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

FFCFC 504 Rates

FFCFC 504 June Effective Rate 6.68%

The 20-year 504 rates announced for June are:

FFCFC Effective Rate: 6.68%
FFCFC First Five Years: 6.60%
Note Rate: 5.79%
Debenture Rate: 5.71%

The 10-year 504 rates for May/June are:

FFCFC Effective Rate: 6.36%
Note Rate: 5.29%
Debenture Rate: 5.11%


If a Hurricane Strikes, FFCFC is Prepared to Help

With hurricane season now officially upon us, FFCFC has renewed its commitment to the State of Florida to administer small business emergency Bridge Loans in the event of a storm strike.

Ask the Experts:
504 Q&A

Q -Under the 504 loan program, is there a difference between a special-purpose property and a multi-purpose property? If so, how does the SBA define special-purpose property?

Unique Manufacturer Opts for Unique FFCFC 504 Loan

Diversified Products Manufacturing of Jacksonville originally gained fame in the `80s with its patent of the Patterson Scoop, an add-on wheel lift that allows a vehicle to be picked up by the front wheels and towed - a major innovation to the towing industry. Today, with the help of two FFCFC 504 Loans, the company is again expanding its innovative vehicle product lines.

Small Business Lenders Find a Profitable Niche

Banking consolidation has been in full force for the past 20 years. According to the FDIC, the U.S. went from 12,343 commercial banks in 1990 to 7,402 in 2006. This offers opportunity to lenders focusing on small business.

GDP and Wealth: How Small Businesses Fare

Small businesses continue to generate half of the nation's private non-farm gross domestic product (GDP), according to The Small Business Share of GDP, 1998-2004, recently released by the SBA's Office of Advocacy.

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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