SBA Loans for Homes for the Elderly in Connecticut: Top Lenders
NAICS 623NAICS 623 covers homes for the elderly businesses in Connecticut. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Connecticut
Median Loan Size
$150,000
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 623 covers homes for the elderly businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $150,000.
Key trends & insights
- Homes for the Elderly in Connecticut loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2025-03-26 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Homes for the Elderly in Connecticut
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $125,000 | |
| 2 | 1 | $1,240,000 |
Recent SBA 7(a) approvals for Homes for the Elderly in Connecticut
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Live Oak Banking Company | Eve*****LLC | ORANGE, CT | $2,325,000 |
| 2025-05 | Live Oak Banking Company | THE*****NC. | STAMFORD, CT | $1,435,000 |
| 2025-05 | Live Oak Banking Company | THE*****NC. | STAMFORD, CT | $100,000 |
| 2025-03 | Stone Bank | Buc*****nc. | Hartford, CT | $1,240,000 |
| 2025-01 | Newtek Bank, National Association | Car*****LLC | Waterbury, CT | $300,000 |
| 2024-04 | Newtek Bank, National Association | COM*****LLC | WEST HARTFORD, CT | $550,000 |
| 2024-04 | Newtek Bank, National Association | COM*****LLC | WEST HARTFORD, CT | $800,000 |
| 2024-04 | Newtek Bank, National Association | COM*****LLC | WEST HARTFORD, CT | $325,000 |
| 2024-04 | Newtek Bank, National Association | COM*****LLC | WEST HARTFORD, CT | $800,000 |
| 2024-04 | Newtek Bank, National Association | COM*****LLC | WEST HARTFORD, CT | $150,000 |
| 2024-03 | Celtic Bank Corporation | Mer*****LLC | Meriden, CT | $4,613,000 |
| 2024-02 | Newtek Bank, National Association | CHA*****TED | Middletown, CT | $700,000 |
| 2023-03 | Byline Bank | WE *****LLC | PORTLAND, CT | $2,740,000 |
| 2022-02 | Webster Bank National Association | Ble*****LLC | STAMFORD, CT | $100,000 |
| 2021-11 | Webster Bank National Association | Aio*****LLC | BRIDGEPORT, CT | $150,000 |
| 2021-09 | Brookline Bank, a Division of Beacon Bank and Trust | Pla*****LLC | PLAINFIELD, CT | $2,435,000 |
| 2021-07 | Pinnacle Bank | Glo*****LLC | WATERTOWN, CT | $1,116,100 |
| 2021-02 | Webster Bank National Association | THE*****LLC | MADISON, CT | $50,000 |
| 2021-02 | Webster Bank National Association | THE*****LLC | MADISON, CT | $400,000 |
| 2020-09 | First Bank | Cor*****LLC | Meriden, CT | $382,400 |
| 2020-09 | First Bank | Cor*****LLC | Meriden, CT | $567,500 |
| 2020-08 | First Bank | Sil*****LLC | Meriden, CT | $415,000 |
| 2020-08 | First Bank | Eag*****LLC | Chester, CT | $426,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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