STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
133
2010–2026
Total Volume
$70M
Gross loan amounts
States Active
2
With recorded loans
Programs
7(a) & 504
132 total segments
Ion Bank has a strong focus on existing businesses, with 64% of their deals supporting established companies. This is beneficial if you're looking to expand or refinance an existing operation.
With an average 7(a) spread of P+1.87%, Ion Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
Ion Bank's 504 loans account for 24% of their total SBA deals, which is above the national average of ~18%. This indicates they are well-equipped to handle real estate financing if that's part of your business plan.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 32 504 loans, which use fixed SBA debenture rates.
States where Ion Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Administrative & Waste Services
Administrative & Waste Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Specialty Trade Contractors
Construction
Food & Beverage Stores
Retail Trade
Personal Care (Salons, Spas)
Other Services
Real Estate
Real Estate
+ 7 more
All recorded SBA lending activity for Ion Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Connecticut · Administrative & Waste Services · Under $150K | 7(a) | 6 | P+2.75% | $52K | Q2 2014 |
| Connecticut · Specialty Trade Contractors · Under $150K | 7(a) | 6 | P+2.25% | $83K | Q2 2025 |
| Connecticut · Manufacturing · $150K – $350K | 7(a) | 6 | P+2.25% | $195K | Q2 2021 |
| Connecticut · Manufacturing · Under $150K | 7(a) | 6 | P+2.25% | $73K | Q3 2025 |
| Connecticut · Arts, Entertainment & Recreation · Under $150K | 7(a) | 5 | P+2.50% | $64K | Q2 2023 |
| Connecticut · Restaurants & Food Service · Under $150K | 7(a) | 4 | P+2.25% | $110K | Q3 2015 |
| Connecticut · Social Assistance · $150K – $350K | 7(a) | 3 | P+2.75% | $283K | Q3 2021 |
| Connecticut · Other Repair & Services · Under $150K | 7(a) | 3 | P+2.00% | $75K | Q4 2017 |
| Connecticut · Miscellaneous Retail · $150K – $350K | 7(a) | 3 | P+1.00% | $247K | Q1 2025 |
| Connecticut · Wholesale Trade · Under $150K | 7(a) | 3 | P+2.75% | $108K | Q1 2016 |
| Connecticut · Personal Care (Salons, Spas) · Under $150K | 7(a) | 3 | P+2.75% | $137K | Q2 2013 |
| Connecticut · Auto Repair & Maintenance · $150K – $350K | 504 | 2 | — | $306K | Q2 2019 |
| Connecticut · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 2 | P+2.63% | $249K | Q1 2022 |
| Connecticut · Restaurants & Food Service · $150K – $350K | 7(a) | 2 | P+-0.40% | $250K | Q3 2018 |
| Connecticut · Manufacturing · $500K – $1M | 7(a) | 2 | P+2.25% | $747K | Q2 2017 |
| Connecticut · Other Health Practitioners · Under $150K | 7(a) | 2 | P+1.38% | $40K | Q1 2025 |
| Connecticut · Restaurants & Food Service · $350K – $500K | 7(a) | 2 | P+1.63% | $408K | Q3 2023 |
| Connecticut · Other Health Practitioners · $150K – $350K | 7(a) | 2 | P+1.88% | $178K | Q3 2025 |
| Connecticut · Food & Beverage Stores · $150K – $350K | 7(a) | 2 | P+2.13% | $245K | Q4 2024 |
| Connecticut · Specialty Trade Contractors · $1M – $2M | 7(a) | 2 | P+1.00% | $1.8M | Q2 2025 |
| Connecticut · Manufacturing · $2M – $5M | 7(a) | 1 | P+0.88% | $4.3M | Q2 2021 |
| Connecticut · Manufacturing · $350K – $500K | 7(a) | 1 | P+2.00% | $500K | Q3 2024 |
| Connecticut · Retail Trade · Under $150K | 7(a) | 1 | P+2.75% | $50K | Q4 2011 |
| Connecticut · Retail Trade · $150K – $350K | 7(a) | 1 | P+2.00% | $200K | Q4 2020 |
| Connecticut · Finance & Insurance · $500K – $1M | 7(a) | 1 | P+2.00% | $588K | Q3 2010 |
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