Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Connecticut.
In 2022 there were 80 SBA lenders that approved 669 SBA 7(a) loans for projects in Connecticut totaling $256,821,600. The average loan amount was $383,889. Borrowers from 142 cities were approved for projects in Connecticut for 226 industries. The SBA loan approvals in 2022 represent 6,224 jobs supported or saved in Connecticut.
There were 37 franchise branded businesses receiving 50 loan approvals for $27,550,800 with an average loan amount of $551,016.
Our forecast model projects $267 million in total Connecticut SBA 7(a) loan approval amounts in 2023 with $31 million to franchise businesses.
Connecticut Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Connecticut Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
