September 2020
Commercial Lending
Florida Small Business Emergency Bridge Loan Activated For Hurricane Sally

The Florida Small Business Emergency Bridge Loan Program has been activated to provide cash flow to small businesses damaged by Hurricane Sally.  The program provides short-term, zero-interest loans to small businesses that experienced physical damage or economic injury during the storm. Read More

SBA Releases New SOP Guidance for the 504 Loan Program

The Small Business Administration (SBA) has issued Standard Operating Procedure (SOP) 50 10 6 for lender and certified development company (CDC) loan programs, including the 504 program.  The new SOP becomes effective Oct. 1, 2020. Read More

SBA 504 Loan Fees Set to Rise for FY 2021

Each year, the Small Business Administration (SBA) reviews certain fees payable to the agency by 504 borrowers to determine if any of those fees need to be adjusted to cover the estimated subsidy costs of the 504 loan program. Read More

SBA 504 Interest Rates Increase But Still Remain Hot!

Even with a slight increase over last month, Small Business Administration (SBA) 504 Loan Program fixed interest rates still remain under 2.5%  August to September marks only the 2nd time this year that 504 rates have gone up from the month prior, with current rates being among the 2nd lowest of all time. Read More

Introducing the Loan Participation Program for the Rebuild Florida Business Loan Fund

Commercial lenders: help meet your lending institutions’ strategic portfolio objectives and increase your competitive advantage by working with the Rebuild Florida Business Loan Fund available through the Florida Department of Economic Opportunity (DEO). Read More

Ask The Experts
SBA 504 Q&A: Refinancing Loans Previously on Deferment

Q: Can a borrower that has an existing loan that was previously on deferment be eligible to refinance their debt under the Small Business Administration (SBA) 504 Loan Program? Read More

Borrower Profile
In the Wake of Hurricane Sally, 4 Small Businesses Survive and Thrive for Their Community

Each year, from June 1 through Nov. 30, residents and business owners along coastal and near-coastal regions of the Atlantic and Gulf of Mexico warily eye the deep blue and emerald green waters – hoping for the best and preparing for the worst. Read More