September SBA Lenders Update Highlights:
SBA 504 Rates Fall to Record Low: 6.33%
The 20 year 504 Rates for 9/10/02 are:
Effective Rate: 6.33%, (1st 5 years): 6.20%
Note Rate: 4.96%
Debenture Rate: 4.89%
The 10-year 504 Rates are:
Effective Rate: 5.66%.
Note Rate: 4.02%
Debenture Rate: 3.88%
AmSouth, G.E. Capital Top North Florida 504 Lenders by
Total Loans, Volume
AmSouth
leads with the most total loans and G.E. Capital with the largest loan
volume. Full text.
New FFCFC Business Development Officer in Northwest Florida
Florida First Capital has
named James Hosman its new Northwest Florida business development officer.
He is a former certified business analyst with the University of West Florida
Small Business Development Center (SBDC) in Pensacola. Full text.
Benefits for Bankers: SBA ExportExpress
Improved
SBA announced improvements
to its ExportExpress loan program that will
simplify export financing opportunities for small businesses and attract more lenders to participate in the program. Full
text.
Spotlight: Low Cost Loans for Industrial Recycling in Florida
Through the Florida
Recycling Loan Program, Florida First Capital provides Florida businesses with access to
capital for the purchase of equipment and machinery to expand industrial
recycling activities. Full text.
SBA
News
Nationwide Disaster Loan Deadline Extended to September 30, 2002
SBA has extended to September 30, 2002, the nationwide filing deadline for small businesses
affected by the Sept. 11 attacks to apply for Economic Injury Disaster Loans.
Note: Applications for disaster assistance do not count towards 504 or 7(a)
loan limits. SBA News Release re: Disaster Loans
Florida First Capital, the State
of Florida's Certified Development Company, provides financial
assistance to small businesses in conjunction with the U.S. Small Business
Administration and private sector lenders. From Pensacola to Key West, Florida First Capital provides new and
growing businesses with long-term, fixed-rate financing for major fixed
assets, such as real estate and equipment. For more information visit our
website at ffcfc.com or call us at 1-888-320-5504 or email us at:
info@ffcfc.com
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