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Florida First Capital Finance Corporation                                        May 2010
 
MAY 504 RATES
REMAIN LOW
20-Year Effective Rate: 5.52%* 
1st Five Yrs: 5.39%
Note Rate: 4.17%
 
10-Year Effective Rate:
4.60%* 
 
 *Full-term effective rates are inclusive of servicing fees.
  
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CONGRATULATIONS TO KEVIN IN SARASOTA, OUR APRIL WINNER!
 
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COMMERCIAL LENDING
Secondary Market Access Program for 504 First Mortgages Gets Underway 

Secondary Market Access -- a consortium of certified development companies and financial companies, including Florida First Capital -- has begun operations to purchase Small Business Administration 504 first mortgages for sale into the secondary market.

Loan QueTake Advantage of 504 Program Fee Relief Now

While there is no official word yet from the Small Business Administration, lenders and borrowers are reminded the current round of 504 program fee relief will expire sooner than later and are encouraged to take advantage now.

Details ...
 

504 Rates Remain Historically Low ... and Look to Stay That Way

With May's 20-year effective rate at 5.52% and the 10-year effective at 4.60%, 504 rates continue to be among the lowest in program history.  But for how long?
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ASK THE EXPERTS
Ask the Experts504 Q&A
Q -- What are the insurance requirements for Small Business Administration 504 Loans?
Answer ... 
 
If you have a question you'd like our Florida 504 loan experts to answer, email it to insider@ffcfc.com.
BORROWER PROFILE
PrimroseDaycare Goes "Green" with a 504

Is it possible to increase the amount of eligible Small Business Administration funding once a borrower has maxed out standard loan limits? In the case of this North Florida daycare, the answer was to go green the 504 way.

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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 Small Business Administration 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