Webster Bank ranks as top lender
Webster Bank, which has a branch in Wilton, has been recognized as New England’s top U.S. Small Business Administration (SBA) lender, by dollar volume, according to figures released in October by the SBA.
Webster for the first time placed among the top 100 SBA lenders nationwide, as it partnered with the SBA to more effectively connect small businesses with needed capital, according to a statement issued by the bank.
Webster’s SBA dollar volume in New England totaled $68.5 million for the fiscal year that ended on Sept. 30 — more than double its 2017 total of $30.6 million. The increase helped push Webster well ahead of the SBA’s second-place lender by dollar volume, according to the statement.
“Webster Bank’s status as the top SBA lender in the region demonstrates its growing commitment to the small-business community in New England,” said Anne Hunt, district director for the Connecticut District Office, U.S. Small Business Administration.