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

FFCFC 504 Rates

FFCFC 504 July Effective Rate 6.79%

The 20-year 504 rates announced for July are:

FFCFC Effective Rate: 6.79%
FFCFC First Five Years: 6.71%
Note Rate: 5.90%
Debenture Rate: 5.82%

The 10-year 504 rates for July/August are:

FFCFC Effective Rate: 6.85%
Note Rate: 5.78%
Debenture Rate: 5.59%


SBA Guarantee Fee Being Eliminated

The SBA Guarantee Fee of one-half percent that borrowers pay is being eliminated for all 504 loans approved on or after Oct. 1, 2007.

FFCFC Day Proclaimed in Miami-Dade County

On June 15th the Miami-Dade County Office of the Mayor and Board of County Commissioners proclaimed Florida First Capital Finance Corporation Day in Miami-Dade County.

James Dilworth Returns to the Banking Community

For seven years James Dilworth served as a Senior Vice President and Underwriter for Florida First Capital but his roots to the banking community, where he began his career in 1986, ran too deep. Recently Dilworth accepted a position with Superior Bank as the Tallahassee Market President.

Ask the Experts:
504 Q&A

Q -How Does the 504 Loan Program Work for Franchises?

Formula for Success: The Unmatched Advantages
Of a Rural Location and an FFCFC 504 Loan

James Bugg and Michael Orand used to be competitors in the recycling business in Jacksonville. Recognizing the need for a regional recycling facility the two businessmen put their collective experience together, became partners and in March opened 1st Coast Recycling, Inc., in Palatka.

Small Business News

Disaster loan program is reopened to small business owners affected by the 2005 Gulf Coast hurricanes; and the SBA encourages the use of e- payments

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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