Top SBA Acquisition Lenders in Connecticut
35 active SBA 7(a) lenders in Connecticut, ranked by acquisition loan count.
Lenders
in Connecticut
Total Volume
Median Rate
Median Loan Size
Top Lenders in Connecticut
Lending by Industry in Connecticut
Covers the 34 of 84 Connecticut loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Connecticut
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 15 | $25.7M | P+1.50% | 0.8% |
| 2 | Manufacturers and Traders Trust Company | 6 | $1.6M | P+2.25% | 1.0% |
| 3 | Webster Bank National Association | 5 | $7.0M | P+1.50% | 1.5% |
| 4 | GBank | 4 | $4.2M | P+1.00% | 0.6% |
| 5 | Liberty Bank | 4 | $748K | P+1.50% | 0.0% |
| 6 | The Bancorp Bank National Association | 3 | $3.1M | P+1.00% | 0.7% |
| 7 | Dominion Bank | 3 | $9.6M | P+2.00% | 0.0% |
| 8 | Community Bank & Trust-West Georgia | 3 | $4.2M | P+2.75% | 2.7% |
| 9 | Rockland Trust Company | 3 | $833K | P+0.00% | 0.0% |
| 10 | Brookline Bank | 3 | $9.6M | P+2.25% | 0.8% |
| 11 | Stearns Bank National Association | 3 | $750K | P+2.25% | 5.5% |
| 12 | First Savings Bank | 2 | $2.1M | P+2.75% | 4.1% |
| 13 | TD Bank, National Association | 2 | $6.2M | P+0.00% | 0.0% |
| 14 | Celtic Bank Corporation | 2 | $4.3M | P+2.50% | 1.9% |
| 15 | Capital Community Bank | 2 | $1.0M | P+2.50% | 0.0% |
| 16 | Dogwood State Bank | 2 | $1.1M | P+2.75% | 0.0% |
| 17 | United Midwest Savings Bank, National Association | 2 | $495K | P+2.75% | 0.2% |
| 18 | Westfield Bank | 2 | $300K | P+0.00% | 0.0% |
| 19 | BayFirst National Bank | 2 | $1.4M | P+2.88% | 4.5% |
| 20 | ConnectOne Bank | 1 | $3.1M | P+2.63% | 0.0% |
| 21 | TowneBank | 1 | $559K | P+2.75% | 0.4% |
| 22 | Ion Bank | 1 | $1.4M | P+2.00% | 0.0% |
| 23 | Port 51 Lending LLC | 1 | $1.8M | P+2.75% | 0.0% |
| 24 | First Bank of the Lake | 1 | $100K | P+2.50% | 1.9% |
| 25 | Grasshopper Bank National Association | 1 | $4.0M | P+3.00% | 0.0% |
Need more specific results?
Filter by industry and loan size, compare rates, and narrow the list to your deal.
Customize your search →SBA 7(a) Lending in Connecticut
Connecticut has 35 active SBA 7(a) acquisition lenders that have originated a combined 84 loans totaling $113.8M in volume. The median acquisition loan size in Connecticut is $1055K, with a median interest rate of Prime + 2.38% (Prime + spread).
When evaluating SBA lenders in Connecticut, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Connecticut?
There are currently 35 active SBA 7(a) lenders in Connecticut based on FOIA lending data. These lenders have originated 84 acquisition loans.
What is the typical SBA loan rate in Connecticut?
The median SBA 7(a) acquisition loan rate in Connecticut is Prime + 2.38% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.