SBA lender profile
Ion Bank
Ion Bank appears in the public SBA loan data with 29 funded 7(a) loans totaling $19.9M, an average of $686K per loan, and an estimated 447 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
29
Total volume
$19.9M
Average loan size
$686K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
447
Programs
7(a)
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 | 29 | $19.9M |
What Ion Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 5 | $6.6M |
| Construction | 4 | $3.7M |
| Real Estate | 2 | $2.2M |
| Administrative and Support | 1 | $1.5M |
| Health Care and Social Assistance | 5 | $1.4M |
| Other Services | 1 | $1.4M |
Ion Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2021 | 5 | $5.3M |
| 2022 | 3 | $1.9M |
| 2023 | 4 | $2.2M |
| 2024 | 6 | $6.1M |
| 2025 | 10 | $3.6M |
| 2026 | 1 | $765K |
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 Ion 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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