SBA business acquisition loans in Connecticut
167 SBA 7(a) change-of-ownership loans totaling $207.9M in FY2024 to FY2026, median $800K, from 49 lenders.
League table
National rankings Top lenders
Top 25 by number of loans, FY2024 to FY2026
| Rank | Lender | Loans | Dollars | Median | FY24–26 trend |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 34 | $42.4M | $712K | +143% |
| 2 | M&T BankBuffalo, NY | 16 | $6.5M | $263K | +50% |
| 3 | Beacon Bank and TrustBoston, MA | 13 | $32.2M | $2.5M | +133% |
| 4 | Santander BankWilmington, DE | 9 | $8.0M | $360K | new |
| 5 | Huntington National BankColumbus, OH | 7 | $6.4M | $348K | +50% |
| 6 | Liberty Bank (Middletown, CT)Middletown, CT | 6 | $1.7M | $189K | +100% |
| 7 | First Internet Bank of IndianaFishers, IN | 5 | $3.2M | $250K | new |
| 8 | Celtic BankSalt Lake City, UT | 4 | $10.0M | $2.2M | +100% |
| 8 | ReadyCap LendingBerkeley Heights, NJ | 4 | $7.2M | $1.8M | −50% |
| 8 | Rockland Trust CompanyRockland, MA | 4 | $1.4M | $246K | +0% |
| 11 | ConnectOne BankEnglewood Cliffs, NJ | 3 | $7.6M | $3.1M | new |
| 11 | City National Bank of FloridaMiami, FL | 3 | $7.3M | $2.1M | new |
| 11 | Bank of ClarkeBerryville, VA | 3 | $4.6M | $2.0M | +100% |
| 11 | Bancorp BankSioux Falls, SD | 3 | $3.1M | $1.0M | new |
| 11 | First Merchants BankMuncie, IN | 3 | $2.4M | $960K | new |
| 16 | KeyBankCleveland, OH | 2 | $4.8M | $2.4M | +0% |
| 16 | Byline BankChicago, IL | 2 | $3.7M | $1.9M | +0% |
| 16 | University BankAnn Arbor, MI | 2 | $3.5M | $1.7M | new |
| 16 | Bankwell BankNew Canaan, CT | 2 | $3.2M | $1.6M | new |
| 16 | GBankLas Vegas, NV | 2 | $2.4M | $1.2M | new |
| 16 | PeoplesBankHolyoke, MA | 2 | $1.7M | $856K | new |
| 16 | Ion BankNaugatuck, CT | 2 | $1.7M | $850K | −100% |
| 16 | Northwest Bank (Warren, PA)Warren, PA | 2 | $1.7M | $836K | new |
| 16 | BayFirst National BankSaint Petersburg, FL | 2 | $1.4M | $699K | new |
| 16 | Stearns BankSaint Cloud, MN | 2 | $1.1M | $570K | −100% |
Ranked by number of loans; ties broken by dollars. Bars are scaled to the leader. Trend: loans per fiscal year, FY2024 to FY2026, with the change from FY2024 to FY2026.
Loan size
Deal size mix
- Under $350K52 loans · 31% · $9.1M
- $350K to $1M44 loans · 26% · $26.8M
- $1M to $2M33 loans · 20% · $46.1M
- $2M to $5M38 loans · 23% · $125.8M
Volume
By fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2024 | 35 | $55.3M |
| FY2025 | 70 | $87.9M |
| FY2026 | 62 | $64.7M |
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