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Ion Bank is a community-based mutual bank founded in 1870 and headquartered in Naugatuck, Connecticut. It offers personal and business banking solutions across Connecticut and New Jersey with 22 branches. The bank provides diverse financial services including checking, savings, lending, and business banking products.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of March 31, 2026
Median
$1.4M
Average
$1.1M
Sweet Spot
$1M-$2M
Industries with highest loan volume
Private Mail Centers
1
loans
$1.5M
avg. amount
Private Mail Centers
Loans
1
Avg. Amount
$1.5M
Beer, Wine, and Liquor Retailers
1
loans
$315K
avg. amount
Beer, Wine, and Liquor Retailers
Loans
1
Avg. Amount
$315K
Automotive Body, Paint, and Interior Repair and Maintenance
1
loans
$1.4M
avg. amount
Automotive Body, Paint, and Interior Repair and Maintenance
Loans
1
Avg. Amount
$1.4M
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.75% |
| $1M-$2M | Prime + 1.25% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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