Bankwell Bank
Bankwell is a community-focused Connecticut bank founded in 2002 that serves Southern Connecticut with over $3.2 billion in assets. The bank offers specialized expertise in commercial, business, and personal banking, emphasizing excellence in banking with a commitment to client success and community impact.
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VP, Small Balance SBA Credit Manager
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (31 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Bankwell Bank ranks #43 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Bankwell Bank’s 7(a) acquisition lending falls in the $1M-$2M range: 9 loans, 29.0% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 6 | 19.4% | |
| $500K-$1M | 1 | 3.2% | |
| $1M-$2M | 9 | 29.0% | |
| $2M-$3M | 9 | 29.0% | |
| $3M-$4M | 1 | 3.2% | |
| $4M-$5M | 5 | 16.1% |
Industries with highest loan volume
Insurance Agencies and Brokerages
15
loans
$2.5M
avg. amount
Child Care Services
4
loans
$2.7M
avg. amount
All Other Miscellaneous Retailers
2
loans
$328K
avg. amount
Hardware Retailers
1
loans
$2.9M
avg. amount
Limited-Service Restaurants
1
loans
$300K
avg. amount
Snack and Nonalcoholic Beverage Bars
1
loans
$350K
avg. amount
Drinking Places (Alcoholic Beverages)
1
loans
$1.5M
avg. amount
Home Health Care Services
1
loans
$2.1M
avg. amount
Other Business Service Centers (including Copy Shops)
1
loans
$350K
avg. amount
Site Preparation Contractors
1
loans
$3.0M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Bankwell Bank’s median variable rate is + 2.50%, against a market median of Prime + 1.88%, 63 above market.
It priced below the market median in 0 of the last 8 quarters. 1 of the 31 loans in its trailing three-year book carried a fixed rate; the rest were variable.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 3.13% |
| $500K-$1M | Prime + 2.75% |
| $1M-$2M | Prime + 2.42% |
| $2M-$3M | Prime + 2.38% |
| $3M-$4M | Prime + 2.75% |
| $4M-$5M | Prime + 2.10% |
over at time of loan origination
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q3 '19 | Prime + 2.50% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
| Q3 '20 | Prime + 2.50% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 5 |
| Q4 '20 | Prime + 2.25% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 3 |
| Q2 '21 | Prime + 2.25% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 5 |
| Q3 '25 | Prime + 2.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q4 '25 | Prime + 2.50% | Prime + 2.25% | Prime + 1.67% – Prime + 2.75% | 6 |
| Q1 '26 | Prime + 2.13% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 4 |
| Q2 '26 | Prime + 2.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 4 |
Bankwell Bank has originated 7(a) acquisition loans in 14 states, most actively in Texas (8), Florida (5) and Pennsylvania (3). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Texas | 8 | 25.8% |
| Florida | 5 | 16.1% |
| Pennsylvania | 3 | 9.7% |
| Georgia | 3 | 9.7% |
| New Jersey | 2 | 6.5% |
| Maryland | 2 | 6.5% |
| New York | 1 | 3.2% |
| Rhode Island | 1 | 3.2% |
| North Carolina | 1 | 3.2% |
| Illinois | 1 | 3.2% |
| Connecticut | 1 | 3.2% |
| Arizona | 1 | 3.2% |
| California | 1 | 3.2% |
| Montana | 1 | 3.2% |
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