.0% | |
| 3 | Professional, Scientific, and Technical Services | 6 | 11.1% | |
| 4 | Construction | 6 | 11.1% | |
| 5 | Finance and Insurance | 5 | 9.3% | |
| 6 | Retail Trade | 5 | 9.3% | |
| 7 | Other Services (except Public Administration) | 4 | 7.4% | |
| 8 | Accommodation and Food 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 | 2 | — | — | 1 | — | 3 | 16 |
| FY2024 | 11 | $4.2M | $200K | 0 | — | 11 | 408 |
| FY2023 | 8 | $1.9M | $200K | 0 | — | 8 | 85 |
| FY2022 | 11 | $7.1M | $200K | 0 | — | 11 | 209 |
| FY2021 | 21 | $7.7M | $150K | 0 | — | 21 | 227 |
| FY2020 | 12 | $1.5M | $50K | 2 | — | 14 | 56 |
| FY2019 | 30 | $10.6M | $100K | 0 | — | 30 | 108 |
| FY2018 | 23 | $5.7M | $100K | 2 | — | 25 | 157 |
| FY2017 | 32 | $7.7M | $100K | 4 | $1.9M | 36 | 235 |
| FY2016 | 27 | $3.1M | $75K | 2 | — | 29 | 187 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 134 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Middlesex County | Connecticut | United States |
|---|---|---|---|
| Approvals | 54 | 4,358 | 342,825 |
| Approvals per 1,000 establishments (county: CBP 2021) | 12.8 | 48.8 | 41.0 |
| Median 7(a) approval | $160K | $148K | $190K |
| Median 504 approval | — | $494K | $657K |
| Average approval | $532K | $435K | $573K |
| 504 share of approvals | 1.9% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 17.5 | 9.2 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less20.4%11
- $50,001 to $150,00027.8%15
- $150,001 to $350,00018.5%10
- $350,001 to $1 million24.1%13
- $1 million to $2 million1.9%1
- Over $2 million7.4%4
Age of the businesses
- Existing, more than 2 years old57.4%31
- New business, 2 years or less13.0%7
- Startup, loan funds will open the business16.7%9
- Change of ownership13.0%7
Questions and answers
Which lenders make the most SBA loans in Middlesex County?
By approvals in FY2021 to FY2025: Liberty Bank (13), Newtek Bank, National Association (6), TD Bank, National Association (6), Live Oak Banking Company (4), Webster Bank National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Middlesex County?
The median 7(a) approval was $160K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Middlesex County?
Child Day Care Services (6); Building Equipment Contractors (4); Other Financial Investment Activities (3); Restaurants and Other Eating Places (3); Other Personal Services (2).
Is SBA lending in Middlesex County rising?
Approvals in the three latest complete fiscal years total 22, against 46 in the three before: falling (-52%).
How does Middlesex County compare with the rest of Connecticut?
12.8 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