Single Pay Demand Note

Account Description

A Fixed Rate, Secured or Unsecured Loan, which is used for business purposes.
To be used by a business for working capital on a short term basis.
No payment required until maturity.
Principal and accrued interest are due at maturity.
Entire principal balance disbursed at closing.
Applicants must qualify according to First Federal Lakewood Underwriting Guidelines for commercial loans.
Loan limits are dependant on applicant's qualifications.
No prepayment penalty.

Account Features

Account Disclosure/Statements

Assistance