SBA Loans for Electrical Contractors in Connecticut: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in Connecticut. Based on historical SBA 7(a) lending data.
Total Approvals
106
in Connecticut
Median Loan Size
$100,000
per approval
Recent Activity
4
last 90 days through Nov 2025
NAICS 238 covers electrical contractors businesses. This is a moderately active sector for SBA 7(a) lending with 106 approvals and a median loan size of $100,000.
Key trends & insights
- Electrical Contractors in Connecticut lending is concentrated — Manufacturers AND Traders Trust Company, Webster Bank, National Association, TD Bank, National Association together account for 63% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Manufacturers AND Traders Trust Company leads this industry with 32 approvals (32% market share) and a median loan of $52,500.
- Electrical Contractors in Connecticut loans skew smaller than the SBA average at $100,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in Connecticut
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 32 | $52,500 | |
| 2 | 21 | $243,000 | |
| 3 | 9 | $25,000 | |
| 4 | 8 | $123,500 | |
| 5 | 3 | $384,500 | |
| 6 | 3 | $150,000 | |
| 7 | 3 | $300,000 | |
| 8 | 3 | $100,000 | |
| 9 | 2 | $130,000 | |
| 10 | 2 | $500,000 | |
| 11 | 2 | $100,000 | |
| 12 | 2 | $111,850 | |
| 13 | 2 | $1,000,000 | |
| 14 | 1 | $100,000 | |
| 15 | 1 | $150,000 | |
| 16 | 1 | $1,880,000 | |
| 17 | 1 | $500,000 | |
| 18 | 1 | $300,000 | |
| 19 | 1 | $350,000 | |
| 20 | 1 | $1,168,700 |
Recent SBA 7(a) approvals for Electrical Contractors in Connecticut
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Manufacturers and Traders Trust Company | WAT*****LLC | COVENTRY, CT | $80,000 |
| 2025-08 | Readycap Lending, LLC | Zoo****ain | SOUTH WINDSOR, CT | $384,500 |
| 2025-06 | Manufacturers and Traders Trust Company | M&J*****LLC | BRIDGEPORT, CT | $45,000 |
| 2025-06 | Manufacturers and Traders Trust Company | Mil*****ens | BETHANY, CT | $65,000 |
| 2025-05 | Readycap Lending, LLC | A2Z*****LLC | STAMFORD, CT | $500,000 |
| 2025-05 | United Midwest Savings Bank National Association | Fir*****ing | DANBURY, CT | $300,000 |
| 2025-05 | BayFirst National Bank | Bre*****LLC | RIDGEFIELD, CT | $150,000 |
| 2025-04 | Citibank, N.A. | Kyn*****LLC | WATERBURY, CT | $15,000 |
| 2025-04 | Manufacturers and Traders Trust Company | Fai*****LLC | BRIDGEPORT, CT | $90,000 |
| 2025-03 | Webster Bank National Association | AME*****LLC | WOLCOTT, CT | $430,000 |
| 2025-03 | Shoreham Bank | War*****LLC | ENFIELD, CT | $208,000 |
| 2025-02 | Manufacturers and Traders Trust Company | Gre*****LLC | BRISTOL, CT | $20,000 |
| 2025-02 | Manufacturers and Traders Trust Company | Gre*****LLC | BRISTOL, CT | $14,000 |
| 2025-02 | Manufacturers and Traders Trust Company | PLU*****LLC | TRUMBULL, CT | $60,000 |
| 2025-01 | Manufacturers and Traders Trust Company | Soy*****LLC | BRISTOL, CT | $32,700 |
| 2025-01 | Manufacturers and Traders Trust Company | Roz*****LLC | AVON, CT | $25,000 |
| 2025-01 | Manufacturers and Traders Trust Company | Soy*****LLC | BRISTOL, CT | $35,000 |
| 2024-12 | Torrington Savings Bank | Eas*****nc. | HARWINTON, CT | $300,000 |
| 2024-12 | TD Bank, National Association | A1 *****.C. | NORTH GROSVENORDALE, CT | $15,000 |
| 2024-12 | Manufacturers and Traders Trust Company | Pre*****LLC | BURLINGTON, CT | $35,000 |
| 2024-11 | Manufacturers and Traders Trust Company | Sto*****LLC | STAMFORD, CT | $35,000 |
| 2024-10 | Lendistry SBLC, LLC | A &*****nc. | East Haven, CT | $500,000 |
| 2024-08 | Readycap Lending, LLC | AVI*****LLC | Norwalk, CT | $50,000 |
| 2024-08 | Northeast Bank | BRE*****LLC | Ridgefield, CT | $50,000 |
| 2024-08 | Manufacturers and Traders Trust Company | D H*****INC | HARTFORD, CT | $100,000 |
| 2024-07 | Manufacturers and Traders Trust Company | Seb*****LLC | SHELTON, CT | $20,000 |
| 2024-06 | Manufacturers and Traders Trust Company | San*****LLC | SHELTON, CT | $80,000 |
| 2024-05 | BayFirst National Bank | OnS*****LLC | WALLINGFORD, CT | $150,000 |
| 2024-05 | Webster Bank National Association | OLS*****LLC | CLINTON, CT | $100,000 |
| 2024-05 | Northeast Bank | MAR*****LLC | Stamford, CT | $150,000 |
| 2024-04 | Webster Bank National Association | Rid*****LC. | BRANFORD, CT | $435,000 |
| 2024-04 | Bank of America, National Association | IDE*****LLC | SOUTH WINDSOR, CT | $200,000 |
| 2024-04 | Ives Bank | EDI*****LLC | HARTFORD, CT | $1,500,000 |
| 2024-04 | Manufacturers and Traders Trust Company | TOP*****LLC | NEW HAVEN, CT | $40,000 |
| 2024-04 | Ives Bank | EDI*****LLC | HARTFORD, CT | $500,000 |
| 2024-04 | Manufacturers and Traders Trust Company | G.A*****.C. | GLASTONBURY, CT | $60,000 |
| 2024-04 | Manufacturers and Traders Trust Company | G.A*****.C. | GLASTONBURY, CT | $27,500 |
| 2024-03 | United Midwest Savings Bank National Association | Con*****LLC | OAKVILLE, CT | $2,644,000 |
| 2024-03 | The Huntington National Bank | Alo*****orp | WILTON, CT | $25,000 |
| 2024-03 | The Huntington National Bank | Alo*****orp | WILTON, CT | $383,000 |
| 2024-03 | TD Bank, National Association | GNE*****LLC | TRUMBULL, CT | $10,000 |
| 2024-02 | Ion Bank | SWE*****INC | HAMDEN, CT | $1,880,000 |
| 2024-02 | TD Bank, National Association | Pre*****LLC | PROSPECT, CT | $25,000 |
| 2023-12 | BayFirst National Bank | Bre*****LLC | RIDGEFIELD, CT | $150,000 |
| 2023-11 | The Huntington National Bank | Bir*****LLC | WEST HARTFORD, CT | $30,000 |
| 2023-11 | The Huntington National Bank | Bir*****LLC | WEST HARTFORD, CT | $227,000 |
| 2023-11 | Union Savings Bank | D. *****LLC | TORRINGTON, CT | $150,000 |
| 2023-11 | Newtek Bank, National Association | Fin*****Inc | Clinton, CT | $100,000 |
| 2023-08 | TD Bank, National Association | Cus*****LLC | BETHEL, CT | $60,000 |
| 2023-08 | Manufacturers and Traders Trust Company | LGE*****LLC | WEST HAVEN, CT | $55,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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