Lenders › Liberty Bank
7(a) lenderMiddletown, ConnecticutFDIC-insured bank175th of 2,184 by approvals
Liberty Bank
SBA 7(a) 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.
Liberty Bank, based in Middletown, Connecticut, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 218 of its 7(a) loans worth $51.4M in FY2021 to FY2025, which places it 175th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 56 approvals totalling $8.8M, up 37% on FY2024 (41). FY2026 to 30 Jun 2026 adds 42 more.
The median approval was $100K, against $190K for the 7(a) program as a whole; 65.1% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 2 states and territories and 18 counties, led by Connecticut (97.2%) and Massachusetts (2.8%). The largest industry group was accommodation and food services at 16.1% of approvals, and 2.8% of approvals were to franchise businesses.
Of 410 disbursed loans approved in FY2010 to FY2021, SBA records 15 as charged off (3.7%), 352 as paid in full and 43 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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* | 42 | $9.9M | $100K | $235K | 216 |
| FY2025 | 56 | $8.8M | $123K | $158K | 405 |
| FY2024 | 41 | $10.8M | $100K | $264K | 373 |
| FY2023 | 28 | $11.5M | $215K | $412K | 242 |
| FY2022 | 36 | $9.2M | $138K | $254K | 261 |
| FY2021 | 57 | $11.0M | $68K | $193K | 357 |
| FY2020 | 35 | $4.9M | $59K | $141K | 228 |
| FY2019 | 53 | $6.0M | $60K | $114K | 302 |
| FY2018 | 62 | $5.5M | $50K | $88K | 341 |
| FY2017 | 47 | $8.3M | $75K | $176K | 464 |
| FY2016 | 27 | $2.8M | $100K | $102K | 185 |
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 224 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 | 7(a) program |
|---|---|---|---|
| Approvals in these years | 467 | 7,226 | 639,905 |
| Cancelled or never disbursed | 57 | 963 | 79,313 |
| Disbursed loans | 410 | 6,263 | 560,592 |
| Paid in full | 352 | 4,827 | 435,813 |
| Charged off | 15 | 397 | 36,891 |
| Still outstanding (status exempt from disclosure) | 43 | 1,039 | 87,888 |
| Charged off, share of disbursed loans | 3.7% | 6.3% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.5% | 2.8% | 2.5% |
| Dollars charged off | $829K | $56.3M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 55 | 27 | 7 | 12.7% | 2.8% |
| FY2020 | 31 | 24 | 1 | 3.2% | 4.0% |
| FY2019 | 46 | 38 | 2 | 4.3% | 6.7% |
| FY2018 | 56 | 50 | 1 | 1.8% | 7.9% |
| FY2017 | 40 | 37 | 1 | 2.5% | 7.7% |
| FY2016 | 23 | 23 | 0 | — | 7.2% |
| FY2015 | 35 | 34 | 0 | 0.0% | 6.9% |
| FY2014 | 31 | 31 | 0 | 0.0% | 6.4% |
| FY2013 | 24 | 22 | 1 | — | 6.0% |
| FY2012 | 14 | 12 | 1 | — | 6.3% |
| FY2011 | 10 | 10 | 0 | — | 6.9% |
| FY2010 | 45 | 44 | 1 | 2.2% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $100K | $190K |
| Average approval | $236K | $518K |
| Approvals of $150,000 or less | 65.1% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 33.9% | 34.3% |
| Approvals to franchise businesses | 2.8% | 11.5% |
| Jobs supported per approval, as reported | 7.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 3.7% | 6.6% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Connecticut | 212 | $46.3M | 97.2% | |
| 2 | Massachusetts | 6 | $5.0M | 2.8% |
In Connecticut the lender accounts for 5.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (18 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Capitol Planning Region, CT | 72 | $13.6M | 33.0% | |
| 2 | South Central Connecticut Planning Region, CT | 28 | $4.4M | 12.8% | |
| 3 | Lower Connecticut River Valley Planning Region, CT | 21 | $4.0M | 9.6% | |
| 4 | Naugatuck Valley Planning Region, CT | 18 | $12.2M | 8.3% | |
| 5 | Hartford County, CT | 18 | $2.8M | 8.3% | |
| 6 | Middlesex County, CT | 13 | $1.7M | 6.0% | |
| 7 | Southeastern Connecticut Planning Region, CT | 10 | $1.5M | 4.6% | |
| 8 | New Haven County, CT | 10 | $1.1M | 4.6% | |
| 9 | New London County, CT | 6 | $1.1M | 2.8% | |
| 10 | Greater Bridgeport Planning Region, CT | 6 | $780K | 2.8% | |
| 11 | Hampden County, MA | 3 | $2.4M | 1.4% | |
| 12 | Western Connecticut Planning Region, CT | 3 | $1.2M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 35 | 16.1% | |
| 2 | Construction | 30 | 13.8% | |
| 3 | Retail Trade | 28 | 12.8% | |
| 4 | Other Services (except Public Administration) | 22 | 10.1% | |
| 5 | Manufacturing | 21 | 9.6% | |
| 6 | Health Care and Social Assistance | 19 | 8.7% | |
| 7 | Professional, Scientific, and Technical Services | 16 | 7.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 13 | 6.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 27 | 12.4% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 11 | 5.0% | |
| 3 | Personal Care ServicesNAICS 8121 | 8 | 3.7% | |
| 4 | General Freight TruckingNAICS 4841 | 7 | 3.2% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 3.2% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 7 | 3.2% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 3.2% | |
| 8 | Residential Building ConstructionNAICS 2361 | 7 | 3.2% | |
| 9 | Child Day Care ServicesNAICS 6244 | 7 | 3.2% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 7 | 3.2% |
Approval sizes
- $50,000 or less32.6%71
- $50,001 to $150,00032.6%71
- $150,001 to $350,00022.0%48
- $350,001 to $1 million9.2%20
- $1 million to $2 million2.8%6
- Over $2 million0.9%2
Loan terms
- 5 years or less13.8%30
- Over 5 to 10 years86.2%188
Age of the businesses
- Existing, more than 2 years old60.6%132
- New business, 2 years or less13.3%29
- Startup, loan funds will open the business20.6%45
- Change of ownership5.5%12
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 120 | 55.0% | |
| 2 | Preferred Lenders Program | 95 | 43.6% | |
| 3 | 7a with EWCP | 1 | 0.5% | |
| 4 | Working Capital CAPLine | 1 | 0.5% | |
| 5 | 7a General | 1 | 0.5% |
Franchise share
6 of 218 approvals in FY2021–FY2025 (2.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Closet & Storage Concepts | 2 | 0.9% | |
| 2 | Snap Fitness | 2 | 0.9% | |
| 3 | Clean Juice | 1 | 0.5% | |
| 4 | Roosters Men's Grooming Center | 1 | 0.5% |
Questions and answers
How many SBA loans does Liberty Bank make?
SBA approved 56 7(a) loans through Liberty Bank in FY2025, worth $8.8M, and 218 over FY2021 to FY2025. That ranks 175th of 2,184 active 7(a) lenders by number of approvals.
How large are Liberty Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $100K and the average $236K. The program-wide median was $190K.
What is Liberty Bank's charge-off rate?
Of 410 disbursed loans approved in FY2010 to FY2021, SBA records 15 as charged off (3.7%), 352 as paid in full and 43 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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 Liberty Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (27); services to buildings and dwellings (11); personal care services (8); general freight trucking (7).
Where does Liberty Bank make SBA loans?
In 2 states and territories. Connecticut 212, Massachusetts 6. In Connecticut it accounts for 5.4% of all 7(a) approvals.
Is Liberty Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 125, against 128 in the three before: broadly level (-2%).
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