SBA loans in Connecticut, FY2020

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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 517 loans in Connecticut: 444 under 7(a) and 73 under 504, worth $206M.

That is down 29% on FY2019, when there were 724 approvals worth $260M.

Connecticut accounted for 1.0% of the 49,417 approvals nationwide that year. 62 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 82.

517approvalsFY2019: 724

$206Mdollars approvedFY2019: $260M

$125Kmedian 7(a) approvalFY2019: $100K

62lenders with an approval

4,147jobs 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 FY2020, of 62 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2019	Change
1	Manufacturers and Traders Trust Company	7(a)	82	$9.0M	15.9%	122	-40
2	Webster Bank National Association	7(a)	72	$13.5M	13.9%	117	-45
3	New England Certified Development Corporation	504	40	$18.2M	7.7%	31	+9
4	TD Bank, National Association	7(a)	40	$7.0M	7.7%	63	-23
5	Liberty Bank	7(a)	35	$4.9M	6.8%	53	-18
6	Community Investment Corporation	504	28	$17.8M	5.4%	26	+2
7	KeyBank National Association	7(a)	14	$6.9M	2.7%	27	-13
8	Ives Bank	7(a)	13	$4.8M	2.5%	11	+2
9	Beacon Bank and Trust	7(a)	12	$9.8M	2.3%	27	-15
10	Newtek Small Business Finance, Inc.	7(a)	12	$9.5M	2.3%	22	-10
11	Thomaston Savings Bank	7(a)	12	$1.8M	2.3%	6	+6
12	Live Oak Banking Company	7(a)	11	$13.3M	2.1%	9	+2
13	Citizens Bank, National Association	7(a)	11	$3.5M	2.1%	9	+2
14	Wells Fargo Bank National Association	7(a)	10	$2.8M	1.9%	17	-7
15	Jewett City Savings Bank	7(a)	10	$1.1M	1.9%	4	+6
16	United Midwest Savings Bank National Association	7(a)	9	$3.6M	1.7%	5	+4
17	Celtic Bank Corporation	7(a)	8	$12.6M	1.5%	9	-1
18	First Bank	7(a)	5	$2.0M	1.0%	3	+2
19	JPMorgan Chase Bank, National Association	7(a)	5	$1.4M	1.0%	9	-4
20	Connecticut Community Bank, National Association	7(a)	5	$1.1M	1.0%	8	-3
21	BayFirst National Bank	7(a)	5	$1.0M	1.0%	13	-8
22	Nutmeg State Financial Credit Union	7(a)	5	$1.0M	1.0%	0	new
23	Stearns Bank National Association	7(a)	5	$956K	1.0%	8	-3
24	Community Investment Corporation	7(a)	5	$673K	1.0%	8	-3
25	NBT Bank, National Association	7(a)	4	$2.9M	0.8%	0	new
26	Bank of America, National Association	7(a)	3	$2.0M	0.6%	2	+1
27	North State Bank	7(a)	3	$930K	0.6%	0	new
28	Santander Bank, National Association	7(a)	3	$493K	0.6%	12	-9
29	Newtown Savings Bank	7(a)	2	—	0.4%	13	-11
30	Hanover Community Bank	7(a)	2	—	0.4%	1	+1
31	Readycap Lending, LLC	7(a)	2	—	0.4%	1	+1
32	Byline Bank	7(a)	2	—	0.4%	0	new
33	First Merchants Bank	7(a)	2	—	0.4%	0	new
34	Northwest Community Bank	7(a)	2	—	0.4%	2	0
35	Bay Colony Development Corporation	504	2	—	0.4%	2	0
36	Gulf Coast Bank and Trust Company	7(a)	2	—	0.4%	0	new
37	Patriot Bank, National Association	7(a)	2	—	0.4%	5	-3
38	Housatonic Industrial Development Corporation	504	2	—	0.4%	2	0
39	The Huntington National Bank	7(a)	2	—	0.4%	3	-1
40	Chelsea Groton Bank	7(a)	2	—	0.4%	2	0

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2019	Change
1	Capitol Planning Region	78	$33.1M	15.1%	82	-4
2	Western Connecticut Planning Region	69	$33.5M	13.3%	67	+2
3	Fairfield County	68	$19.0M	13.2%	123	-55
4	Hartford County	54	$20.2M	10.4%	117	-63
5	South Central Connecticut Planning Region	48	$18.6M	9.3%	52	-4
6	New Haven County	41	$12.0M	7.9%	91	-50
7	Naugatuck Valley Planning Region	31	$11.9M	6.0%	36	-5
8	Greater Bridgeport Planning Region	25	$11.6M	4.8%	24	+1
9	Lower Connecticut River Valley Planning Region	19	$6.2M	3.7%	17	+2
10	New London County	18	$5.4M	3.5%	14	+4
11	Southeastern Connecticut Planning Region	18	$13.3M	3.5%	11	+7
12	Middlesex County	14	$2.0M	2.7%	30	-16
13	Litchfield County	13	$5.6M	2.5%	23	-10
14	Tolland County	10	$9.0M	1.9%	11	-1
15	Windham County	4	$487K	0.8%	11	-7
16	Northeastern Connecticut Planning Region	4	$2.3M	0.8%	8	-4
17	Northwest Hills Planning Region	3	$1.1M	0.6%	7	-4

FY2020 against FY2019

Connecticut	FY2020	FY2019
7(a) approvals	444	660
7(a) dollars	$166M	$219M
Median 7(a) approval	$125K	$100K
504 approvals	73	64
504 dollars	$40.0M	$40.6M
Jobs supported, as reported	4,147	6,107

Questions and answers

Which lenders made the most SBA loans in Connecticut in FY2020?

Manufacturers and Traders Trust Company (82), Webster Bank National Association (72), New England Certified Development Corporation (40), TD Bank, National Association (40), Liberty Bank (35). 62 lenders had at least one approval.

How many SBA loans were approved in Connecticut in FY2020?

517: 444 under 7(a) worth $166M and 73 under 504 worth $40.0M.

Which Connecticut counties had the most SBA approvals in FY2020?

Capitol Planning Region (78), Western Connecticut Planning Region (69), Fairfield County (68), Hartford County (54), South Central Connecticut Planning Region (48).

When does FY2020 start and end?

The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.

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