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Ives Bank

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Description

Offering comprehensive SBA lending solutions, this financial institution specializes in supporting small businesses through various loan programs. With a focus on the 7(a) loan program, it provides financing options tailored to meet diverse business needs, including working capital, equipment purchase, and real estate acquisition. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency. Located in Danbury, Connecticut, it serves local entrepreneurs and small business owners seeking reliable financial partnerships. The bank emphasizes personalized service, competitive rates, and flexible terms to help businesses grow and succeed. Whether you’re starting a new venture or expanding an existing operation, this lender offers the resources and expertise to assist you at every step.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
14
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and financial services tailored for small businesses. You can find support for business financing, guidance on loan applications, and personalized banking solutions to help your business grow.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in visits are also accepted depending on availability. Calling ahead can help streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to check with the branch directly for specific hours or any holiday closures.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, certain banking services and loan processing may involve fees or interest charges. Details are provided during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners in the Danbury area. Eligibility for specific programs may depend on residency and business location.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally preferred, but approval depends on overall financial health and business viability.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of documentation and loan complexity.
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