Ion Bank
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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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (3 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Ion Bank ranks #565 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Ion Bank’s 7(a) acquisition lending falls in the $1M-$2M range: 2 loans, 66.7% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 1 | 33.3% | |
| $1M-$2M | 2 | 66.7% |
Industries with highest loan volume
Beer, Wine, and Liquor Retailers
1
loans
$315K
avg. amount
Automotive Body, Paint, and Interior Repair and Maintenance
1
loans
$1.4M
avg. amount
Private Mail Centers
1
loans
$1.5M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Ion Bank’s median variable rate is + 2.00%, against a market median of Prime + 1.88%, 13 above market.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.75% |
| $1M-$2M | Prime + 1.25% |
Ion Bank has originated 7(a) acquisition loans in 1 states, most actively in Connecticut (3). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Connecticut | 3 | 100.0% |
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