SBA 504 Loan Interest Rates

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July 2024

25-Year Fixed Rate Standard:

25-Year Fixed Rate Refinance:

20-Year Fixed Rate Standard:

20-Year Fixed Rate Refinance:

10-Year Fixed Rate Standard:

10-Year Fixed Rate Refinance:

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.

Servicing the States of Alabama, Florida, and Georgia.

Once Upon a Time ...

Founded by the state of Florida in 1983 and licensed since 1984 by the Small Business Administration (SBA) as a Certified Development Company, First Capital Finance\Florida First Capital is chartered for the primary purpose of advancing the economic development and general welfare of the citizens of Florida, Georgia, and Alabama by promoting and assisting the growth and development of small business concerns within its area of operations.

In 1988, Florida First Capital contracted with the Florida Department of Commerce to provide SBA trained and qualified staff for the operation of its SBA 504 Loan Program. In 1996, upon the dissolution of the Department of Commerce, Florida First Capital contracted with the state’s Office of Tourism, Trade and Economic Development and with the Capital Development Board of Enterprise Florida to provide its staffing and management services.

In 1997, at the request of the Florida First Capital Board of Directors, the Florida Legislature approved a proposal for Florida First Capital to leave the state budget and become financially self-sufficient, providing for an initial state contribution of capital followed by a transition to self-sufficiency and an end to state financial support.

Since leaving the state budget, Florida First Capital, a nonprofit corporation, has achieved its goal of self-sufficiency, greatly increased loan volume each year, and been recognized by the SBA for its increased capability and lending activity and its lending assistance to minority, rural and women-owned small businesses.

In late 2016, Florida First Capital expanded its operations beyond the state of Florida to include a handful of eligible small businesses located in South Alabama and South Georgia.  In July of 2018, the SBA approved the company’s multi-state expansion request to offer the 504 Loan Program to all eligible small businesses throughout the state of Alabama.  In July of 2021, the SBA approved the company’s operation throughout the state of Georgia.  Florida First Capital is dba First Capital Finance in Alabama and Georgia.

Pro Bono Work

As a Certified Development Company, Florida First Capital Finance Corporation's main directive is economic development and job creation, which it works tirelessly to achieve primarily through the SBA 504 Loan Program.  But in a state like Florida that’s prone to hurricanes and other disasters, economic recovery and job loss prevention for small businesses impacted by a tragedy are critical to the survival of local communities and the state’s economy.

In 1992 following Hurricane Andrew, the state created the Florida Small Business Emergency Bridge Loan Program to help “bridge the financial gap” businesses face during the critical period between when a disaster hits and when an impacted business has secured long-term recovery resources.  Under the program, small business owners can apply for short-term, interest-free working capital loans up to $50,000 to help expedite the critical reestablishment of business before other aid and insurance claims are processed.

Since inception of the program, Florida First Capital has proudly served on a pro bono basis as the state appointed fiscal administrator of the program, providing loan closing and servicing functions free of charge.

“We know it’s imperative that disaster-impacted small businesses have quick access to working capital to restart their operations – without it, some may never open their doors again,” said Todd Kocourek, President & CEO of Florida First Capital Finance Corporation.  “We are proud to donate our services to administer the distribution of emergency bridge loans in Florida over these many years.”

In recognition of its efforts, Florida First Capital was honored in 2017 with a national award for its long standing work with the emergency bridge loan program.  The company was presented with a Diamond Award for Non-504 CDC Projects by the National Association of Development Companies (NADCO), the trade association of SBA Certified Development Companies.  The award is given to a Certified Development Company for the most impactful loan or project in a local community.

Florida First Capital was also named a Florida Resource Partner of the Year Award recipient in 2018 by the Florida SBDC Network for its work in economic recovery efforts for the state’s small businesses that sustained injury from Hurricane Irma.

Our Commitment

We have helped thousands of clients achieve their small business dreams through the SBA 504 Loan Program.  We are the experts to turn to for small business growth and expansion capital asset financing.

No other Certified Development Company is as committed to the success of its customers than us.  And no other Certified Development Company strives to make the entire loan process as helpful, quick and easy as us.  You can count on our staff to deliver the best and most complete service the industry has to offer.

Whether you are expanding, remodeling, converting, refinancing or just starting out, with Florida First Capital/First Capital Finance as your trusted SBA 504 lender, you’ll spend less time worrying about your loan and more time doing what you do best – running your small business, creating jobs and supporting the economy.