Florida First Capital Finance Corporation (FFCFC)

BREAKING NEWS
SBA Announces ARRA Wind down Plan for 504 and 7(a) Programs The Small Business Administration has announced plans to simultaneously wind down the temporary reduction of fees for the 504 and 7(a) programs and bring both back programs to pre American Recovery and Reinvestment Act (ARRA) terms. Details ...

COMMERCIAL LENDING

SBA Creates Secondary Market Guarantee Program for 504 First Mortgage Loan Pools

The 504 loan program received another stimulus boost recently with the creation of a Small Business Administration secondary market guarantee program. The new program is designed to provide greater liquidity for lenders and expand access to capital for small businesses.
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Effective Rate for 504 Equipment Loans Hits Record Low
Small business owners and manufacturers who need financing to purchase new or used equipment can take advantage of historically low 504 effective rates. The November rate for a 10-year equipment loan is 4.15% - the lowest ever.
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ASK THE EXPERTS
504 Q&A Q - Is a 504 loan available to a small business if the business is not going to occupy 100% of the space? When does the small business have to satisfy the occupancy requirements under the 504 loan? Answers ... If you have a question you'd like our Florida 504 loan experts to answer, email it to insider@ffcfc.com.

BORROWER PROFILE
504 "Painless" in More Ways Than One for This Borrower Jeffrey Caudill, M.D., knows a lot about pain. As the owner of North Florida Pain Center in Jacksonville, Dr. Caudill specializes in helping people who suffer from chronic pain conditions. Story ...

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.

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