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County2nd of 17 in Connecticut by approvalsFIPS 09190
SBA loans in Western 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.
SBA approved 686 loans to businesses in Western Connecticut Planning Region, Connecticut, in FY2021 to FY2025, worth $334M: 606 under 7(a) and 80 under 504.
That is 34.4 approvals per 1,000 business establishments (19,955 establishments in 2023), below the Connecticut figure of 48.8 and below the national 41.0.
It ranks 2nd of 17 Connecticut counties with approvals. In FY2025 there were 218, up 41% on FY2024.
75 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (93), Webster Bank National Association (76) and TD Bank, National Association (50). 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 Western Connecticut Planning Region
By number of approvals to businesses in the county, FY2021–FY2025; 75 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 93 | $12.4M | 13.6% | |
| 2 | Webster Bank National AssociationWaterbury, CT | 76 | $35.4M | 11.1% | |
| 3 | TD Bank, National AssociationWilmington, DE | 50 | $11.2M | 7.3% | |
| 4 | New England Certified Development CorporationWakefield, MA · CDC | 38 | $41.2M | 5.5% | |
| 5 | Ives BankDanbury, CT | 35 | $13.4M | 5.1% | |
| 6 | Community Investment CorporationHamden, CT · CDC | 31 | $23.3M | 4.5% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 24 | $8.5M | 3.5% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 22 | $3.5M | 3.2% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 21 | $28.6M | 3.1% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 21 | $8.6M | 3.1% | |
| 11 | The Huntington National BankColumbus, OH | 20 | $6.9M | 2.9% | |
| 12 | JPMorgan Chase Bank, National AssociationColumbus, OH | 20 | $3.8M | 2.9% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 16 | $5.8M | 2.3% | |
| 14 | KeyBank National AssociationCleveland, OH | 16 | $1.9M | 2.3% | |
| 15 | Connecticut Community Bank, National AssociationNorwalk, CT | 15 | $11.9M | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 47 | 6.9% | |
| 2 | Residential Building ConstructionNAICS 2361 | 29 | 4.2% | |
| 3 | Personal Care ServicesNAICS 8121 | 25 | 3.6% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 23 | 3.4% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 21 | 3.1% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 20 | 2.9% | |
| 7 | Beer, Wine, and Liquor StoresNAICS 4453 | 19 | 2.8% | |
| 8 | Other Personal ServicesNAICS 8129 | 18 | 2.6% | |
| 9 | Computer Systems Design and Related ServicesNAICS 5415 | 17 | 2.5% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 17 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 94 | 13.7% | |
| 2 | Construction | 92 | 13.4% | |
| 3 | Professional, Scientific, and Technical Services | 84 | 12.2% | |
| 4 | Other Services (except Public Administration) | 70 | 10.2% | |
| 5 | Health Care and Social Assistance | 60 | 8.7% | |
| 6 | Accommodation and Food Services | 58 | 8.5% | |
| 7 | Manufacturing | 49 | 7.1% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 46 | 6.7% |
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* | 132 | $41.7M | $128K | 14 | $20.1M | 146 | 996 |
| FY2025 | 198 | $84.5M | $198K | 20 | $25.4M | 218 | 1,513 |
| FY2024 | 144 | $44.9M | $150K | 11 | $10.8M | 155 | 1,168 |
| FY2023 | 127 | $56.4M | $150K | 10 | $12.1M | 137 | 966 |
| FY2022 | 67 | $32.5M | $187K | 23 | $15.8M | 90 | 598 |
| FY2021 | 70 | $38.5M | $250K | 16 | $12.6M | 86 | 619 |
| FY2020 | 64 | $31.1M | $150K | 5 | $2.5M | 69 | 419 |
| FY2019 | 59 | $27.2M | $200K | 8 | $3.8M | 67 | 663 |
| FY2018 | 45 | $15.1M | $125K | 11 | $4.3M | 56 | 368 |
| FY2017 | 23 | $7.6M | $150K | 6 | $2.6M | 29 | 138 |
| FY2016 | 13 | $4.5M | $250K | 5 | $3.7M | 18 | 150 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 239 approvals.
Against Connecticut and the country
| FY2021–FY2025 | Western Connecticut Planning Region | Connecticut | United States |
|---|---|---|---|
| Approvals | 686 | 4,358 | 342,825 |
| Approvals per 1,000 establishments | 34.4 | 48.8 | 41.0 |
| Median 7(a) approval | $150K | $148K | $190K |
| Median 504 approval | $539K | $494K | $657K |
| Average approval | $486K | $435K | $573K |
| 504 share of approvals | 11.7% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 7.1 | 9.2 | 10.5 |
| Share of state approvals | 15.7% | 100.0% | — |
Approval sizes
- $50,000 or less19.8%136
- $50,001 to $150,00027.6%189
- $150,001 to $350,00022.0%151
- $350,001 to $1 million17.6%121
- $1 million to $2 million6.9%47
- Over $2 million6.1%42
Age of the businesses
- Existing, more than 2 years old64.1%440
- New business, 2 years or less17.2%118
- Startup, loan funds will open the business12.7%87
- Change of ownership5.5%38
- Not answered0.4%3
Questions and answers
Which lenders make the most SBA loans in Western Connecticut Planning Region?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (93), Webster Bank National Association (76), TD Bank, National Association (50), New England Certified Development Corporation (38), Ives Bank (35). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Western Connecticut Planning Region?
The median 7(a) approval was $150K and the median 504 approval $539K; the Connecticut 7(a) median was $148K.
Which industries get the most SBA loans in Western Connecticut Planning Region?
Restaurants and Other Eating Places (47); Residential Building Construction (29); Personal Care Services (25); Management, Scientific, and Technical Consulting Services (23); Services to Buildings and Dwellings (21).
Is SBA lending in Western Connecticut Planning Region rising?
Approvals in the three latest complete fiscal years total 510, against 245 in the three before: rising (+108%).
How does Western Connecticut Planning Region compare with the rest of Connecticut?
34.4 approvals per 1,000 establishments against 48.8 statewide, and 686 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