| COMMERCIAL LENDING |
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 Deadline Approaching for Current 504 Program Fee Relief
Lenders and borrowers are reminded that the deadline for the current round of 504 program fee relief is fast approaching. The temporary extension, which expires on March 28, eliminates both the bank participation fee of 0.5% and the certified development company (CDC) processing fee of 1.5%.
 Secondary Market Access: Your Inside Source for Selling 504 First Mortgages
NOTE: The SBA expects to begin issuing the first loan pool guarantees in April of 2010.
As part of the American Recovery and Reinvestment Act, Congress authorized the Small Business Administration (SBA) to create a temporary program that provides guarantees on eligible pools of 504 first mortgages to be sold on the secondary market.
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| INDUSTRY NEWS |
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 Attention Lenders: Second Annual South Florida Small Business Lending Forum Set for April 13
Florida First Capital and the Fogel Law Group are hosting the Second Annual South Florida Small Business Lending Forum from 11 a.m. until 3 p.m. on Tuesday, April 13, 2010, at the Renaissance Boca Raton Hotel.
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| ASK THE EXPERTS |
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 504 Q&A
Q -- Is a payment deferment right for your client? Answer ...
If you have a question you'd like our Florida 504 loan experts to answer, email it to insider@ffcfc.com. |
| BORROWER PROFILE |
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 504 Loan a Vision of Optic Health for this Borrower
504 projects enable small businesses to provide vital services not only on a local level, but at times globally. There is till profit to be made by refurbishing and exporting used equipment and the right entrepreneur doesn't need glasses to see that.
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| 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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