Access the Top SBA Lending for Connecticut Small Business
Connecticut State, with its history and thriving economy creates an environment for small businesses to succeed. From the streets of Hartford to the beauty of New Haven entrepreneurs can find ample chances for development and achievement. By utilizing premier SBA lending programs Connecticut small businesses can secure the backing to propel their ventures forward.
Connecticut
The Constitution State
354,013 small businesses
730,826 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of Connecticut
Between March 2021 and March 2022, 16,510 Connecticut establishments opened and 10,245 closed, for a net increase of 6,265. Employment expanded at 28,454 establishments and contracted at 20,505. Small businesses accounted for 15,892 openings and 9,598 closings.
Establishments in Connecticut
Employment in Connecticut
Between March 2021 and March 2022, 16,510 Connecticut establishments opened and 10,245 closed, for a net increase of 6,265. Employment expanded at 28,454 establishments and contracted at 20,505. Small businesses accounted for 15,892 openings and 9,598 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in Connecticut
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $1.2 billion in loans to Connecticut businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $1.7 billion. Total reported new lending to businesses through loans of $1 million or less was $4.5 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of Connecticut's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in Connecticut
Business Count by Demographic in Connecticut
Total Connecticut Employement by Business Size
Small Business Employment and Payroll by Industry in Connecticut
Source: Business Employment Dynamics (BLS)