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Lender record

Ion Bank

The real lending record — every figure from funded deals. HQ: 251 Church St, Naugatuck, CT. 37 branches.

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

▲ 1.4% vs prior quarter

Deposits on hand

$2.3B

▲ 1.3% vs prior quarter

Loans outstanding

$2.0B

▲ 0% vs prior quarter

Net income (latest qtr)

$5.9M

  • •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 4% of the banks on our record.
  • •Deposits grew last quarter — more raw lending capacity than the quarter before.
  • •Return on assets of 0.85% — 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 03/2026.

Walk into a Ion Bank branch (37)

Ion BankMain office251 Church StNaugatuck, CT 06770 · since 1870 · limited service

Tenafly Branch80 County RdTenafly, NJ 07670 · since 1887

Cresskill Branch189 County RdCresskill, NJ 07626 · since 1887

Leonia Branch310 Broad AveLeonia, NJ 07605 · since 1887

Teaneck Branch1505 Teaneck RdTeaneck, NJ 07666 · since 1887

Hillsdale Branch159 BroadwayHillsdale, NJ 07642 · since 1893

Oxford Branch71 Oxford RdOxford, CT 06478 · since 1974

Middlebury Branch600 Middlebury RdMiddlebury, CT 06762 · since 1982

Church Street Branch87 Church StreetNaugatuck, CT 06770 · since 1988

Woodbury Branch670 Main St NWoodbury, CT 06798 · since 1989

Executive Branch76 Engle StEnglewood, NJ 07631 · since 1992 · limited service

New Milford Branch400 River RdNew Milford, NJ 07646 · since 1997

Cheshire Branch218 Maple AveCheshire, CT 06410 · since 1998

Closter Branch175 Homans AveCloster, NJ 07624 · since 1999

Bergenfield Branch135 N Washington AveBergenfield, NJ 07621 · since 1999

Southbury Branch363 Main St SSouthbury, CT 06488 · since 2000

Watertown Branch544 Straits TpkeWatertown, CT 06795 · since 2000

Montville Branch223 Changebridge RdMontville, NJ 07045 · since 2001

Prospect Branch24 Waterbury RdProspect, CT 06712 · since 2002

Ansonia Branch75 Tremont StAnsonia, CT 06401 · since 2002

Palisade Avenue Branch740 Palisade AveTeaneck, NJ 07666 · since 2004

Waterbury Branch910 Wolcott StWaterbury, CT 06705 · since 2004

New Haven Road Branch1430 New Haven RdNaugatuck, CT 06770 · since 2006

Hamden Branch2989 Whitney AveHamden, CT 06518 · since 2011

West Main Street Branch500 W Main StMeriden, CT 06451 · since 2011

Naugatuck High School Branch543 Rubber AveNaugatuck, CT 06770 · since 2011 · limited service

Waterbury Branch3670 E Main StWaterbury, CT 06705 · since 2012

Wallingford Branch665 N Colony RdWallingford, CT 06492 · since 2012

Farmington Branch4 Main StFarmington, CT 06032 · since 2019

Meriden Branch1336 E Main StMeriden, CT 06450 · since 2019

Unionville Branch Office79 Main StUnionville, CT 06085 · since 2021

South Windsor Branch Office1751 Ellington RdSouth Windsor, CT 06074 · since 2021

Lincoln Park Branch261 Comly RdLincoln Park, NJ 07035 · since 2022

Crosby High School Branch300 Pierpont RdWaterbury, CT 06705 · since 2022 · limited service

Nj Administrative Office Branch19 Chapin RdPinebrook, NJ 07058 · since 2022 · limited service

Southington Branch Office376 North Main StreetSouthington, CT 06489 · since 2023

Nve Bank Branch76 Engle StEnglewood, NJ 07631 · since 2025

Scroll for all 37 branches · Branch data: FDIC BankFind.

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
  • 37 FDIC branch locations
  • FDIC total assets $2.8B

Next steps

Request an introRank lendersPre-qualify a deal
Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
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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