How many SBA 7(a) lenders are active in Connecticut?

There are currently 32 active SBA 7(a) lenders in Connecticut based on FOIA lending data, with 78 acquisition loans originated.

What is the typical SBA loan rate in Connecticut?

The median SBA 7(a) acquisition loan rate in Connecticut is approximately Prime + 2.25%. The SBA caps the spread at 3.0% for loans over $250,000.

What is a PLP lender?

A PLP (Preferred Lender Program) lender has delegated authority from the SBA to make credit decisions without prior SBA review, typically resulting in faster loan processing.

Best SBA Lenders in Connecticut for Business Acquisitions (2026)

#	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	Liberty Bank	4	$748K	P+1.50%	0.0%
5	GBank	4	$4.2M	P+1.00%	0.6%
6	The Bancorp Bank National Association	3	$3.1M	P+1.00%	0.7%
7	Community Bank & Trust-West Georgia	3	$4.2M	P+2.75%	2.7%
8	Dominion Bank	3	$9.6M	P+2.00%	0.0%
9	Stearns Bank National Association	3	$750K	P+2.25%	5.5%
10	Rockland Trust Company	3	$833K	P+0.00%	0.0%
11	Capital Community Bank	2	$1.0M	P+2.50%	0.0%
12	Celtic Bank Corporation	2	$4.3M	P+2.50%	1.9%
13	Westfield Bank	2	$300K	P+0.00%	0.0%
14	TD Bank, National Association	2	$6.2M	P+0.00%	0.0%
15	First Savings Bank	2	$2.1M	P+2.75%	4.1%
16	United Midwest Savings Bank, National Association	2	$495K	P+2.75%	0.2%
17	Dogwood State Bank	2	$1.1M	P+2.75%	0.0%
18	Ion Bank	1	$1.4M	P+2.00%	0.0%
19	Jewett City Savings Bank	1	$1.1M	P+1.50%	0.0%
20	Atlantic Union Bank	1	$393K	P+2.25%	0.0%
21	Grasshopper Bank National Association	1	$4.0M	P+2.75%	0.0%
22	Brookline Bank	1	$1.6M	P+2.25%	0.9%
23	Readycap Lending, LLC	1	$2.4M	P+2.00%	0.7%
24	First Financial Bank	1	$2.8M	P+1.50%	1.0%
25	BayFirst National Bank	1	$1.1M	P+2.75%	3.8%

SBA 7(a) Lending in Connecticut

Connecticut has 32 active SBA 7(a) acquisition lenders that have originated a combined 78 loans totaling $102.8M in volume. The median acquisition loan size in Connecticut is $1070K, with a median interest rate of Prime + 2.25% (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.

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