Ion Bank approved 26 SBA loans worth $14.9M between October 2021 and June 2026, ranking #780 of 2,283 SBA lenders nationally by loan count. Its median loan was $303,750, and 38% went to startups or businesses under two years old. It lent in 1 states, most often in Connecticut, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Connecticut | 26 | $14.9M | $303,750 | #25 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 5 | $180,000 | |
| Construction | 4 | $882,500 | |
| Manufacturing | 4 | $325,000 | |
| Retail | 4 | $266,650 | |
| Arts, entertainment and recreation | 3 | $80,000 | |
| Restaurants and hotels | 2 | $610,000 | |
| Administrative and support services | 1 | $1,548,000 | |
| Education | 1 | $75,000 | |
| Real estate and rental | 1 | $1,822,500 | |
| Other services (repair, personal care) | 1 | $1,386,000 |