SBA Lenders in Connecticut
In fiscal years 2021–2026, 160 lenders made 4,568 SBA loans in Connecticut, totaling $1.7 billion. The average loan was $378,873, and 32% went to startups or businesses under two years old.
By program: 1,980 7(a) loans, 2,588 SBA Express and 0 504 (counting both the CDC and partner bank on each project).
Top 10 most active SBA lenders in Connecticut
| # | Lender | SBA loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company Buffalo, NY | 918 | $118,578 | 32% | 7(a), Express |
| 2 | Webster Bank National Association Waterbury, CT | 631 | $337,197 | 23% | 7(a), Express |
| 3 | TD Bank, National Association Wilmington, DE | 500 | $140,588 | 35% | 7(a), Express |
| 4 | Liberty Bank Middletown, CT | 249 | $205,568 | 37% | 7(a), Express |
| 5 | KeyBank National Association Cleveland, OH | 195 | $197,246 | 65% | 7(a), Express |
| 6 | Newtek Bank, National Association Miami, FL | 193 | $466,412 | 25% | 7(a), Express |
| 7 | Northeast Bank Lewiston, ME | 141 | $147,340 | 8% | 7(a) |
| 8 | Live Oak Banking Company Wilmington, NC | 134 | $1,339,432 | 26% | 7(a), Express |
| 9 | The Huntington National Bank Columbus, OH | 113 | $327,569 | 70% | 7(a), Express |
| 10 | Readycap Lending, LLC Berkeley Heights, NJ | 103 | $443,333 | 25% | 7(a) |
Lenders that fund the most startups in Connecticut
- Manufacturers and Traders Trust Company — 291 startup loans (32% of its loans)
- TD Bank, National Association — 175 startup loans (35% of its loans)
- Webster Bank National Association — 147 startup loans (23% of its loans)
- KeyBank National Association — 126 startup loans (65% of its loans)
- Liberty Bank — 92 startup loans (37% of its loans)
SBA loans by industry in Connecticut
- Construction720 loans
- Retail Stores607 loans
- Restaurants & Lodging489 loans
- Personal Services & Repair453 loans
- Health Care448 loans
- Professional Services388 loans
- Manufacturing321 loans
- Cleaning, Landscaping & Admin303 loans
- Wholesale & Distribution195 loans
- Trucking & Transportation172 loans
- Fitness & Entertainment151 loans
- Real Estate & Rental108 loans
- Education & Childcare61 loans
- Media & Technology31 loans
- Agriculture & Fishing21 loans
Related guides
Frequently asked questions
Which lenders make the most SBA loans in Connecticut?
Based on public SBA data for fiscal years 2021–2026, the most active were Manufacturers and Traders Trust Company, Webster Bank National Association, TD Bank, National Association. Also compare their average loan size and how much they lend to startups.
How many SBA loans were made in Connecticut?
4,568 SBA loans totaling $1.7 billion in fiscal years 2021–2026, with an average of $378,873.
Can I get an SBA loan in Connecticut with a green card?
No. Since March 2026, all owners must be U.S. citizens or nationals for SBA 7(a) and 504 loans. CDFIs and some credit unions are good alternatives.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.