First Federal Community Bank National Association

This is a community-focused bank offering SBA loan programs and personalized financial services to support small businesses in the Dover area.

It's recommended to schedule an appointment, but walk-ins are welcome during business hours for basic inquiries and consultations.

First Federal Community Bank operates most locations from 9:00 AM to 5:00 PM Monday through Friday, with some branches opening earlier (as early as 7:30 AM at Mt. Hope) or closing later. For your specific branch hours, confirm directly with the location.

Fees may apply depending on the loan type and amount; specific fee details are provided during the application process.

This bank primarily serves local residents and small business owners in the Dover community.

A minimum personal credit score of 650 is generally preferred, but final decisions depend on overall creditworthiness.

The process typically takes between 30 to 45 days, depending on the completeness of documentation and loan complexity.

Most First Federal Community Bank locations are open on Saturdays from 9:00 AM to 12:00 PM (some as early as 7:30 AM at Mt. Hope). Confirm hours with the specific branch for weekend SBA lending availability.

First Federal Community Bank National Association is located in Ohio — 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 Federal Community Bank National Association, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by First Federal Community Bank National Association itself, which runs its own lending under its own ownership. If you work at First Federal Community Bank National Association, you can claim this listing from this page to manage it.

The core details for First Federal Community Bank National Association — 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 Federal Community Bank National Association before applying. If you represent First Federal Community Bank National Association, claim this listing to keep its information up to date.

You can contact First Federal Community Bank online at https://www.firstfed.com/about-us/contact-us.html in addition to phone at (330) 364-7777 and their main website.

Based on its approved SBA loans, First Federal Community Bank National Association most often finances businesses in manufacturing and wholesale & distribution. This reflects First Federal Community Bank National Association'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 Federal Community Bank National Association 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 Federal Community Bank National Association participates in SBA Express depends on its specific SBA lending authority. Contact First Federal Community Bank National Association 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 Federal Community Bank National Association 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 Federal Community Bank National Association's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask First Federal Community Bank National Association 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 Federal Community Bank National Association 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 Federal Community Bank National Association 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 Federal Community Bank National Association 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 Federal Community Bank National Association weighs this case by case under its own policy, so be upfront about your history and ask First Federal Community Bank National Association how it evaluates prior bankruptcies.