Ives Bank

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.

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.

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.

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.

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.

A minimum personal credit score of around 640 is generally preferred, but approval depends on overall financial health and business viability.

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of documentation and loan complexity.

Most banks keep weekday business hours and are closed on weekends, and Ives Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Ives Bank to confirm current weekend availability before you go.

Ives Bank is located in Connecticut — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Ives Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Ives Bank itself, which runs its own lending under its own ownership. If you work at Ives Bank, you can claim this listing from this page to manage it.

The core details for Ives Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Ives Bank before applying. If you represent Ives Bank, claim this listing to keep its information up to date.

You can reach Ives Bank by phone at (203) 744-8704 or online at ivesbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Ives Bank before relying on them.

Based on its approved SBA loans, Ives Bank most often finances businesses in restaurants & food service, construction & contractors, manufacturing, general retail, automotive repair & services, and medical practices & clinics. This reflects Ives Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Ives Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Ives Bank participates in SBA Express depends on its specific SBA lending authority. Contact Ives Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Ives Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Ives Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Ives Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Ives Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Ives Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Ives Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Ives Bank weighs this case by case under its own policy, so be upfront about your history and ask Ives Bank how it evaluates prior bankruptcies.