Small business loans in Hartford, CT
Short answer
The most active SBA lenders in Hartford, CT since FY2024 are M&T Bank (16 loans) and Beacon Bank and Trust (5). The median loan was $100,000, and half fell between $29,675 and $300,000. For free help, see the Connecticut Small Business Development Center. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 62
- approved since FY2024
- $19.12M
- median loan
- $100,000
- through SBA Express
- 56.5%
Lenders making SBA loans in Hartford
M&T Bank made the most loans in Hartford, 26% of the total.
| Lender | Loans | Share |
|---|---|---|
| M&T Bank | 16 | 25.8% |
| Beacon Bank and Trust | 5 | 8.1% |
Share is the percent of all Hartford loans in that period. Each name links to that lender's page for Connecticut where one exists.
Hartford has two lenders with five or more loans since FY2024. Others had fewer, and the Connecticut page counts 112 lenders with at least one approved loan statewide.
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Local help near Hartford
Hartford borrowers can start with SBA's district office for Connecticut, an SBDC or SCORE.
29% of Hartford borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
SBA has one district office for Connecticut. Its page points to state and federal resources and to lenders in the area. The Connecticut Small Business Development Center gives free counseling across Connecticut.
- SBA Connecticut District Office (Hartford and Bridgeport)SBA district office
- Connecticut Small Business Development Center (University of Connecticut)Small Business Development Center
- SCORE mentors in ConnecticutBusiness mentoring
Alongside SBA loans, Connecticut runs a loan program. The Connecticut page describes it, and the official page is linked here.
Loan counts and sizes in Hartford
Hartford ranks 4th by loans since FY2024 among the 6 Connecticut cities with 100 or more SBA loans since FY2020. Nationally it is the 426th busiest of the 580 cities that reach 100 loans.
The 62 loans, 2.9% of the 2,172 in Connecticut, were approved for $19.1 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $100,000, 33% below the national median of $150,300. Half of the loans fell between $29,675 and $300,000. The Hartford median is 15% below the Connecticut median of $117,500.
| Measure | Hartford | Connecticut | U.S. |
|---|---|---|---|
| Loans | 62 | 2,172 | 162,355 |
| Median loan | $100,000 | $117,500 | $150,300 |
| 25th percentile | $29,675 | $50,000 | $50,000 |
| 75th percentile | $300,000 | $324,250 | $500,000 |
| Via SBA Express | 56.5% | 55.5% | 35.8% |
| Lines of credit | 53.2% | 43.0% | 28.1% |
| Startups | 11.3% | 13.9% | 16.1% |
| Ownership changes | n/a | 6.9% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 3.12 | 3.0 | 2.75 |
| Charged off | n/a | 4.2% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
89% of the loans were $500,000 or less, the size SBA Express covers. 56.5% of all loans went through SBA Express, above the national 35.8%. Lines of creditA credit limit you can draw on, repay and draw on again. were 53.2% of loans, above the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 21% from FY2024 (28 loans) to FY2025 (22), the two latest full years. The busiest full year in the file was FY2024, with 28 loans. FY2026 already shows 12 loans through June 30.
Only 26 Hartford loans date from FY2020 to FY2022, too few for a charge-off rate that means anything. Lenders reported 634 jobs supported across the 62 loans since FY2024, about 10.2 per loan. SBA does not audit these estimates.
What businesses in Hartford borrow for
Full-Service Restaurants was the largest borrower group in Hartford, with 8 loans or 12.9% of the total.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 8 | 12.9% | 4.6% |
| General Automotive Repair | 5 | 8.1% | 1.5% |
Share is the percent of all Hartford loans in that period. Industry is the NAICS code on each loan. A name links to the Connecticut page for that industry where one exists.
A typical loan payment in Hartford
The median Hartford loan was $100,000 with a median term of 10 years.
The median variable-rate loan in Hartford was priced at Prime plus 3.12 percentage points at approval. At today's Prime that spread works out to 10.12%. On $100,000 over 10 years, principal and interest would come to about $1,328 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $29,675 | $394 |
| Median loan | $100,000 | $1,328 |
| 75th percentile loan | $300,000 | $3,984 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $100,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 2.9 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Hartford loans approved since FY2024 had a median starting rate of 11% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $100,000 loan and SBA Express payment calculator.
SBA 504 loans near Hartford
Hartford has 6 SBA 504 loans since FY2020, with $4.5 million in SBA and CDC dollars.
Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.
No Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) is named on five or more 504 loans in Hartford, so the list below is Connecticut's. New England Certified Development Corporation is named on the most there, 114 loans since FY2024.
| Certified Development Company | 504 loans |
|---|---|
| New England Certified Development Corporation | 114 |
| Community Investment Corporation | 111 |
| Bay Colony Development Corporation | 7 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Connecticut cities near Hartford
Hartford made up 2.9% of Connecticut's SBA loans since FY2024.
Hartford is one of 6 Connecticut cities with 100 or more SBA loans since FY2020. The Connecticut page covers all 2,172 loans in Connecticut. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Hartford
Which lenders make the most SBA loans in Hartford?
M&T Bank leads with 16 loans in Hartford since FY2024. Beacon Bank and Trust (5) follows. Only lenders with five or more Hartford loans are counted.
Which industries get SBA loans in Hartford?
Full-Service Restaurants leads with 8 loans in Hartford since FY2024. General Automotive Repair (5) follows.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Connecticut District Office (Hartford and Bridgeport)
- Connecticut Small Business Development Center (University of Connecticut)
- SCORE, Connecticut
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Hartford, CT. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/connecticut-small-business-loans/hartford/
Ask lending partners about a loan in Hartford
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.