25 SBA loans worth $18.5M went to businesses in Simsbury, CT between October 2021 and June 2026, from 14 lenders. CIBC Bank USA made the most, 4 loans. The median loan was $299,000, compared with $150,000 across Connecticut, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | CIBC Bank USA Bank · Chicago, IL | 4 | $4.5M | $1,118,650 | 100% |
| 2 | Webster Bank Bank · Stamford, CT | 4 | $436K | $87,500 | 50% |
| 3 | Liberty Bank Bank · Middletown, CT | 3 | $400K | $50,000 | 0% |
| 4 | Live Oak Banking Bank · Wilmington, NC | 2 | $2.9M | $1,440,000 | 0% |
| 5 | Newtek Bank Bank · Miami, FL | 2 | $500K | $250,000 | 50% |
| 6 | Manufacturers and Traders Trust Bank · Buffalo, NY | 2 | $80K | $40,000 | 100% |
| 7 | City National Bank of Florida Bank · Miami, FL | 1 | $5.0M | $5,000,000 | 0% |
| 8 | Community Investment Certified development company · Hamden, CT | 1 | $1.7M | $1,667,000 | 100% |
| 9 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $1.3M | $1,318,000 | 0% |
| 10 | KeyBank Bank · Cleveland, OH | 1 | $995K | $995,000 | 100% |
| 11 | Bank of America Bank · Charlotte, NC | 1 | $333K | $333,000 | 100% |
| 12 | New England Certified Development Certified development company · Wakefield, MA | 1 | $299K | $299,000 | 100% |
| 13 | TD Bank Bank · Wilmington, DE | 1 | $25K | $25,000 | 100% |
| 14 | Northeast Bank Bank · Portland, ME | 1 | $25K | $25,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 6 | $316,000 | Newtek Bank | |
| Professional and technical services | 4 | $1,118,650 | CIBC Bank USA | |
| Education | 3 | $50,000 | Liberty Bank | |
| Other services (repair, personal care) | 3 | $150,000 | Manufacturers and Traders Trust | |
| Retail | 2 | $671,500 | Northeast Bank | |
| Construction | 2 | $1,440,000 | Live Oak Banking | |
| Administrative and support services | 1 | $50,000 | Webster Bank | |
| Arts, entertainment and recreation | 1 | $1,667,000 | Community Investment |