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County10th of 17 in Connecticut by approvalsFIPS 09180
SBA loans in Southeastern 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 Southeastern Connecticut Planning Region, Connecticut, received 162 SBA loan approvals worth $83.8M in FY2021 to FY2025 (124 7(a), 38 504).
That is 27.5 approvals per 1,000 business establishments (5,883 establishments in 2023), below the Connecticut figure of 48.8 and below the national 41.0.
It ranks 10th of 17 Connecticut counties with approvals. In FY2025 there were 54, up 46% on FY2024.
33 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (27), Community Investment Corporation (22) and TD Bank, National Association (18). 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 Southeastern Connecticut Planning Region
By number of approvals to businesses in the county, FY2021–FY2025; 33 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 27 | $1.8M | 16.7% | |
| 2 | Community Investment CorporationHamden, CT · CDC | 22 | $10.1M | 13.6% | |
| 3 | TD Bank, National AssociationWilmington, DE | 18 | $4.9M | 11.1% | |
| 4 | New England Certified Development CorporationWakefield, MA · CDC | 16 | $25.3M | 9.9% | |
| 5 | Liberty BankMiddletown, CT | 10 | $1.5M | 6.2% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 8 | $1.1M | 4.9% | |
| 7 | Newtek Small Business Finance, Inc.Lake Success, NY | 6 | $6.2M | 3.7% | |
| 8 | Community Investment CorporationHamden, CT | 6 | $923K | 3.7% | |
| 9 | Beacon Bank and TrustBrookline, MA | 4 | $4.4M | 2.5% | |
| 10 | Rockland Trust CompanyRockland, MA | 4 | $942K | 2.5% | |
| 11 | Webster Bank National AssociationWaterbury, CT | 4 | $725K | 2.5% | |
| 12 | Northeast BankLewiston, ME | 4 | $469K | 2.5% | |
| 13 | Needham BankNeedham, MA | 3 | $5.3M | 1.9% | |
| 14 | Citizens Bank, National AssociationProvidence, RI | 3 | $4.5M | 1.9% | |
| 15 | The Huntington National BankColumbus, OH | 3 | $1.0M | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 9.9% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 6.8% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 11 | 6.8% | |
| 4 | Traveler AccommodationNAICS 7211 | 9 | 5.6% | |
| 5 | Residential Building ConstructionNAICS 2361 | 8 | 4.9% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 7 | 4.3% | |
| 7 | Architectural and Structural Metals ManufacturingNAICS 3323 | 6 | 3.7% | |
| 8 | Building Material and Supplies DealersNAICS 4441 | 6 | 3.7% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 6 | 3.7% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 27 | 16.7% | |
| 2 | Accommodation and Food Services | 26 | 16.0% | |
| 3 | Construction | 21 | 13.0% | |
| 4 | Other Services (except Public Administration) | 20 | 12.3% | |
| 5 | Manufacturing | 12 | 7.4% | |
| 6 | Health Care and Social Assistance | 10 | 6.2% | |
| 7 | Professional, Scientific, and Technical Services | 9 | 5.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 8 | 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* | 23 | $3.4M | $88K | 4 | $7.9M | 27 | 194 |
| FY2025 | 49 | $13.1M | $108K | 5 | $5.9M | 54 | 390 |
| FY2024 | 29 | $6.9M | $100K | 8 | $13.3M | 37 | 284 |
| FY2023 | 20 | $5.3M | $150K | 9 | $7.5M | 29 | 215 |
| FY2022 | 17 | $13.2M | $250K | 8 | $4.3M | 25 | 422 |
| FY2021 | 9 | $9.9M | $350K | 8 | $4.4M | 17 | 113 |
| FY2020 | 11 | $4.9M | $150K | 7 | $8.4M | 18 | 98 |
| FY2019 | 7 | $8.0M | $753K | 4 | $4.4M | 11 | 96 |
| FY2018 | 13 | $7.6M | $150K | 6 | $3.2M | 19 | 102 |
| FY2017 | 7 | $3.0M | $370K | 1 | — | 8 | 96 |
| FY2016 | 4 | $1.0M | $150K | 2 | — | 6 | 32 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 62 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Southeastern Connecticut Planning Region | Connecticut | United States |
|---|---|---|---|
| Approvals | 162 | 4,358 | 342,825 |
| Approvals per 1,000 establishments | 27.5 | 48.8 | 41.0 |
| Median 7(a) approval | $150K | $148K | $190K |
| Median 504 approval | $327K | $494K | $657K |
| Average approval | $517K | $435K | $573K |
| 504 share of approvals | 23.5% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 8.8 | 9.2 | 10.5 |
| Share of state approvals | 3.7% | 100.0% | — |
Approval sizes
- $50,000 or less24.7%40
- $50,001 to $150,00025.3%41
- $150,001 to $350,00022.2%36
- $350,001 to $1 million14.2%23
- $1 million to $2 million6.2%10
- Over $2 million7.4%12
Age of the businesses
- Existing, more than 2 years old66.7%108
- New business, 2 years or less12.3%20
- Startup, loan funds will open the business13.0%21
- Change of ownership8.0%13
Questions and answers
Which lenders make the most SBA loans in Southeastern Connecticut Planning Region?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (27), Community Investment Corporation (22), TD Bank, National Association (18), New England Certified Development Corporation (16), Liberty Bank (10). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Southeastern Connecticut Planning Region?
The median 7(a) approval was $150K and the median 504 approval $327K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Southeastern Connecticut Planning Region?
Restaurants and Other Eating Places (16); Automotive Repair and Maintenance (11); Beer, Wine, and Liquor Stores (11); Traveler Accommodation (9); Residential Building Construction (8).
Is SBA lending in Southeastern Connecticut Planning Region rising?
Approvals in the three latest complete fiscal years total 120, against 60 in the three before: rising (+100%).
How does Southeastern Connecticut Planning Region compare with the rest of Connecticut?
27.5 approvals per 1,000 establishments against 48.8 statewide, and 162 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