Connecticut Community Bank, National Association
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Connecticut Community Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 112 | $51.2M | $458K | 22.2% |
| 722513 | Limited-Service Restaurants | 56 | $22.9M | $408K | 11.1% |
| 713990 | All Other Amusement and Recreation Industries | 48 | $57.8M | $1.2M | 9.5% |
| 541211 | Offices of Certified Public Accountants | 24 | $12.8M | $531K | 4.8% |
| 423210 | Furniture Merchant Wholesalers | 24 | $20.0M | $834K | 4.8% |
| 561730 | Landscaping Services | 24 | $27.6M | $1.1M | 4.8% |
| 523930 | Investment Advice | 16 | $2.4M | $150K | 3.2% |
| 423120 | Motor Vehicle Supplies and New Parts Merchant Wholesalers | 16 | $9.5M | $596K | 3.2% |
| 238210 | Electrical Contractors | 16 | $5.2M | $327K | 3.2% |
| 811198 | All Other Automotive Repair and Maintenance | 16 | $4.2M | $263K | 3.2% |
Geographic Distribution
SBA lending activity for Connecticut Community Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Connecticut (CT) | 344 | $202.8M | 68.3% |
| Massachusetts (MA) | 32 | $26.7M | 6.3% |
| New York (NY) | 32 | $23.7M | 6.3% |
| Utah (UT) | 24 | $16.9M | 4.8% |
| New Hampshire (NH) | 16 | $13.0M | 3.2% |
| Georgia (GA) | 8 | $9.8M | 1.6% |
| Alabama (AL) | 16 | $5.7M | 3.2% |
| Texas (TX) | 8 | $2.3M | 1.6% |
| Oklahoma (OK) | 8 | $2.0M | 1.6% |
| Delaware (DE) | 8 | $1.4M | 1.6% |
| Rhode Island (RI) | 8 | $1.2M | 1.6% |
Why Choose Connecticut Community Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 504 SBA loans approved, totaling $305.5M in financing
- ✓Industry Expertise: Specialized focus on Insurance Agencies and Brokerages, Limited-Service Restaurants, All Other Amusement and Recreation Industries
- ✓Competitive Terms: Average interest rate of 8.00% with flexible term lengths averaging 145 months
- ✓Loan Range: Loan sizes from $50K to $2.6M, with an average of $606K
- ✓Nationwide Reach: Active lending in 11 states, with strong presence in CT, NY, MA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Connecticut Community Bank, National Association SBA lending
What types of businesses does Connecticut Community Bank, National Association typically finance?
Connecticut Community Bank, National Association specializes in SBA 7(a) lending to specific industries including insurance agencies and brokerages, limited-service restaurants, all other amusement and recreation industries, offices of certified public accountants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Connecticut Community Bank, National Association's typical SBA loan terms?
Connecticut Community Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 8.00% and average term length of 145 months (approximately 12 years). Loan sizes range from $50K to $2.6M, with an average loan size of $606K.
Do I need a business valuation for a Connecticut Community Bank, National Association SBA loan?
Yes, Connecticut Community Bank, National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Connecticut Community Bank, National Association compare to other SBA lenders?
Connecticut Community Bank, National Association has originated 504 SBA loans totaling $305.5M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Connecticut Community Bank, National Association lend in?
Connecticut Community Bank, National Association provides SBA 7(a) financing with particularly strong presence in CT, NY, MA, UT, AL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
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