2024 BOOK OF LISTS | HARTFORDBUSINESS.COM 29
F I N A N C E
LARGEST SBA LENDERS
Ranked by number of FY 2023 loans to Connecticut businesses
Largest SBA lenders
Ranked by number of FY 2023 loans to Connecticut businesses
Lender
No. of loans 2023/
no. of loans 2022 % change number of loans
Amount loaned in 2023/
amount loaned in 2022 % change amount of loans
1
M&T Bank Corp.
850 Main St.,
Bridgeport, CT 06604
203-338-7001; mtb.com
118
65
82%
$17,795,000
$8,377,700
112%
2
TD Bank
2461 Main St.,
Glastonbury, CT 06033
860-652-6507; tdbank.com
103
55
87%
$13,722,800
$9,307,800
47%
3
Webster Bank NA
1959 Summer St.,
Stamford, CT 06905
203-969-1853; public.websteronline.com
101
163
-38%
$36,338,700
$43,018,900
-16%
4
KeyBank NA
225 Trumbull St.,
Hartford, CT 06103
860-240-2626; key.com
39
34
15%
$3,602,700
$4,502,700
-20%
5
BayFirst National Bank
700 Central Ave.,
Saint Petersburg, FL 33701
727-440-6848;
27
3
800%
$5,233,400
$313,000
1,572%
6
Liberty Bank
315 Main St.,
Middletown, CT 06457
888-570-0773; liberty-bank.com
24
32
-25%
$8,214,300
$6,580,000
25%
7
Huntington National Bank
17 South High St.,
Columbus, OH 43215
614-480-4293; huntington.com
24
9
167%
$8,034,100
$1,531,200
425%
8
Newtek Bank NA
1111 Brickell Ave., Ste 135,
Miami, FL 33131
888-681-7238; newtekbank.com
22
N/A
N/A
$9,820,500
N/A
N/A
9
Live Oak Banking Co.
1757 Tiburon Drive,
Wilmington, NC 28403
866-518-0286; liveoakbank.com
15
11
36%
$25,747,000
$12,510,000
106%
10
Newtek Small Business Services
4800 T-Rex Ave., Suite 120,
Boca Raton, FL 33431
800-749-8707; newtekone.com
15
20
-25%
$7,356,400
$13,229,300
-44%
11
Berkshire Bank
927 Farmington Ave.,
West Hartford, CT 06107
860-231-8148; berkshirebank.com
13
7
86%
$14,531,000
$4,816,400
202%
12
Celtic Bank Corp.
268 South State St., Suite 300,
Salt Lake City, UT 84111
801-363-6500; celticbank.com
12
11
9%
$18,995,000
$13,503,700
41%
13
Bank of America NA
30 State House Square,
Hartford, CT 06103
800-432-1000; bankofamerica.com
11
4
175%
$2,736,600
$900,000
204%
14
Wells Fargo Bank NA
205 Church St.,
New Haven, CT 06510
800-869-3557; wellsfargo.com
11
4
175%
$832,800
$59,900
1,290%
15
Readycap Lending
200 Connell Drive,
Berkeley Heights, NJ 07922
800-453-3548; readycapital.com
10
12
-17%
$5,067,500
$3,946,000
28%
16
Savings Bank of Danbury
220 Main St.,
Danbury, CT 06810
203-743-3849; sbdanbury.com
10
9
11%
$2,420,000
$4,019,600
-40%
17
JPMorgan Chase Bank NA
1111 Polaris Parkway,
Columbus, OH 43240
877-302-4273; jpmorganchase.com
10
1
900%
$2,098,000
$200,000
949%
18
Community Investment Corp.
2315 Whitney Ave.,
Hamden, CT 06518
203-776-6172; ciclending.com
10
6
67%
$1,870,600
$997,500
88%
19
Connecticut Community Bank
605 West Ave.,
Norwalk, CT 06850
203-854-9244; ccbankonline.com
8
5
60%
$8,860,200
$2,550,000
247%
20
Torrington Savings Bank
129 Main St.,
Torrington, CT 06790
860-496-2152; torringtonsavings.bank
8
4
100%
$1,035,000
$701,700
47%
21
Citizens Bank NA
1 Citizens Plaza,
Providence, RI 02903
800-922-9999; citizensbank.com
6
3
100%
$5,252,300
$1,603,500
228%
Sour
2022 were updated since last published. N/A = Not applicable.
-Compiled by Heide Martin, hmartin@nebusinessmedia.com
