Top SBA Lenders in Connecticut -

SBA loans play a crucial role in providing financial assistance to entrepreneurs and small business owners. For those in Connecticut seeking SBA loans, understanding the key players in the lending landscape is essential. Here’s a breakdown of the top SBA lenders in Connecticut based on the number of loans, average loan amount, and average interest rates.

Connecticut Preferred SBA Lenders

Rank	Bank	Bank HQ	# of Loans	Avg Loan	Avg Interest
1	Webster Bank	Waterbury, CT	125	$325,532	6.5%
2	TD Bank	Wilmington, DE	53	$180,049	9.0%
3	M&T	Buffalo, NY	52	$131,881	7.4%
4	Liberty Bank	Middletown, CT	31	$223,826	7.2%
5	KeyBank	Cleveland, OH	29	$177,290	7.6%
6	Newtek Small Business Finance	Lake Success, NY	19	$621,416	8.5%
7	Readycap Lending, LLC	Berkeley Heights, NJ	13	$292,000	8.2%
8	Berkshire Bank	Pittsfield, MA	11	$913,855	6.9%
9	Celtic Bank	Salt Lake City, UT	11	$1,416,927	7.1%
10	BayFirst National Bank	Saint Petersburg, FL	10	$179,100	9.3%
11	The Huntington National Bank	Columbus, OH	10	$198,820	7.8%
12	Live Oak	Wilmington, NC	9	$1,013,889	6.1%
13	Santander Bank	Wilmington, DE	7	$44,714	8.8%
14	Savings Bank of Danbury	Danbury, CT	7	$496,514	6.3%
15	First County Bank	Stamford, CT	6	$949,633	6.4%
16	Wells Fargo	Sioux Falls, SD	6	$15,817	10.1%
17	BancorpSouth Bank	Tupelo, MS	5	$217,000	7.2%
18	Community Investment Corporation	Hamden, CT	5	$149,920	8.8%
19	Connecticut Community Bank	Norwalk, CT	5	$510,000	5.4%
20	Bank of America	Charlotte, NC	4	$273,800	5.6%
21	Jewett City Savings Bank	Jewett City, CT	4	$171,250	6.4%
22	Torrington Savings Bank	Torrington, CT	4	$137,925	5.8%
23	United Midwest Savings Bank	De Graff, OH	4	$150,000	8.3%
24	Fund-Ex Solutions Group	Davie, FL	3	$1,542,967	6.3%
25	Hanover Community Bank	Mineola, NY	3	$2,105,667	6.9%
26	Harvest Small Business Finance	Laguna Hills, CA	3	$501,333	7.3%
27	Ion Bank	Naugatuck, CT	3	$624,167	5.8%
28	JPMorgan Chase Bank	Columbus, OH	3	$163,333	8.6%
29	Thomaston Savings Bank	Thomaston, CT	3	$96,300	6.8%

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Top Industries for SBA loans in Connecticut

Rank	Industry	# of Loans	Avg Loan	Avg Interest
1	Full-Service Restaurants	32	$332,906	7.7%
2	Residential Remodelers	23	$79,883	7.7%
3	Landscaping Services	14	$151,457	8.4%
4	Limited-Service Restaurants	13	$373,815	6.8%
5	Child Day Care Services	11	$431,118	7.6%
6	Home Health Care Services	10	$535,620	7.3%
7	Supermarkets and Other Grocery (except Convenience) Stores	9	$430,200	7.7%
8	General Freight Trucking, Local	8	$180,625	7.8%
9	Fitness and Recreational Sports Centers	8	$272,188	8.9%
10	Plumbing, Heating, and Air-Conditioning Contractors	8	$177,188	7.6%
11	Electrical Contractors	7	$288,314	6.2%
12	Masonry Contractors	7	$152,786	6.9%
13	Janitorial Services	7	$375,714	7.5%
14	Offices of Lawyers	6	$133,950	6.5%
15	Offices of Dentists	6	$400,300	6.7%
16	Nail Salons	6	$635,917	8.3%
17	Finish Carpentry Contractors	6	$364,283	6.2%
18	General Automotive Repair	6	$327,833	9.1%
19	Insurance Agencies and Brokerages	5	$802,940	6.4%
20	Interior Design Services	5	$102,000	8.2%
21	Offices of Certified Public Accountants	5	$663,000	5.7%
22	Drywall and Insulation Contractors	5	$133,600	7.3%
23	Beauty Salons	4	$174,575	7.9%
24	All Other Specialty Trade Contractors	4	$591,250	8.9%
25	All Other Miscellaneous Schools and Instruction	4	$311,750	5.9%
26	Commercial and Institutional Building Construction	4	$558,750	8.9%
27	Painting and Wall Covering Contractors	4	$175,500	8.5%
28	Pet Care (except Veterinary) Services	4	$323,250	4.9%
29	Offices of Real Estate Agents and Brokers	4	$267,175	7.1%
30	Offices of All Other Miscellaneous Health Practitioners	4	$202,400	5.1%
31	Other Personal Care Services	4	$118,750	9.0%
32	Offices of Mental Health Practitioners (except Physicians)	4	$141,500	6.7%
33	Other Computer Related Services	3	$201,333	6.7%
34	Offices of Physicians (except Mental Health Specialists)	3	$73,333	8.3%
35	Offices of Physical, Occupational and Speech Therapists, and Audiologi	3	$64,667	8.2%
36	Offices of Chiropractors	3	$216,667	7.2%
37	General Freight Trucking, Long Distance, Truckload	3	$43,333	9.7%
38	Funeral Homes and Funeral Services	3	$133,333	5.4%
39	Engineering Services	3	$763,667	6.8%
40	All Other Miscellaneous Store Retailers (except Tobacco Stores)	3	$145,000	5.7%

Top SBA Loan Franchises in Connecticut

Rank	FranchiseName	# of Loans	Avg Loan	Avg Interest
1	Koala Insulation	3	$197,667	7.9%
2	Ellie Mental Health	3	$165,333	6.8%
3	Aire Serv	2	$150,000	9.8%
4	iCode	2	$152,500	9.8%

Top Connecticut SBA Loan Borrowers by Jobs Supported

Rank	Business	Location	Industry	Loan Size	Interest Rate	Jobs
1	TRANSPORTATION MANAGEMENT SOLU	Hartford, CT	School and Employee Bus Transportation	$500K – $1M	9.0%	200
2	BEYOND HOMECARE STAFFING SERVI	Ansonia, CT	Home Health Care Services	$250K – $500K	5.0%	122
3	ALWAYS CARING OF CONNECTICUT	Westport, CT	Home Health Care Services	$250K or less	6.7%	101
4	COTE’S LANDSCAPING AND LAWN SE	Newington, CT	Landscaping Services	$250K or less	9.5%	100
5	4 YOUR PEACE OF MIND LLC	South Windsor, CT	Home Health Care Services	$250K – $500K	9.3%	96
6	AD LEARNING EN LLC	Glastonbury, CT	Child Day Care Services	$500K – $1M	7.5%	85
7	CURECARE LLC	Canton, CT	Home Health Care Services	$2.5M – $5M	7.0%	83
8	THIMBLE ISLAND BREWING COMPANY	Branford, CT	Breweries	$1M – $2.5M	5.9%	76
9	SWEPT AWAY ACQUISITION LLC	Fairfield, CT	Janitorial Services	$1M – $2.5M	5.9%	76
10	LIENZO LLC	Unionville, CT	Full-Service Restaurants	$250K or less	5.9%	72
11	IN-HOME ANGELS LLC	Seymour, CT	Home Health Care Services	$250K or less	8.8%	70
12	TULIMIERI ASSOCIATES INC.	Glastonbury, CT	All Other Miscellaneous Electrical Equipment and Component Manufacturi	$1M – $2.5M	5.0%	64
13	GARGANO FOODS LLC	Old Saybrook, CT	Full-Service Restaurants	$250K or less	6.0%	62
14	MARCEL HOME CARE LLC	Stratford, CT	Services for the Elderly and Persons with Disabilities	$250K or less	10.0%	57
15	DVG LLC	West Haven, CT	Full-Service Restaurants	$250K or less	5.5%	57
16	PROSPECT MEMORIAL FUNERAL HOME	Prospect, CT	Funeral Homes and Funeral Services	$250K or less	5.4%	54
17	P&S ELEMENTS LLC	Avon, CT	Offices of All Other Miscellaneous Health Practitioners	$500K – $1M	6.3%	54
18	MWC ENTERPRISE INC.	Fairfield, CT	Offices of Mental Health Practitioners (except Physicians)	$250K or less	5.3%	52
19	BLOSSOMING MINDS III LLC	Southbury, CT	Child Day Care Services	$250K or less	5.5%	50
20	FUJI MART CORP	Stamford, CT	Supermarkets and Other Grocery (except Convenience) Stores	$250K – $500K	8.5%	50
21	COASTAL CONNECTICUT COUNSELING	Southport, CT	Outpatient Mental Health and Substance Abuse Centers	$500K – $1M	6.5%	50
22	3 JUDGES FITNESS LLC	New Haven, CT	Fitness and Recreational Sports Centers	$500K – $1M	6.0%	50
23	NORTHEASTERN WHOLESALE ENTERPR	Stamford, CT	Tobacco and Tobacco Product Merchant Wholesalers	$1M – $2.5M	7.6%	46
24	WIESE COMPANY LLC	Manchester, CT	Other Individual and Family Services	$250K or less	9.8%	44
25	S&R BROOKFIELD LLC	Brookfield, CT	Limited-Service Restaurants	$250K – $500K	6.0%	42
26	EMEK SECURITY TRAINING	Woodbridge, CT	Security Guards and Patrol Services	$250K or less	5.8%	41
27	AGISSAR CORPORATION	Stratford, CT		$1M – $2.5M	5.2%	41
28	TANU INFOTECH INC	Windsor, CT	Employee Leasing Services	$250K or less	9.0%	40
29	JGM RESTAURANT GROUP LLC	Wallingford, CT	Full-Service Restaurants	$1M – $2.5M	9.3%	38
30	MMCHJS LLC	Weston, CT	Supermarkets and Other Grocery (except Convenience) Stores	$1M – $2.5M	6.0%	36
31	UTILITY COMMUNICATIONS INC	Hamden, CT	Radio and Television Broadcasting and Wireless Communications Equipmen	$1M – $2.5M	5.8%	36
32	AIREX RUBBER PRODUCTS CORPORAT	Portland, CT	All Other Rubber Product Manufacturing	$250K – $500K	6.0%	32
33	ROSEWOOD HOLDINGS INC.	South Windsor, CT	Child Day Care Services	$1M – $2.5M	7.3%	32
34	ISPA NAILS & SPA	Milford, CT	Nail Salons	$2.5M – $5M	9.0%	31
35	STILLWATER GRILL LLC	Stafford Springs, CT	Full-Service Restaurants	$250K – $500K	9.3%	30
36	EASTERN DUCTS LLC	Bozrah, CT	Sheet Metal Work Manufacturing	$500K – $1M	4.9%	30
37	71 DOLPHIN ROAD LLC	Bristol, CT	Electrical Contractors	$500K – $1M	4.8%	30
38	AMICI RESTAURANT GROUP LLC	Hamden, CT	Full-Service Restaurants	$250K or less	10.0%	28
39	ALL FULFILLMENT DIRECT LLC	Berlin, CT	Private Mail Centers	$500K – $1M	4.8%	28
40	BENJI WAG & WOOF LLC	Bridgeport, CT	Pet Care (except Veterinary) Services	$1M – $2.5M	5.5%	28
41	DEEP ROOTS STREET FOOD	Granby, CT	Limited-Service Restaurants	$1M – $2.5M	6.3%	28
42	FOXFIRE CONNECTICUT LLC	Litchfield, CT	Bed-and-Breakfast Inns	$2.5M – $5M	6.3%	27
43	GLORY DAYS LLC	Watertown, CT	Homes for the Elderly	$250K or less	6.0%	26
44	BOVE BROTHERS LLC	Oakdale, CT	Construction Sand and Gravel Mining	$1M – $2.5M	7.5%	26
45	BRASS LANTERN INC.	Canton, CT	Full-Service Restaurants	$1M – $2.5M	4.5%	26
46	TRINITY ATHLETIC GROUP L.L.C.	Danbury, CT	Fitness and Recreational Sports Centers	$250K or less	10.2%	25
47	FIVE CHURCHES BREWING LLC	Niantic, CT	Drinking Places (Alcoholic Beverages)	$250K – $500K	9.0%	25
48	J & M STEEL ERECTORS LLC	Durham, CT	Other Construction Material Merchant Wholesalers	$500K – $1M	5.0%	25
49	NOODLES & COMPANY	Middleton, CT	Limited-Service Restaurants	$500K – $1M	7.3%	25
50	MYKONOS MEDITERRANEAN RESTAURA	Newington, CT	Full-Service Restaurants	$250K or less	6.3%	24
51	MCCLANAHAN ADVISORY GROUP PC	Southbury, CT	Offices of Certified Public Accountants	$1M – $2.5M	5.5%	24
52	RBS PROPERTY MANAGEMENT COMPAN	Norwich, CT	Breweries	$1M – $2.5M	5.5%	24
53	AMICI ON BROADWAY LLC	North Haven, CT	Full-Service Restaurants	$250K or less	10.0%	23
54	CLEARSTAK LLC	Putnam, CT	Testing Laboratories	$250K or less	6.0%	22
55	BOVE BROTHERS LLC	Oakdale, CT	Other Crushed and Broken Stone Mining and Quarrying	$500K – $1M	6.0%	22
56	SWEET BASIL FAIRFIELD LLC	Fairfield, CT	Full-Service Restaurants	$1M – $2.5M	6.0%	22
57	THOMAS INVESTMENT COMPANIES L	East Lyme, CT	Full-Service Restaurants	$250K or less	4.5%	21
58	CHRIS’ CYCLE CENTRE LLC	Mystic, CT	Sporting Goods Stores	$250K or less	4.5%	21
59	WHMENTALHEALTH LLC	West Hartford, CT	Offices of Mental Health Practitioners (except Physicians)	$250K or less	9.8%	21
60	DEGREE INCORPORATED	Glastonbury, CT	Plumbing, Heating, and Air-Conditioning Contractors	$250K – $500K	5.3%	20
61	RICAVI ENTERPRISES LLC	Southington, CT	Other Activities Related to Real Estate	$250K – $500K	7.5%	20
62	ATTICUS BAKERY LLC	New Haven, CT	Retail Bakeries	$500K – $1M	9.8%	20
63	JK ALLEN ENTERPRISES CORP.	West Hartford, CT	Confectionery and Nut Stores	$500K – $1M	7.3%	20
64	LANDSERV INC.	Stamford, CT	Landscaping Services	$500K – $1M	6.0%	20
65	LITTLE SCRIBBLES CHILD CARE &	Ellington, CT	Child Day Care Services	$500K – $1M	9.3%	20
66	STRATFORD DELIVERY CORP.	Stratford, CT	Local Messengers and Local Delivery	$1M – $2.5M	8.3%	20
67	SERRANDIPITY LLC	Rockfall, CT	Ice Cream and Frozen Dessert Manufacturing	$250K or less	8.0%	19
68	APW ENTERPRISES LLC	Morris, CT	All Other Specialty Trade Contractors	$1M – $2.5M	8.3%	19
69	SAI CHIRAVI LLC	West Haven, CT	Coin-Operated Laundries and Drycleaners	$2.5M – $5M	4.0%	19
70	DEV HOSPITALITY LLC	Manchester, CT	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	5.5%	19
71	STONEWALL GARDEN LLC	Monroe, CT	Landscaping Services	$250K or less	7.8%	18
72	WHOLESOME POOL AND SPA	North Haven, CT	All Other Specialty Trade Contractors	$500K – $1M	9.8%	18
73	MUSE NAILS SPA INC	Norwalk, CT	Nail Salons	$250K or less	10.8%	17
74	ACADEMY OF EARLY LEARNING LLC	Cheshire, CT	Child Day Care Services	$250K or less	5.8%	17
75	TOTAL LAND MANAGEMENT LLC	Waterbury, CT	Landscaping Services	$250K – $500K	9.0%	17
76	WIN LOCAL INC.	Stamford, CT	Data Processing, Hosting, and Related Services	$1M – $2.5M	10.0%	17
77	DISCOVERY CENTER PRESCHOOL IN	Berlin, CT	Educational Support Services	$250K or less	7.0%	16
78	STEPHEN J. BRUNO ASSOCIATES L	West Hartford, CT	Hardware Merchant Wholesalers	$250K or less	4.9%	16
79	COTTONTAILS CHILDCARE AND LEAR	Stamford, CT	Child Day Care Services	$500K – $1M	7.8%	16
80	NUTMEG PHARMACY	Centerbrook, CT		$1M – $2.5M	5.8%	16
81	ATITLAN VENTURES LLC	Bethel, CT	Electrical Contractors	$250K – $500K	8.0%	15
82	AUTOMATIC DOOR DR INC	Wallingford, CT	Other Services to Buildings and Dwellings	$1M – $2.5M	9.0%	15
83	BOSTON DOCUMENT SYSTEMS INC.	Cromwell, CT	All Other Business Support Services	$2.5M – $5M	5.8%	15
84	FEST FOODS LLC	New Haven, CT	Full-Service Restaurants	$250K or less	7.8%	14
85	BLESSED HOUSE LLC	Stamford, CT	Homes for the Elderly	$250K or less	5.8%	14
86	KRUPA OIL COMPANY INC.	Suffield, CT		$250K or less	6.4%	14
87	BRIDGEWORKS HEATING & COOLING	Plainville, CT	Plumbing, Heating, and Air-Conditioning Contractors	$250K – $500K	5.3%	14
88	BUCKBOARD DELIVERY INC.	South Windsor, CT	General Freight Trucking, Local	$500K – $1M	6.0%	14
89	HARTFORD HOSPITAALITY LLC	Windsor Locks, CT	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	8.5%	14
90	TWP COMMERCIAL PROPERTIES LLC	East Haven, CT	Home Health Care Services	$250K or less	5.8%	13
91	MEXAY LLC	Guilford, CT	Full-Service Restaurants	$250K or less	9.1%	13
92	KIDS DENTAL CARE LLC	Bristol, CT	Offices of Dentists	$250K – $500K	8.0%	13
93	JC MAINTENANCE	Windsor, CT	Janitorial Services	$250K or less	6.5%	12
94	VINES XV LLC	Ridgefield, CT	Limited-Service Restaurants	$250K or less	6.8%	12
95	THE CURRY QUEEN LLC	Old Saybrook, CT	Full-Service Restaurants	$250K or less	10.0%	12
96	REDWOOD ARTISANAL BEVERAGES L	Norwich, CT	Packaging and Labeling Services	$250K or less	6.5%	12
97	HORIZON496 INC.	South Glastonbury, CT	Drywall and Insulation Contractors	$250K or less	8.3%	12
98	568SYSTEMS INC	Berlin, CT	Other Computer Related Services	$250K or less	6.5%	12
99	ORGANIKA 171 INC.	Darien, CT	Full-Service Restaurants	$250K – $500K	5.3%	12
100	HASLAM ENTERPRISES CORP.	Danbury, CT	Painting and Wall Covering Contractors	$250K – $500K	8.3%	12

Note about SBA lenders near me in Connecticut

When it comes to top Connecticut SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Connecticut preferred lender list, 2) approved lenders in Connecticut, or 3) active participants in the Connecticut SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Connecticut swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Connecticut, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.

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