SBA Lenders in Connecticut
Top lenders ranked by real SBA lending data. See who's most active in Connecticut across deal count, loan size, and pricing.
What Borrowers Should Know
Connecticut's median 7(a) spread of P+2.34% is 41 basis points better than the national median of P+2.75%. This means borrowers here typically pay less interest than peers elsewhere—if you're comparing offers, a rate near P+2.75% or higher should prompt negotiation with your lender.
Two lenders (M&T and Webster Bank) control 71% of the 4,898 total deals in Connecticut. This concentration gives you less negotiating leverage than in more competitive markets. Consider actively reaching out to the 52 other active lenders—many may be hungry for market share and willing to offer better terms.
Connecticut's average deal size of $312,916 is a useful benchmark: if your loan request is significantly smaller, you may face higher per-dollar administrative costs; if it's much larger, you might need to demonstrate stronger financials or collateral to justify stepping above the typical deal.
Total SBA Loans
4,898
Active Lenders
56
Avg Deal Size
$312K
Total Volume
$1.5B
Top 10 Lenders in Connecticut
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | Bank | 606 | $126K | P + 2.50%AVERAGE | |
| 2 | Webster Bank National Association | Bank | 491 | $236K | P + 1.75%GOOD | |
| 3 | TD Bank, National Association | Bank | 320 | $141K | P + 2.25%GOOD | |
| 4 | Liberty Bank | Bank | 194 | $128K | P + 2.00%GOOD | |
| 5 | KeyBank National Association | Bank | 119 | $260K | P + 2.37%AVERAGE | |
| 6 | Brookline Bank, a Division of Beacon Bank and Trust | Bank | 108 | $235K | P + 2.00%GOOD | |
| 7 | New England Certified Developm | CDC/504 | 103 | $598K | — | |
| 8 | Community Investment Corporati | CDC/504 | 98 | $508K | — | |
| 9 | Wells Fargo Bank National Association | Bank | 86 | $267K | P + 2.73%AVERAGE | |
| 10 | Thomaston Savings Bank | Bank | 68 | $228K | P + 1.59%GOOD |
Top Industries in Connecticut
SBA lending activity by industry segment.