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| February 2007 |
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Florida First Capital Finance Corporation
Lender Update
FFC 504 Rates
FFC 504 February Effective Rate 6.46%
The 20-year 504 rates announced for
February
are:
FFC Effective Rate: 6.46%
FFC First Five Years: 6.38%
Note Rate: 5.57%
Debenture Rate: 5.49%
The 10-year 504 rates for January/February
are:
FFC Effective Rate: 6.44%
Note Rate: 5.37%
Debenture Rate: 5.19%
FFC Tapped to Manage Tornado Bridge Loans
In response to damage from the recent central
Florida tornados, the State of Florida has
implemented a Disaster Bridge Loan program for
affected small businesses. Once again, the
Governor’s Office has turned to FFCFC to administer
the program.
Proposed SBA Budget Increases 504 Funds, Eliminates Guaranty Fee
If Congress approves the Bush Administration’s
proposed SBA budget for FY 2008, loan funds for the
504 program will increase by 25% and the up-
front “SBA Guaranty Fee” will be eliminated.
Ask the Experts
504 Q & A
Q – What financial statements are
required when processing an SBA 504 loan?
Hungry for Growth: FFCFC Feeds Cajun Specialty Meats’ Need For Expansion Financing
Cajun Specialty Meats, a Pensacola based
specialty meat manufacturer with wholesale, retail,
and internet distribution points, recently contacted
FFCFC to arrange financing for the purchase and
renovation of an existing property. The preservation of
working capital was a top priority for the two brother
management team.
Distressed Communities: Florida DCA Seeks Feedback for Enhanced Community Revitalization and Business Development
In 1999, Gov. Jeb Bush created the Front Porch
Florida Initiative within the Department of Community
Affairs (DCA) as a means to rebuild distressed
communities. Now DCA needs your input to guide
the redevelopment of this initiative.
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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.
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phone:
888-320-5504
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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.
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Florida First Capital Finance Corporation | 1351 N. Gadsden Street | Tallahassee | FL | 32303
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