First Fed Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Fed Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541110 | Offices of Lawyers | 16 | $10.1M | $630K | 9.1% |
| 722511 | Full-Service Restaurants | 8 | $4.4M | $556K | 4.5% |
| 424340 | Footwear Merchant Wholesalers | 8 | $40.0M | $5.0M | 4.5% |
| 722513 | Limited-Service Restaurants | 8 | $984K | $123K | 4.5% |
| 541490 | Other Specialized Design Services | 8 | $7.2M | $900K | 4.5% |
| 113310 | Logging | 8 | $13.0M | $1.6M | 4.5% |
| 312120 | Breweries | 8 | $24.1M | $3.0M | 4.5% |
| 336611 | Ship Building and Repairing | 8 | $2.8M | $350K | 4.5% |
| 423310 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 8 | $10.2M | $1.3M | 4.5% |
| 236118 | Residential Remodelers | 8 | $1.7M | $215K | 4.5% |
Geographic Distribution
SBA lending activity for First Fed Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Washington (WA) | 160 | $183.5M | 90.9% |
| Alaska (AK) | 8 | $13.0M | 4.5% |
| Oregon (OR) | 8 | $5.8M | 4.5% |
Why Choose First Fed Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 176 SBA loans approved, totaling $202.4M in financing
- ✓Industry Expertise: Specialized focus on Offices of Lawyers, Full-Service Restaurants, Footwear Merchant Wholesalers
- ✓Competitive Terms: Average interest rate of 6.53% with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $123K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in WA, OR, AK
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First Fed Bank SBA lending
What types of businesses does First Fed Bank typically finance?
First Fed Bank specializes in SBA 7(a) lending to specific industries including offices of lawyers, full-service restaurants, footwear merchant wholesalers, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Fed Bank's typical SBA loan terms?
First Fed Bank's SBA 7(a) loans typically feature an average interest rate of 6.53% and average term length of 150 months (approximately 13 years). Loan sizes range from $123K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a First Fed Bank SBA loan?
Yes, First Fed Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First Fed Bank compare to other SBA lenders?
First Fed Bank has originated 176 SBA loans totaling $202.4M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First Fed Bank lend in?
First Fed Bank provides SBA 7(a) financing with particularly strong presence in WA, OR, AK. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.