SBA 7(a) loans in Connecticut
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
2,326loans approved
$120,000median loan
$50K–$340Kmiddle half of loans
$844.7Mtotal approved
11%median initial rate
10 yrsmedian term
The median Connecticut loan is 31% smaller than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Full-Service Restaurants (722511) | 102 | $100,000 |
| Limited-Service Restaurants (722513) | 76 | $210,000 |
| Residential Remodelers (236118) | 69 | $100,000 |
| Landscaping Services (561730) | 69 | $70,000 |
| Beer, Wine, and Liquor Retailers (445320) | 58 | $200,000 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 54 | $137,500 |
| Beauty Salons (812112) | 53 | $50,000 |
| Electrical Contractors and Other Wiring Installation Contractors (238210) | 52 | $105,000 |
| All Other Specialty Trade Contractors (238990) | 49 | $100,000 |
| Fitness and Recreational Sports Centers (713940) | 40 | $105,000 |
Most active lenders in Connecticut
| Lender | Loans | Median | Total |
|---|---|---|---|
| Manufacturers and Traders Trust Company | 632 | $50,000 | $66.4M |
| TD Bank, National Association | 218 | $44,800 | $29.9M |
| Santander Bank, National Association | 190 | $150,000 | $65.3M |
| Liberty Bank | 132 | $100,000 | $25.4M |
| Newtek Bank, National Association | 125 | $250,000 | $48.0M |
| Live Oak Banking Company | 88 | $700,000 | $109.8M |
| Keybank National Association | 72 | $30,000 | $13.0M |
| Readycap Lending, LLC | 66 | $119,500 | $27.3M |
| Bayfirst National Bank | 56 | $150,000 | $8.3M |
| Northeast Bank | 54 | $105,550 | $7.4M |
SBA 504 loans in Connecticut
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
258504 loans approved
$580,500median CDC portion
$261.0Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Connecticut
| Lender | Loans | Median | Total |
|---|---|---|---|
| Community Investment Corporation | 123 | $578,000 | $98.3M |
| New England Certified Development Corporation | 120 | $584,500 | $137.4M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.