{meta_title}

Thanks a Million for Another Great Year of Lending Success

Dec 2021

As 2021 comes to a close, we'd like to thank our small business borrowers and commercial lending partners who helped us make an immense impact in small business lending again in 2021 and for your continued support in 2022 and beyond – we could not have done this without each and every one of you!

423 Small Business Administration (SBA) 504 loan authorizations (30% increase), resulting in $375,344,000 of approved 504 dollars and $844,524,000 in total project financing (14% increase) – a new company best over last year’s record breaking production performance. 2,677 estimated jobs were created/retained.

Florida First Capital finished #2 for loan approvals and #4 for approved SBA 504 dollars nationally. #1 in approved 504 dollars and #2 in loan authorizations in the SBA’s Region IV area of operation. #1 in both loan authorizations and approved SBA 504 dollars in the state of Florida.

For almost 4 decades, Florida First Capital has fulfilled its primary mission of economic development and job creation by assisting thousands of small businesses to grow and expand by providing affordable commercial financing through the SBA 504 Loan Program.

The SBA 504 Loan Program provides up to 90% financing at below-market, fixed interest rates and long amortization terms up to 25 years for the purchase of major fixed assets, such as owner-occupied commercial real estate, renovations, new construction, energy efficient “green” initiatives and/or fixed heavy duty machinery and equipment, as well as the refinance of commercial mortgage and other business debt with or without a cash-out option.

504 loans are paired with private-sector commercial loans and 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 Georgia, contact a Florida First Capital Loan Officer or email us at info@ffcfc.com. Phone: 850.681.3601 or toll-free at 888.320.5504.