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SBA this month implemented a $500,000 limit on 7(a)
loans. The cap, implemented because SBA total loan authority is temporarily
limited by Congress, will remain in effect at least until SBA’s final
fiscal year 2003 budget is approved. Larger loans will be handled by the 504
program and the STAR (Supplemental Terrorist Activity Relief) program. Full text. New Business Development Officer in Central Florida Florida First Capital has named Vincent J. LoPresti its
new Benefits
for Bankers: First-Mortgage Data to be Tracked Responding to requests by banks that want to know
overall participation in the 504 program, the SBA has modified the data
collection fields for 504 loans in order to track first mortgage-holder data.
Effective immediately, first-mortgage activity will be tracked by the SBA and
accessible through its offices and servicing centers. Link to SBA Procedural
Notice Florida
Exporters to Get Easier Access to Loans SBA and the Florida
Export Finance Corporation (FEFC) entered an agreement last month that
enables exporters in SBA News SBA Launches
Spanish-Language Web Site SBA recently announced the launch of its new Spanish
language Web site, www.sba.gov/espanol.
The site will offer current information on lending for the growing Hispanic
business community as well as information on writing business plans, starting
a business, accessing government contracts and other technical assistance. Link to SBA News Release.
SBA Comunicado de Prensa. Florida First Capital, the State of |
