States Served
Top Industries Financed
- Snack and Nonalcoholic Beverage Bars
- Limited-Service Restaurants
- Full-Service Restaurants
- Fitness and Recreational Sports Centers
- Plumbing, Heating, and Air-Conditioning Contractors
Quick Summary
First Federal Bank is an SBA-approved lender headquartered in LAKE CITY, Florida. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 111 SBA 7(a) loans totaling $72.9M, with an average loan size of $657K. They serve businesses across 4 states.
About First Federal Bank
First Federal Bank is an SBA-approved lender headquartered in LAKE CITY, Florida. Since 2020, they have approved 111 SBA 7(a) loans totaling $72.9M, with an average loan size of $657K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 4 states.
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Frequently Asked Questions
Is First Federal Bank an SBA Preferred Lender?
Yes, First Federal Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has First Federal Bank approved?
According to SBA FOIA public records, First Federal Bank has approved 111 SBA 7(a) loans totaling $72.9M since 2020. Their average loan size is $657K.
What states does First Federal Bank serve?
First Federal Bank serves businesses in 4 states: Florida, Georgia, North Carolina, South Carolina.
How do I apply for an SBA loan with First Federal Bank?
To apply for an SBA 7(a) loan with First Federal Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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