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County8th of 17 in Connecticut by approvalsFIPS 09009
SBA loans in New Haven 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 New Haven County, Connecticut, received 218 SBA loan approvals worth $89.4M in FY2021 to FY2025 (211 7(a), 7 504).
That is 11.3 approvals per 1,000 business establishments (19,249 establishments in 2021), below the Connecticut figure of 48.8 and below the national 41.0.
It ranks 8th of 17 Connecticut counties with approvals. In FY2025 there were 14, down 67% on FY2024.
43 lenders had approvals here; the most active were Webster Bank National Association (44), Manufacturers and Traders Trust Company (28) and TD Bank, National Association (25). 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 New Haven County
By number of approvals to businesses in the county, FY2021–FY2025; 43 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Webster Bank National AssociationWaterbury, CT | 44 | $12.7M | 20.2% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 28 | $3.5M | 12.8% | |
| 3 | TD Bank, National AssociationWilmington, DE | 25 | $3.4M | 11.5% | |
| 4 | Northeast BankLewiston, ME | 19 | $2.9M | 8.7% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 13 | $5.3M | 6.0% | |
| 6 | KeyBank National AssociationCleveland, OH | 13 | $1.9M | 6.0% | |
| 7 | Liberty BankMiddletown, CT | 10 | $1.1M | 4.6% | |
| 8 | Ion BankNaugatuck, CT | 5 | $6.9M | 2.3% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $3.0M | 2.3% | |
| 10 | Thomaston Savings BankThomaston, CT | 4 | $820K | 1.8% | |
| 11 | New England Certified Development CorporationWakefield, MA · CDC | 3 | $4.5M | 1.4% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $4.3M | 1.4% | |
| 13 | Community Investment CorporationHamden, CT · CDC | 3 | $3.1M | 1.4% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 3 | $2.0M | 1.4% | |
| 15 | Shoreham BankWarwick, RI | 2 | — | 0.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 20 | 9.2% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 5.0% | |
| 3 | General Freight TruckingNAICS 4841 | 11 | 5.0% | |
| 4 | Child Day Care ServicesNAICS 6244 | 9 | 4.1% | |
| 5 | Beer, Wine, and Liquor StoresNAICS 4453 | 8 | 3.7% | |
| 6 | Grocery StoresNAICS 4451 | 6 | 2.8% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 6 | 2.8% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 6 | 2.8% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 5 | 2.3% | |
| 10 | Traveler AccommodationNAICS 7211 | 4 | 1.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 29 | 13.3% | |
| 2 | Accommodation and Food Services | 28 | 12.8% | |
| 3 | Health Care and Social Assistance | 27 | 12.4% | |
| 4 | Other Services (except Public Administration) | 21 | 9.6% | |
| 5 | Construction | 20 | 9.2% | |
| 6 | Manufacturing | 18 | 8.3% | |
| 7 | Wholesale Trade | 16 | 7.3% | |
| 8 | Professional, Scientific, and Technical Services | 15 | 6.9% |
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* | 2 | — | — | 0 | — | 2 | 16 |
| FY2025 | 14 | $5.4M | $204K | 0 | — | 14 | 165 |
| FY2024 | 40 | $7.8M | $100K | 3 | $3.1M | 43 | 304 |
| FY2023 | 32 | $13.3M | $138K | 2 | — | 34 | 471 |
| FY2022 | 47 | $14.7M | $120K | 1 | — | 48 | 600 |
| FY2021 | 78 | $40.4M | $102K | 1 | — | 79 | 677 |
| FY2020 | 37 | $10.7M | $80K | 4 | $1.3M | 41 | 265 |
| FY2019 | 85 | $17.2M | $80K | 6 | $5.5M | 91 | 660 |
| FY2018 | 123 | $25.4M | $75K | 3 | $6.1M | 126 | 737 |
| FY2017 | 114 | $22.0M | $100K | 8 | $5.7M | 122 | 1,093 |
| FY2016 | 131 | $29.1M | $100K | 9 | $6.7M | 140 | 1,332 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 520 approvals.
Against Connecticut and the country
| FY2021–FY2025 | New Haven County | Connecticut | United States |
|---|---|---|---|
| Approvals | 218 | 4,358 | 342,825 |
| Approvals per 1,000 establishments (county: CBP 2021) | 11.3 | 48.8 | 41.0 |
| Median 7(a) approval | $125K | $148K | $190K |
| Median 504 approval | $698K | $494K | $657K |
| Average approval | $410K | $435K | $573K |
| 504 share of approvals | 3.2% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 10.2 | 9.2 | 10.5 |
| Share of state approvals | 5.0% | 100.0% | — |
Approval sizes
- $50,000 or less35.3%77
- $50,001 to $150,00021.6%47
- $150,001 to $350,00017.9%39
- $350,001 to $1 million14.2%31
- $1 million to $2 million6.0%13
- Over $2 million5.0%11
Age of the businesses
- Existing, more than 2 years old56.4%123
- New business, 2 years or less28.0%61
- Startup, loan funds will open the business8.3%18
- Change of ownership6.9%15
- Not answered0.5%1
Questions and answers
Which lenders make the most SBA loans in New Haven County?
By approvals in FY2021 to FY2025: Webster Bank National Association (44), Manufacturers and Traders Trust Company (28), TD Bank, National Association (25), Northeast Bank (19), Newtek Bank, National Association (13). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in New Haven County?
The median 7(a) approval was $125K and the median 504 approval $698K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in New Haven County?
Restaurants and Other Eating Places (20); Automotive Repair and Maintenance (11); General Freight Trucking (11); Child Day Care Services (9); Beer, Wine, and Liquor Stores (8).
Is SBA lending in New Haven County rising?
Approvals in the three latest complete fiscal years total 91, against 168 in the three before: falling (-46%).
How does New Haven County compare with the rest of Connecticut?
11.3 approvals per 1,000 establishments against 48.8 statewide, and 218 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