January Lender Update
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January 2007
 
 
Florida First Capital Finance Corporation
Lender Update

FFC 504 Rates

FFC 504 January Effective Rate 6.29%

The 20-year 504 rates announced today for January are:

FFC Effective Rate: 6.29%
FFC First Five Years: 6.21%
Note Rate: 5.40%
Debenture Rate: 5.32%

The 10-year 504 rates for January/February are:

FFC Effective Rate: 6.44%
Note Rate: 5.37%
Debenture Rate: 5.19%


Proposed Bank Regulations Favor Use of 504 Program

Federal regulators have proposed guidelines limiting the amount of commercial real estate loans banks can hold without drawing further oversight. The 504 Loan Program offers an effective means to deal with this regulatory challenge.

FFCFC 504 Keeps Expanding Business . . . Expanding

Barry Stem, President and CEO of Duratek Wall Corporation and Duratek Precast Technologies reports, “We would have been in big trouble if we hadn’t been able to make use of FFCFC’s 504 loan program. The cash savings allowed by our two 504’s made it possible for us to purchase one facility, completely renovate another and finance needed manufacturing equipment.”

Ask the Experts
504 Q & A

Q – Can the borrower's equity contribution be borrowed?

Teleseminar on the 504 Loan Program for Bankers

The Office of the Comptroller of the Currency will be presenting a telephone/web seminar on the 504 Loan Program, Wednesday, January 31, 2007 from 2:00 - 3:30 p.m. EST. It will be a great educational opportunity for banks interested in the program to hear details about how the program works as well as to ask questions.

Number Of Small Loans Outstanding Grew By 25 Percent

The number of small business loans outstanding under $100,000 increased 25 percent between June 2004 and June 2005, according to a report released today by the Office of Advocacy of the U.S. Small Business Administration. The increase came mostly from credit card use by small business. The report also noted that the number of small business loans outstanding between $100,000 and $1 million increased 5 percent during the same period.

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FFCFC is proud to be a charter member of the Florida Finance Network, an organization that unifies Florida’s economic development financing program and is available throughout Florida to educate lenders, business owners, and economic development officials about financing programs available to small businesses. FFN builds awareness of state and federal small business and economic development financing programs available to Florida businesses.
phone: 888-320-5504

Since 1983 FFCFC, Florida's Statewide Certified Development Company, has provided financial assistance to small businesses in conjunction with U.S. government, State of Florida and private sector lending programs.

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