38 HARTFORDBUSINESS.COM | MAY 13, 2024
THE LISTS
Largest SBA lenders
Ranked by number of loans to Connecticut businesses in fiscal year 2023
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
120
65
85%
$17,715,000
$8,377,700
111%
2
TD Bank
2461 Main St.,
Glastonbury, CT 06033
860-652-6507; tdbank.com
102
54
89%
$13,712,800
$9,287,800
48%
3
Webster Bank (1)
1959 Summer St.,
Stamford, CT 06905
203-969-1853; public.websteronline.com
95
162
-41%
$34,149,200
$42,918,900
-20%
4
KeyBank NA
225 Trumbull St.,
Hartford, CT 06103
860-240-2626; key.com
38
34
12%
$3,582,700
$4,502,700
-20%
5
BayFirst National Bank
700 Central Ave.,
Saint Petersburg, FL 33701
727-440-6848; bayfirstfinancial.com
27
3
800%
$5,233,400
$313,000
1,572%
6
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%
7
Newtek Bank NA
1111 Brickell Ave., Suite 135,
Miami, FL 33131
888-681-7238; newtekbank.com
23
N/A
N/A
$9,930,500
N/A
N/A
8
Liberty Bank
315 Main St.,
Middletown, CT 06457
888-570-0773; liberty-bank.com
23
32
-28%
$8,164,300
$6,580,000
24%
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
14
20
-30%
$5,356,400
$13,229,300
-60%
11
Celtic Bank Corp.
268 South State St., Suite 300,
Salt Lake City, UT 84111
801-363-6500; celticbank.com
13
11
18%
$19,145,000
$13,503,700
42%
12
Berkshire Bank
927 Farmington Ave.,
West Hartford, CT 06107
860-231-8148; berkshirebank.com
13
7
86%
$14,531,000
$4,816,400
202%
13
Bank of America
30 State House Square,
Hartford, CT 06103
860-616-1920; bankofamerica.com
11
3
267%
$2,736,600
$750,000
265%
14
Wells Fargo Bank
956 Chapel St.,
New Haven, CT 06510
203-497-3625; wellsfargo.com
11
4
175%
$832,800
$59,900
1,290%
15
Readycap Lending
200 Connell Drive,
Berkeley Heights, NJ 07922
855-816-0953; readycapital.com
10
12
-17%
$5,067,500
$3,946,000
28%
16
JPMorgan Chase Bank (2)
1111 Polaris Parkway,
Columbus, OH 43240
877-302-4273; jpmorganchase.com
10
1
900%
$2,098,000
$200,000
949%
17
Community Investment Corp.
2315 Whitney Ave.,
Hamden, CT 06518
203-776-6172; ciclending.com
10
6
67%
$1,870,600
$997,500
88%
18
Savings Bank of Danbury
220 Main St.,
Danbury, CT 06810
203-743-3849; sbdanbury.com
9
9
0%
$2,250,000
$4,019,600
-44%
19
Torrington Savings Bank
518 Main St.,
Hartford, CT 06057
860-738-0200; torringtonsavings.bank
8
4
100%
$1,035,000
$701,700
47%
20
Connecticut Community Bank
605 West Ave.,
Norwalk, CT 06850
203-854-9244; ccbankonline.com
7
5
40%
$8,286,400
$2,550,000
225%
21
Citizens Bank NA
15 S. Main St.,
West Hartford, CT 06107
860-586-7410; citizensbank.com
6
3
100%
$5,252,300
$1,603,500
228%
Source: U.S. Small Business Administration.
Note: Includes 7(a) loans for fiscal year ended Sept. 30, 2023; canceled loans are not included. N/A = Not applicable. This list has been updated since last published in the Dec. 26, 2023 issue of Hartford
Business Journal.
(1) On Jan. 30, 2024, Webster Financial, the Stamford-based parent company of Webster Bank,
acquired Wilmington, Mass.-based Ametros Financial Corp. for $350 million from Long Ridge Equity
Partners. Ametros' operations were expected to be fully integrated during Q1 2024.
(2) San Francisco, Calif.-based First Republic Bank is now part of JPMorgan Chase Bank.
-Compiled by Heide Martin, hmartin@nebusinessmedia.com
LARGEST SBA LENDERS
Ranked by number of loans to Connecticut businesses in fiscal year 2023
