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Florida First Capital Finance Corporation                                         June 2009
 
JUNE FFCFC 504 RATE 
Note Rate: 5.022%
1st Five Yrs: 5.81%
Full Term: 5.89% 
 
*Full-term effective rate is inclusive of servicing fees.
 
DETAILS (pdf)
TEMPORARY ELIMINATION OF FEES
 
Effective March 16, 2009, the bank participation fee of 0.5% and the CDC processing fee of 1.5% are now zero.
 
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CONGRATULATIONS TO BRADEN IN MILTON, OUR JUNE WINNER!
 
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504 PROGRAM INFO

Loan Criteria (pdf)

Loan Profile (pdf)

The FFCFC Advantage (pdf)

 
 
Regional Office Locations (pdf)
 
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COMMERCIAL LENDING
Pegasus504 Borrower Fee to Increase Oct. 1
Lenders and borrowers now have another incentive to get their 504 loans done sooner than later but it may not be what they expected.
ASK THE EXPERTS
Experts504 Q&A
Q - Is a payment deferment right for your client?
Answer ...

If you have a question you'd like the 504 experts to answer, email it to insider@ffcfc.com
SUCCESS STORY
Ace GraniteStone Importer Carves Out Savings with a 504 Loan
In today's uncertain economic climate, it is essential for small business owners to maximize working capital reserves to ensure they are ready for any possible situation that may call for "liquid" assets.
Story ...
INDUSTRY NEWS
FAQARC Loan FAQs for Lenders
On June 15, 2009, the SBA began issuing 100% guarantees on America's Recovery Capital (ARC) loans of up to $35,000 to provide short-term help for struggling small business owners to make their principal and interest payments on existing qualifying debt.
Details ...
 
Study Ranks Banks on Small Business Lending
The growth of small and microbusiness lending remained positive during the first half of 2008, although the expansion was slower than in the previous year, according to the latest edition of the Office of Advocacy's annual study of lending to small firms.
FLORIDA FINANCE NETWORK
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.
 
FFN Network

FFCFC 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.

Email: info@ffcfc.com                     Phone: 888.320.5504
Florida First Capital Finance Corporation | 1351 N. Gadsden Street | Tallahassee | FL | 32303