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Lender record

Ion Bank

The real lending record — every figure below is drawn from public SBA 7(a) loan records (FY2020–present): the loans Ion Bank funded, the businesses, the branches, and its FDIC profile. HQ: 251 Church St, Naugatuck, CT. 37 branches.

Ion Bank banner

29

Recent deals (FY20+)

$315K

Typical deal

46 days

Approval → funding

0%

Failure rate (FY20–23)

Where Ion Bank lends

Deals Ion Bank funded — list all 28 as text

Deal profile

Most Ion Bank deals land between $180K and $765K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

  1. 1.Independent Artists, Writers, and Performers (3)
  2. 2.Offices of All Other Miscellaneous Health Practitioners (2)
  3. 3.Drinking Places (Alcoholic Beverages) (1)
  4. 4.Framing Contractors (1)
  5. 5.Beer, Wine, and Liquor Retailers (1)
  6. 6.Pet and Pet Supplies Retailers (1)
  7. 7.Offices of Physical, Occupational and Speech Therapists, and (1)
  8. 8.Structural Steel and Precast Concrete Contractors (1)

Most active states

  1. 1.Connecticut (29 deals)

Franchises they finance most

Ace Hardware

1 deals

Can Ion Bank fund you? The bank behind the loans

Total assets

$2.8B

▲ 0.5% vs prior quarter

Deposits on hand

$2.3B

▲ 0.8% vs prior quarter

Loans outstanding

$2.0B

▼ 2% vs prior quarter

Net income (latest qtr)

$12.8M

  • •SBA is a sideline here — this year's production is a rounding error against the loan book. Your deal competes with everything else they'd rather fund; a specialist bank will usually move faster. That makes Ion Bank more SBA-focused than 5% of the banks on our record.
  • •Deposits grew last quarter — more raw lending capacity than the quarter before.
  • •Return on assets of 0.93% — under the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.

FDIC call-report data, quarter ending 06/2026.

Recent deals

  • 25 North Ave JKG LLC in Derby, CT — $765K (2026) · Drinking Places (Alcoholic Beverages)
  • Hartland Fabrication LLC in Cromwell, CT — $1.7M (2025) · Framing Contractors
  • Willie C Associates LLC in Wethersfield, CT — $495K (2025) · Offices of All Other Miscellaneous Health Practitioners
  • Willie C Associates LLC in Wethersfield, CT — $495K (2025) · Offices of All Other Miscellaneous Health Practitioners
  • Wine 702 LLC in Shelton, CT — $315K (2025) · purchase · Beer, Wine, and Liquor Retailers
  • BTD Science & Nutrition, LLC in Cheshire, CT — $200K (2025) · Pet and Pet Supplies Retailers
  • The Performance Lab in Prospect, CT — $180K (2025) · Offices of Physical, Occupational and Speech Therapists, and
  • Hartland Fabrication LLC in Cromwell, CT — $100K (2025) · Structural Steel and Precast Concrete Contractors
  • North Country Boatworks LLC in Milford, CT — $90K (2025) · Boat Building
  • XG SPORTS GROUP LLC in Cheshire, CT — $75K (2025) · Sports and Recreation Instruction

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

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Businesses Ion Bank financed

26 businesses on record. Each links to its full SBA record.

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CapBench analysis of public lending records, FY2020–present. Not affiliated with Ion Bank.

Agent summary

This page summarizes Ion Bank's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.

  • 29 SBA 7(a) loans on record
  • $315K typical deal
  • 7 business-acquisition loans
  • HQ: 251 Church St, Naugatuck, CT
  • FDIC total assets $2.8B

Next steps

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Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-10-11.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/lenders/ion-bank
API:
https://www.capbench.com/api/public/lenders/ion-bank
Methodology:
Sources & methodology
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
  • Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.

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