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10 New Year Resolutions for Small Business Lenders

Dec 2014

The New Year is a great opportunity for commercial lenders to boost their lending portfolios while providing much need capital to small businesses growing and expanding their operations through fixed asset purchases.

While you're contemplating life changing resolutions for the New Year, resolve to partner with Florida First Capital Finance Corporation to offer the Small Business Administration (SBA) 504 Loan Program and increase your small business lending efforts in 2015!

1) Life Resolution: Lose weight.

504 Resolution: Trim portfolio fat with low loan-to-value ratio 504 loans. Florida First Capital provides SBA backed financing up to 40% of the project cost, thus conserving liquidity. The borrower down payment is just 10% in most cases.

2) Life Resolution: Drink less.

504 Resolution: Take steps toward revitalizing your loan production with the SBA 504 Loan Program. The program works steadily and consistently to ensure small business owners continue to have access to low-cost, long term financing for the purchase of fixed assets such as commercial real estate and long-life machinery and equipment.

3) Life Resolution: Quit smoking.

504 Resolution: Don't let your portfolio go up in smoke with risky loans. Under the 504 Loan Program's distributed credit structure, the lending institution gets a 50% loan-to-value first lien position on the assets being purchased - cutting the risk tremendously. And for added security, 504 lenders can utilize the 504 Bridge Loan Program to cover all or part of the second mortgage during the interim period of the 504 project until the permanent SBA second mortgage takeout occurs.

4) Life Resolution: Get fit.

504 Resolution: Florida First Capital has a time tested and proven track record of SBA 504 experience, performance and service ranking it among the top 5 certified development companies in the nation.

5) Life Resolution: Get out of debt.

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

6) Life Resolution: Enjoy life more.

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

7) Life Resolution: Spend more time with family.

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

8) Life Resolution: Get organized.

504 Resolution: When it's time to close the deal, you'll have access to a specialized statewide network of local Florida First Capital closing attorneys who have extensive experience in finalizing SBA 504 transactions.

9) Life Resolution: Learn something new.

504 Resolution: Take advantage of the best kept secret in the commercial mortgage industry that has been assisting small business owners grow and expand their operations through fixed asset purchases for decades - the SBA 504 Loan Program.

10) Life Resolution: Help others.

504 Resolution: The 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.

2015 can be a great year for your commercial lending institution. And with the help of the SBA 504 Loan Program offered through Florida First Capital, you'll find your lending risk diminishing and your portfolio growing!

For more information about SBA 504 loans in Florida,contact a Florida First Capital Loan Officer hereor email us atinfo@ffcfc.com. Phone: 850.681.3601 or toll-free at 888.320.5504.