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We Are Florida's #1 SBA 504 Lender … But There's More to the Story

Jul 2014

Florida First Capital is the top Certified Development Company (CDC) in Florida for producing more Small Business Administration (SBA) 504 loan authorizations and total project financing for nine months ending June 30, 2014, than the other four competing CDCs combined, according to SBA data.

While we are proud of this achievement, we do not believe that loan authorizations (commitment letters) are the metric by which a CDC's performance should be measured. At Florida First Capital, we measure performance by actual loan dollars on the street through the prompt delivery of closed and funded loans, not just promises of loan funds.

For more than 30 years, Florida First Capital has worked hard to provide the state's small business owners and entrepreneurs with the finest fixed asset financing available at the best terms and lowest costs possible. Providing real dollars to support Florida's growing and expanding small businesses that are creating jobs and strengthening the economy is our bottom line.

We are driven by providing excellent customer service and have assembled one of the best and most experienced small business lending teams of professional loan officers and underwriting, closing and servicing professionals the CDC 504 industry has to offer. We also offer a level of convenience unequaled by our competitors with full service offices located statewide from Pensacola to Miami.

No other CDC in Florida is as committed to the success of its customers and lending partners than Florida First Capital. And no other CDC strives to make the entire loan process as helpful, easy and quick as us. In fact, we are among the fastest approval times from the SBA for 504 loan packages amid the nation's top 10 authorizing CDCs.

And as part of our commitment to go above and beyond, our 504 small business clients and lending partners have exclusive access to a specialized network of Florida based local closing attorneys, which saves time and money with simultaneous closings for turnkey projects. No other Florida CDC offers this level of service and convenience.

We not only support Florida's small business community through the SBA 504 loan program, we also support it in times of crisis as the state appointed administrator of the State of Florida Small Business Emergency Bridge Loan Program.

The Emergency Bridge Loan Program provides a source of expedient cash flow to small businesses impacted by major catastrophes, such as tropical storms, hurricanes, floods, winter storms and tornadoes. The short-term emergency loans are intended to “bridge the gap" between the time a major catastrophe hits and when a business has secured other recovery resources, such as sufficient profits from a revived business, receipt of payments on insurance claims or long-term disaster loans.

Historically, Florida First Capital has served as the state appointed administer of the Florida Small Business Emergency Bridge Loan Program over the last 22 years. Since its inception following Hurricane Andrew in 1992, the program has been activated 14 additional times and has helped more than 2,670 small businesses statewide receive more than $63 million in assistance.

At Florida First Capital, prompt and efficient loan delivery and excellent customer service are our hallmarks. We work hard to earn our clients' and lending partners' business and sincerely appreciate the opportunity to work with and support Florida's small businesses in economic development and job creation.

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.