Flagstar Bank National Association
Flagstar Bank National Association is an active SBA lender in New York, a bank offering SBA-guaranteed small-business loans. Currently rated 2.4 stars across 17 Google reviews.
$74M
in SBA approvals since 2010
182
SBA loans funded
Manufacturing · General Retail · Construction & Contractors
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Flagstar Bank National Association
Flagstar Bank National Association offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, equipment, or working capital. With a focus on facilitating access to capital, the bank provides various SBA programs, including the popular 7(a) loan program, which helps businesses secure funding with flexible terms and competitive rates. Whether you're a startup or an established enterprise, Flagstar Bank supports your business ambitions by offering personalized service and expert guidance throughout the loan process. The bank's experienced team works closely with clients to understand their unique needs and craft financing solutions that align with their goals, making it a reliable partner for small business financing in the region. Located at 102 Duffy Ave in Hicksville, NY, the bank is well-positioned to serve the local business community while also supporting clients across the nation through its SBA offerings.
Serves SBA borrowers in 4 states
Flagstar Bank National Association has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Flagstar Bank National Association finances
Business types Flagstar Bank National Association actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Flagstar Bank National Association
What is this place and what can I find here?
This is a financial institution offering SBA loan programs designed to help small businesses access capital for growth, equipment, and working capital needs. You can find information about loan options, application processes, and support services tailored to small business owners. The bank provides personalized assistance to guide you through securing the right financing for your business goals.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours. Calling ahead can help you prepare the necessary documents and streamline the process.
What are the hours of operation?
The bank operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays or special occasions, so it's best to contact the branch directly for specific scheduling.
Is there a fee to use this?
There are no fees for simply visiting the branch, but loan application and processing fees may apply depending on the financing product. It's advisable to discuss fee structures with a loan officer during your consultation.
Who is this open to — anyone, or only residents/members?
This bank primarily serves small business clients and residents in the local and national markets. Eligibility for specific programs may depend on residency and business location, so it's best to consult with a representative for detailed requirements.
What minimum personal credit score does this bank look for in a guarantor?
Typically, a minimum personal credit score of 650 is preferred, but higher scores can improve your chances of approval and better loan terms.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the loan and completeness of your application.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Flagstar Bank National Association typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Flagstar Bank National Association to confirm current weekend availability before you go.
How do I get there and where do I park?
Flagstar Bank National Association is located in New York — 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.
Who owns or operates this listing?
This page is an independent directory listing for Flagstar Bank National Association, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Flagstar Bank National Association itself, which runs its own lending under its own ownership. If you work at Flagstar Bank National Association, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Flagstar 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 Flagstar Bank National Association before applying. If you represent Flagstar Bank National Association, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Flagstar Bank National Association by phone at (516) 597-4721 or online at flagstar.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 Flagstar Bank National Association before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Flagstar Bank National Association most often finances businesses in construction & contractors, general retail, manufacturing, medical practices & clinics, consulting & management, and restaurants & food service. This reflects Flagstar 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 Flagstar Bank National Association which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Flagstar Bank National Association participates in SBA Express depends on its specific SBA lending authority. Contact Flagstar Bank National Association and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Flagstar Bank National Association can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Flagstar Bank National Association's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Flagstar Bank National Association directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Flagstar Bank National Association what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Flagstar Bank National Association to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Flagstar Bank National Association to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Flagstar Bank National Association weighs this case by case under its own policy, so be upfront about your history and ask Flagstar Bank National Association how it evaluates prior bankruptcies.
