Ecosystem Map The Coalition Website

First Citizens Bank

We are large enough to have the products and services the larger banks have, but the mindset of community lending.

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Contact Information
Arlington, VA (Able to meet businesses off-site)
(703) 650-1683 / (703) 650-1685 https://www.firstcitizens.com/small-business
Locations Served
Districtwide
Maryland
Virginia
Languages
English
Korean
Spanish
Lender Interests
Medical and dental industry, HVAC, plumbing, childcare, nonprofit, religious and professional firms (e.g. CPA's, Attorneys, etc.)
Decision Making Process
Centralized lending with local decision support
Reasons for reject
Cash flow, lack of guarantor support, Loan-to-Value
General Information

Lu Fraser | Business Banker II | (703) 650-1683 | lu.fraser@firstcitizens.com

Devaughan Moore | VP | (703) 650-1685 | devaughan.moore@firstcitizens.com

Products & Services

Products & Interest Rates

  • Unsecured term loans
  • Secured lines of credit
  • Unsecured lines of credit
  • Business credit cards
  • Secured term loans: Rates vary depending on structure purpose and loan terms

Loans Offered

  • Small business microloans:
    • $5,001 – $50k
  • Small business loans:
    • $50,001 – $150k
    • $150,001 – $250k
    • greater than $250,001

SBA & Other Products

  • 7(a) loans
  • 504 loans
Eligibility & Requirements

General Requirements †

  • Personal Credit Score:
    Minimum 680
  • Business Credit Score:
    Taken into consideration
  • Personal Guarantee:
    Yes
  • Number of Months Financial Statements:
    36 months
  • Years in Operation:
    2 years
  • Annual Revenue:
    Varies
  • Collateral:
    Based on financing request; for collateral real estate (CRE) normally 80%-85% loan-to-value (LTV)

Ineligible Loan Uses ‡

  • Cash flow
  • Lack of guarantor support
  • Loan-to-Value
  • Adult entertainment, retail strip malls
  • For startups need to call to discuss.

† Note: These are generally required
‡ Items, industries, and/or purposes that are not eligible for financing