April 2018
Commercial Lending
SBA Mid-Year Performance Report: Florida First Capital Maintains Lead in Statewide Loan Production

Halfway through the Small Business Administration’s (SBA) 2018 fiscal year, Florida First Capital continued its lead in SBA 504 loan production approved dollar totals in Florida.  The company earned Florida’s top lender spot among all SBA lenders statewide (504 and 7(a) programs) for FY 2016 and 2017.  Read More

SBA Revises Credit Elsewhere Test

The Small Business Administration’s (SBA) SOP 50 10 5(J) became effective on Jan. 1, 2018.  Based on feedback received from Certified Development Companies (CDCs) and lending partners since the SOP was issued, the SBA has now favorably revised its guidance on the credit elsewhere test for 504 loan borrowers. Read More

SBA 504 Loan 25-Year Debenture Update; Program Reaches Funding Milestone

The Small Business Administration (SBA) has issued additional guidance on its newly approved 25-year term for 504 loans.  The program also recently reached a milestone in direct funding. Read More

SBA 504 Loan Interest Rate Report: April 2018

It was a good, long run, but the effective interest rate (the all-in cost to a borrower) for 20-year Small Business Administration (SBA) 504 loans has moved into the 5% range.  Still though a great fixed interest rate for small business borrowers. Read More

Ask The Experts
SBA 504 Q&A: Parking Garages and Vacant Land

Q: Will the Small Business Administration (SBA) consider financing parking garages under the 504 Loan Program? Read More

Borrower Profile
SBA 504 Loan Helps Spice Up Life for One of Orlando’s Oldest Dwellings

The Dr. Phillips House at the Courtyard at Lake Lucerne is a 10,000 square-foot mansion built in 1893 and listed as a National Historical Landmark.  The house was built for Dr. Phillip Phillips, who was a major pioneer in the Central Florida citrus industry, and has hosted decades of monumental events. Read More