Lenders › Community Investment Corporation
504 CDCHamden, Connecticutcertified development company45th of 182 by approvals
Community Investment Corporation
SBA 504 loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
In FY2021 to FY2025 SBA approved 209 504 loans, worth $150M, through Community Investment Corporation of Hamden, Connecticut, a certified development company (CDC) that makes SBA 504 loans. By number of approvals that is 45th among 182 active CDCs.
In FY2025, the latest complete fiscal year, it had 36 approvals totalling $28.8M, about level with FY2024 (35). FY2026 to 30 Jun 2026 adds 50 more.
The median approval was $450K, against $657K for the 504 program as a whole; 11.0% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 3 states and territories and 18 counties, led by Connecticut (91.4%), Rhode Island (8.1%) and Massachusetts (0.5%). The largest industry group was health care and social assistance at 19.6% of approvals, and 6.7% of approvals were to franchise businesses.
Of 401 disbursed loans approved in FY2010 to FY2021, SBA records 10 as charged off (2.5%), 180 as paid in full and 211 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is above it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 50 | $36.3M | $436K | $726K | 384 |
| FY2025 | 36 | $28.8M | $551K | $799K | 389 |
| FY2024 | 35 | $28.1M | $578K | $802K | 301 |
| FY2023 | 44 | $31.4M | $486K | $714K | 431 |
| FY2022 | 59 | $30.6M | $375K | $519K | 324 |
| FY2021 | 35 | $30.9M | $392K | $884K | 293 |
| FY2020 | 29 | $18.1M | $401K | $626K | 188 |
| FY2019 | 26 | $14.1M | $337K | $544K | 183 |
| FY2018 | 33 | $14.0M | $345K | $424K | 116 |
| FY2017 | 31 | $16.4M | $325K | $530K | 150 |
| FY2016 | 38 | $25.1M | $457K | $661K | 230 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 157 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Connecticut | 504 program |
|---|---|---|---|
| Approvals in these years | 471 | 812 | 85,591 |
| Cancelled or never disbursed | 70 | 136 | 12,514 |
| Disbursed loans | 401 | 676 | 73,077 |
| Paid in full | 180 | 273 | 35,491 |
| Charged off | 10 | 11 | 905 |
| Still outstanding (status exempt from disclosure) | 211 | 392 | 36,681 |
| Charged off, share of disbursed loans | 2.5% | 1.6% | 1.2% |
| Dollars charged off, share of disbursed dollars | 2.0% | 1.2% | 0.9% |
| Dollars charged off | $4.1M | $4.9M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 26 | 1 | 0 | — | 0.1% |
| FY2020 | 27 | 8 | 0 | — | 0.1% |
| FY2019 | 21 | 2 | 0 | — | 0.3% |
| FY2018 | 27 | 10 | 0 | — | 0.4% |
| FY2017 | 24 | 8 | 0 | — | 0.8% |
| FY2016 | 33 | 10 | 1 | 3.0% | 1.0% |
| FY2015 | 29 | 14 | 2 | — | 1.2% |
| FY2014 | 34 | 16 | 1 | 2.9% | 1.3% |
| FY2013 | 44 | 25 | 0 | 0.0% | 1.4% |
| FY2012 | 44 | 23 | 4 | 9.1% | 2.0% |
| FY2011 | 48 | 30 | 0 | 0.0% | 2.1% |
| FY2010 | 44 | 33 | 2 | 4.5% | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $450K | $657K |
| Average approval | $717K | $1.0M |
| Approvals of $150,000 or less | 11.0% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 18.2% | 14.4% |
| Approvals to franchise businesses | 6.7% | 9.0% |
| Jobs supported per approval, as reported | 8.3 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 2.5% | 1.2% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Connecticut | 191 | $144M | 91.4% | |
| 2 | Rhode Island | 17 | $5.1M | 8.1% | |
| 3 | Massachusetts | 1 | — | 0.5% |
In Connecticut the lender accounts for 43.5% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (18 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | South Central Connecticut Planning Region, CT | 41 | $34.8M | 19.6% | |
| 2 | Western Connecticut Planning Region, CT | 31 | $23.3M | 14.8% | |
| 3 | Capitol Planning Region, CT | 30 | $26.6M | 14.4% | |
| 4 | Southeastern Connecticut Planning Region, CT | 22 | $10.1M | 10.5% | |
| 5 | Naugatuck Valley Planning Region, CT | 21 | $15.7M | 10.0% | |
| 6 | Lower Connecticut River Valley Planning Region, CT | 17 | $8.6M | 8.1% | |
| 7 | Greater Bridgeport Planning Region, CT | 9 | $8.5M | 4.3% | |
| 8 | Northeastern Connecticut Planning Region, CT | 8 | $4.4M | 3.8% | |
| 9 | Providence County, RI | 8 | $2.5M | 3.8% | |
| 10 | Washington County, RI | 7 | $2.3M | 3.3% | |
| 11 | New Haven County, CT | 3 | $3.1M | 1.4% | |
| 12 | Northwest Hills Planning Region, CT | 3 | $1.2M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 41 | 19.6% | |
| 2 | Manufacturing | 35 | 16.7% | |
| 3 | Accommodation and Food Services | 25 | 12.0% | |
| 4 | Retail Trade | 20 | 9.6% | |
| 5 | Professional, Scientific, and Technical Services | 19 | 9.1% | |
| 6 | Other Services (except Public Administration) | 16 | 7.7% | |
| 7 | Construction | 14 | 6.7% | |
| 8 | Arts, Entertainment, and Recreation | 10 | 4.8% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 5.7% | |
| 2 | Child Day Care ServicesNAICS 6244 | 11 | 5.3% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 10 | 4.8% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 9 | 4.3% | |
| 5 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 8 | 3.8% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 3.3% | |
| 7 | Legal ServicesNAICS 5411 | 7 | 3.3% | |
| 8 | Offices of PhysiciansNAICS 6211 | 6 | 2.9% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 6 | 2.9% | |
| 10 | Personal Care ServicesNAICS 8121 | 6 | 2.9% |
Approval sizes
- $50,000 or less1.0%2
- $50,001 to $150,00010.0%21
- $150,001 to $350,00030.1%63
- $350,001 to $1 million36.8%77
- $1 million to $2 million16.7%35
- Over $2 million5.3%11
Loan terms
- Over 5 to 10 years1.4%3
- Over 10 to 20 years6.2%13
- Over 20 years92.3%193
Age of the businesses
- Existing, more than 2 years old78.9%165
- New business, 2 years or less1.0%2
- Startup, loan funds will open the business17.2%36
- Change of ownership2.9%6
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 147 | 70.3% | |
| 2 | ALP Express | 56 | 26.8% | |
| 3 | 504 Refinancing Program | 6 | 2.9% |
Franchise share
14 of 209 approvals in FY2021–FY2025 (6.7%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Kia Dealer Sales and Service Agreement | 2 | 1.0% | |
| 2 | Hampton Inn & Suites by Hilton | 1 | 0.5% | |
| 3 | Subaru Dealer Agreement | 1 | 0.5% | |
| 4 | The Goddard School | 1 | 0.5% | |
| 5 | Best Western | 1 | 0.5% | |
| 6 | Quality Inn | 1 | 0.5% | |
| 7 | Ford Motor Company Dealer Sales and Service Agreement | 1 | 0.5% | |
| 8 | Bay Oil Company | 1 | 0.5% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | Webster Bank National Association | 37 | 17.7% | |
| 2 | Ives Bank | 18 | 8.6% | |
| 3 | Liberty Bank | 17 | 8.1% | |
| 4 | M&T Bank Corporation | 15 | 7.2% | |
| 5 | Newtown Savings Bank | 15 | 7.2% | |
| 6 | KeyBank National Association | 10 | 4.8% | |
| 7 | Ascend Bank | 10 | 4.8% | |
| 8 | Dime Bank | 9 | 4.3% | |
| 9 | JPMorgan Chase Bank, National Association | 5 | 2.4% | |
| 10 | Windsor Federal Bank | 5 | 2.4% |
Questions and answers
How many SBA loans does Community Investment Corporation make?
SBA approved 36 504 loans through Community Investment Corporation in FY2025, worth $28.8M, and 209 over FY2021 to FY2025. That ranks 45th of 182 active CDCs by number of approvals.
How large are Community Investment Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $450K and the average $717K. The program-wide median was $657K.
What is Community Investment Corporation's charge-off rate?
Of 401 disbursed loans approved in FY2010 to FY2021, SBA records 10 as charged off (2.5%), 180 as paid in full and 211 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Community Investment Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (12); child day care services (11); other amusement and recreation industries (10); offices of other health practitioners (9).
Where does Community Investment Corporation make SBA loans?
In 3 states and territories. Connecticut 191, Rhode Island 17, Massachusetts 1. In Connecticut it accounts for 43.5% of all 504 approvals.
Is Community Investment Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 115, against 123 in the three before: broadly level (-7%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error