Issue link: https://nebusinessmedia.uberflip.com/i/1322632
BANKING & FINANCE 26 | BOOK OF LISTS 2021 TOP SMALL BUSINESS ADMINISTRATION LENDERS (Ranked by number of FY 2020 loans to Connecticut businesses) Top Small Business Administration Lenders (Ranked by number of FY 2020 loans to Connecticut businesses) Rank Lender Number of loans 2020 Number of loans 2019 % change number of loans Amount loaned 2020 Amount loaned 2019 % change amount of loans 1 Webster Bank 137 Bank St. Waterbury, CT 06702 59 117 -50% $10,857,000 $35,043,500 -69% 2 People's United Bank 850 Main St. Bridgeport, CT 06604 50 66 -24% $4,720,600 $8,951,800 -47% 3 Liberty Bank 315 Main St. Middletown, CT 06457 28 50 -44% $4,375,000 $5,001,400 -13% 4 TD Bank 2461 Main St. Glastonbury, CT 06033 27 64 -58% $3,518,100 $8,036,000 -56% 5 M&T Bank Corp. 1 M&T Plaza Buffalo, NY 14203 19 48 -60% $2,958,200 $7,954,600 -63% 6 Newtek Small Business Services 1981 Marcus Ave. Lake Success, NY 11042 11 22 -50% $8,105,000 $27,287,700 -70% 7 Berkshire Bank 927 Farmington Ave. West Hartford, CT 06107 10 27 -63% $8,180,500 $11,149,900 -27% 8 KeyBank NA 999 Bedford St. Stamford, CT 06905 9 27 -67% $1,666,400 $16,677,200 -90% 9 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 9 11 -18% $839,100 $1,806,500 -54% 10 Thomaston Savings Bank 203 Main St. Thomaston, CT 06787 9 6 50% $1,474,100 $3,010,000 -51% 11 Jewett City Savings Bank 111 Main St. Jewett City, CT '06351 9 4 125% $993,700 $225,500 341% 12 Wells Fargo Bank, NA 205 Church St. New Haven, CT 06510 8 17 -53% $1,770,000 $3,606,580 -51% 13 Citizens Bank 470 Bank St. New London, CT 06320 8 11 -27% $3,079,000 $2,494,600 23% 14 United Midwest Savings Bank 101 South Main St. De Graff, OH 43318 7 4 75% $3,372,000 $540,000 524% 15 Celtic Bank Corp. 268 South State St., Suite 300 Salt Lake City, UT 84111 6 9 -33% $9,747,500 $7,715,400 26% 16 First Home Bank 700 Central Ave. St. Petersburg, FL 33701 5 13 -62% $1,040,000 $2,674,000 -61% 17 JP Morgan Chase & Co. 675 Bridgeport Ave. Shelton, CT 06484 5 9 -44% $1,364,200 $6,078,800 -78% 18 Stearns Bank 4191 2nd St. South St. Cloud, MN 56301 5 8 -38% $956,300 $1,146,500 -17% 19 Nutmeg State Financial Credit Union 500 Enterprise Drive Rocky Hill, CT 06067 5 N/A N/A $1,031,800 N/A N/A 20 Live Oak Banking Co. 1757 Tiburon Drive Wilmingotn, NC 28403 4 9 -56% $3,952,000 $16,190,000 -76% Source: Small business association. Data includes exclusively 7(a) loans. —Compiled by Timothy Doyle.