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Florida First Capital Finance Corporation                                      April 2010
 
APRIL 504 RATES
REMAIN LOW
20-Year Effective Rate: 5.77%* 
1st Five Yrs: 5.64%
Note Rate: 4.43%
 
10-Year Effective Rate:
4.60%* 
 
 *Full-term effective rates are inclusive of servicing fees.
  
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CONGRATULATIONS TO JIM IN PANAMA CITY, OUR MARCH WINNER!
 
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BREAKING NEWS
CongressCongress Extends 504 Fee Eliminations

The elimination of most up-front 504 program fees will now continue until a new $80 million appropriation is exhausted, thanks to legislation passed quickly yesterday by the U.S. Congress.

ASK THE EXPERTS
Ask the Experts504 Q&A
Q -- Does the third party lender (the bank, non-bank lender, etc.) in a 504 loan project have to be on the Small Business Administration's (SBA) approved lenders' list?
Answer ... 
 
If you have a question you'd like our Florida 504 loan experts to answer, email it to insider@ffcfc.com.
BORROWER PROFILE
AC504 Loan Helps Contractor Beat the Heat in More Ways Than One

The downturn in the housing sector has created a financing problem for niche or specialty contractors.  Even in Florida's tropical climate, air conditioning contractors are finding it difficult to expand in today's credit environment. 

Profile ...

INDUSTRY NEWS
Question MarksTop 25 NAICS Codes for SBA 504 Loans
Curious about which industries use 504 loans the most?  The Small Business Administration (SBA) Office of Credit and Risk Management provided the following breakdown of the top industries that utilized the 504 program in FY 2009 and through Feb. 28, 2010.
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.
 
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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