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30 n e w h a v e n B I Z | M a y 2 0 2 2 | n e w h a v e n b i z . c o m T h e L i s t 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 Lender Number of loans 2021 Number of loans 2020 % change number of loans Amount loaned in 2021 Amount loaned in 2020 % change amount of loans 1 Webster Bank, National Association Waterbury, CT 112 65 72% $43,682,900 $12,269,900 256% 2 TD Bank Glastonbury, CT 58 35 66% $12,746,400 $6,614,100 93% 3 Liberty Bank Middletown, CT 56 30 87% $10,932,900 $4,458,100 145% 4 People's United Bank, National Association (1) Bridgeport, CT 40 52 -23% $6,522,800 $9,054,600 -28% 5 KeyBank NA Stamford, CT 39 14 179% $16,385,500 $6,866,400 139% 6 M&T Bank Corp. (1) Buffalo, NY 34 22 55% $10,871,000 $3,228,200 237% 7 Thomaston Savings Bank Thomaston, CT 21 12 75% $7,635,100 $1,844,100 314% 8 Berkshire Bank West Hartford, CT 18 12 50% $20,538,000 $9,822,500 109% 9 Newtek Small Business Services Lake Success, NY 18 11 64% $17,609,400 $9,020,000 95% 10 Live Oak Banking Co. Wilmingotn, NC 16 11 45% $14,268,000 $13,322,000 7% 11 Citizens Bank Providence, RI 9 9 0% $6,497,500 $2,916,000 123% 12 United Midwest Savings Bank De Graff, OH 9 8 13% $1,350,000 $3,467,000 -61% 13 Community Investment Corp. Hamden, CT 9 4 125% $1,289,100 $598,300 115% 14 Celtic Bank Corp. Salt Lake City, UT, UT 8 7 14% $9,013,400 $10,980,000 -18% 15 Connecticut Community Bank, National Association Westport, CT 8 5 60% $3,843,600 $1,092,200 252% 16 Jewett City Savings Bank Jewett City, CT 8 10 -20% $2,932,500 $1,068,700 174% 17 Savings Bank of Danbury Danbury, CT 8 9 -11% $1,895,000 $839,100 126% 18 Wells Fargo Hartford, CT 8 8 0% $1,303,500 $1,775,000 -27% 19 Northwest Community Bank Winsted, CT 6 2 200% $2,493,500 $1,650,000 51% 20 Bank of America Hartford, CT 6 3 100% $1,935,100 $2,042,500 -5% 21 Cadence Bank Atlanta, GA 6 2 200% $1,383,000 $525,000 163% 22 Ion Bank Naugatuck, CT 5 0 0% $5,335,000 $0 0% 23 Readycap Lending Berkeley, NJ 5 2 150% $4,497,600 $2,403,000 87% 24 First County Bank Stamford, CT 5 1 400% $1,755,000 $300,000 485% 25 Newtown Savings Bank Newtown, CT 5 2 150% $1,405,000 $3,523,200 -60% 26 JP Morgan Chase Bank Greenwich, CT 5 5 0% $1,016,000 $1,364,200 -26% 27 The Torrington Savings Bank Torrington, CT 5 0 0% $966,000 $0 0% Source: Small Business Administration data. Includes exclusively 7(a) loans. (1) Buffalo's M&T Bank announced it had completed its acquisition of People's United Bank on April 2, 2022. -Compiled by Timothy Doyle, tdoyle@nebusinessmedia.com