December 2017
Commercial Lending
Florida First Capital Repeats as Overall Top Lender in Statewide SBA Loan Production

Florida First Capital, an SBA Certified Development Company founded by the state of Florida in 1983, has achieved the top lender position for SBA loan production for FY 2017 among all SBA lenders in Florida for a second year in a row. Read More

Attention SBA 504 Lenders: New Franchise Rules Take Effect Jan. 1

Standard Operating Procedure (SOP) 50 10 5(J) for Small Business Administration (SBA) lender and Certified Development Company (CDC) loan programs, including the 504 program, takes effect on Jan. 1, 2018.  Among the biggest changes is the review process for eligible franchises. Read More

FLAGGL Announces New Officers and Board Members for FY 2018

Deborah Petrell, SVP & Sales and Marketing Manager of Florida First Capital, has been elected President and Chairperson of the Board of Directors of the Florida Association of Government Guaranteed Lenders (FLAGGL) for the 2018 fiscal year. Read More

SBA 504 Loan Interest Rate Report: December 2017

The bonds that funded December’s 20-year Small Business Administration (SBA) 504 loans priced at 1 basis point lower than last month, which was the third lowest of the year, keeping the resulting effective interest rate (the all-in cost to a borrower) firmly under 5%.  That, however, could change with the Fed’s recent interest rate hike. Read More

Ask The Experts
SBA 504 Q&A: Special and Limited Purpose Properties under New SOP 50 10 5(J)

Q: Will the new SOP 50 10 5(J) effective Jan. 1, 2018, make any changes to how the Small Business Administration (SBA) treats limited or special purpose properties? Read More