| COMMERCIAL LENDING |
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 Senators Propose Immediate Changes at the SBA
Amid tightened credit by commercial lenders, a recessed economy and rising interest rates, two U.S. Senators are requesting the SBA take immediate steps to help small businesses. Story ...
November 504 Effective Rate Increase Explained
While the increase in the November 504 net effective rate to 7.74% is extraordinary, it is not unexpected given the extreme distress facing the United States and world capital markets today. Several factors combined this month to increase the costs of funds to finance 504 projects.
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| ASK THE EXPERTS |
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 504 Q&A
Q1 - Is there a difference between a "new" or "existing" business as it relates to processing an SBA 504 loan?
Q2 - What happens if a borrower is expanding its operations into another location?
Q3 - What happens if the borrower is purchasing an existing business? Is the project automatically considered an "existing business" (i.e., a "change of ownership")?
Q4 - What happens if an owner is buying out a partner? Answers ...
If you have a question you'd like the 504 experts to answer, email it to insider@ffcfc.com |
| ON THE BOOKS |
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 FFCFC 504 Authorizations
The following is a listing of recent FFCFC 504 authorizations.
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| SUCCESS STORY |
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 FFCFC 504 a Knockout for this Martial Arts Champion
Steve Butts is a man about excellence. As an accomplished martial arts champion and master instructor, he sought no less from a financing program to fund the expansion of his popular teaching school in Northwest Florida.
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| SMALL BUSINESS NEWS |
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 So How Important Are Small Businesses to the U.S. Economy?
According to research released by the SBA, small firms represent 99.7% of all employer firms and employ about half of all private sector employees.
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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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