First Fed Bank

This is a financial institution offering SBA loan programs and small business banking services, where you can find support for your business financing needs.

It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also accommodated during business hours.

First Fed Bank operates Monday through Friday 8:00 AM to 6:00 PM, with Saturday hours from 9:00 AM to 1:00 PM. Confirm current hours with the bank.

There may be fees associated with certain banking services or loan processing, which will be disclosed during the application process.

This bank primarily serves residents and small business owners within the region, though specific eligibility criteria apply.

Typically, a minimum personal credit score of 640 is preferred, but other factors are also considered during underwriting.

The process usually takes approximately 30 to 45 days, depending on the completeness of your application and documentation.

First Fed Bank is open Saturday from 9:00 AM to 1:00 PM. Confirm with the bank for holiday schedules.

First Fed Bank is located in Washington — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for First Fed Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by First Fed Bank itself, which runs its own lending under its own ownership. If you work at First Fed Bank, you can claim this listing from this page to manage it.

The core details for First Fed Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with First Fed Bank before applying. If you represent First Fed Bank, claim this listing to keep its information up to date.

You can reach First Fed Bank by phone at (800) 800-1577 or online at ourfirstfed.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with First Fed Bank before relying on them.

Based on its approved SBA loans, First Fed Bank most often finances businesses in wholesale & distribution. This reflects First Fed Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with First Fed Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether First Fed Bank participates in SBA Express depends on its specific SBA lending authority. Contact First Fed Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. First Fed Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. First Fed Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask First Fed Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask First Fed Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask First Fed Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with First Fed Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. First Fed Bank weighs this case by case under its own policy, so be upfront about your history and ask First Fed Bank how it evaluates prior bankruptcies.