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County11th of 17 in Connecticut by approvalsFIPS 09160
SBA loans in Northwest Hills 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 Northwest Hills Planning Region, Connecticut, received 101 SBA loan approvals worth $36.4M in FY2021 to FY2025 (95 7(a), 6 504).
That is 34.7 approvals per 1,000 business establishments (2,909 establishments in 2023), below the Connecticut figure of 48.8 and below the national 41.0.
It ranks 11th of 17 Connecticut counties with approvals. In FY2025 there were 15, down 62% on FY2024.
35 lenders had approvals here; the most active were Webster Bank National Association (17), Torrington Savings Bank (14) and Manufacturers and Traders Trust Company (14). 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 Northwest Hills Planning Region
By number of approvals to businesses in the county, FY2021–FY2025; 35 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Webster Bank National AssociationWaterbury, CT | 17 | $5.6M | 16.8% | |
| 2 | Torrington Savings BankTorrington, CT | 14 | $2.0M | 13.9% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 14 | $1.9M | 13.9% | |
| 4 | TD Bank, National AssociationWilmington, DE | 7 | $570K | 6.9% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 5 | $1.2M | 5.0% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 5 | $555K | 5.0% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 3 | $4.2M | 3.0% | |
| 8 | Community Investment CorporationHamden, CT · CDC | 3 | $1.2M | 3.0% | |
| 9 | Thomaston Savings BankThomaston, CT | 3 | $566K | 3.0% | |
| 10 | New England Certified Development CorporationWakefield, MA · CDC | 2 | — | 2.0% | |
| 11 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 2.0% | |
| 12 | Community Investment CorporationHamden, CT | 2 | — | 2.0% | |
| 13 | Northeast BankLewiston, ME | 2 | — | 2.0% | |
| 14 | Metro City BankDoraville, GA | 1 | — | 1.0% | |
| 15 | Firstrust Savings BankConshohocken, PA | 1 | — | 1.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Equipment ContractorsNAICS 2382 | 10 | 9.9% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 6.9% | |
| 3 | Residential Building ConstructionNAICS 2361 | 6 | 5.9% | |
| 4 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 6 | 5.9% | |
| 5 | Beer, Wine, and Liquor StoresNAICS 4453 | 5 | 5.0% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 4 | 4.0% | |
| 7 | Traveler AccommodationNAICS 7211 | 3 | 3.0% | |
| 8 | Grocery StoresNAICS 4451 | 3 | 3.0% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.0% | |
| 10 | Beverage ManufacturingNAICS 3121 | 3 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 24 | 23.8% | |
| 2 | Retail Trade | 20 | 19.8% | |
| 3 | Accommodation and Food Services | 11 | 10.9% | |
| 4 | Manufacturing | 8 | 7.9% | |
| 5 | Other Services (except Public Administration) | 8 | 7.9% | |
| 6 | Professional, Scientific, and Technical Services | 7 | 6.9% | |
| 7 | Finance and Insurance | 6 | 5.9% | |
| 8 | Health Care and Social Assistance | 5 | 5.0% |
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* | 17 | $9.0M | $200K | 3 | $4.9M | 20 | 140 |
| FY2025 | 15 | $4.0M | $150K | 0 | — | 15 | 50 |
| FY2024 | 39 | $8.4M | $100K | 1 | — | 40 | 260 |
| FY2023 | 11 | $3.3M | $135K | 1 | — | 12 | 78 |
| FY2022 | 14 | $6.2M | $100K | 2 | — | 16 | 153 |
| FY2021 | 16 | $12.2M | $483K | 2 | — | 18 | 109 |
| FY2020 | 1 | — | — | 2 | — | 3 | 7 |
| FY2019 | 6 | $2.3M | $178K | 1 | — | 7 | 72 |
| FY2018 | 9 | $1.6M | $100K | 2 | — | 11 | 53 |
| FY2017 | 6 | $6.2M | $541K | 0 | — | 6 | 22 |
| FY2016 | 2 | — | — | 1 | — | 3 | 9 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 30 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Northwest Hills Planning Region | Connecticut | United States |
|---|---|---|---|
| Approvals | 101 | 4,358 | 342,825 |
| Approvals per 1,000 establishments | 34.7 | 48.8 | 41.0 |
| Median 7(a) approval | $125K | $148K | $190K |
| Median 504 approval | $353K | $494K | $657K |
| Average approval | $360K | $435K | $573K |
| 504 share of approvals | 5.9% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 6.4 | 9.2 | 10.5 |
| Share of state approvals | 2.3% | 100.0% | — |
Approval sizes
- $50,000 or less20.8%21
- $50,001 to $150,00042.6%43
- $150,001 to $350,00010.9%11
- $350,001 to $1 million15.8%16
- $1 million to $2 million6.9%7
- Over $2 million3.0%3
Age of the businesses
- Existing, more than 2 years old61.4%62
- New business, 2 years or less16.8%17
- Startup, loan funds will open the business12.9%13
- Change of ownership8.9%9
Questions and answers
Which lenders make the most SBA loans in Northwest Hills Planning Region?
By approvals in FY2021 to FY2025: Webster Bank National Association (17), Torrington Savings Bank (14), Manufacturers and Traders Trust Company (14), TD Bank, National Association (7), BayFirst National Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Northwest Hills Planning Region?
The median 7(a) approval was $125K and the median 504 approval $353K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Northwest Hills Planning Region?
Building Equipment Contractors (10); Restaurants and Other Eating Places (7); Residential Building Construction (6); Agencies, Brokerages, and Other Insurance Related Activities (6); Beer, Wine, and Liquor Stores (5).
Is SBA lending in Northwest Hills Planning Region rising?
Approvals in the three latest complete fiscal years total 67, against 37 in the three before: rising (+81%).
How does Northwest Hills Planning Region compare with the rest of Connecticut?
34.7 approvals per 1,000 establishments against 48.8 statewide, and 101 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