SBA loans in Connecticut, FY2016

That fiscal year's approvals by lender and by county.

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 FY2016 (1 October 2015 to 30 September 2016) SBA approved 745 loans in Connecticut: 690 under 7(a) and 55 under 504, worth $237M.

That is about level with FY2015, when there were 699 approvals worth $238M.

Connecticut accounted for 1.1% of the 70,012 approvals nationwide that year. 71 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 102.

745approvalsFY2015: 699

$237Mdollars approvedFY2015: $238M

$100Kmedian 7(a) approvalFY2015: $108K

71lenders with an approval

6,593jobs supported, as reported

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.

Approvals by lender

The 40 lenders with the most approvals to Connecticut businesses in FY2016, of 71 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2015	Change
1	Manufacturers and Traders Trust Company	7(a)	102	$17.9M	13.7%	102	0
2	Beacon Bank and Trust	7(a)	98	$7.2M	13.2%	52	+46
3	Webster Bank National Association	7(a)	88	$21.2M	11.8%	57	+31
4	Wells Fargo Bank National Association	7(a)	46	$13.8M	6.2%	45	+1
5	TD Bank, National Association	7(a)	37	$11.3M	5.0%	38	-1
6	Citizens Bank, National Association	7(a)	36	$5.3M	4.8%	46	-10
7	Community Investment Corporation	504	35	$23.0M	4.7%	27	+8
8	Newtek Small Business Finance, Inc.	7(a)	27	$22.0M	3.6%	20	+7
9	Liberty Bank	7(a)	27	$2.8M	3.6%	36	-9
10	KeyBank National Association	7(a)	15	$2.7M	2.0%	19	-4
11	Celtic Bank Corporation	7(a)	14	$9.3M	1.9%	20	-6
12	New England Certified Development Corporation	504	14	$9.0M	1.9%	19	-5
13	Ion Bank	7(a)	13	$7.0M	1.7%	5	+8
14	JPMorgan Chase Bank, National Association	7(a)	13	$2.1M	1.7%	17	-4
15	Live Oak Banking Company	7(a)	12	$7.2M	1.6%	14	-2
16	BayFirst National Bank	7(a)	11	$2.3M	1.5%	2	+9
17	Bankwell Bank	7(a)	10	$7.1M	1.3%	16	-6
18	Thomaston Savings Bank	7(a)	10	$2.2M	1.3%	14	-4
19	Northeast Bank	7(a)	9	$2.3M	1.2%	15	-6
20	Community Investment Corporation	7(a)	8	$1.0M	1.1%	6	+2
21	Newtown Savings Bank	7(a)	7	$3.2M	0.9%	7	0
22	Stearns Bank National Association	7(a)	6	$1.9M	0.8%	5	+1
23	Chelsea Groton Bank	7(a)	6	$1.4M	0.8%	4	+2
24	Santander Bank, National Association	7(a)	5	$2.0M	0.7%	10	-5
25	Ives Bank	7(a)	5	$1.4M	0.7%	10	-5
26	Union Savings Bank	7(a)	5	$235K	0.7%	2	+3
27	Shoreham Bank	7(a)	4	$1.7M	0.5%	0	new
28	New Millennium Bank	7(a)	4	$1.3M	0.5%	3	+1
29	Independence Bank	7(a)	4	$525K	0.5%	2	+2
30	Citibank, N.A.	7(a)	4	$113K	0.5%	5	-1
31	Capital Bank, National Association	7(a)	3	$5.0M	0.4%	0	new
32	Housatonic Industrial Development Corporation	504	3	$2.2M	0.4%	3	0
33	Northwest Community Bank	7(a)	3	$1.9M	0.4%	1	+2
34	Happen Bank	7(a)	3	$1.6M	0.4%	10	-7
35	NewBank	7(a)	3	$1.0M	0.4%	1	+2
36	Wilmington Savings Fund Society FSB	7(a)	3	$706K	0.4%	1	+2
37	Fairfield County Bank	7(a)	3	$388K	0.4%	4	-1
38	HSBC Bank USA National Association	7(a)	3	$150K	0.4%	0	new
39	GBank	7(a)	2	—	0.3%	0	new
40	Pathward National Association	7(a)	2	—	0.3%	1	+1

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2015	Change
1	Hartford County	188	$44.4M	25.2%	204	-16
2	New Haven County	140	$35.8M	18.8%	126	+14
3	Fairfield County	137	$41.0M	18.4%	138	-1
4	Litchfield County	43	$7.1M	5.8%	28	+15
5	Capitol Planning Region	43	$21.3M	5.8%	25	+18
6	New London County	30	$9.2M	4.0%	31	-1
7	Middlesex County	29	$4.4M	3.9%	36	-7
8	South Central Connecticut Planning Region	23	$21.2M	3.1%	9	+14
9	Tolland County	23	$3.6M	3.1%	19	+4
10	Greater Bridgeport Planning Region	20	$18.0M	2.7%	14	+6
11	Windham County	19	$8.9M	2.6%	16	+3
12	Western Connecticut Planning Region	18	$8.2M	2.4%	11	+7
13	Naugatuck Valley Planning Region	12	$5.7M	1.6%	17	-5
14	Lower Connecticut River Valley Planning Region	10	$5.7M	1.3%	7	+3
15	Southeastern Connecticut Planning Region	6	$1.7M	0.8%	6	0
16	Northwest Hills Planning Region	3	$1.1M	0.4%	7	-4
17	Northeastern Connecticut Planning Region	1	—	0.1%	5	-4

FY2016 against FY2015

Connecticut	FY2016	FY2015
7(a) approvals	690	647
7(a) dollars	$202M	$201M
Median 7(a) approval	$100K	$108K
504 approvals	55	52
504 dollars	$35.8M	$37.5M
Jobs supported, as reported	6,593	6,040

Questions and answers

Which lenders made the most SBA loans in Connecticut in FY2016?

Manufacturers and Traders Trust Company (102), Beacon Bank and Trust (98), Webster Bank National Association (88), Wells Fargo Bank National Association (46), TD Bank, National Association (37). 71 lenders had at least one approval.

How many SBA loans were approved in Connecticut in FY2016?

745: 690 under 7(a) worth $202M and 55 under 504 worth $35.8M.

Which Connecticut counties had the most SBA approvals in FY2016?

Hartford County (188), New Haven County (140), Fairfield County (137), Litchfield County (43), Capitol Planning Region (43).

When does FY2016 start and end?

The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.

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