Top Industries Financed
- Tax Preparation Services
- All Other Personal Services
- Fitness and Recreational Sports Centers
- Other Heavy and Civil Engineering Construction
- All Other Professional, Scientific, and Technical Services
Quick Summary
First Federal Savings and Loan Association of Lakewood is an SBA-approved lender headquartered in LAKEWOOD, Ohio. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 51 SBA 7(a) loans totaling $21.4M, with an average loan size of $419K. They serve businesses across 3 states.
About First Federal Savings and Loan Association of Lakewood
First Federal Savings and Loan Association of Lakewood is an SBA-approved lender headquartered in LAKEWOOD, Ohio. Since 2020, they have approved 51 SBA 7(a) loans totaling $21.4M, with an average loan size of $419K. 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 3 states.
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Frequently Asked Questions
Is First Federal Savings and Loan Association of Lakewood an SBA Preferred Lender?
Yes, First Federal Savings and Loan Association of Lakewood 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 Savings and Loan Association of Lakewood approved?
According to SBA FOIA public records, First Federal Savings and Loan Association of Lakewood has approved 51 SBA 7(a) loans totaling $21.4M since 2020. Their average loan size is $419K.
What states does First Federal Savings and Loan Association of Lakewood serve?
First Federal Savings and Loan Association of Lakewood serves businesses in 3 states: Maryland, Michigan, Ohio.
How do I apply for an SBA loan with First Federal Savings and Loan Association of Lakewood?
To apply for an SBA 7(a) loan with First Federal Savings and Loan Association of Lakewood, 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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