Business Loans
First Federal knows reliable, convenient access to financing can make or break a business. That is why we offer competitive business loans ranging from small business startup costs and equipment financing, to converting accounts receivables into cash and revolving lines that replenish as you pay. Let us be a part of your success story.
Commercial Real Estate Term Loans*
Purchase, refinance, expand, rehabilitate, or relocate your business.
- Term: Up to 10 years, amortized up to 25 years
- Principal and interest based on amortization
- Collateral: Commercial, residential, mixed use, or multi-family real estate
**CRE includes non-owner occupied SF residential property, multi-family, mixed use buildings, owner occupied commercial properties and non-owner occupied commercial properties (including Retail, Office & Industrial).
|
Commercial Real Estate Construction Loans
Construct, rehabilitate, or develop residential and/or commercial properties.
- Term: Up to 24 months then converts to a perm loan
- Interest only during construction before converting to an amortized perm loan
- Collateral: Commercial, residential, mixed use, or multi-family real estate
|
Land Loans
Purchase or refinance a plot of land.
- Term: Varies depending on the proposed transaction
- Could be interest only or amortized payments
- Collateral: Residential or commercial land
|
Commercial Term Loans
Finance new or used equipment, capital expansion, large purchases, or other long-term financing needs.
- Term: Up to 10 years
- Principal and interest based on amortization
- Collateral: Business assets
Apply Now
|
Business Lines of Credit
A First Federal Business Line of Credit provides your business access to working capital to help run your business.
Commercial Real Estate Lines of Credit
Ideal for businesses needing easy access to cash for working capital or temporary investment needs.
- Term: Up to 18 months
- Interest only payments with balloon payment at maturity
- Collateral: Commercial, residential, mixed use, or multi-family real estate.
|
Commercial Lines of Credit
Ideal for businesses needing easy access to cash for working capital, inventory, accounts receivable, or short-term cash.
- Term: Varies
- Interest only principal due at maturity or customized to fit your business
- Collateral: Business assets
|
|
