May 2020
Commercial Lending
Florida First Capital Maintains National Lead in SBA 504 Loan Production

According to the Small Business Administration (SBA), as of April 30, 2020, Florida First Capital continued its lead in SBA 504 loan production not only in Florida, but also remained ranked the #1 SBA 504 lender nationally among all active Certified Development Companies for 7 months in a row.

Florida First Capital Maintains Its Lead in SBA 504 Loan Production NationallyFlorida First Capital – a multi-state nonprofit Certified Development Company operating in Alabama, Florida and South Georgia – has produced 203 SBA 504 loan projects so far this fiscal year, which ends Sept. 30, resulting in $217,944,000 of approved 504 dollars and $490,374,000 in total project financing, according to the SBA.  Florida First Capital is also currently ranked the #1 producer of SBA 504 Refinance Loans in the nation.

In FY 2019, the company was not only Florida’s #1 SBA lender statewide for a 4th straight year, but was also the #1 504 loan producer in the SBA’s Region IV area of operation, which serves Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina and Tennessee.

SBA 504 loans are provided in partnership between nonprofit, SBA regulated Certified Development Companies, like Florida First Capital, and commercial lenders.  Working with more than 200 participating commercial lending partners across the state, Florida First Capital provides up to 90% financing at below-market, fixed interest rates (no ARMS) and amortization terms up to 25 years (no balloons) for the purchase of major fixed assets, such as owner-occupied commercial real estate, energy efficient “green” initiatives and heavy duty machinery and equipment, as well as the refinance of commercial mortgage and other business debt with or without a cash-out option.

Typically, a commercial lending partner provides financing for 50% of the 504 loan and takes a first lien position; Florida First Capital/SBA provides 40% of the project financing and takes a second lien position; and the borrower provides a down payment of just 10% in most cases.

504 loans provide up to $5 million of aggregate SBA eligibility on standard 504 projects; up to $5.5 million per 504 energy efficient green project not exceed $16.5 million in the aggregate; and up to $5.5 million per eligible small manufacturing project with no limit on total SBA dollars available.  These are SBA 2nd mortgage loan portions only; there is no limit on overall project dollar size.

For more information about SBA 504 loans in Alabama, Florida or South Georgia, contact a Florida First Capital Loan Officer or email us at  Phone: 850.681.3601 or toll-free at 800.504.LOAN.