SBA loans in Connecticut, FY2025

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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 1,091 loans in Connecticut: 1,005 under 7(a) and 86 under 504, worth $480M.

That is up 12% on FY2024, when there were 975 approvals worth $382M.

Connecticut accounted for 1.3% of the 84,840 approvals nationwide that year. 90 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 240.

1,091approvalsFY2024: 975

$480Mdollars approvedFY2024: $382M

$130Kmedian 7(a) approvalFY2024: $120K

90lenders with an approval

8,767jobs 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 FY2025, of 90 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2024	Change
1	Manufacturers and Traders Trust Company	7(a)	240	$24.2M	22.0%	168	+72
2	TD Bank, National Association	7(a)	126	$17.8M	11.5%	98	+28
3	Northeast Bank	7(a)	71	$10.8M	6.5%	38	+33
4	Webster Bank National Association	7(a)	64	$30.5M	5.9%	95	-31
5	Newtek Bank, National Association	7(a)	57	$28.7M	5.2%	64	-7
6	Liberty Bank	7(a)	55	$8.6M	5.0%	40	+15
7	New England Certified Development Corporation	504	47	$49.4M	4.3%	36	+11
8	Community Investment Corporation	504	35	$28.2M	3.2%	31	+4
9	Live Oak Banking Company	7(a)	31	$51.4M	2.8%	24	+7
10	Readycap Lending, LLC	7(a)	29	$16.5M	2.7%	32	-3
11	KeyBank National Association	7(a)	28	$3.3M	2.6%	36	-8
12	The Huntington National Bank	7(a)	26	$7.2M	2.4%	24	+2
13	BayFirst National Bank	7(a)	21	$3.7M	1.9%	38	-17
14	Ives Bank	7(a)	19	$9.5M	1.7%	15	+4
15	Wells Fargo Bank National Association	7(a)	16	$7.3M	1.5%	8	+8
16	Bank of America, National Association	7(a)	12	$8.4M	1.1%	17	-5
17	Citizens Bank, National Association	7(a)	12	$6.7M	1.1%	4	+8
18	Beacon Bank and Trust	7(a)	11	$16.1M	1.0%	18	-7
19	Celtic Bank Corporation	7(a)	11	$4.2M	1.0%	15	-4
20	Ion Bank	7(a)	10	$3.6M	0.9%	6	+4
21	Connecticut Community Bank, National Association	7(a)	9	$3.7M	0.8%	7	+2
22	Lendistry SBLC, LLC	7(a)	9	$2.7M	0.8%	5	+4
23	United Midwest Savings Bank National Association	7(a)	8	$2.3M	0.7%	15	-7
24	First Bank of the Lake	7(a)	8	$2.1M	0.7%	10	-2
25	JPMorgan Chase Bank, National Association	7(a)	7	$3.4M	0.6%	22	-15
26	FDIC - Community Bank & Trust-West Georgia	7(a)	5	$7.4M	0.5%	0	new
27	Colony Bank	7(a)	5	$2.2M	0.5%	4	+1
28	GBank	7(a)	4	$9.4M	0.4%	1	+3
29	Byline Bank	7(a)	4	$7.0M	0.4%	2	+2
30	First Internet Bank of Indiana	7(a)	4	$4.3M	0.4%	1	+3
31	VelocitySBA, LLC	7(a)	4	$3.9M	0.4%	2	+2
32	Bankwell Bank	7(a)	4	$2.3M	0.4%	2	+2
33	Jewett City Savings Bank	7(a)	4	$2.3M	0.4%	0	new
34	First Merchants Bank	7(a)	4	$2.3M	0.4%	2	+2
35	Thomaston Savings Bank	7(a)	4	$1.4M	0.4%	0	new
36	Stearns Bank National Association	7(a)	4	$1.3M	0.4%	2	+2
37	Citibank, N.A.	7(a)	4	$145K	0.4%	1	+3
38	ConnectOne Bank	7(a)	3	$6.8M	0.3%	0	new
39	First National Bank of Pennsylvania	7(a)	3	$3.0M	0.3%	0	new
40	The Bancorp Bank National Association	7(a)	3	$2.1M	0.3%	1	+2

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2024	Change
1	Capitol Planning Region	275	$134M	25.2%	211	+64
2	Western Connecticut Planning Region	218	$110M	20.0%	155	+63
3	South Central Connecticut Planning Region	152	$73.1M	13.9%	126	+26
4	Naugatuck Valley Planning Region	107	$44.2M	9.8%	86	+21
5	Greater Bridgeport Planning Region	100	$22.2M	9.2%	83	+17
6	Lower Connecticut River Valley Planning Region	62	$30.6M	5.7%	27	+35
7	Southeastern Connecticut Planning Region	54	$19.0M	4.9%	37	+17
8	Fairfield County	34	$8.6M	3.1%	54	-20
9	Northeastern Connecticut Planning Region	24	$9.6M	2.2%	10	+14
10	Hartford County	19	$9.4M	1.7%	65	-46
11	Northwest Hills Planning Region	15	$4.0M	1.4%	40	-25
12	New Haven County	14	$5.4M	1.3%	43	-29
13	Litchfield County	6	$1.1M	0.5%	8	-2
14	New London County	5	$865K	0.5%	8	-3
15	Middlesex County	3	$7.8M	0.3%	11	-8
16	Tolland County	2	—	0.2%	7	-5
17	Windham County	1	—	0.1%	4	-3

FY2025 against FY2024

Connecticut	FY2025	FY2024
7(a) approvals	1,005	902
7(a) dollars	$389M	$319M
Median 7(a) approval	$130K	$120K
504 approvals	86	73
504 dollars	$90.9M	$62.7M
Jobs supported, as reported	8,767	9,440

Questions and answers

Which lenders made the most SBA loans in Connecticut in FY2025?

Manufacturers and Traders Trust Company (240), TD Bank, National Association (126), Northeast Bank (71), Webster Bank National Association (64), Newtek Bank, National Association (57). 90 lenders had at least one approval.

How many SBA loans were approved in Connecticut in FY2025?

1,091: 1,005 under 7(a) worth $389M and 86 under 504 worth $90.9M.

Which Connecticut counties had the most SBA approvals in FY2025?

Capitol Planning Region (275), Western Connecticut Planning Region (218), South Central Connecticut Planning Region (152), Naugatuck Valley Planning Region (107), Greater Bridgeport Planning Region (100).

When does FY2025 start and end?

The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.

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