# Small business loans in Norwalk, CT

**Short answer:** The most active SBA lenders in Norwalk, CT since FY2024 are M&T Bank (19 loans) and TD Bank (8). The median loan was $90,000, and half fell between $25,000 and $250,000. For free help, see the Connecticut Small Business Development Center. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/connecticut-small-business-loans/norwalk/
Data as of: 2026-06-30

## Lenders making SBA loans in Norwalk

M&T Bank made the most loans in Norwalk, 29% of the total. The three largest lenders together made 49%.

**Lenders with five or more SBA loans in Norwalk, CT, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/) | 19 | 29.2% |
| [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/) | 8 | 12.3% |
| [Connecticut Community Bank](https://www.sbaexpress.loans/sba-express-lenders/connecticut-community-bank/) | 5 | 7.7% |

Share is the percent of all Norwalk loans in that period. Each name links to that lender's page for Connecticut where one exists.

Norwalk has three 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.

## Local help near Norwalk

Norwalk borrowers can start with SBA's district office for Connecticut, an SBDC or SCORE.

48% of Norwalk 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](https://www.sba.gov/district/connecticut)
- [Connecticut Small Business Development Center (University of Connecticut): Small Business Development Center](https://ctsbdc.uconn.edu/)
- [SCORE mentors in Connecticut: Business mentoring](https://www.score.org/ct/)

Alongside SBA loans, Connecticut runs a loan program. The [Connecticut page](https://www.sbaexpress.loans/connecticut-small-business-loans/#loan-programs-in-connecticut) describes it, and the official page is linked here.

- [Connecticut Small Business Boost Fund](https://portal.ct.gov/decd/content/business-development/05_funding_opportunities/connecticut-small-business-boost-fund)

## Loan counts and sizes in Norwalk

Norwalk ranks 3rd by loans since FY2024 among the 6 Connecticut cities with 100 or more SBA loans since FY2020. Nationally it is the 401st busiest of the 580 cities that reach 100 loans.

The 65 loans, 3.0% of the 2,172 in Connecticut, were approved for $14.6 million in all. The median loan was $90,000, 40% below the national median of $150,300. Half of the loans fell between $25,000 and $250,000. The Norwalk median is 23% below the Connecticut median of $117,500.

**Norwalk, CT compared with Connecticut and the nation, loans from FY2024 to June 2026**

| Measure | Norwalk | Connecticut | U.S. |
| --- | --- | --- | --- |
| Loans | 65 | 2,172 | 162,355 |
| Median loan | $90,000 | $117,500 | $150,300 |
| 25th percentile | $25,000 | $50,000 | $50,000 |
| 75th percentile | $250,000 | $324,250 | $500,000 |
| Via SBA Express | 58.5% | 55.5% | 35.8% |
| Lines of credit | 52.3% | 43.0% | 28.1% |
| Startups | 27.7% | 13.9% | 16.1% |
| Ownership changes | n/a | 6.9% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 3.0 | 3.0 | 2.75 |
| Charged off | Fewer than 5 | 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.

58.5% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 52.3% of loans, above the national 28.1%.

SBA loans in Norwalk, CT by size, FY2024 to June 2026

- $50,000 or less (43%): 28
- $50,001 to $150,000 (28%): 18
- $150,001 to $350,000 (14%): 9
- $350,001 to $500,000: Fewer than 5
- $500,001 to $1,000,000: Fewer than 5
- $1,000,001 to $2,000,000: Fewer than 5
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

SBA loans in Norwalk, CT by fiscal year

- FY2020: 8
- FY2021: 16
- FY2022: 10
- FY2023: 35
- FY2024: 22
- FY2025: 25
- FY2026 (through June 30): 18

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume rose 14% from FY2024 (22 loans) to FY2025 (25), the two latest full years. The busiest full year in the file was FY2023, with 35 loans. FY2026 already shows 18 loans through June 30.

Of the 34 loans Norwalk borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 266 jobs supported across the 65 loans since FY2024, about 4.1 per loan. SBA does not audit these estimates.

## What businesses in Norwalk borrow for

Landscaping Services was the largest borrower group in Norwalk since FY2020, with 12 loans or 9.0% of the total.

The three largest industries made up 16% of all Norwalk loans since FY2020. Landscaping Services stands out: its 12 loans are 9.0% of Norwalk loans, against 1.7% nationally, 5.3 times its national share.

**Industries with the most SBA loans in Norwalk, CT, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Landscaping Services](https://www.sbaexpress.loans/industries/landscaping-services/connecticut/) | 12 | 9.0% | 1.7% |
| [Computer Systems Design Services](https://www.sbaexpress.loans/industries/computer-systems-design-services/) | 5 | 3.7% | 0.4% |
| [Fitness and Recreational Sports Centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/connecticut/) | 5 | 3.7% | 2.1% |

Share is the percent of all Norwalk 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 Norwalk

The median Norwalk loan was $90,000 with a median term of 10 years.

The median variable-rate loan in Norwalk was priced at Prime plus 3.0 percentage points at approval. At today's Prime that spread works out to 10.00%. On $90,000 over 10 years, principal and interest would come to about $1,189 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Norwalk loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $25,000 | $330 |
| Median loan | $90,000 | $1,189 |
| 75th percentile loan | $250,000 | $3,304 |

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 $90,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Norwalk loans approved since FY2024 had a median starting rate of 10.85% 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](https://www.sbaexpress.loans/loan-amounts/100000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Norwalk

Norwalk has 9 SBA 504 loans since FY2024, with $13.9 million in SBA and CDC dollars.

The median 504 loan in Norwalk was $1,182,000 in SBA and CDC dollars, 24% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

New England Certified Development Corporation is the Certified Development Company (CDC) named on the most loans since FY2020, with 12. Community Investment Corporation follows with 9. The two CDCs listed are named on 21 loans between them.

**CDCs named on five or more 504 loans in Norwalk, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| New England Certified Development Corporation | 12 |
| Community Investment Corporation | 9 |

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 capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Connecticut cities near Norwalk

Norwalk made up 3.0% of Connecticut's SBA loans since FY2024.

Norwalk is one of 6 Connecticut cities with 100 or more SBA loans since FY2020. The [Connecticut page](https://www.sbaexpress.loans/connecticut-small-business-loans/) covers all 2,172 loans in Connecticut. The closest come first, ranked by county and ZIP code on their loans.

- [Danbury: 51 loans, median $170,000](https://www.sbaexpress.loans/connecticut-small-business-loans/danbury/)
- [Stamford: 79 loans, median $185,000](https://www.sbaexpress.loans/connecticut-small-business-loans/stamford/)
- [Bridgeport: 73 loans, median $90,000](https://www.sbaexpress.loans/connecticut-small-business-loans/bridgeport/)
- [New Haven: 60 loans, median $125,000](https://www.sbaexpress.loans/connecticut-small-business-loans/new-haven/)
- [Hartford: 62 loans, median $100,000](https://www.sbaexpress.loans/connecticut-small-business-loans/hartford/)

## Common questions about SBA loans in Norwalk

### Which lenders make the most SBA loans in Norwalk?

M&T Bank leads with 19 loans in Norwalk since FY2024. TD Bank (8) and Connecticut Community Bank (5) follow. Only lenders with five or more Norwalk loans are counted.

### Which industries get SBA loans in Norwalk?

Landscaping Services leads with 12 loans in Norwalk since FY2020. Computer Systems Design Services (5) and Fitness and Recreational Sports Centers (5) follow.

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](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Connecticut District Office (Hartford and Bridgeport)](https://www.sba.gov/district/connecticut)
- [Connecticut Small Business Development Center (University of Connecticut)](https://ctsbdc.uconn.edu/)
- [SCORE, Connecticut](https://www.score.org/ct/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)