Florida First Capital Finance Corporation
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 Florida First Capital Finance . Lender Update 
August 2005 
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SBA 504 Rates

SBA 504 August Effective Rate 6.41%

The 20-year 504 rates announced Today (8/16/2005) are:

Effective Rate: 6.41%
First Five Years: 6.29%
Note Rate: 5.18%
Debenture Rate: 5.11%

The 10-year 504 rates are:
(as of 7/08/05)

Effective Rate: 6.13%
Note Rate: 4.67%
Debenture Rate: 4.51%

in this issue
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  • FFC Joins SBA in Pilot Program to Streamline 504 Approval Process
  • U.S. Census and SBA Loan Programs Reflect Exponential Growth in Entrepreneurship
  • Business Owners Get Helping Hand from SBA 504 LOAN PROGRAM
  • FFC Helps Hundreds of Florida Businesses with Bridge Loans
  • Check the S.O.P: 504 Q&A

  • U.S. Census and SBA Loan Programs Reflect Exponential Growth in Entrepreneurship
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    The U.S. Census Bureau released preliminary estimates from its Survey of Business Owners, indicating that minority groups and women are increasing business ownership at a much faster rate than the national average. Overwhelming increases in minority business ownership parallel the demand for SBA loan products in these communities.

    More info... »

    Business Owners Get Helping Hand from SBA 504 LOAN PROGRAM
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    When Alan White purchased a truck accessories business last year, he had an option to buy the building as well. But coming up with the 30 percent down often required for a commercial loan was more than White could manage from a brand new business.

    Full Text... »

    FFC Helps Hundreds of Florida Businesses with Bridge Loans
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    Florida First Capital has so far aided over 675 Florida businesses impacted by the 2004 and 2005 hurricanes. At the request of the Governor's Office, FFC administers the majority of the State's Small Business Emergency Bridge Loan Program

    Read on... »

    Check the S.O.P: 504 Q&A
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    Q -In order to qualify for the maximum available SBA debenture ($4million), how is a business classified as a "Small Manufacturer"?

    Read the answer... »

    FFC Joins SBA in Pilot Program to Streamline 504 Approval Process
    Because of the quantity and quality of the 504 loan requests it submits to the SBA for approval, Florida First Capital Finance Corporation (FFCFC) has been chosen to participate in a national SBA Pilot program known as the Abridged Submission Method (ASM). The ASM Pilot significantly streamlines the document submission process and is expected to greatly reduce the approval time for 504 loan requests.

    Details...

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    Florida First Capital Finance Corporation · 1351 N. Gadsden Street · Tallahassee · FL · 32303