Issue link: https://nebusinessmedia.uberflip.com/i/1437648
25 HARTFORDBUSINESS.COM | DECEMBER 27, 2021 FINANCE Top Small Business Administration Lenders (Ranked by number of FY 2021 loans to Connecticut businesses) Top Small Business Administration Lenders (Ranked by number of FY 2021 loans to Connecticut businesses) Rank Lender Number of loans 2021 Number of loans 2020 % change number of loans Amount loaned 2021 Amount loaned 2020 % change amount of loans 1 Webster Bank (1) 137 Bank St. Waterbury, CT 06702 116 59 97% $44,992,000 $10,857,000 314% 2 TD Bank 2461 Main St. Glastonbury, CT 06033 59 27 119% $13,446,400 $3,518,100 282% 3 Liberty Bank 315 Main St. Middletown, CT 06457 57 28 104% $10,983,500 $4,375,000 151% 4 KeyBank NA 999 Bedford St. Stamford, CT 06905 40 9 344% $17,278,300 $1,666,400 937% 5 People's United Bank (2) 850 Main St. Bridgeport, CT 06604 40 50 -20% $6,522,800 $4,720,600 38% 6 M&T Bank Corp. (3) 1 M&T Plaza Buffalo, NY 14203 34 19 79% $10,871,000 $2,958,200 267% 7 Thomaston Savings Bank 203 Main St. Thomaston, CT 06787 22 9 144% $7,900,100 $1,474,100 436% 8 Berkshire Bank 927 Farmington Ave. West Hartford, CT 06107 18 10 80% $20,538,000 $8,180,500 151% 9 Newtek Small Business Services 1981 Marcus Ave. Lake Success, NY 11042 17 11 55% $16,959,400 $8,105,000 109% 10 Live Oak Banking Co. 1757 Tiburon Drive Wilmingotn, NC 28403 16 4 300% $14,268,000 $3,952,000 261% 11 Citizens Bank 39 Church St. New Haven, CT 06510 9 8 13% $6,497,500 $3,079,000 111% 12 United Midwest Savings Bank 101 South Main St. De Graff, OH 43318 9 7 29% $1,350,000 $3,372,000 -60% 13 Community Investment Corp. 2315 Whitney Ave., Suite 2B Hamden, CT 06518 9 3 200% $1,289,100 $373,500 245% 14 Celtic Bank Corp. 268 South State St., Suite 300 Salt Lake City, UT, UT 84111 8 6 33% $9,013,400 $9,747,500 -8% 15 Connecticut Community Bank 1495 Post Road East Westport, CT 06880 8 4 100% $3,843,600 $900,000 327% 16 Jewett City Savings Bank 111 Main St. Jewett City, CT '06351 8 9 -11% $3,182,500 $993,700 220% 17 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 8 9 -11% $1,895,000 $839,100 126% 18 Wells Fargo Bank, NA 205 Church St. New Haven, CT 06510 8 8 0% $1,303,500 $1,770,000 -26% 19 Northwest Community Bank 86 Main St. Winsted, CT 06098 6 2 200% $2,793,500 $1,650,000 69% 20 Bank of America 30 State House Square Hartford, CT 06103 6 3 100% $1,935,100 $2,042,500 -5% 21 Cadence Bank 1349 West Peachtree St. Atlanta, GA 30309 6 2 200% $1,383,000 $525,000 163% 22 ion Bank 251 Church St. Naugatuck, CT 06770 5 0 N/A $5,335,000 $0 0% 23 Readycap Lending 200 Connell Drive Berkeley, NJ 07922 5 2 150% $4,497,600 $2,403,000 87% 24 First County Bank 160 Atlantic St. Stamford, CT 06901 5 1 400% $1,755,000 $300,000 485% 25 Newtown Savings Bank 39 Main St. Newtown, CT 06470 5 2 150% $1,405,000 $3,523,200 -60% 26 JP Morgan Chase & Co. 675 Bridgeport Ave. Shelton, CT 06484 5 5 0% $1,016,000 $1,364,200 -26% 27 Torrington Savings Bank 129 Main St. Torrington, CT 06790 5 0 N/A $966,000 $0 0% Source: Small business association. Data includes exclusively 7(a) loans. (1) Webster Bank parent company Webster Financial Corp. is in the process of merging with Sterling Bancorp in a $10.3 billion deal. After the deal is completed, Webster will move its headquarters to Stamford. (2) People's United Bank is in the process of being acquired by M&T Bank of Buffalo, New York. The deal is expected to close in the fourth quarter of 2021. (3) M&T Bank of Buffalo, New York, is in the process of acquiring People's United Bank. The deal is expected to close in the fourth quarter of 2021. —Compiled by Timothy Doyle.