SBA loans in Connecticut, FY2022

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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 740 loans in Connecticut: 636 under 7(a) and 104 under 504, worth $306M.

That is about level with FY2021, when there were 718 approvals worth $366M.

Connecticut accounted for 1.3% of the 56,932 approvals nationwide that year. 77 lenders had at least one approval in the state; Webster Bank National Association had the most, 190.

740approvalsFY2021: 718

$306Mdollars approvedFY2021: $366M

$125Kmedian 7(a) approvalFY2021: $200K

77lenders with an approval

7,106jobs 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 FY2022, of 77 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2021	Change
1	Webster Bank National Association	7(a)	190	$49.1M	25.7%	123	+67
2	Manufacturers and Traders Trust Company	7(a)	75	$9.7M	10.1%	75	0
3	TD Bank, National Association	7(a)	62	$9.6M	8.4%	59	+3
4	Community Investment Corporation	504	52	$29.1M	7.0%	34	+18
5	New England Certified Development Corporation	504	41	$31.8M	5.5%	39	+2
6	Liberty Bank	7(a)	35	$7.5M	4.7%	57	-22
7	KeyBank National Association	7(a)	35	$4.6M	4.7%	43	-8
8	Newtek Small Business Finance, Inc.	7(a)	28	$21.7M	3.8%	19	+9
9	The Huntington National Bank	7(a)	16	$3.1M	2.2%	8	+8
10	Celtic Bank Corporation	7(a)	13	$16.0M	1.8%	8	+5
11	Live Oak Banking Company	7(a)	12	$12.8M	1.6%	19	-7
12	Readycap Lending, LLC	7(a)	12	$3.9M	1.6%	5	+7
13	Ives Bank	7(a)	11	$4.5M	1.5%	11	0
14	Santander Bank, National Association	7(a)	10	$453K	1.4%	0	new
15	First County Bank	7(a)	8	$6.1M	1.1%	5	+3
16	Beacon Bank and Trust	7(a)	7	$4.8M	0.9%	18	-11
17	Housatonic Industrial Development Corporation	504	6	$2.8M	0.8%	4	+2
18	Community Investment Corporation	7(a)	6	$998K	0.8%	9	-3
19	Jewett City Savings Bank	7(a)	6	$830K	0.8%	8	-2
20	Connecticut Community Bank, National Association	7(a)	5	$2.5M	0.7%	8	-3
21	Five Star Bank	7(a)	4	$1.3M	0.5%	1	+3
22	Bank of America, National Association	7(a)	4	$900K	0.5%	6	-2
23	Newtown Savings Bank	7(a)	4	$891K	0.5%	5	-1
24	Torrington Savings Bank	7(a)	4	$702K	0.5%	5	-1
25	United Midwest Savings Bank National Association	7(a)	4	$520K	0.5%	10	-6
26	Wells Fargo Bank National Association	7(a)	4	$60K	0.5%	8	-4
27	Ascend Bank	7(a)	3	$6.7M	0.4%	0	new
28	Hanover Community Bank	7(a)	3	$6.3M	0.4%	2	+1
29	Needham Bank	7(a)	3	$5.3M	0.4%	0	new
30	Ion Bank	7(a)	3	$1.9M	0.4%	5	-2
31	First National Bank of Pennsylvania	7(a)	3	$1.7M	0.4%	0	new
32	Citizens Bank, National Association	7(a)	3	$1.6M	0.4%	9	-6
33	Nutmeg State Financial Credit Union	7(a)	3	$800K	0.4%	2	+1
34	Chelsea Groton Bank	7(a)	3	$466K	0.4%	1	+2
35	BayFirst National Bank	7(a)	3	$313K	0.4%	1	+2
36	22nd State Bank, A Division of 22nd State Banking Company	7(a)	2	—	0.3%	0	new
37	Bank of Clarke	7(a)	2	—	0.3%	0	new
38	Bay Colony Development Corporation	504	2	—	0.3%	9	-7
39	Woori America Bank	7(a)	2	—	0.3%	1	+1
40	Bank Five Nine	7(a)	2	—	0.3%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2021	Change
1	Capitol Planning Region	139	$49.2M	18.8%	99	+40
2	South Central Connecticut Planning Region	95	$37.6M	12.8%	64	+31
3	Western Connecticut Planning Region	90	$48.4M	12.2%	86	+4
4	Fairfield County	85	$31.0M	11.5%	76	+9
5	Hartford County	66	$16.2M	8.9%	92	-26
6	Naugatuck Valley Planning Region	51	$24.2M	6.9%	49	+2
7	New Haven County	48	$15.9M	6.5%	79	-31
8	Greater Bridgeport Planning Region	37	$15.7M	5.0%	32	+5
9	Lower Connecticut River Valley Planning Region	28	$13.4M	3.8%	22	+6
10	Southeastern Connecticut Planning Region	25	$17.5M	3.4%	17	+8
11	Northeastern Connecticut Planning Region	17	$2.6M	2.3%	13	+4
12	Northwest Hills Planning Region	16	$7.1M	2.2%	18	-2
13	New London County	13	$10.0M	1.8%	14	-1
14	Middlesex County	11	$7.1M	1.5%	21	-10
15	Litchfield County	10	$6.2M	1.4%	22	-12
16	Tolland County	5	$706K	0.7%	7	-2
17	Windham County	4	$2.7M	0.5%	7	-3

FY2022 against FY2021

Connecticut	FY2022	FY2021
7(a) approvals	636	632
7(a) dollars	$235M	$295M
Median 7(a) approval	$125K	$200K
504 approvals	104	86
504 dollars	$70.8M	$71.5M
Jobs supported, as reported	7,106	6,967

Questions and answers

Which lenders made the most SBA loans in Connecticut in FY2022?

Webster Bank National Association (190), Manufacturers and Traders Trust Company (75), TD Bank, National Association (62), Community Investment Corporation (52), New England Certified Development Corporation (41). 77 lenders had at least one approval.

How many SBA loans were approved in Connecticut in FY2022?

740: 636 under 7(a) worth $235M and 104 under 504 worth $70.8M.

Which Connecticut counties had the most SBA approvals in FY2022?

Capitol Planning Region (139), South Central Connecticut Planning Region (95), Western Connecticut Planning Region (90), Fairfield County (85), Hartford County (66).

When does FY2022 start and end?

The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.

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