Top Industries Financed
- All Other Miscellaneous Manufacturing
- Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
- Electronic Shopping and Mail-Order Houses
- Offices of Chiropractors
- Soil Preparation, Planting, and Cultivating
Quick Summary
Sterling Federal Bank, F.S.B. is an SBA-approved lender headquartered in STERLING, Illinois. Since 2020, they have approved 8 SBA 7(a) loans totaling $1.9M, with an average loan size of $236K. They serve businesses across 2 states.
About Sterling Federal Bank, F.S.B.
Sterling Federal Bank, F.S.B. is an SBA-approved lender headquartered in STERLING, Illinois. Since 2020, they have approved 8 SBA 7(a) loans totaling $1.9M, with an average loan size of $236K. They serve businesses across 2 states.
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Frequently Asked Questions
Is Sterling Federal Bank, F.S.B. an SBA Preferred Lender?
Sterling Federal Bank, F.S.B. is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Sterling Federal Bank, F.S.B. approved?
According to SBA FOIA public records, Sterling Federal Bank, F.S.B. has approved 8 SBA 7(a) loans totaling $1.9M since 2020. Their average loan size is $236K.
What states does Sterling Federal Bank, F.S.B. serve?
Sterling Federal Bank, F.S.B. serves businesses in 2 states: Iowa, Illinois.
How do I apply for an SBA loan with Sterling Federal Bank, F.S.B.?
To apply for an SBA 7(a) loan with Sterling Federal Bank, F.S.B., 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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