Commercial Loans
First Federal Bank will work with you to find a loan that is tailored to your business. Our loans and lines of credit are designed to give you the flexibility you need as a business owner. Whether you are looking to start a business, expand, purchase more inventory or just manage cash flow, we guarantee we can help.
Commercial Real Estate Loans
Purchase, refinance or improve property for your business or investment portfolio
- Investor & Owner Occupied
- Fixed and floating rates
- Construction to permanent financing options available
New Construction
Finance a build-out or a brand-new construction project with short-term, interest only payments and refinance into a more permanent arrangement at the end of the development.
Equipment and Term Loans
Expand your business, buy corporate stock or purchase fixed assets like furniture, machinery or other equipment
- Fixed and variable interest rates
- Flexible terms
- Upfront lump sum
Commercial Lines of Credit
Manage your short-term cash flow more efficiently and pay operating or unexpected expenses until accounts receivables are collected
- Convenient access to your line of credit
- Interest-only payments due monthly
- Flexible collateral options
Small Business Administration (SBA) Loan Programs
7a Loans
- Finance commercial real estate, renovations, acquisitions, start-ups; purchase a franchise or for operational expenses such as inventory or debt
- Loan guarantee up to 80%
- Longer repayment terms and lower down payments
- Loan amounts up to $5,000,000
- Terms can be up to 25 years depending upon the request
504
- For businesses that wish to finance larger projects such as land or real estate, heavy equipment or major renovations
- Applicable to new and existing businesses, expansions or acquisitions
- Long term, fixed financing – 10% required by the borrower; 50% by First Federal Bank and 40% by a community development corporation
- Up to 20-year terms
Express
- Used to finance business acquisitions, franchise purchase, working capital and/or equipment
- May be a term loan or line of credit
- Loan amounts may not exceed $350,000
- Credit decisions are made by the bank rather than the SBA
Credit Cards
- Pay for daily expenses without tying up working capital
- Available for unexpected opportunities and expenses