36 HARTFORDBUSINESS.COM | MAY 5, 2025
THE LISTS
Largest SBA lenders
Ranked by number of loans to Connecticut businesses in fiscal year 2024
Lender
No. of loans 2024/
no. of loans 2023 % change number of loans
Amount loaned in 2024/
amount loaned in 2023 % change amount of loans
1
M&T Bank Corp.
850 Main St.,
Bridgeport, CT 06604
203-338-7001; mtb.com
152
107
42%
$18,179,200
$16,968,500
7%
2
Webster Bank
1959 Summer St.,
Stamford, CT 06905
203-969-1853; websterbank.com
87
95
-8%
$29,166,500
$34,077,600
-14%
3
TD Bank
2461 Main St.,
Glastonbury, CT 06033
860-652-3231; tdbank.com
81
101
-20%
$8,133,200
$13,687,800
-41%
4
Newtek Bank
1111 Brickell Ave., Suite 135,
Miami, FL 33131
888-681-7238; newtekbank.com
51
23
122%
$23,835,000
$9,930,500
140%
5
BayFirst National Bank
700 Central Ave.,
Saint Petersburg, FL 33701
727-440-6848; bayfirstfinancial.com
36
26
38%
$4,696,300
$5,185,400
-9%
6
Liberty Bank
315 Main St.,
Middletown, CT 06457
888-570-0773; liberty-bank.com
33
23
43%
$6,781,000
$8,164,300
-17%
7
KeyBank
225 Trumbull St.,
Hartford, CT 06103
860-240-2626; key.com
33
38
-13%
$6,547,000
$3,582,700
83%
8
Northeast Bank
35 Canal St.,
Lewiston, ME 04240
207-786-3245; northeastbank.com
33
4
725%
$5,234,700
$488,300
972%
9
Readycap Lending
200 Connell Drive,
Berkeley Heights, NJ 07922
855-816-0953; readycapital.com
30
10
200%
$8,428,000
$5,067,500
66%
10
Live Oak Banking Co.
1757 Tiburon Drive,
Wilmington, NC 28403
866-518-0286; liveoak.bank
22
15
47%
$33,166,500
$25,747,000
29%
11
JPMorgan Chase Bank (1)
1111 Polaris Parkway,
Columbus, Ohio, OH 43240
877-302-4273; jpmorganchase.com
21
10
110%
$3,120,000
$2,098,000
49%
12
Huntington National Bank
17 South High St.,
Columbus, OH 43215
614-480-4293; huntington.com
19
19
0%
$6,979,900
$6,867,600
2%
13
Berkshire Bank
927 Farmington Ave.,
West Hartford, CT 06107
860-231-8148; berkshirebank.com
18
13
38%
$12,461,700
$14,531,000
-14%
14
Bank of America
30 State House Square,
Hartford, CT 06103
860-616-1920; bankofamerica.com
16
8
100%
$8,022,400
$1,936,600
314%
15
Celtic Bank Corp.
268 South State St., Suite 300,
Salt Lake City, UT 84111
801-363-6500; celticbank.com
14
13
8%
$17,567,900
$19,145,000
-8%
16
United Midwest Savings Bank
101 South Main St.,
De Graff, OH 43318
937-585-5861; umwsb.com
13
2
550%
$5,879,000
$300,000
1,860%
17
Ives Bank (2)
220 Main St.,
Danbury, CT 06810
203-743-3849; ivesbank.com
12
8
50%
$5,216,000
$2,250,000
132%
18
First Bank of the Lake
4558 Osage Beach Parkway, Suite 100,
Osage Beach, MO 65065
573-348-2265; fblake.bank
10
3
233%
$3,275,400
$1,214,900
170%
19
Newtown Savings Bank
32 Church Hill Road,
Newtown, CT 06470
800-461-0672; nsbonline.com
9
4
125%
$2,772,900
$767,900
261%
20
Wells Fargo Bank
956 Chapel St.,
New Haven, CT 06510
203-497-3625; wellsfargo.com
8
11
-27%
$1,672,000
$832,800
101%
21
Union Savings Bank
226 Main St.,
Danbury, CT 06810
866-872-1866; unionsavings.com
8
1
700%
$1,590,000
$135,000
1,078%
Source: U.S. Small Business Administration.
Notes: Includes 7(a) loans for fiscal year ended Sept. 30, 2024; canceled loans are not included. N/A = Not applicable. Some data points updated since publication in the 2025 HBJ Book of Lists, per the latest
U.S. SBA data set.
(1) San Francisco, Calif.-based First Republic Bank is now part of JPMorgan Chase Bank.
(2) Rebranded from Savings Bank of Danbury as of November 4, 2024. SBA data filed under Ives Bank.
-Compiled by Heide Martin, hmartin@nebusinessmedia.com
LARGEST SBA LENDERS
Ranked by number of loans to Connecticut businesses in fiscal year 2024