| COMMERCIAL LENDING |
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 Lenders Take Note: SOP Revisions Anticipated to Take Effect June 15
For more than a year now, the Small Business Administration (SBA) has been working on a major revision of its modernized Standard Operating Procedure (SOP) for lender and certified development company (CDC) loan programs, including the 504 program. The result of that work is expected to take effect this month.
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| ASK THE EXPERTS |
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 504 Q&A
Q - Can a 504 loan be closed and funds disbursed if the IRS tax transcripts have not been received and verified?
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| SUCCESS STORY |
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 Hard Work and an FFCFC 504 Loan Helps This Thrifty Businesswoman Expand
To spin a pun, you could say Faye Byrd's story is literally one of rags to riches. For 15 years, Byrd worked as a seamstress, and eventually as supervisor, for Homes of Merit, a custom window treatment manufacturer in Bartow, Florida.
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| INDUSTRY NEWS |
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 FFCFC Selected for E-tran Pilot
The Small Business Administration (SBA) has selected five certified development companies (CDCs), including Florida First Capital, to participate in a pilot program for using E-tran for 327 actions for 504 loan processing.
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| SMALL BUSINESS NEWS |
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 Borrowing Costs Predominate in the Debt Choices of Small Privately Held Firms
The capital structure decision -- a fundamental issue faced by financial managers -- is, simply put, how a firm finances its assets through some combination of debt and equity. Numerous studies have tested two theories of capital structure, focusing on publicly traded firms processing.
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| FLORIDA FINANCE NETWORK |
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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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