Hartford Business Journal

HBJ050525UF

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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

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