Florida First Capital Rises to No. 4 Nationally

Following another year of aggressive growth, Florida First Capital is now the fourth most active certified development company (CDC) in the nation. The company increased loan authorizations by 55% during the fiscal year ending in September.

Florida First Capital’s 504 loan authorizations rose from 143 in ’03 to 222 in ’04, an increase of 55%. Loan volume increased by more than 65% with total projects of more than $222 million. Florida First Capital 504 loans are also responsible for the creation or retention of 2,086 Florida jobs.

The company is now the No. 4 CDC in the country, rising from No. 7 last year. Florida First Capital is also the most active CDC in North Florida for the third consecutive year. There are more than 260 CDCs nationwide and seven in Florida.