Express Business Loan

Most loan processes work around the bank, not your business, so we created a new and incredibly fast way for you to get the funds your business needs to help keep your company moving forward. Our express business loans allow you to take advantage of affordable rates, instant decisioning and funds as soon as next business day.


  • Line of Credit or Term Loan amounts up to $50,000
  • Access to Line of Credit through our Free Business Online Banking
  • Product requires a business checking account*
  • Rate is FICO based: Prime + 3.99% to 7.99%
Hear what our customers are saying about the Express Loan!

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  1. Apply in just minutes. Apply at any of our convenient branch locations. Most customers can complete the application in 5 minutes or less.
  2. Receive instant loan decision. If approved, you'll receive loan documents that can be reviewed and signed digitally.
  3. Get your funds as soon as the next business day. Funds will be deposited directly into your First Federal Lakewood Business Checking account within one business day of accepting the loan terms.

Express Loan is a 5 year term loan with competitive fixed interest rates based on business health and personal credit. Our line of credit also provides you cash at a competitive rate, so that your business is always ready to respond to new opportunities.

Yes, there is no pre-payment penalty for an Express Loan. Pay it off any time with no added fees.

Loan approval and rates will depend on the health of your business and how long you have been in business.

You can borrow between $10,000 and $50,000.

There is a one-time origination fee of $250 for accepting the loan. There are no other fees providing your loan remains in good standing.

You may use the funds for a business purpose such as working capital, expansion, renovation, or marketing.

*First Federal Lakewood business checking account must be opened prior to the close and funding of the loan. A UCC is filed with the Ohio Secretary of State on all business assets for collateral and personal guarantor(s)

Get Started Today!

Set up a meeting with one of our business bankers to see if the Express Loan is right for your business.

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