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Ion Bank

Ion Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on the SBA 7(a) program, the bank provides flexible financing options, including loans up to $230,000, to help entrepreneurs access the capital they need. Their experienced team assists clients through the entire loan process, ensuring clarity and efficiency. Located in Naugatuck, CT, Ion Bank is committed to serving local businesses while also supporting regional economic development. The bank’s expertise spans various industries, with a particular strength in manufacturing, as indicated by their primary NAICS code 311511. Whether you’re looking to purchase equipment, refinance debt, or fund working capital, Ion Bank delivers personalized service to meet your unique needs.

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Lender Type

Commercial Bank

Google Rating

3.9

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that offers SBA loan programs and financial services designed to support small and medium-sized businesses, helping them grow and succeed.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcomed depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank"s typical hours are Monday through Friday from 9:00 am to 5:00 pm, but it is best to confirm directly with the branch.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting the bank; fees may apply for specific services or loan processing.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank serves the general public, including small business owners and entrepreneurs, regardless of residency, as long as they meet lending criteria.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of around 650 is generally preferred, but other factors are also considered during the approval process.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes 30 to 60 days, depending on the complexity of the loan and completeness of application materials.

Ion Bank

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