SBA lender profile
Ascend Bank
Ascend Bank appears in the public SBA loan data with 3 funded 7(a) loans totaling $6.7M, an average of $2.2M per loan, and an estimated 195 jobs supported. Its SBA lending concentrates in Connecticut and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
3
Total volume
$6.7M
Average loan size
$2.2M
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
195
Programs
7(a)
Bank profile
via FDIC- Total assets
- $1.5B
- Headquarters
- Guilford, CT
- FDIC cert
- #18194
- Status
- Active
Where Ascend Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Connecticut | 3 | $6.7M |
What Ascend Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 2 | $4.4M |
| Real Estate | 1 | $2.2M |
Ascend Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2022 | 3 | $6.7M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Ascend Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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