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10 New Year Resolutions for Small Business Financing

Dec 2010

The New Year can be a golden opportunity for commercial lenders to turn their struggling or flat portfolios around. If you spent 2010 fretting over your bank's loans that seemed lost, rejoice! The following are a few simple changes that can help you cut risk while increasing sales. All while making your bank more profitable.

While you're contemplating life changing resolutions for the New Year, resolve to let the FFCFC 504 loan program boost your small business lending efforts in 2011!

• Life Resolution: Lose weight.

504 Resolution: Trim portfolio fat with low loan-to-value ratio 504 loans. Florida First Capital provides Small Business Administration (SBA) backed financing up to 40% of the project cost, thus conserving liquidity and permitting the sale of the first mortgage on the revived secondary market for premium income. The borrower puts down just 10% in most cases.

• Life Resolution: Drink less.

504 Resolution: Take steps toward revitalizing your loan production with FFCFC's 504 loan program. The program works steadily and consistently to ensure small business owners continue to have access to affordable financing for the purchase of commercial real estate and long-life machinery and equipment.

• Life Resolution: Quit smoking.

504 Resolution: Don't let your portfolio go up in smoke with risky loans. Under an FFCFC 504 loan's distributed credit structure, the bank gets a 50% loan-to-value first lien position on the assets being purchased -- cutting the risk tremendously.

• Life Resolution: Get fit.

504 Resolution: FFCFC has a tested and proven track record of 504 experience, performance and service ranking it among the top certified development companies in the nation.

• Life Resolution: Get out of debt.

504 Resolution: FFCFC 504 loans help growing small businesses reach financial profitability with low fixed interest rates, long amortization terms and low down payments.

• Life Resolution: Enjoy life more.

504 Resolution: Our highly trained and experienced staff of loan officers and underwriting, closing and servicing professionals will help take the stress out of dealing with the SBA.

• Life Resolution: Spend more time with family.

504 Resolution: From prequalification to closing, our loan officers will take care of all the paperwork, answer your questions and work with you every step of the way, freeing up your valuable time.

• Life Resolution: Get organized.

504 Resolution: When it's time to close the deal, gain access to a specialized statewide network of local FFCFC closing attorneys who have extensive experience in concluding 504 real estate transactions.

• Life Resolution: Learn something new.

504 Resolution: Take advantage of the little known yet best kept secret in the commercial lending industry that has been assisting small business owners for almost three decades - the 504 loan program.

• Life Resolution: Help others.

504 Resolution: The FFCFC 504 loan program makes affordable credit available to small business owners across Florida. Equally important, it is an investment in the backbone of the economy which creates small business jobs that help build and support local economies and communities.

2011 can be a great year for your commercial lending institution. It will take consistency and dedication to sticking with the 504 small business financing resolutions. But if you do, you'll find your portfolio swelling and your headaches vanishing.

For more information about 504 loans in Florida, contact Florida First Capital by visiting www.ffcfc.com, emailing us at insider@ffcfc.com or calling 888.320.5504.