in
this issue
504
Borrower Fee Decreases 7.5%
Effective October 1st, the 504 borrower fee declines from
0.425% per annum to 0.393% per annum, a 7.5% decrease and the 4th
consecutive annual reduction.
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more....
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| SBA
504 Rates
SBA 504 October Effective Rate Falls to 6.36%
20-year Fixed Rate Effective Oct. 14 - Nov. 11, 2003.
Effective Rate: 6.36%,
(1st 5 years: 6.24%)
Note Rate: 4.99%
Debenture Rate: 4.92%
The 10-year 504 rates are:
Effective Rate: 5.78%,
(1st 5 years: 5.59%)
Note Rate: 4.12%
Debenture Rate: 3.98%
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FFC Coming to Miami-Dade, Pinellas,
Duval
SBA last week published its new rules for the 504 loan
program, including changes that will permit Florida First
Capital to operate in every Florida county, including
Miami-Dade, Pinellas and Duval.
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on... »
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FFC Ends 2003 #7 U.S. CDC
Florida First Capital closed fiscal year 2003 with a bang and
became the seventh most active and the fastest- growing major
Certified Development Company (CDC) in the nation.
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Story »
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SBA Loans Rise Across The Board
A record number of small businesses turned for credit
assistance to the U.S. Small Business Administration over the
past year, producing a 29 percent increase in the total number
of loans backed by the agency in FY 2003.
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Story »
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SBA NEWS: Disaster Loans for S. FL Tornadoes
Landlords and businesses located in Palm Beach, Broward,
Glades, Hendry, and Martin counties may apply for physical
damage disaster loans due to damage caused by severe storms
and tornadoes that occurred August 7, 2003.
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