SBA lender profile
Ion Bank
Ion Bank appears in the public SBA loan data with 102 funded 7(a) loans since FY2010, totaling $48.0M, an average of $470K per loan, and an estimated 1,662 jobs supported. Its SBA lending concentrates in Connecticut and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 2.0%. 38.2% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 76
- Scale 53
- Activity 62
- Consistency 79
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Ion Bank the right lender for you?
Lenders fund what they know. Ion Bank's SBA lending concentrates in Connecticut (101 loans) and Manufacturing (17 loans), at an average loan of $470K. If your business does not look like that, a different SBA lender is likely the better fit.
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
- $2.8B
- Headquarters
- Naugatuck, CT
- FDIC cert
- #18198
- Status
- Active
Where Ion Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Connecticut | 101 | $47.6M |
| New Jersey | 1 | $325K |
What Ion Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 17 | $9.3M |
| Real Estate | 5 | $6.5M |
| Retail Trade | 12 | $6.3M |
| Arts, Entertainment, Recreation | 9 | $4.5M |
| Construction | 9 | $4.4M |
| Accommodation and Food Services | 11 | $4.1M |
Ion Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 8 | $1.7M |
| 2011 | 7 | $8.2M |
| 2012 | 11 | $2.3M |
| 2013 | 11 | $1.7M |
| 2014 | 6 | $725K |
| 2015 | 5 | $916K |
| 2016 | 13 | $7.0M |
| 2017 | 5 | $4.0M |
| 2018 | 5 | $864K |
| 2019 | 2 | $675K |
| 2021 | 5 | $5.3M |
| 2022 | 3 | $1.9M |
| 2023 | 4 | $2.2M |
| 2024 | 6 | $6.1M |
| 2025 | 10 | $3.6M |
| 2026 | 1 | $765K |
Related SBA lenders
Other lenders active in Connecticut or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Ion Bank: frequently asked questions
Does Ion Bank offer SBA loans?
Yes. Ion Bank appears in the public SBA data with 102 funded SBA 7(a) loans totaling $48.0M.
How many SBA loans has Ion Bank made?
Ion Bank is associated with 102 SBA 7(a) loans totaling $48.0M in the public SBA data (as of 2026-03-31).
What is Ion Bank's SBA charge-off rate?
About 2.0% of Ion Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Ion Bank do most of its SBA lending?
Ion Bank's SBA lending in the data is most concentrated in Connecticut, and by industry in Manufacturing.
Is Ion Bank an SBA Preferred Lender (PLP)?
The loan record shows Ion Bank operating under PLP delegated authority: 39 of its 7(a) loans (38.2%) were processed through the Preferred Lenders Program, including 16 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
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). Ion Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/ion-bank/
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