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Florida First Capital Finance Corporation                                   October 2009
 
OCTOBER 504 RATE
FALLS BELOW 5% 
Full Term: 4.86% 
1st Five Yrs: 4.77%
Note Rate: 3.981% 
 
*Full-term effective rate is inclusive of servicing fees.
 
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CONGRATULATIONS TO ROBERT IN POMPANO BEACH, OUR SEPTEMBER WINNER!
 
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504 PROGRAM INFO
 

Loan Criteria (pdf)

Loan Profile (pdf)

The FFCFC Advantage (pdf)

 

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COMMERCIAL LENDING
Time is Running OutClock is Ticking on Eliminated Borrower Fees
Lenders are reminded time is running out on the elimination of most borrower fees on 504 loans under the American Recovery and Reinvestment Act of 2009.
Details ...
 
504 Interest Rate Dips Below 5%
For the first time ever, the 20-year fixed rate for 504 loans has fallen below the 5% threshold to a historic low of 4.86% for October 2009.  This is the fourth time in six months the rate has set a record low.
Details ...
ASK THE EXPERTS
504 Q&A
Q - Does the expansion of an existing business to a new location with the creation of a new business/operating company automatically cause the project to be considered a start-up and thus require an additional 5% equity injection?
Answer ...
 
If you have a question you'd like our Florida 504 loan experts to answer, email it to insider@ffcfc.com
BORROWER PROFILE
504 Goes Retro504 Goes Retro to Save a Piece of Florida History
Remember piling into the family truckster and heading to the beach for a true family adventure on the Florida coast?
Story ...
INDUSTRY NEWS
SBA Launches YouTube ChannelSBA Launches YouTube Channel
Social media is fast becoming a powerful marketing tool for businesses today.  The Small Business Administration recently took note of this trend by launching its own YouTube channel.
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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

FFCFC is a state-founded, nonprofit certified development company that promotes economic development and job creation throughout Florida.  Under the SBA 504 loan program, FFCFC works with private-sector lenders to provide Florida small businesses with affordable, fixed-rate and long-term financing for the purchase of fixed assets.  FFCFC also lends under the Florida Recycling Loan Program and other small business assistance programs.

Email: info@ffcfc.com                 Phone: 888.320.5504 

Florida First Capital Finance Corporation | 1351 N. Gadsden Street | Tallahassee | FL | 32303