FFC Top SBA Lender in North Florida

SBA has announced year-end results which show that Florida First Capital has become the largest SBA lender in North Florida by loan volume.

Florida First Capital has become the largest SBA lender in North Florida by loan volume. SBA’s North Florida District comprises 43 counties from the Orlando area in the south to Jacksonville and the Panhandle in the north.

Florida First Capital issued more than $32 million in loans supporting transactions totaling more than $78 million during the 2004 SBA fiscal year and created or retained 959 jobs – a record year on both counts. The company’s average North Florida loan was more than $422,000.

“For the first time in North Florida, an economic development organization led all lenders in delivering SBA capital to small businesses,” said Todd Kocourek, president and CEO of Florida First Capital.

Statewide, Florida First Capital loaned more than $93 million for commercial real estate projects exceeding $222 million in total value. According to Kocourek, Florida First Capital’s rise is the result of the company’s extensive expansion begun more than three years ago

“We’re very proud that Florida First Capital puts more SBA capital in the hands of North Florida small businesses than any other lender,” said Kocourek.