SBA loans in Connecticut, FY2021

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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 718 loans in Connecticut: 632 under 7(a) and 86 under 504, worth $366M.

That is up 39% on FY2020, when there were 517 approvals worth $206M.

Connecticut accounted for 1.2% of the 61,532 approvals nationwide that year. 78 lenders had at least one approval in the state; Webster Bank National Association had the most, 123.

718approvalsFY2020: 517

$366Mdollars approvedFY2020: $206M

$200Kmedian 7(a) approvalFY2020: $125K

78lenders with an approval

6,967jobs 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 FY2021, of 78 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2020	Change
1	Webster Bank National Association	7(a)	123	$46.2M	17.1%	72	+51
2	Manufacturers and Traders Trust Company	7(a)	75	$17.4M	10.4%	82	-7
3	TD Bank, National Association	7(a)	59	$13.4M	8.2%	40	+19
4	Liberty Bank	7(a)	57	$11.0M	7.9%	35	+22
5	KeyBank National Association	7(a)	43	$16.9M	6.0%	14	+29
6	New England Certified Development Corporation	504	39	$30.9M	5.4%	40	-1
7	Community Investment Corporation	504	34	$30.4M	4.7%	28	+6
8	Thomaston Savings Bank	7(a)	22	$7.9M	3.1%	12	+10
9	Newtek Small Business Finance, Inc.	7(a)	19	$19.6M	2.6%	12	+7
10	Live Oak Banking Company	7(a)	19	$17.6M	2.6%	11	+8
11	Beacon Bank and Trust	7(a)	18	$20.5M	2.5%	12	+6
12	Ives Bank	7(a)	11	$2.7M	1.5%	13	-2
13	United Midwest Savings Bank National Association	7(a)	10	$1.5M	1.4%	9	+1
14	Bay Colony Development Corporation	504	9	$7.7M	1.3%	2	+7
15	Citizens Bank, National Association	7(a)	9	$6.5M	1.3%	11	-2
16	Community Investment Corporation	7(a)	9	$1.3M	1.3%	5	+4
17	Celtic Bank Corporation	7(a)	8	$9.0M	1.1%	8	0
18	Connecticut Community Bank, National Association	7(a)	8	$3.8M	1.1%	5	+3
19	Jewett City Savings Bank	7(a)	8	$2.9M	1.1%	10	-2
20	The Huntington National Bank	7(a)	8	$2.6M	1.1%	2	+6
21	Wells Fargo Bank National Association	7(a)	8	$1.3M	1.1%	10	-2
22	Northwest Community Bank	7(a)	6	$2.5M	0.8%	2	+4
23	Bank of America, National Association	7(a)	6	$1.9M	0.8%	3	+3
24	Ion Bank	7(a)	5	$5.3M	0.7%	0	new
25	Readycap Lending, LLC	7(a)	5	$4.5M	0.7%	2	+3
26	First County Bank	7(a)	5	$1.8M	0.7%	1	+4
27	Newtown Savings Bank	7(a)	5	$1.4M	0.7%	2	+3
28	JPMorgan Chase Bank, National Association	7(a)	5	$1.0M	0.7%	5	0
29	Torrington Savings Bank	7(a)	5	$966K	0.7%	0	new
30	Housatonic Industrial Development Corporation	504	4	$2.5M	0.6%	2	+2
31	Metro City Bank	7(a)	3	$5.4M	0.4%	0	new
32	Bank of Hope	7(a)	3	$4.0M	0.4%	1	+2
33	Peapack Private Bank and Trust	7(a)	3	$3.3M	0.4%	0	new
34	New Millennium Bank	7(a)	3	$3.0M	0.4%	1	+2
35	Byline Bank	7(a)	3	$1.9M	0.4%	2	+1
36	Westfield Bank	7(a)	3	$560K	0.4%	0	new
37	Shoreham Bank	7(a)	2	—	0.3%	1	+1
38	First Bank of the Lake	7(a)	2	—	0.3%	0	new
39	Bank of Ann Arbor	7(a)	2	—	0.3%	0	new
40	First Merchants Bank	7(a)	2	—	0.3%	2	0

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2020	Change
1	Capitol Planning Region	99	$43.6M	13.8%	78	+21
2	Hartford County	92	$43.4M	12.8%	54	+38
3	Western Connecticut Planning Region	86	$51.1M	12.0%	69	+17
4	New Haven County	79	$40.6M	11.0%	41	+38
5	Fairfield County	76	$36.4M	10.6%	68	+8
6	South Central Connecticut Planning Region	64	$36.4M	8.9%	48	+16
7	Naugatuck Valley Planning Region	49	$22.6M	6.8%	31	+18
8	Greater Bridgeport Planning Region	32	$12.6M	4.5%	25	+7
9	Litchfield County	22	$10.6M	3.1%	13	+9
10	Lower Connecticut River Valley Planning Region	22	$15.4M	3.1%	19	+3
11	Middlesex County	21	$7.7M	2.9%	14	+7
12	Northwest Hills Planning Region	18	$12.9M	2.5%	3	+15
13	Southeastern Connecticut Planning Region	17	$14.3M	2.4%	18	-1
14	New London County	14	$8.1M	1.9%	18	-4
15	Northeastern Connecticut Planning Region	13	$6.2M	1.8%	4	+9
16	Tolland County	7	$2.2M	1.0%	10	-3
17	Windham County	7	$2.3M	1.0%	4	+3

FY2021 against FY2020

Connecticut	FY2021	FY2020
7(a) approvals	632	444
7(a) dollars	$295M	$166M
Median 7(a) approval	$200K	$125K
504 approvals	86	73
504 dollars	$71.5M	$40.0M
Jobs supported, as reported	6,967	4,147

Questions and answers

Which lenders made the most SBA loans in Connecticut in FY2021?

Webster Bank National Association (123), Manufacturers and Traders Trust Company (75), TD Bank, National Association (59), Liberty Bank (57), KeyBank National Association (43). 78 lenders had at least one approval.

How many SBA loans were approved in Connecticut in FY2021?

718: 632 under 7(a) worth $295M and 86 under 504 worth $71.5M.

Which Connecticut counties had the most SBA approvals in FY2021?

Capitol Planning Region (99), Hartford County (92), Western Connecticut Planning Region (86), New Haven County (79), Fairfield County (76).

When does FY2021 start and end?

The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.

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