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County4th of 17 in Connecticut by approvalsFIPS 09140
SBA loans in Naugatuck 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.
Businesses in Naugatuck Valley Planning Region, Connecticut, received 366 SBA loan approvals worth $145M in FY2021 to FY2025 (326 7(a), 40 504).
That is 40.2 approvals per 1,000 business establishments (9,114 establishments in 2023), below the Connecticut figure of 48.8 and close to the national 41.0.
It ranks 4th of 17 Connecticut counties with approvals. In FY2025 there were 107, up 24% on FY2024.
50 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (76), TD Bank, National Association (52) and Webster Bank National Association (52). The most common industry was building equipment 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 Naugatuck Valley Planning Region
By number of approvals to businesses in the county, FY2021–FY2025; 50 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 76 | $7.3M | 20.8% | |
| 2 | TD Bank, National AssociationWilmington, DE | 52 | $10.7M | 14.2% | |
| 3 | Webster Bank National AssociationWaterbury, CT | 52 | $9.7M | 14.2% | |
| 4 | Community Investment CorporationHamden, CT · CDC | 21 | $15.7M | 5.7% | |
| 5 | New England Certified Development CorporationWakefield, MA · CDC | 18 | $22.9M | 4.9% | |
| 6 | Liberty BankMiddletown, CT | 18 | $12.2M | 4.9% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 12 | $17.6M | 3.3% | |
| 8 | KeyBank National AssociationCleveland, OH | 12 | $4.4M | 3.3% | |
| 9 | Thomaston Savings BankThomaston, CT | 8 | $1.6M | 2.2% | |
| 10 | Ion BankNaugatuck, CT | 8 | $1.3M | 2.2% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 8 | $1.2M | 2.2% | |
| 12 | Ives BankDanbury, CT | 7 | $2.2M | 1.9% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $1.5M | 1.9% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 5 | $2.0M | 1.4% | |
| 15 | Newtek Bank, National AssociationMiami, FL | 4 | $1.5M | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Equipment ContractorsNAICS 2382 | 30 | 8.2% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 21 | 5.7% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 17 | 4.6% | |
| 4 | Residential Building ConstructionNAICS 2361 | 16 | 4.4% | |
| 5 | Beer, Wine, and Liquor StoresNAICS 4453 | 15 | 4.1% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 13 | 3.6% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 13 | 3.6% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 9 | 2.5% | |
| 9 | General Freight TruckingNAICS 4841 | 8 | 2.2% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 8 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 65 | 17.8% | |
| 2 | Retail Trade | 62 | 16.9% | |
| 3 | Manufacturing | 43 | 11.7% | |
| 4 | Health Care and Social Assistance | 38 | 10.4% | |
| 5 | Other Services (except Public Administration) | 37 | 10.1% | |
| 6 | Accommodation and Food Services | 26 | 7.1% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 26 | 7.1% | |
| 8 | Professional, Scientific, and Technical Services | 19 | 5.2% |
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* | 84 | $41.4M | $150K | 10 | $9.9M | 94 | 784 |
| FY2025 | 100 | $35.7M | $100K | 7 | $8.5M | 107 | 566 |
| FY2024 | 76 | $20.4M | $99K | 10 | $5.8M | 86 | 716 |
| FY2023 | 62 | $16.2M | $98K | 11 | $11.6M | 73 | 661 |
| FY2022 | 43 | $16.0M | $120K | 8 | $8.2M | 51 | 536 |
| FY2021 | 45 | $17.5M | $200K | 4 | $5.1M | 49 | 392 |
| FY2020 | 27 | $9.9M | $150K | 4 | $2.0M | 31 | 346 |
| FY2019 | 32 | $6.9M | $104K | 4 | $1.1M | 36 | 196 |
| FY2018 | 24 | $9.5M | $190K | 7 | $5.1M | 31 | 178 |
| FY2017 | 18 | $11.3M | $214K | 1 | — | 19 | 250 |
| FY2016 | 9 | $4.1M | $150K | 3 | $1.7M | 12 | 104 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 129 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Naugatuck Valley Planning Region | Connecticut | United States |
|---|---|---|---|
| Approvals | 366 | 4,358 | 342,825 |
| Approvals per 1,000 establishments | 40.2 | 48.8 | 41.0 |
| Median 7(a) approval | $100K | $148K | $190K |
| Median 504 approval | $535K | $494K | $657K |
| Average approval | $396K | $435K | $573K |
| 504 share of approvals | 10.9% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 7.8 | 9.2 | 10.5 |
| Share of state approvals | 8.4% | 100.0% | — |
Approval sizes
- $50,000 or less28.7%105
- $50,001 to $150,00026.5%97
- $150,001 to $350,00020.5%75
- $350,001 to $1 million15.0%55
- $1 million to $2 million4.4%16
- Over $2 million4.9%18
Age of the businesses
- Existing, more than 2 years old66.9%245
- New business, 2 years or less15.3%56
- Startup, loan funds will open the business11.2%41
- Change of ownership6.3%23
- Not answered0.3%1
Questions and answers
Which lenders make the most SBA loans in Naugatuck Valley Planning Region?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (76), TD Bank, National Association (52), Webster Bank National Association (52), Community Investment Corporation (21), New England Certified Development Corporation (18). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Naugatuck Valley Planning Region?
The median 7(a) approval was $100K and the median 504 approval $535K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Naugatuck Valley Planning Region?
Building Equipment Contractors (30); Restaurants and Other Eating Places (21); Services to Buildings and Dwellings (17); Residential Building Construction (16); Beer, Wine, and Liquor Stores (15).
Is SBA lending in Naugatuck Valley Planning Region rising?
Approvals in the three latest complete fiscal years total 266, against 131 in the three before: rising (+103%).
How does Naugatuck Valley Planning Region compare with the rest of Connecticut?
40.2 approvals per 1,000 establishments against 48.8 statewide, and 366 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