31 SBA loans worth $20.3M went to businesses in Cromwell, CT between October 2021 and June 2026, from 16 lenders. Manufacturers and Traders Trust made the most, 5 loans. The median loan was $243,000, compared with $150,000 across Connecticut, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 5 | $1.1M | $35,000 | 20% |
| 2 | Newtek Bank Bank · Miami, FL | 4 | $1.7M | $412,500 | 0% |
| 3 | TD Bank Bank · Wilmington, DE | 3 | $1.1M | $500,900 | 0% |
| 4 | Liberty Bank Bank · Middletown, CT | 3 | $214K | $50,000 | 67% |
| 5 | Ion Bank Bank · Naugatuck, CT | 2 | $1.8M | $882,500 | 100% |
| 6 | New England Certified Development Certified development company · Wakefield, MA | 2 | $1.2M | $624,000 | 0% |
| 7 | Community Investment Certified development company · Hamden, CT | 2 | $1.2M | $605,000 | 0% |
| 8 | Celtic Bank Bank · Salt Lake City, UT | 2 | $48K | $24,000 | 0% |
| 9 | SouthState Bank Bank · Winter Haven, FL | 1 | $4.6M | $4,558,000 | 0% |
| 10 | Connecticut Community Bank Bank · Norwalk, CT | 1 | $3.6M | $3,556,700 | 0% |
| 11 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $2.4M | $2,400,000 | 0% |
| 12 | Port 51 Lending Non-bank lender · New York, NY | 1 | $730K | $730,000 | 0% |
| 13 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 1 | $350K | $350,000 | 0% |
| 14 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $150K | $150,000 | 0% |
| 15 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $115K | $115,300 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 9 | $500,900 | Newtek Bank | |
| Restaurants and hotels | 5 | $135,000 | Liberty Bank | |
| Administrative and support services | 4 | $562,000 | Manufacturers and Traders Trust | |
| Professional and technical services | 4 | $93,650 | BayFirst National Bank | |
| Construction | 3 | $350,000 | Ion Bank | |
| Other services (repair, personal care) | 2 | $595,500 | Port 51 Lending | |
| Manufacturing | 2 | $325,500 | Manufacturers and Traders Trust | |
| Real estate and rental | 1 | $9,000 | Manufacturers and Traders Trust |