SBA acquisition lenders in Connecticut
186 SBA 7(a) change-of-ownership loans in Connecticut, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 186
- Total approved
- $237.9M
- Median loan
- $844K
- Middle half of loans
- $289K to $1.8M
- Median starting rate
- 9.25%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in Connecticut
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 37 | 20% | $725K | $48.7M |
| 2 | Manufacturers and Traders Trust Company | 19 | 10% | $250K | $7.0M |
| 3 | Beacon Bank and Trust | 14 | 8% | $2.5M | $34.7M |
| 4 | Santander Bank, National Association | 10 | 5% | $342K | $8.3M |
| 5 | The Huntington National Bank | 9 | 5% | $348K | $8.3M |
| 6 | First Internet Bank of Indiana | 8 | 4% | $425K | $9.8M |
| 7 | Liberty Bank | 6 | 3% | $189K | $1.7M |
| 8 | Celtic Bank Corporation | 4 | 2% | $2.2M | $10.0M |
| 9 | Readycap Lending, LLC | 4 | 2% | $1.8M | $7.2M |
| 10 | FDIC - Community Bank & Trust-West Georgia | 4 | 2% | $1.3M | $4.7M |
| 11 | Rockland Trust Company | 4 | 2% | $246K | $1.4M |
| 12 | ConnectOne Bank | 3 | 2% | $3.1M | $7.6M |
| 13 | City National Bank of Florida | 3 | 2% | $2.1M | $7.3M |
| 14 | Bank of Clarke | 3 | 2% | $2.0M | $4.6M |
| 15 | The Bancorp Bank National Association | 3 | 2% | $1.0M | $3.1M |
What is being bought in Connecticut
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Beer, Wine, and Liquor Retailers | 12 | 6% | $367K | $6.2M |
| 2 | Full-Service Restaurants | 8 | 4% | $295K | $4.8M |
| 3 | Limited-Service Restaurants | 5 | 3% | $350K | $1.6M |
| 4 | Finish Carpentry Contractors | 5 | 3% | $256K | $1.5M |
| 5 | All Other Specialty Trade Contractors | 4 | 2% | $2.0M | $8.5M |
| 6 | Pet Care (except Veterinary) Services | 4 | 2% | $1.8M | $6.5M |
| 7 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 4 | 2% | $1.3M | $5.6M |
| 8 | General Automotive Repair | 4 | 2% | $821K | $3.3M |
| 9 | Home Health Care Services | 4 | 2% | $620K | $2.4M |
| 10 | Pharmacies and Drug Retailers | 3 | 2% | $2.0M | $7.7M |
| 11 | Industrial Machinery and Equipment Merchant Wholesalers | 3 | 2% | $1.8M | $7.5M |
| 12 | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers | 3 | 2% | $1.3M | $6.3M |
| 13 | Other Miscellaneous Durable Goods Merchant Wholesalers | 3 | 2% | $1.8M | $5.8M |
| 14 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | 2% | $1.2M | $4.0M |
| 15 | Other Building Material Dealers | 3 | 2% | $400K | $3.8M |
Connecticut by industry
- Beer, Wine, and Liquor Retailers 12
- Full-Service Restaurants 8
- Limited-Service Restaurants 5
- Finish Carpentry Contractors 5