BlogRankingStateBest Connecticut SBA Lenders & Rates of 2026

Best Connecticut SBA Lenders & Rates of 2026

February 2, 2026
Ranking, State
1 min read

$348.9M
Total Funded

917
Loans Approved

$381K
Avg Loan Size

10.42%
Avg Interest Rate

83
Active Lenders

SBA Loans in Connecticut

Connecticut businesses received $348.9M in SBA 7(a) loan approvals across 917 businesses in 2025. With 83 active SBA lenders competing for business in Connecticut, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Connecticut is $381K, with rates averaging 10.42%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in Connecticut (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Connecticut businesses:

Rank Lender Volume Loans Avg Rate
1 Live Oak Banking Company $58.4M 39 8.92%
2 Webster Bank National Association $25.0M 57 9.01%
3 Manufacturers and Traders Trust Company $23.5M 250 11.32%
4 Newtek Bank, National Association $18.7M 48 10.73%
5 TD Bank, National Association $16.0M 117 10.51%
6 Readycap Lending, LLC $15.3M 21 10.92%
7 Brookline Bank, a Division of Beacon Bank and Trust $12.5M 10 9.63%
8 Bank of America, National Association $10.1M 14 7.38%
9 GBank $9.4M 4 8.94%
10 Ives Bank $9.0M 17 9.44%
11 Celtic Bank Corporation $8.7M 11 10.11%
12 Northeast Bank $8.6M 50 10.79%
13 Community Bank & Trust-West Georgia $7.4M 5 9.70%
14 Wells Fargo Bank National Association $7.3M 14 10.53%
15 Liberty Bank $7.2M 45 10.66%
16 City National Bank of Florida $5.5M 2 10.25%
17 Grasshopper Bank National Association $4.5M 2 10.00%
18 First Internet Bank of Indiana $4.3M 4 10.13%
19 Truliant FCU $4.2M 1 10.00%
20 Hanover Community Bank $4.0M 1 10.25%

🤝 How to Get an SBA Loan in Connecticut

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across Connecticut and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with Connecticut SBA Lenders

Ready to apply for an SBA loan in Connecticut? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

http://gosbaloans.com

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.

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