Lenders › Webster Bank National Association
7(a) lenderWaterbury, ConnecticutFDIC-insured bank34th of 2,184 by approvals
Webster Bank National Association
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.
Webster Bank National Association, based in Waterbury, Connecticut, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 1,236 of its 7(a) loans worth $477M in FY2021 to FY2025, which places it 34th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 208 approvals totalling $82.3M, down 29% on FY2024 (292). FY2026 to 30 Jun 2026 adds 101 more.
The median approval was $200K, against $190K for the 7(a) program as a whole; 43.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 13 states and territories and 65 counties, led by Connecticut (47.7%), New York (21.5%) and Massachusetts (19.3%). The largest industry group was construction at 15.7% of approvals, and 5.3% of approvals were to franchise businesses.
Of 1,412 disbursed loans approved in FY2010 to FY2021, SBA records 54 as charged off (3.8%), 988 as paid in full and 370 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* | 101 | $39.9M | $250K | $395K | 692 |
| FY2025 | 208 | $82.3M | $245K | $396K | 1,426 |
| FY2024 | 292 | $92.3M | $200K | $316K | 2,896 |
| FY2023 | 198 | $84.4M | $175K | $426K | 2,546 |
| FY2022 | 301 | $93.1M | $140K | $309K | 2,815 |
| FY2021 | 237 | $125M | $250K | $528K | 2,217 |
| FY2020 | 140 | $39.1M | $103K | $279K | 1,077 |
| FY2019 | 248 | $68.8M | $100K | $278K | 2,456 |
| FY2018 | 176 | $60.2M | $115K | $342K | 2,076 |
| FY2017 | 128 | $26.1M | $100K | $204K | 1,334 |
| FY2016 | 132 | $34.1M | $100K | $258K | 1,884 |
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 824 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 | 1,661 | 7,226 | 639,905 |
| Cancelled or never disbursed | 249 | 963 | 79,313 |
| Disbursed loans | 1,412 | 6,263 | 560,592 |
| Paid in full | 988 | 4,827 | 435,813 |
| Charged off | 54 | 397 | 36,891 |
| Still outstanding (status exempt from disclosure) | 370 | 1,039 | 87,888 |
| Charged off, share of disbursed loans | 3.8% | 6.3% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.4% | 2.8% | 2.5% |
| Dollars charged off | $6.5M | $56.3M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 203 | 61 | 1 | 0.5% | 2.8% |
| FY2020 | 117 | 64 | 1 | 0.9% | 4.0% |
| FY2019 | 216 | 108 | 10 | 4.6% | 6.7% |
| FY2018 | 155 | 112 | 4 | 2.6% | 7.9% |
| FY2017 | 109 | 85 | 4 | 3.7% | 7.7% |
| FY2016 | 116 | 103 | 5 | 4.3% | 7.2% |
| FY2015 | 69 | 61 | 3 | 4.3% | 6.9% |
| FY2014 | 96 | 91 | 4 | 4.2% | 6.4% |
| FY2013 | 82 | 79 | 2 | 2.4% | 6.0% |
| FY2012 | 76 | 67 | 7 | 9.2% | 6.3% |
| FY2011 | 108 | 95 | 10 | 9.3% | 6.9% |
| FY2010 | 65 | 62 | 3 | 4.6% | 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 | $200K | $190K |
| Average approval | $386K | $518K |
| Approvals of $150,000 or less | 43.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 23.2% | 34.3% |
| Approvals to franchise businesses | 5.3% | 11.5% |
| Jobs supported per approval, as reported | 9.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 3.8% | 6.6% |
States served
| # | State of the business (13 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Connecticut | 589 | $202M | 47.7% | |
| 2 | New York | 266 | $99.9M | 21.5% | |
| 3 | Massachusetts | 238 | $103M | 19.3% | |
| 4 | Rhode Island | 89 | $36.5M | 7.2% | |
| 5 | New Jersey | 39 | $25.8M | 3.2% | |
| 6 | New Hampshire | 5 | $3.2M | 0.4% | |
| 7 | South Carolina | 2 | — | 0.2% | |
| 8 | Florida | 2 | — | 0.2% | |
| 9 | Maine | 2 | — | 0.2% | |
| 10 | Colorado | 1 | — | 0.1% | |
| 11 | Delaware | 1 | — | 0.1% | |
| 12 | California | 1 | — | 0.1% |
In Connecticut the lender accounts for 15.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (65 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Capitol Planning Region, CT | 143 | $42.8M | 11.6% | |
| 2 | South Central Connecticut Planning Region, CT | 90 | $39.0M | 7.3% | |
| 3 | Western Connecticut Planning Region, CT | 76 | $35.4M | 6.1% | |
| 4 | Bristol County, MA | 55 | $38.6M | 4.4% | |
| 5 | Naugatuck Valley Planning Region, CT | 52 | $9.7M | 4.2% | |
| 6 | Middlesex County, MA | 49 | $15.9M | 4.0% | |
| 7 | Providence County, RI | 47 | $21.2M | 3.8% | |
| 8 | Fairfield County, CT | 45 | $19.2M | 3.6% | |
| 9 | Hartford County, CT | 45 | $13.2M | 3.6% | |
| 10 | New Haven County, CT | 44 | $12.7M | 3.6% | |
| 11 | Nassau County, NY | 42 | $14.0M | 3.4% | |
| 12 | Kings County, NY | 41 | $14.5M | 3.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 194 | 15.7% | |
| 2 | Retail Trade | 180 | 14.6% | |
| 3 | Accommodation and Food Services | 139 | 11.2% | |
| 4 | Health Care and Social Assistance | 132 | 10.7% | |
| 5 | Professional, Scientific, and Technical Services | 119 | 9.6% | |
| 6 | Manufacturing | 101 | 8.2% | |
| 7 | Other Services (except Public Administration) | 93 | 7.5% | |
| 8 | Wholesale Trade | 68 | 5.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 124 | 10.0% | |
| 2 | Beer, Wine, and Liquor StoresNAICS 4453 | 52 | 4.2% | |
| 3 | Residential Building ConstructionNAICS 2361 | 44 | 3.6% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 40 | 3.2% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 34 | 2.8% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 31 | 2.5% | |
| 7 | Legal ServicesNAICS 5411 | 31 | 2.5% | |
| 8 | Offices of PhysiciansNAICS 6211 | 30 | 2.4% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 30 | 2.4% | |
| 10 | Nonresidential Building ConstructionNAICS 2362 | 29 | 2.3% |
Approval sizes
- $50,000 or less13.3%164
- $50,001 to $150,00030.7%379
- $150,001 to $350,00026.2%324
- $350,001 to $1 million22.5%278
- $1 million to $2 million4.4%54
- Over $2 million3.0%37
Loan terms
- 5 years or less4.1%51
- Over 5 to 10 years82.5%1,020
- Over 10 to 20 years6.0%74
- Over 20 years7.4%91
Age of the businesses
- Existing, more than 2 years old74.7%923
- New business, 2 years or less13.8%171
- Startup, loan funds will open the business9.4%116
- Change of ownership2.1%26
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 948 | 76.7% | |
| 2 | Preferred Lenders Program | 276 | 22.3% | |
| 3 | 7a General | 5 | 0.4% | |
| 4 | Export Express | 5 | 0.4% | |
| 5 | 7a with EWCP | 1 | 0.1% | |
| 6 | International Trade Loans | 1 | 0.1% |
Franchise share
66 of 1,236 approvals in FY2021–FY2025 (5.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | American Family Care | 16 | 1.3% | |
| 2 | Signarama | 6 | 0.5% | |
| 3 | Snap-On | 5 | 0.4% | |
| 4 | Sonic | 3 | 0.2% | |
| 5 | Saladworks | 3 | 0.2% | |
| 6 | Subway | 3 | 0.2% | |
| 7 | The UPS Store | 2 | 0.2% | |
| 8 | The Little Gym | 2 | 0.2% |
Questions and answers
How many SBA loans does Webster Bank National Association make?
SBA approved 208 7(a) loans through Webster Bank National Association in FY2025, worth $82.3M, and 1,236 over FY2021 to FY2025. That ranks 34th of 2,184 active 7(a) lenders by number of approvals.
How large are Webster Bank National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $200K and the average $386K. The program-wide median was $190K.
What is Webster Bank National Association's charge-off rate?
Of 1,412 disbursed loans approved in FY2010 to FY2021, SBA records 54 as charged off (3.8%), 988 as paid in full and 370 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 Webster Bank National Association lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (124); beer, wine, and liquor stores (52); residential building construction (44); building equipment contractors (40).
Where does Webster Bank National Association make SBA loans?
In 13 states and territories. Connecticut 589, New York 266, Massachusetts 238, Rhode Island 89, New Jersey 39. In Connecticut it accounts for 15.0% of all 7(a) approvals.
Is Webster Bank National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 698, against 678 in the three before: broadly level (+3%).
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