At a glance
From its website, read 29 Oct 2026First Eagle Bank is a bank or thrift based in Chicago, Illinois. Its website describes auto loans, commercial real estate loans, credit-builder loans and 6 other loan types. Stated loan amounts run from $250 to $1M. Where it lends: Chicagoland. The consumer loan APR it states is 5%. It says it considers borrowers with low or no credit history.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | febank.com |
|---|---|
| Office (official list) | 1201 W Madison St, Chicago, IL 60607 |
What their website says about applying
Simply fill out the Consumer Loan Application and submit it along with copies of one month paycheck stubs for both the Applicant and the Co-Applicant.
sourceIf the Applicant or Co-Applicant is self-employed, also submit copies of the most recent 2-years personal and business tax returns.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 29 Oct 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Rate stated, not as an APR: see their wording | $200,000 – $1,000,000 Prime + 0.25% 7.00% 7.25 | source |
| Loans (general) | Rate stated, not as an APR: see their wording | $5,000 – $199,999 Prime + 1.00% 7.75% 8.00% | source |
| Credit-builder loans | Rate: 5% APR | 5% APR $250 $21.41 | source |
| Loans (general) | Term: see their wording | 60 Months $5,000 – $199,999 | source |
| Credit-builder loans | Term: 12 mo–2 yr | You borrow from $250 to $2,500 for 12, 18 or 24 months. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | Term: up to 25 yr | The SBA 504 program offers 25 year fixed rate funds at unprecedented low rates! | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- No or thin credit history considered
No credit history? Are you looking to boost your credit score?
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Bank or thrift |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 25 Mar 2014 |
| RSSD ID | 759045 |
| Address | 1201 W Madison St, Chicago, IL 60607 Directions (Google Maps) |
| Website | febank.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 29 Oct 2026Read from 6 pages of the lender's website on 29 Oct 2026. Quotes are verbatim. Reviewed by a person (Oct 2026). Items added later were extracted with AI help and checked automatically against the pages listed below. Confidence: medium. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Auto / vehicle loans | — | Auto Loans | source |
| Commercial real estate loans | — | Real Estate Lending Our commercial lending staff is well versed in all types of real estate loans. | source |
| Credit-builder loans | — | Credit Builder Loans | source |
| Equipment loans | — | Equipment loans to expand your business. We can finance new equipment either conventionally or with a SBA program. | source |
| Home repair / improvement loans | — | Home Equity Loans At First Eagle, we offer variable rate Home Equity Lines of Credit. It's a quick and easy way to obtain funds for any reason. Use this line to pay off high-rate credit cards or for home improvement. | source |
| Nonprofit / community facility loans | — | Not-for Profit Loans for schools, charities, associations. | source |
| Personal / consumer loans | — | First Eagle can handle all your personal loan needs. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | — | SBA 504 financing for owner occupied (minimum 51%) commercial property. | source |
| Small-business loans | — | Working capital loans and lines of credit | source |
Loan sizes
Minimum loan amount $5,000
sourceMaximum loan amount $1,000,000
sourceYou borrow from $250 to $2,500 for 12, 18 or 24 months.
source
Range used for the size filter: $250 to $1M
Borrower focus
- Startups
The Small Business Administration has some great products for a new start-up business or an existing business looking to expand.
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 29 Oct 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What is the APR, including fees, on your auto loans and home repair loans?
Their website states a rate, but not as an APR. The APR includes fees, so it is the number to compare. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$5.6 million in 16 awards from the U.S. Treasury's CDFI Fund, 2010–2024 (Bank Enterprise Award Program; CDFI Rapid Response Program; Small Dollar Loan Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | Bank Enterprise Award Program | $44,117 |
| 2023 | Bank Enterprise Award Program | $437,350 |
| 2022 | Small Dollar Loan Program | $87,738 |
| 2021 | Bank Enterprise Award Program | $170,699 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2020 | Bank Enterprise Award Program | $202,898 |
| 2019 | Bank Enterprise Award Program | $245,547 |
| 2018 | Bank Enterprise Award Program | $233,244 |
| 2017 | Bank Enterprise Award Program | $233,389 |
| 2016 | Bank Enterprise Award Program | $227,282 |
| 2015 | Bank Enterprise Award Program | $265,496 |
| 2014 | Bank Enterprise Award Program | $355,000 |
| 2013 | Bank Enterprise Award Program | $323,000 |
| 2012 | Bank Enterprise Award Program | $415,000 |
| 2011 | Bank Enterprise Award Program | $418,435 |
| 2010 | Bank Enterprise Award Program | $69,909 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Branches and size
FDIC, 30 Jun 2026On file with the FDIC as First Eagle Bank (FDIC cert 25883). Source: FDIC BankFind Suite (public data): total assets from the Call Report as of 30 Jun 2026; office list as of 30 Oct 2026, downloaded 3 Nov 2026.
| Total assets | $649.6 million (as of 30 Jun 2026) |
|---|---|
| Offices | 2 (as of 30 Oct 2026) |
Offices by state and county (2)
Illinois (2 offices)
- Cook County (1): 1201 W Madison St, Chicago 60607 (main office)
- DuPage County (1): 1040 E Lake St, Hanover Park 60133
An office shows where the lender has a branch, not where it lends or whom it lends to.
What the regulator filing shows
Call Report, 30 Jun 2026Figures from the Call Report filed by First Eagle Bank (RSSD 759045, FDIC cert 25883). Source: FFIEC Central Data Repository, bulk Call Report data (public data), report date 30 Jun 2026; year-earlier figures from the 30 Jun 2025 report; downloaded 4 Nov 2026. Schedules RC-C Parts I and II, dollar amounts filed in thousands.
| Total loans and leases | $458.2 million (as of 30 Jun 2026, net of unearned income) |
|---|---|
| Change over the year | Up 12.2% from $408.3 million on 30 Jun 2025 |
| Total assets | $649.6 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| Home mortgages (1-4 family, closed-end) | $109.1 million | 23.7% |
| Home equity lines of credit | $13 million | 2.8% |
| Commercial real estate, construction and multifamily | $252.9 million | 55.0% |
| Commercial and industrial (business) loans | $13.2 million | 2.9% |
| Consumer loans (credit cards, auto, other) | $381,000 | 0.1% |
| All other loans and leases | $71.3 million | 15.5% |
None reported on the 30 Jun 2026 report: farmland and farm production loans.
Within consumer loans: auto loans $170,000.
Small business loans (original amount $1 million or less, balances on 30 Jun 2026)
| Original loan amount | Secured by business property | Commercial and industrial |
|---|---|---|
| Up to $100,000 | 12 loans $616,000 | 122 loans $2 million |
| $100,001 to $250,000 | 19 loans $3.3 million | 27 loans $3.5 million |
| $250,001 to $1 million | 60 loans $29.5 million | 12 loans $3.8 million |
| All small business loans | 91 loans $33.3 million | 161 loans $9.3 million |
Balances are loans outstanding on the report date, not loans made during the year, and they include loans the bank bought. Shares are of gross loans and leases. The change over the year includes loans gained through mergers or bought from others. A category with no balance does not mean the bank never makes that kind of loan; ask the bank.
Home loans reported under HMDA (2025)
FFIEC HMDA data, 2025First Eagle Bank reported 82 originated home loans for 2025 under the Home Mortgage Disclosure Act, totaling about $86.2M (median loan about $805,000). 60 were home-purchase loans.
By loan purpose
| Purpose | Loans | Share |
|---|---|---|
| Home purchase | 60 | 73% |
| Refinance (incl. cash-out) | 19 | 23% |
| Home improvement | 3 | 3.7% |
By loan type
| Loan type | Loans | Share |
|---|---|---|
| Conventional | 82 | 100% |
Included above: 21 loans on multifamily (5+ unit) properties.
Where the loans were made
Counties with the most 2025 originations, out of 4 counties with at least one; 99% of its 2025 loans were for properties in Illinois:
- Cook County, IL (73)
- DuPage County, IL (6)
Filed under LEI 549300DYVAMYTMH9UV09 as “FIRST EAGLE BANK”; matched by its RSSD ID on the CDFI Fund list, which the HMDA reporter panel links to this LEI.
Source: FFIEC Home Mortgage Disclosure Act (HMDA) data for 2025, snapshot frozen 2 Jun 2026, loan-level records read through the CFPB HMDA Data Browser API on 3 Nov 2026. Originated loans only; applications that were denied, withdrawn or not accepted are not counted. HMDA publishes each loan amount as the middle of a $10,000 band, so totals and medians are approximate. Counts under 3 are not shown. How we match lenders.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| SBA approvals, FY2023–24 → FY2025–26 | 2 → 1 | Rank among the 3 certified CDFIs in Illinois with SBA approvals in either period: 3 → 2. |
| Total assets (Call Report, 30 Jun 2026) | $649.6 million | Larger than 71% of the 321 other certified banks and bank holding companies nationwide (median $381.4 million). |
| Loans as a share of assets | 71% | Median of the same 321 banks and bank holding companies: 68%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $408.3 million → $458.2 million (+12%) | Median change of 321 other certified banks and bank holding companies nationwide: +7%. Rank by loans held among these 322: 92 → 90. |
| Home loans originated in 2025 (HMDA) | 82 | More than 39% of the 263 other certified CDFIs that reported 3 or more (120 at the median). Volume only; nothing here is an approval rate. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| SBA approvals then vs now | certified CDFIs in Illinois with SBA approvals FY2023–2026 | 2 | rank 3 → 2 of 3 |
| Call Report total assets | other certified banks and bank holding companies nationwide | 321 | larger than 71% |
| Loans held then vs now | certified banks and bank holding companies nationwide reporting both dates | 321 | rank 92 → 90 of 322 |
| HMDA home loans | certified CDFIs with 3+ originations in 2025, nationwide | 263 | more than 39% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section). Home loans: FFIEC/CFPB HMDA data.
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 10 SBA-backed approvals for First Eagle Bank in fiscal years 2020–2026 (October 2019 to September 2026):
- 5 7(a) loans as the lender: $1.2M in total (gross amount approved), median $205,400
- 5 504 projects as the third-party (first-lien) lender: $6M in total (its own third-party loan amount), median $1.4M
By fiscal year: FY2020 3 · FY2021 2 · FY2022 2 · FY2023 0 · FY2024 2 · FY2025 1 · FY2026 0.
By program
- 504 projects (as the third-party lender) (5, 50%)
- 7(a) SBA Express (4, 40%)
- 7(a) standard (1, 10%)
Borrower industries
NAICS sector, 3 or more loans.
- Arts, entertainment, and recreation (3)
How this lender was matched in the SBA files: FDIC cert 25883, found through the RSSD ID on the CDFI Fund list (SBA lists “First Eagle Bank”); 504 third-party lender name: same name, state and city (SBA lists “First Eagle Bank”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. First Eagle Bank may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Chicago and Illinois
- Allies for Community Business, Inc.Loan fund · Chicago, ILSmall-business loansVerified
- Berean Credit UnionCredit union · Chicago, ILOfficial list only
- C3 Impact Fund, LLCVenture capital fund · Chicago, ILOfficial list only
- Chicago Community Loan Fund, TheLoan fund · Chicago, ILCommercial real estate loans, Affordable housing development loans, Nonprofit / community facility loansVerified
- Cinnaire Lending CorporationLoan fund · Chicago, ILAffordable housing development loans, Nonprofit / community facility loansVerified
- Community Investment CorporationLoan fund · Chicago, ILCommercial real estate loans, Energy / solar / efficiency loans, Affordable housing development loansVerified
- Fellowship Baptist Church Credit Union IncCredit union · Chicago, ILOfficial list only
- First Eagle BancsharesBank holding company · Chicago, ILAuto / vehicle loans, Commercial real estate loans, Credit-builder loans, Equipment loans…Verified
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