Business Financing
Equipment loan rates as low as 7.99%1.
Whether you're expanding your business or replacing outdated equipment, First Federal Bank offers competitive rates to get you the equipment you need.
Home Equity
6.00% APR HELOC for the first 12 months.2
Whether renovating your kitchen or upgrading your outdoor space, our low closing cost Home Equity Line of Credit3 makes upgrading easy.
- Renovate your home
- Support education costs
- Outdoor renovations
Business Line of Credit
Receive a Business Line of Credit today!5
- Real Estate Secured
6.25% for 12 months5 - Equipment Secured
6.75% for 12 months6 - Real Estate Secured
6.25% for 12 months7
SBA Loan
8.99% SBA Loans8
Are you ready to take your business to the next level? We believe in empowering entrepreneurs like you to achieve their dreams. That’s why we’re excited to offer a fixed 8.99% small business loan – designed to give you the financial boost you need to succeed. This limited time offer is ideal for expanding your operations, purchasing new equipment, and increasing working capital.9
Owner-occupied loan
6.99% APR Commercial Owner-Occupied Real Estate Loan10
Begin a relationship with First Federal, and you'll be rewarded with a loan offering an excellent rate for commercial owner-occupied real estate, up to $1,000,000.10
Complete the form below to receive updates when new offers are announced.
1) 7.99% available to those who qualify. Loan approval is subject to credit underwriting and approval. Loan available for up to and including $150,000, fixed interest rate for up to 60 months, fully amortizing with principal payments. Customer is responsible for closing costs. First Federal Bank business checking account and auto debit required
2) The 6.00% Annual Percentage Rate (APR) is a 12-month promotional rate. After 12 months, the APR will be based on a Margin and range from Prime +0% to Prime +3.5%, capped at 18%. As of 12/19/2024 the prime rate is 7.50%. 25 year term with a maximum loan amount of $250,000 on 1st mortgage and $150,000 on 2nd mortgage. 2nd mortgage available on site built homes only.
3) Low closing cost promotion: Bank will credit at closing $495 in FL or $595 in SC towards costs associated with opening a Home Equity Line of Credit. A balance of $10,000 or more must be maintained for the first 12 months or the credit will be reversed and charged to the line. Exclusions and limitations may apply. Subject to offer availability and may be discontinued at any time. Additional rates and terms available. See a banker for complete details. Consult a tax adviser for further information regarding the deductibility of interest and charges. Updated 12/19/2024.
4) Subject to credit approval and underwriting. Minimum line size of $10,000 and Maximum line size of $150,000. All lines are subject to a 1.0% line fee unless a minimum of 10% of the line amount is drawn on at closing, then the fee would be 0.50% of the line amount. All other customary closing costs will be paid by the borrower. All rates are based off the current Prime Rate and are subject to change at any time.
5) 6.25% for real estate secured business line of credit based off the Prime Rate (7.50% as of 12/19/24) minus 1.25% for the first 12 months. After 12 months, the rate will be the Prime Rate.
6) 6.75% for equipment secured commercial line of credit based off the Prime Rate (7.50% as of 12/19/24) minus 0.75% for the first 12 months. After 12 months, the rate will be the Prime Rate plus 0.5% .
7) 7.50% for unsecured commercial line of credit is based off the Prime Rate (7.50% as of 12/19/24) for the first 12 months. After 12 months, the rate will be the Prime Rate plus 2.0%.
8) 8.99% fixed interest rate available to those who qualify. Loan approval is subject to credit underwriting and approval. Customer is responsible for closing costs. First Federal Bank business checking account and auto debit required. The loan amount must be at least $150,000, with the maximum loan amount determined based on SBA eligibility criteria.
9) Offer valid for a limited time.
10) Relationship Builder Loan Program for new business customers only, for commercial owner-occupied real estate loans. Policy loan to value, credit scores, and repayment terms will apply. Amortization will be based on First Federal Bank loan policy. 0.5% origination fee applies. Loan approval rates are subject to credit underwriting and approval. Additional terms and conditions apply. There is a tiered fixed rate of 6.99% APR for the first 2 years then repricing every 3 years based on the 3-year Constant Maturing Treasury (CMT) plus 300 basis points. The Annual Percentage Rate (APR) is current as of 1/1/24 and is subject to change without notice. To receive the advertised rate, the following requirements must be met: open a business account, sign up for automatic payments, and enroll in eStatements. Rate increases by 0.25% for each requirement not met. All payments include principal and interest. First Federal existing loans are not eligible for this promotion.
