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Florida First Capital Finance Corporation                                   January 2010
 
JANUARY 504 RATES
REMAIN LOW
20-Year Real Estate Rate: 5.79%* 
1st Five Yrs: 5.66%
Note Rate: 4.45%
 
10-Year Equipment Rate:
4.90%* 
 
 *Full-term effective rates are inclusive of servicing fees.
  
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CONGRATULATIONS TO BARBARA IN NAPLES, OUR DECEMBER WINNER!
 
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COMMERCIAL LENDING
Wall StreetReviving the Secondary Market: A Jump Start for Stalled Lenders
A bill that passed last year to revive the secondary market for Small Business Administration (SBA) 504 loans is expected to kick off soon, according to the SBA.  For the first time, the SBA will guarantee up to $3 billion in pools of commercial banks' 504 loans (first mortgages) sold into the secondary market.

Story ...

INDUSTRY NEWS
Crystal BallHow Long Will 504 Rates Remain at Historical Lows?

Over the last year, 504 borrowers have enjoyed the lowest effective interest rates in the program's 24-year history.  So the question begs: how long will these low rates last?

ASK THE EXPERTS
Ask the Experts504 Q&A
Q -- How is adequate collateral determined under the Small Business Administration (SBA) 504 loan program?  Must a guarantor pledge a residence if it has 20% equity in the home?
Answer ...  
 
If you have a question you'd like our Florida 504 loan experts to answer, email it to insider@ffcfc.com.
BORROWER PROFILE
Womens Center504 Aids in Breast Cancer Care
The Women's Breast Care Center (WBCC) in Palm Beach County provides vital care and support to its patients in the South Florida area. What started out as a small one physician office six years ago today has grown into a thriving practice.
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 

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