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Florida First Capital Finance Corporation                                   February 2010
 
FEBRUARY 504 RATES
REMAIN LOW
20-Year Real Estate Rate: 5.55%* 
1st Five Yrs: 5.42%
Note Rate: 4.20%
 
10-Year Equipment Rate:
4.90%* 
 
 *Full-term effective rates are inclusive of servicing fees.
  
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CONGRATULATIONS TO EDDY IN JACKSONVILLE, OUR JANUARY WINNER!
 
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BREAKING NEWS
DeadlineSBA Reactivates ARRA Loan Queue for 504 and 7(a) Programs
The Small Business Administration (SBA) has announced plans to simultaneously wind down the temporary enhancements for the 504 and 7(a) programs and bring both programs back to pre American Recovery and Reinvestment Act (ARRA) terms.

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ASK THE EXPERTS
Ask the Experts504 Q&A
Q -- Can a Small Business Administration (SBA) 504 loan be closed if the Internal Revenue Ser­vice (IRS) tax transcripts have not been received and verified?
Answer ...  
 
If you have a question you'd like our Florida 504 loan experts to answer, email it to insider@ffcfc.com.
INDUSTRY NEWS
504 WebinarNADCO to Host Free Web Seminar on 504 Program for Community Lenders

The National Association of Development Companies (NADCO) will host a free web seminar entitled "SBA 504 Loans - An Important Economic Development Tool for Community Lenders" from 2 - 3:30 p.m. (EST) on Thursday, March 11.

BORROWER PROFILE
Transport Trucks504 Helps Keep Speedy Enterprises Transport Rolling

It takes a lot of time and money to keep a fleet of trucks on the road and operating in top shape. So like any savvy small business owner would do, Berto Lorenzo, owner of Speedy Enterprises Transport in Homestead, sought to minimize his maintenance expenses. And he chose the 504 loan program to make it happen.

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