SBA 504 Loan Interest Rates
Official monthly SBA 504 effective interest rate tables can be found at Eagle Compliance LLC. 25- and 20-year term loans fund every month; 10-year term loans fund every other month. Effective interest rates are inclusive of servicing fees, which are subject to credit risk of the applicant.
The Florida Small Business Development Center Network (FSBDCN) is pleased to announce that Michael W. Myhre has been selected as the new State Director. In this role, Myhre will lead the statewide network of more than 40 offices and close to 250 employees, providing strategic vision and oversight in the continued success of Florida's largest provider of assistance for small and medium-sized businesses.
Myhre holds more than 20 years of economic and business development experience, dedicating his career to ensuring success for entrepreneurs and small business owners. He joined the Florida SBDC Network in January 2011 as Deputy State Director and has served as Interim State Director since March 2013. In this role, Myhre was responsible for day-to-day operations, including the management, operation, and continuous improvement of the organization.
Prior to his tenure with the FSBDCN, Myhre held the position of State Director for the Office of Entrepreneurship and Small Business Development for the State of Minnesota. In this position, Myhre provided oversight of the state's leading office of entrepreneurial and small business policy development and support services, including direction of the Minnesota SBDC Network.
"The Florida SBDC Network has emerged as the most significant statewide economic development initiative to foster the success of Florida's small, medium, emerging and growth businesses," said Myhre. "We have experienced remarkable achievements since our establishment, and I look forward to continue its rich tradition as a progressive organization focused on the enrichment of Florida."
Myhre has served on various boards including America's SBDC Network as a member of the Board of Directors, Accreditation Committee, Leadership and Professional Development Committee, Legislative Committee, and Economic Development MIS Committee. He is a graduate of the University of Minnesota Carlson School of Business, and married to his wife, Catherine, and father of three: Chelsea (21), Emme (20) and Dakota (17).
Florida First Capital wishes to congratulate Mr. Myhre on his appointment and looks forward to continuing its long standing and excellent working relationship with the Florida SBDC Network.
About the FSBDC Network
For over 35 years, the Florida SBDC Network has nourished a statewide partnership between higher education and economic development organizations, dedicated to providing emerging and established business owners with management and technical assistance, enabling overall growth and increased profitability for the businesses and economic prosperity for the state.
A statewide service network of 40 centers with 60 outreach locations, the Florida SBDC Network is funded in part by the U.S. Small Business Administration, Defense Logistics Agency, state of Florida, and other private and public partners, with the University of West Florida serving as the Network's designated lead host institution. The Florida SBDC Network is state designated as Florida's principal provider of business assistance and is nationally accredited by the Association of SBDCs.
To learn more about the Florida SBDC Network or to find a FSBDC near you, visit www.FloridaSBDC.org.
Source: Florida Small Business Development Center Network
