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County12th of 17 in Connecticut by approvalsFIPS 09150
SBA loans in Northeastern Connecticut 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 Northeastern Connecticut Planning Region, Connecticut, received 82 SBA loan approvals worth $30.8M in FY2021 to FY2025 (60 7(a), 22 504).
That is 46.8 approvals per 1,000 business establishments (1,751 establishments in 2023), close to the Connecticut figure of 48.8 and close to the national 41.0.
It ranks 12th of 17 Connecticut counties with approvals. In FY2025 there were 24, up 140% on FY2024.
29 lenders had approvals here; the most active were New England Certified Development Corporation (13), Jewett City Savings Bank (12) and Community Investment Corporation (8). 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 Northeastern Connecticut Planning Region
By number of approvals to businesses in the county, FY2021–FY2025; 29 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New England Certified Development CorporationWakefield, MA · CDC | 13 | $7.2M | 15.9% | |
| 2 | Jewett City Savings BankJewett City, CT | 12 | $2.7M | 14.6% | |
| 3 | Community Investment CorporationHamden, CT · CDC | 8 | $4.4M | 9.8% | |
| 4 | TD Bank, National AssociationWilmington, DE | 5 | $215K | 6.1% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 4 | $3.4M | 4.9% | |
| 6 | Beacon Bank and TrustBrookline, MA | 4 | $3.2M | 4.9% | |
| 7 | KeyBank National AssociationCleveland, OH | 4 | $90K | 4.9% | |
| 8 | Liberty BankMiddletown, CT | 3 | $185K | 3.7% | |
| 9 | Manufacturers and Traders Trust CompanyBuffalo, NY | 3 | $125K | 3.7% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 2.4% | |
| 11 | Rockland Trust CompanyRockland, MA | 2 | — | 2.4% | |
| 12 | BayFirst National BankSaint Petersburg, FL | 2 | — | 2.4% | |
| 13 | Newtek Bank, National AssociationMiami, FL | 2 | — | 2.4% | |
| 14 | Northeast BankLewiston, ME | 2 | — | 2.4% | |
| 15 | UniBank for SavingsWhitinsville, MA | 2 | — | 2.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 6.1% | |
| 2 | General Freight TruckingNAICS 4841 | 5 | 6.1% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 4 | 4.9% | |
| 4 | Personal Care ServicesNAICS 8121 | 4 | 4.9% | |
| 5 | Offices of PhysiciansNAICS 6211 | 3 | 3.7% | |
| 6 | Household and Institutional Furniture and Kitchen Cabinet ManufacturingNAICS 3371 | 3 | 3.7% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 3.7% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.7% | |
| 9 | Residential Building ConstructionNAICS 2361 | 3 | 3.7% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 3 | 3.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 19 | 23.2% | |
| 2 | Manufacturing | 10 | 12.2% | |
| 3 | Other Services (except Public Administration) | 9 | 11.0% | |
| 4 | Construction | 8 | 9.8% | |
| 5 | Health Care and Social Assistance | 7 | 8.5% | |
| 6 | Accommodation and Food Services | 7 | 8.5% | |
| 7 | Transportation and Warehousing | 5 | 6.1% | |
| 8 | Professional, Scientific, and Technical Services | 4 | 4.9% |
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* | 7 | $1.2M | $100K | 4 | $3.1M | 11 | 39 |
| FY2025 | 18 | $6.5M | $173K | 6 | $3.1M | 24 | 194 |
| FY2024 | 10 | $1.5M | $60K | 0 | — | 10 | 81 |
| FY2023 | 8 | $4.3M | $315K | 10 | $6.5M | 18 | 115 |
| FY2022 | 13 | $1.3M | $85K | 4 | $1.3M | 17 | 79 |
| FY2021 | 11 | $5.3M | $195K | 2 | — | 13 | 189 |
| FY2020 | 3 | $2.0M | $75K | 1 | — | 4 | 11 |
| FY2019 | 5 | $2.4M | $615K | 3 | $1.6M | 8 | 186 |
| FY2018 | 7 | $1.6M | $153K | 0 | — | 7 | 56 |
| FY2017 | 5 | $700K | $150K | 1 | — | 6 | 12 |
| FY2016 | 1 | — | — | 0 | — | 1 | 8 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 26 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Northeastern Connecticut Planning Region | Connecticut | United States |
|---|---|---|---|
| Approvals | 82 | 4,358 | 342,825 |
| Approvals per 1,000 establishments | 46.8 | 48.8 | 41.0 |
| Median 7(a) approval | $150K | $148K | $190K |
| Median 504 approval | $337K | $494K | $657K |
| Average approval | $376K | $435K | $573K |
| 504 share of approvals | 26.8% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 8.0 | 9.2 | 10.5 |
| Share of state approvals | 1.9% | 100.0% | — |
Approval sizes
- $50,000 or less19.5%16
- $50,001 to $150,00031.7%26
- $150,001 to $350,00023.2%19
- $350,001 to $1 million14.6%12
- $1 million to $2 million9.8%8
- Over $2 million1.2%1
Age of the businesses
- Existing, more than 2 years old70.7%58
- New business, 2 years or less13.4%11
- Startup, loan funds will open the business7.3%6
- Change of ownership8.5%7
Questions and answers
Which lenders make the most SBA loans in Northeastern Connecticut Planning Region?
By approvals in FY2021 to FY2025: New England Certified Development Corporation (13), Jewett City Savings Bank (12), Community Investment Corporation (8), TD Bank, National Association (5), Live Oak Banking Company (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Northeastern Connecticut Planning Region?
The median 7(a) approval was $150K and the median 504 approval $337K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Northeastern Connecticut Planning Region?
Restaurants and Other Eating Places (5); General Freight Trucking (5); Beer, Wine, and Liquor Stores (4); Personal Care Services (4); Offices of Physicians (3).
Is SBA lending in Northeastern Connecticut Planning Region rising?
Approvals in the three latest complete fiscal years total 52, against 34 in the three before: rising (+53%).
How does Northeastern Connecticut Planning Region compare with the rest of Connecticut?
46.8 approvals per 1,000 establishments against 48.8 statewide, and 82 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