SBA lender profile
Ascend Bank
Ascend Bank appears in the public SBA loan data with 10 funded 7(a) loans since FY2010, totaling $7.9M, an average of $791K per loan, and an estimated 221 jobs supported. Its SBA lending concentrates in Connecticut and the Manufacturing sector. With only 10 7(a) loans in the data, the sample is too small to read a charge-off rate as a track record.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
Is Ascend Bank the right lender for you?
Ascend Bank appears in the SBA record with 10 funded loans since FY2010, too few to read as a lending pattern. That is not a mark against the institution, but it does mean the record cannot tell you whether it lends to businesses like yours. Lenders with a deeper track record in your state and industry can.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
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 | 10 | $7.9M |
What Ascend Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 5 | $5.1M |
| Real Estate | 1 | $2.2M |
| Professional and Technical Services | 1 | $150K |
| Arts, Entertainment, Recreation | 1 | $150K |
| Accommodation and Food Services | 1 | $125K |
| Health Care and Social Assistance | 1 | $100K |
Ascend Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2012 | 1 | $150K |
| 2014 | 3 | $538K |
| 2018 | 2 | $366K |
| 2019 | 1 | $181K |
| 2022 | 3 | $6.7M |
Related SBA lenders
Other lenders active in Connecticut or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Ascend Bank: frequently asked questions
Does Ascend Bank offer SBA loans?
Yes. Ascend Bank appears in the public SBA data with 10 funded SBA 7(a) loans totaling $7.9M.
How many SBA loans has Ascend Bank made?
Ascend Bank is associated with 10 SBA 7(a) loans totaling $7.9M in the public SBA data (as of 2026-03-31).
What is Ascend Bank's SBA charge-off rate?
Ascend Bank appears with only 10 7(a) loans in the data, too few for a charge-off rate to be meaningful as a track record. The SBA Lender Score treats fewer than 20 loans as insufficient data for the same reason; see our methodology.
Where does Ascend Bank do most of its SBA lending?
Ascend Bank's SBA lending in the data is most concentrated in Connecticut, and by industry in Manufacturing.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Ascend Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/ascend-bank/
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