2017 Hurricane Recovery: Get information about disaster assistance, or find out how you can help.

SBA Announces 2017 Awardees

Release Date: 
Friday, November 17, 2017
Release Number: 
Moraima Gutierrez (860) 240-4654 Release

HARTFORD, CT – The U. S. Small Business Administration (SBA) announced its 2017 Eagle Award recipients at its Annual Lenders & Partners Meeting yesterday at Stony Creek Brewery in Branford, CT.
 The U.S. Small Business Administration (SBA) lending results in Connecticut for the federal government’s fiscal year ending September 30, 2017 reported positive trends. SBA in Connecticut supported over $284 million dollars in loans through its three premier loan programs: the 7a Loan Guaranty Program, the Certified Development Company/504 Loan Program and the Micro-Loan Program. Connecticut surpassed last year’s loan volume total by 3 percent for a grand total of 819 loans. As a result of these loans, over 6,200 jobs were either created or retained here in Connecticut. 
 This is our fourth consecutive year of increased lending; the upward trend indicates confidence within Connecticut’s financial industry, as banks approved more loans to small businesses who are finding it easier to secure financing.   “One purpose of our Annual Lenders & Partners meeting is to publicly thank our lenders and partners for their tremendous support and utilization of SBA programs to help Connecticut’s small business community” said Anne Hunt, District Director for the SBA.  “We look forward to continued growth in SBA activity and partnerships throughout the coming years.” Eagle Awardees
Top7a Lender by Volume: TD Bank Top 7(a) Lender by Dollars: Newtek Small Business Finance, Inc., Top 504 CDC by Volume & Dollars: CIC-Community Investment Corporation Top 504 3rd Party Lender by Volume: Webster Bank  Top 504 3rd Party Lender by Dollars: Hometown Bank Top SBA Micro Lender by Volume & Dollars: Community Economic Dev. Fund Top Lender to Women: TD Bank Top Lender to Minorities: TD Bank Top Lender to Veterans: Berkshire Bank  Top Lender to Exporters: Berkshire Bank
In addition to loan programs, the SBA and its partners provided counseling and training at numerous locations throughout the state during the past fiscal year; serving over 30,000 small business clients.  The resource partners include Service Corps of Retired Executives (SCORE), the Connecticut Small Business Development Center (CTSBDC), the Women’s Business Centers (WBC’s) and the Veterans Business Outreach Center (VBOC). To find out more about SBA programs and services, or to find a counseling location near you, please call (860) 240-4700 or visit our website at www.sba.gov/ct

Related State: