SBA loans in Connecticut, FY2019

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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 724 loans in Connecticut: 660 under 7(a) and 64 under 504, worth $260M.

That is down 10% on FY2018, when there were 808 approvals worth $251M.

Connecticut accounted for 1.2% of the 58,006 approvals nationwide that year. 71 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 122.

724approvalsFY2018: 808

$260Mdollars approvedFY2018: $251M

$100Kmedian 7(a) approvalFY2018: $100K

71lenders with an approval

6,107jobs 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 FY2019, of 71 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2018	Change
1	Manufacturers and Traders Trust Company	7(a)	122	$18.2M	16.9%	75	+47
2	Webster Bank National Association	7(a)	117	$35.0M	16.2%	99	+18
3	TD Bank, National Association	7(a)	63	$8.0M	8.7%	113	-50
4	Liberty Bank	7(a)	53	$6.0M	7.3%	62	-9
5	New England Certified Development Corporation	504	31	$19.2M	4.3%	38	-7
6	KeyBank National Association	7(a)	27	$16.6M	3.7%	24	+3
7	Beacon Bank and Trust	7(a)	27	$10.6M	3.7%	36	-9
8	Community Investment Corporation	504	26	$14.1M	3.6%	30	-4
9	Newtek Small Business Finance, Inc.	7(a)	22	$26.9M	3.0%	35	-13
10	Wells Fargo Bank National Association	7(a)	17	$3.6M	2.3%	22	-5
11	Newtown Savings Bank	7(a)	13	$6.3M	1.8%	15	-2
12	BayFirst National Bank	7(a)	13	$2.7M	1.8%	9	+4
13	Santander Bank, National Association	7(a)	12	$1.4M	1.7%	5	+7
14	Ives Bank	7(a)	11	$1.8M	1.5%	6	+5
15	Live Oak Banking Company	7(a)	9	$14.8M	1.2%	10	-1
16	Celtic Bank Corporation	7(a)	9	$7.5M	1.2%	19	-10
17	JPMorgan Chase Bank, National Association	7(a)	9	$6.1M	1.2%	12	-3
18	Citizens Bank, National Association	7(a)	9	$1.7M	1.2%	15	-6
19	Connecticut Community Bank, National Association	7(a)	8	$4.3M	1.1%	10	-2
20	Stearns Bank National Association	7(a)	8	$1.1M	1.1%	5	+3
21	Community Investment Corporation	7(a)	8	$1.0M	1.1%	10	-2
22	Thomaston Savings Bank	7(a)	6	$3.0M	0.8%	6	0
23	Patriot Bank, National Association	7(a)	5	$1.4M	0.7%	5	0
24	United Midwest Savings Bank National Association	7(a)	5	$690K	0.7%	10	-5
25	Capital One National Association	7(a)	4	$2.8M	0.6%	2	+2
26	First County Bank	7(a)	4	$714K	0.6%	3	+1
27	Independence Bank	7(a)	4	$600K	0.6%	8	-4
28	Five Star Bank	7(a)	4	$450K	0.6%	1	+3
29	Union Savings Bank	7(a)	4	$230K	0.6%	11	-7
30	Jewett City Savings Bank	7(a)	4	$226K	0.6%	15	-11
31	Granite State Economic Development Corporation	504	3	$4.6M	0.4%	0	new
32	Avidia Bank	7(a)	3	$4.0M	0.4%	0	new
33	IncredibleBank	7(a)	3	$2.6M	0.4%	0	new
34	First Bank	7(a)	3	$1.9M	0.4%	3	0
35	The Huntington National Bank	7(a)	3	$730K	0.4%	3	0
36	Seacoast National Bank	7(a)	3	$600K	0.4%	4	-1
37	Northeast Bank	7(a)	3	$450K	0.4%	9	-6
38	Leader Bank, National Association	7(a)	3	$351K	0.4%	1	+2
39	Bank of Hope	7(a)	3	$230K	0.4%	1	+2
40	Bay Colony Development Corporation	504	2	—	0.3%	1	+1

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2018	Change
1	Fairfield County	123	$35.1M	17.0%	129	-6
2	Hartford County	117	$38.0M	16.2%	162	-45
3	New Haven County	91	$22.8M	12.6%	126	-35
4	Capitol Planning Region	82	$34.8M	11.3%	74	+8
5	Western Connecticut Planning Region	67	$31.0M	9.3%	56	+11
6	South Central Connecticut Planning Region	52	$37.1M	7.2%	47	+5
7	Naugatuck Valley Planning Region	36	$8.0M	5.0%	31	+5
8	Middlesex County	30	$10.6M	4.1%	25	+5
9	Greater Bridgeport Planning Region	24	$5.5M	3.3%	30	-6
10	Litchfield County	23	$6.5M	3.2%	29	-6
11	Lower Connecticut River Valley Planning Region	17	$3.5M	2.3%	9	+8
12	New London County	14	$2.6M	1.9%	25	-11
13	Tolland County	11	$2.1M	1.5%	10	+1
14	Windham County	11	$3.2M	1.5%	18	-7
15	Southeastern Connecticut Planning Region	11	$12.3M	1.5%	19	-8
16	Northeastern Connecticut Planning Region	8	$4.0M	1.1%	7	+1
17	Northwest Hills Planning Region	7	$2.7M	1.0%	11	-4

FY2019 against FY2018

Connecticut	FY2019	FY2018
7(a) approvals	660	736
7(a) dollars	$219M	$204M
Median 7(a) approval	$100K	$100K
504 approvals	64	72
504 dollars	$40.6M	$46.7M
Jobs supported, as reported	6,107	6,053

Questions and answers

Which lenders made the most SBA loans in Connecticut in FY2019?

Manufacturers and Traders Trust Company (122), Webster Bank National Association (117), TD Bank, National Association (63), Liberty Bank (53), New England Certified Development Corporation (31). 71 lenders had at least one approval.

How many SBA loans were approved in Connecticut in FY2019?

724: 660 under 7(a) worth $219M and 64 under 504 worth $40.6M.

Which Connecticut counties had the most SBA approvals in FY2019?

Fairfield County (123), Hartford County (117), New Haven County (91), Capitol Planning Region (82), Western Connecticut Planning Region (67).

When does FY2019 start and end?

The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.

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