First Federal Savings Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Federal Savings Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 15 | $16.7M | $1.1M | 4.2% |
| 336999 | All Other Transportation Equipment Manufacturing | 10 | $7.3M | $727K | 2.8% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 10 | $2.4M | $242K | 2.8% |
| 722511 | Full-Service Restaurants | 9 | $4.1M | $454K | 2.5% |
| 326199 | All Other Plastics Product Manufacturing | 9 | $8.8M | $975K | 2.5% |
| 621310 | Offices of Chiropractors | 8 | $2.2M | $270K | 2.2% |
| 722513 | Limited-Service Restaurants | 8 | $2.3M | $289K | 2.2% |
| 811111 | General Automotive Repair | 8 | $1.9M | $239K | 2.2% |
| 713990 | All Other Amusement and Recreation Industries | 7 | $6.4M | $918K | 1.9% |
| 812112 | Beauty Salons | 7 | $442K | $63K | 1.9% |
Geographic Distribution
SBA lending activity for First Federal Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Indiana (IN) | 292 | $161.0M | 81.3% |
| Idaho (ID) | 50 | $22.1M | 13.9% |
| Florida (FL) | 2 | $3.0M | 0.6% |
| Kansas (KS) | 2 | $2.5M | 0.6% |
| Michigan (MI) | 2 | $1.6M | 0.6% |
| Georgia (GA) | 1 | $1.6M | 0.3% |
| Kentucky (KY) | 2 | $1.3M | 0.6% |
| Alabama (AL) | 5 | $760K | 1.4% |
| Minnesota (MN) | 1 | $600K | 0.3% |
| Utah (UT) | 1 | $320K | 0.3% |
| Illinois (IL) | 1 | $73K | 0.3% |
Why Choose First Federal Savings Bank?
Based on SBA 7(a) lending track record from 1995-2025
- ✓Proven Track Record: 359 SBA loans approved, totaling $194.8M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, All Other Transportation Equipment Manufacturing, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 6.26% with flexible term lengths averaging 125 months
- ✓Loan Range: Loan sizes from $6K to $4.3M, with an average of $543K
- ✓Nationwide Reach: Active lending in 11 states, with strong presence in IN, ID, AL
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 Federal Savings Bank SBA lending
What types of businesses does First Federal Savings Bank typically finance?
First Federal Savings Bank specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, all other transportation equipment manufacturing, plumbing, heating, and air-conditioning contractors, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Federal Savings Bank's typical SBA loan terms?
First Federal Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.26% and average term length of 125 months (approximately 10 years). Loan sizes range from $6K to $4.3M, with an average loan size of $543K.
Do I need a business valuation for a First Federal Savings Bank SBA loan?
Yes, First Federal Savings 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 Federal Savings Bank compare to other SBA lenders?
First Federal Savings Bank has originated 359 SBA loans totaling $194.8M since 1995. 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 Federal Savings Bank lend in?
First Federal Savings Bank provides SBA 7(a) financing with particularly strong presence in IN, ID, AL, MI, FL. 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?
Certified valuations are often required for SBA loans over $250,000.
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