SBA Lenders in Connecticut
22 active SBA lenders · 2,313 loans approved · $1.0B total volume
All SBA Lenders in Connecticut
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Webster Bank National Association | WATERBURY | 1,393 | $521.4M | $374K | ⭐ |
| Liberty Bank | Middletown | 256 | $57.1M | $223K | ⭐ |
| Bankwell Bank | New Canaan | 135 | $169.6M | $1.3M | ⭐ |
| Patriot Bank, National Association | STAMFORD | 85 | $93.4M | $1.1M | ⭐ |
| Ives Bank | DANBURY | 84 | $32.8M | $390K | ⭐ |
| Community Investment Corporation | Hamden | 72 | $11.5M | $160K | — |
| Connecticut Community Bank, National Association | Norwalk | 63 | $38.2M | $606K | ⭐ |
| Thomaston Savings Bank | Thomaston | 45 | $13.1M | $291K | ⭐ |
| Jewett City Savings Bank | JEWETT CITY | 37 | $10.8M | $291K | — |
| Newtown Savings Bank | Newtown | 31 | $13.3M | $429K | ⭐ |
| Ion Bank | NAUGATUCK | 28 | $19.1M | $683K | ⭐ |
| Torrington Savings Bank | TORRINGTON | 24 | $4.0M | $165K | — |
| First County Bank | STAMFORD | 16 | $8.6M | $538K | — |
| Union Savings Bank | DANBURY | 11 | $1.9M | $168K | — |
| Nutmeg State Financial Credit Union | ROCKY HILL | 11 | $2.4M | $221K | — |
| Northwest Community Bank | WINSTED | 9 | $4.2M | $469K | — |
| Chelsea Groton Bank | Norwich | 6 | $2.9M | $476K | ⭐ |
| Ascend Bank | GUILFORD | 3 | $6.7M | $2.2M | — |
| Fairfield County Bank | RIDGEFIELD | 1 | $4.7M | $4.7M | — |
| 360 FCU | WINDSOR LOCKS | 1 | $81K | $81K | — |
| Windsor Federal Bank | Windsor | 1 | $135K | $135K | — |
| Essex Bank | ESSEX | 1 | $100K | $100K | — |
Finding an SBA Lender in Connecticut
There are currently 22 SBA-approved lenders headquartered in Connecticut, ranging from national banks to local community lenders. Together they have approved 2,313 SBA 7(a) loans totaling $1.0B since 2020.
Of these, 10 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Connecticut
How many SBA lenders are in Connecticut?
There are currently 22 SBA-approved lenders headquartered in Connecticut. Together they have approved 2,313 SBA 7(a) loans totaling $1.0B since 2020. Of these, 10 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Connecticut?
An SBA Preferred Lender (PLP) in Connecticut is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Connecticut currently has 10 Preferred Lenders.
How do I choose the best SBA lender in Connecticut?
When choosing an SBA lender in Connecticut, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 22 Connecticut lenders so you can compare objectively.
How long does SBA loan approval take in Connecticut?
With an SBA Preferred Lender in Connecticut, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.