| COMMERCIAL LENDING |
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 Lowest Interest Rate Ever for 504 Loans
The 20-year fixed interest rate on 504 loans for commercial real estate fell to 5.14% for September -- the lowest rate in the loan program's 23-year history.
Details ...
SBA Six-Month Recovery Act Report Card
The Small Business Administration (SBA) recently released their "Six-Month Recovery Act Report Card" which indicated there has been a significant recovery in loan volume since the American Recovery and Reinvestment Act (ARRA) provisions were implemented in March.Details ...
Ongoing Borrower Fee Increases Oct. 1
For 504 loans approved on or after Oct. 1, 2009, the "annual fee" paid by borrowers on an ongoing basis to the Small Business Administration (SBA) will be increased from 0% to 0.389% (38.9 basis points) of the outstanding balance of the 504 loan.
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| INDUSTRY NEWS |
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 SBA Releases Updated SOP
The Small Business Administration (SBA) has released SOP 50-10(5)(B), which becomes effective on Oct. 1, 2009. Lenders should familiarize themselves with the updates and how they impact the 504 program. Details ... |
| ASK THE EXPERTS |
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 504 Q&A
Q - I have foreclosed on a 504 project and have a buyer for the property. What do I need to do? Answer ...
If you have a question you'd like the 504 experts to answer, email it to insider@ffcfc.com |
| BORROWER PROFILE |
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 504 Helps Ethnic Bakery Shine
The Sun Pearl Bakery in Orlando is a beacon for all things exotic in the world of baking. However, this might have been the case due to a particularly challenging set of circumstances involving the property's environmental eligibility.
Story ... |
| MEET THE STAFF |
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 Saara Pekale, FFCFC Director of Closing & General Counsel
Saara serves as Director of Closing & General Counsel and is based in Boca Raton. She has more than 15 years of commercial real estate and finance law experience. Details ... |
| 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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