# First Federal Savings and Loan Association of Lakewood SBA loans **Short answer:** First Federal Savings and Loan Association of Lakewood made 45 SBA loans from October 2019 to June 2026, 24 of them since October 2023. 95.6% of them went to businesses in Ohio, per SBA's loan file. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/first-federal-savings-and-loan-association-of-lakewood/ Data as of: 2026-06-30 This site is not First Federal Savings and Loan Association of Lakewood sbaexpress.loans is not First Federal Savings and Loan Association of Lakewood, and First Federal Savings and Loan Association of Lakewood did not provide, review or pay for this page. Janover Capital LLC runs this site. The loan figures here come from SBA's public 7(a) loan file, not from First Federal Savings and Loan Association of Lakewood. A small base First Federal Savings and Loan Association of Lakewood has 45 loans in the period shown. Medians and shares on so few loans can swing on a few loans, so use them as a rough guide. ## Loan sizes $150,000: 25th percentile $250,000: Median loan $536,400: 75th percentile 10 years: Median term The median loan First Federal Savings and Loan Association of Lakewood approved from October 2019 to June 2026 was $250,000. A quarter of its loans were smaller than $150,000 and a quarter were larger than $536,400. For all lenders the median was $200,000. Its median loan is larger than the all-lender median. The average loan was $440,878. Share of loans by size, October 2019 to June 2026 - $50,000 or less: Fewer than 5 - $50,001 to $150,000: 31.1% - $150,001 to $350,000: 31.1% - $350,001 to $500,000: Fewer than 5 - $500,001 to $1,000,000: 17.8% - $1,000,001 to $2,000,000: Fewer than 5 - Over $2,000,000: Fewer than 5 Shares are of all 45 loans. Fewer than 5 marks a band whose count we do not publish. ## Age of the businesses it lends to The largest group was businesses in operation more than 2 years, at 60.0% of this lender's loans, against 54.6% for all lenders. Share of loans by age of the business, October 2019 to June 2026 - In business more than 2 years: 60.0% - In business 2 years or less: 24.4% - Startup (the loan opens the business): 11.1% - Change of ownership: Fewer than 5 Fewer than 5 marks a group whose count we do not publish. ## SBA Express and lines of credit 53.3% of this lender's loans went through SBA Express, above the 38.5% for all lenders. 37.8% were lines of credit, above the 27.2% for all lenders. **SBA Express and line-of-credit share, October 2019 to June 2026** | Share of loans | First Federal Savings and Loan Association of Lakewood | All lenders | | --- | --- | --- | | Through SBA Express | 53.3% | 38.5% | | Lines of credit | 37.8% | 27.2% | A line of credit lets a business draw money, repay it and draw again. SBA's file flags these loans as revolving. What SBA Express means An SBA Express loan can be up to $500,000. On these loans, the lender makes the credit decision without prior SBA review. Source: SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126); SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127). ## Where it lends The most loans went to businesses in Ohio: 43 of 45, or 95.6%. State is where the business is, not where the lender is based. **Top states, October 2019 to June 2026** | State | Loans | Share of its loans | | --- | --- | --- | | Ohio | 43 | 95.6% | ## What it lends to No single industry reached 5 loans for First Federal Savings and Loan Association of Lakewood from October 2019 to June 2026. Its lending is spread too widely to rank. Browse the [industry pages](https://www.sbaexpress.loans/industries/) to see which trades each lender serves. ## About the lender - **Type:** Bank - **Location:** Lakewood, OH (headquarters, per FDIC) - **FDIC certificate number:** 29488 - **Official website:** [www.ffl.bank](https://www.ffl.bank) (as FDIC has it on file; we do not control it) This page describes loans SBA approved. It does not show denied applications, today's rates, fees or credit standards. It is not an offer from First Federal Savings and Loan Association of Lakewood. To ask First Federal Savings and Loan Association of Lakewood about a loan, contact it directly. ## Starting rates and spread over Prime SBA's file gives no starting-rate median across several years. Prime moved too much between 2019 and 2026 for one figure to mean anything. First Federal Savings and Loan Association of Lakewood approved 45 loans from October 2019 to June 2026. The median spread on those loans was 1 percentage point over Prime, against 2.6 percentage points over Prime for all lenders. On the 24 loans approved from October 2023 to June 2026, the median starting rate was 8.50%, against 10.25% for all lenders. That is a small group, so treat it as rough. The starting rate follows Prime on the day a loan was approved. The spread over Prime is the steadier way to compare lenders and years. Spread is measured on variable-rate loans only. SBA's ceiling on variable rates For variable-rate loans, SBA caps the rate at Prime plus 3.0 to 6.5 percentage points, depending on loan size. Today's ceilings by loan size are on the [rates page](https://www.sbaexpress.loans/rates/). Source: 13 CFR § 120.214(d). ## Loans by year From FY2024 to FY2025, the number of loans fell 18% (11 to 9). Across all lenders it rose 2.4%. SBA loans approved by fiscal year - FY2020: Fewer than 5 - FY2021: Fewer than 5 - FY2022: 7 - FY2023: 8 - FY2024: 11 - FY2025: 9 - FY2026 (through June 30): Fewer than 5 SBA's fiscal year runs October 1 to September 30. FY2026 covers October 1, 2025 to June 30, 2026 only. Fewer than 5 marks a year whose count we do not publish. ## Charge-offs 0.0%: Charged off, by loans 0.0%: Charged off, by dollars 13: Loans approved FY2020 to FY2022 First Federal Savings and Loan Association of Lakewood approved 13 loans from October 2019 to September 2022. By June 30, 2026, none had been charged off. By loans that is lower than the 3.6% for all lenders. By dollars the rate was 0.0%, against 0.9% for all lenders. That is a small group, so one or two losses move the rate a lot. Treat it as a rough guide. How charge-offs are counted We count only loans approved October 1, 2019 to September 30, 2022 (FY2020 to FY2022). Newer loans have not had time to go bad. A charge-off means the lender wrote the loan off as a loss. The rate by loans is charged-off loans divided by approved loans. The rate by dollars is the charged-off balance divided by approved dollars. Both run through June 30, 2026. The two rates can differ widely for a lender that writes many small loans. A small loan adds one to the count but little to the dollars. SBA's file covers approved loans only. This says nothing about how often applications are approved. ## Lenders with a similar number of loans These five lenders are the nearest to First Federal Savings and Loan Association of Lakewood by number of SBA loans. Their pages show the same figures, so you can compare loan sizes and loan types. Within this group, First Federal Savings and Loan Association of Lakewood has the highest line-of-credit share. **Lenders closest to First Federal Savings and Loan Association of Lakewood by loans, October 2019 to June 2026** | Lender | Loans | Median loan | Express | Lines of credit | Charge-offs | | --- | --- | --- | --- | --- | --- | | [Academy Bank](https://www.sbaexpress.loans/sba-express-lenders/academy-bank/) | 45 | $430,000 | 31.1% | 28.9% | 0.0% | | [Bridgewater Bank](https://www.sbaexpress.loans/sba-express-lenders/bridgewater-bank/) | 45 | $350,000 | 42.2% | 24.4% | Fewer than 5 | | [Farmers Bank and Trust](https://www.sbaexpress.loans/sba-express-lenders/farmers-bank-and-trust/) | 45 | $107,100 | 91.1% | 13.3% | 0.0% | | [Farmers State Bank of Alto Pass, Illinois](https://www.sbaexpress.loans/sba-express-lenders/farmers-state-bank-of-alto-pass-illinois/) | 45 | $2,500,000 | 0.0% | 0.0% | 0.0% | | **First Federal Savings and Loan Association of Lakewood** | 45 | $250,000 | 53.3% | 37.8% | 0.0% | | [First Federal Savings Bank (Huntington, IN)](https://www.sbaexpress.loans/sba-express-lenders/first-federal-savings-bank/) | 45 | $350,000 | 33.3% | 20.0% | 0.0% | Express and lines of credit are shares of loans. Charge-offs are the share of loans approved October 2019 to September 2022 that had been charged off by June 30, 2026. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Recent loans were approved October 1, 2023 to June 30, 2026. The full file starts October 1, 2019. SBA's fiscal year runs October 1 to September 30. Express counts SBA Express and Export Express loans. Spread over Prime is measured on variable-rate loans. This lender has 45 loans in the period shown, so its medians and shares can swing on a few loans. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia) - [13 CFR § 120.214(d)](https://www.ecfr.gov/current/title-13/section-120.214) - [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx) - [SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx) - [FDIC BankFind: institution directory (headquarters and website)](https://banks.data.fdic.gov/bankfind-suite/bankfind)