SBA loans in Connecticut, FY2023

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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 834 loans in Connecticut: 744 under 7(a) and 90 under 504, worth $362M.

That is up 13% on FY2022, when there were 740 approvals worth $306M.

Connecticut accounted for 1.3% of the 63,286 approvals nationwide that year. 82 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 126.

834approvalsFY2022: 740

$362Mdollars approvedFY2022: $306M

$130Kmedian 7(a) approvalFY2022: $125K

82lenders with an approval

7,901jobs 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 FY2023, of 82 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2022	Change
1	Manufacturers and Traders Trust Company	7(a)	126	$18.1M	15.1%	75	+51
2	Webster Bank National Association	7(a)	117	$45.0M	14.0%	190	-73
3	TD Bank, National Association	7(a)	111	$14.1M	13.3%	62	+49
4	New England Certified Development Corporation	504	46	$37.0M	5.5%	41	+5
5	KeyBank National Association	7(a)	41	$3.7M	4.9%	35	+6
6	Community Investment Corporation	504	39	$30.1M	4.7%	52	-13
7	The Huntington National Bank	7(a)	31	$11.5M	3.7%	16	+15
8	BayFirst National Bank	7(a)	27	$5.2M	3.2%	3	+24
9	Newtek Bank, National Association	7(a)	25	$11.6M	3.0%	0	new
10	Liberty Bank	7(a)	25	$8.5M	3.0%	35	-10
11	Newtek Small Business Finance, Inc.	7(a)	18	$8.4M	2.2%	28	-10
12	Live Oak Banking Company	7(a)	17	$32.0M	2.0%	12	+5
13	Celtic Bank Corporation	7(a)	14	$19.3M	1.7%	13	+1
14	Beacon Bank and Trust	7(a)	13	$14.5M	1.6%	7	+6
15	Bank of America, National Association	7(a)	11	$2.7M	1.3%	4	+7
16	Ives Bank	7(a)	11	$2.5M	1.3%	11	0
17	JPMorgan Chase Bank, National Association	7(a)	11	$2.3M	1.3%	2	+9
18	Wells Fargo Bank National Association	7(a)	11	$833K	1.3%	4	+7
19	Readycap Lending, LLC	7(a)	10	$5.1M	1.2%	12	-2
20	Community Investment Corporation	7(a)	10	$1.9M	1.2%	6	+4
21	Connecticut Community Bank, National Association	7(a)	8	$8.9M	1.0%	5	+3
22	Torrington Savings Bank	7(a)	8	$1.0M	1.0%	4	+4
23	Citizens Bank, National Association	7(a)	7	$5.7M	0.8%	3	+4
24	Newtown Savings Bank	7(a)	5	$1.1M	0.6%	4	+1
25	Ion Bank	7(a)	4	$2.2M	0.5%	3	+1
26	Bay Colony Development Corporation	504	4	$1.9M	0.5%	2	+2
27	Thomaston Savings Bank	7(a)	4	$1.2M	0.5%	2	+2
28	NBT Bank, National Association	7(a)	4	$856K	0.5%	2	+2
29	Northeast Bank	7(a)	4	$488K	0.5%	0	new
30	United Community Bank	7(a)	3	$2.9M	0.4%	1	+2
31	The Bancorp Bank National Association	7(a)	3	$1.4M	0.4%	1	+2
32	First Bank of the Lake	7(a)	3	$1.2M	0.4%	0	new
33	Hanover Community Bank	7(a)	2	—	0.2%	3	-1
34	Wilmington Savings Fund Society FSB	7(a)	2	—	0.2%	1	+1
35	Byline Bank	7(a)	2	—	0.2%	2	0
36	Pathward National Association	7(a)	2	—	0.2%	1	+1
37	HomeTrust Bank	7(a)	2	—	0.2%	0	new
38	Metro City Bank	7(a)	2	—	0.2%	0	new
39	Centerstone SBA Lending, Inc.	7(a)	2	—	0.2%	0	new
40	Avidia Bank	7(a)	2	—	0.2%	2	0

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2022	Change
1	Capitol Planning Region	181	$84.1M	21.7%	139	+42
2	Western Connecticut Planning Region	137	$68.5M	16.4%	90	+47
3	South Central Connecticut Planning Region	99	$47.7M	11.9%	95	+4
4	Naugatuck Valley Planning Region	73	$27.7M	8.8%	51	+22
5	Fairfield County	66	$31.1M	7.9%	85	-19
6	Greater Bridgeport Planning Region	60	$14.3M	7.2%	37	+23
7	Hartford County	57	$20.0M	6.8%	66	-9
8	New Haven County	34	$16.7M	4.1%	48	-14
9	Lower Connecticut River Valley Planning Region	32	$11.7M	3.8%	28	+4
10	Southeastern Connecticut Planning Region	29	$12.8M	3.5%	25	+4
11	Northeastern Connecticut Planning Region	18	$10.9M	2.2%	17	+1
12	Northwest Hills Planning Region	12	$3.4M	1.4%	16	-4
13	New London County	9	$2.1M	1.1%	13	-4
14	Middlesex County	8	$1.9M	1.0%	11	-3
15	Litchfield County	8	$3.7M	1.0%	10	-2
16	Tolland County	6	$2.6M	0.7%	5	+1
17	Windham County	5	$2.9M	0.6%	4	+1

FY2023 against FY2022

Connecticut	FY2023	FY2022
7(a) approvals	744	636
7(a) dollars	$290M	$235M
Median 7(a) approval	$130K	$125K
504 approvals	90	104
504 dollars	$71.7M	$70.8M
Jobs supported, as reported	7,901	7,106

Questions and answers

Which lenders made the most SBA loans in Connecticut in FY2023?

Manufacturers and Traders Trust Company (126), Webster Bank National Association (117), TD Bank, National Association (111), New England Certified Development Corporation (46), KeyBank National Association (41). 82 lenders had at least one approval.

How many SBA loans were approved in Connecticut in FY2023?

834: 744 under 7(a) worth $290M and 90 under 504 worth $71.7M.

Which Connecticut counties had the most SBA approvals in FY2023?

Capitol Planning Region (181), Western Connecticut Planning Region (137), South Central Connecticut Planning Region (99), Naugatuck Valley Planning Region (73), Fairfield County (66).

When does FY2023 start and end?

The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.

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