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County3rd of 17 in Connecticut by approvalsFIPS 09170
SBA loans in South Central 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 South Central Connecticut Planning Region, Connecticut, received 536 SBA loan approvals worth $254M in FY2021 to FY2025 (476 7(a), 60 504).
That is 38.9 approvals per 1,000 business establishments (13,779 establishments in 2023), below the Connecticut figure of 48.8 and close to the national 41.0.
It ranks 3rd of 17 Connecticut counties with approvals. In FY2025 there were 152, up 21% on FY2024.
59 lenders had approvals here; the most active were Webster Bank National Association (90), Manufacturers and Traders Trust Company (69) and TD Bank, National Association (67). 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 South Central Connecticut Planning Region
By number of approvals to businesses in the county, FY2021–FY2025; 59 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Webster Bank National AssociationWaterbury, CT | 90 | $39.0M | 16.8% | |
| 2 | Manufacturers and Traders Trust CompanyBuffalo, NY | 69 | $5.8M | 12.9% | |
| 3 | TD Bank, National AssociationWilmington, DE | 67 | $7.3M | 12.5% | |
| 4 | Community Investment CorporationHamden, CT · CDC | 41 | $34.8M | 7.6% | |
| 5 | KeyBank National AssociationCleveland, OH | 31 | $2.7M | 5.8% | |
| 6 | Liberty BankMiddletown, CT | 28 | $4.4M | 5.2% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 18 | $9.8M | 3.4% | |
| 8 | New England Certified Development CorporationWakefield, MA · CDC | 17 | $17.8M | 3.2% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 16 | $2.1M | 3.0% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 14 | $19.8M | 2.6% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 13 | $5.3M | 2.4% | |
| 12 | Beacon Bank and TrustBrookline, MA | 11 | $16.1M | 2.1% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 10 | $2.5M | 1.9% | |
| 14 | Ion BankNaugatuck, CT | 8 | $6.3M | 1.5% | |
| 15 | Citizens Bank, National AssociationProvidence, RI | 8 | $4.4M | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 55 | 10.3% | |
| 2 | Beer, Wine, and Liquor StoresNAICS 4453 | 27 | 5.0% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 24 | 4.5% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 21 | 3.9% | |
| 5 | Personal Care ServicesNAICS 8121 | 21 | 3.9% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 16 | 3.0% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 16 | 3.0% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 14 | 2.6% | |
| 9 | Grocery StoresNAICS 4451 | 12 | 2.2% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 11 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 82 | 15.3% | |
| 2 | Accommodation and Food Services | 78 | 14.6% | |
| 3 | Health Care and Social Assistance | 67 | 12.5% | |
| 4 | Construction | 65 | 12.1% | |
| 5 | Manufacturing | 55 | 10.3% | |
| 6 | Other Services (except Public Administration) | 48 | 9.0% | |
| 7 | Professional, Scientific, and Technical Services | 35 | 6.5% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 23 | 4.3% |
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* | 98 | $29.6M | $100K | 10 | $9.8M | 108 | 732 |
| FY2025 | 139 | $64.7M | $100K | 13 | $8.4M | 152 | 1,269 |
| FY2024 | 116 | $45.9M | $140K | 10 | $13.0M | 126 | 1,168 |
| FY2023 | 89 | $37.6M | $149K | 10 | $10.1M | 99 | 882 |
| FY2022 | 79 | $24.2M | $100K | 16 | $13.4M | 95 | 631 |
| FY2021 | 53 | $20.8M | $225K | 11 | $15.6M | 64 | 749 |
| FY2020 | 41 | $15.7M | $150K | 7 | $3.0M | 48 | 452 |
| FY2019 | 48 | $34.4M | $220K | 4 | $2.7M | 52 | 472 |
| FY2018 | 42 | $21.5M | $150K | 5 | $7.0M | 47 | 610 |
| FY2017 | 31 | $18.8M | $350K | 5 | $1.8M | 36 | 395 |
| FY2016 | 17 | $18.3M | $850K | 6 | $2.9M | 23 | 248 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 206 approvals.
Against Connecticut and the country
| FY2021–FY2025 | South Central Connecticut Planning Region | Connecticut | United States |
|---|---|---|---|
| Approvals | 536 | 4,358 | 342,825 |
| Approvals per 1,000 establishments | 38.9 | 48.8 | 41.0 |
| Median 7(a) approval | $128K | $148K | $190K |
| Median 504 approval | $577K | $494K | $657K |
| Average approval | $473K | $435K | $573K |
| 504 share of approvals | 11.2% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 8.8 | 9.2 | 10.5 |
| Share of state approvals | 12.3% | 100.0% | — |
Approval sizes
- $50,000 or less28.5%153
- $50,001 to $150,00023.9%128
- $150,001 to $350,00018.7%100
- $350,001 to $1 million15.9%85
- $1 million to $2 million7.8%42
- Over $2 million5.2%28
Age of the businesses
- Existing, more than 2 years old63.1%338
- New business, 2 years or less18.7%100
- Startup, loan funds will open the business11.6%62
- Change of ownership6.7%36
Questions and answers
Which lenders make the most SBA loans in South Central Connecticut Planning Region?
By approvals in FY2021 to FY2025: Webster Bank National Association (90), Manufacturers and Traders Trust Company (69), TD Bank, National Association (67), Community Investment Corporation (41), KeyBank National Association (31). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in South Central Connecticut Planning Region?
The median 7(a) approval was $128K and the median 504 approval $577K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in South Central Connecticut Planning Region?
Restaurants and Other Eating Places (55); Beer, Wine, and Liquor Stores (27); Offices of Other Health Practitioners (24); Building Equipment Contractors (21); Personal Care Services (21).
Is SBA lending in South Central Connecticut Planning Region rising?
Approvals in the three latest complete fiscal years total 377, against 207 in the three before: rising (+82%).
How does South Central Connecticut Planning Region compare with the rest of Connecticut?
38.9 approvals per 1,000 establishments against 48.8 statewide, and 536 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