February 2019
Commercial Lending
Alabama SBA Lenders, Meet First Capital Finance: Your Newest and Best Partner for 504 Loans

Florida First Capital is pleased to announce that the company will conduct its new statewide 504 lending operations in Alabama as First Capital Finance.  Due to its strong brand recognition in Florida, the company will remain Florida First Capital in the Sunshine State and operate as First Capital Finance outside of Florida. Read More

SBA Announces SOP Revisions Impacting 504 Lending

The Small Business Administration (SBA) has announced the issuance of Standard Operating Procedure (SOP) 50 10 5(K) for lender and certified development company (CDC) loan programs, including the 504 program.  The new SOP becomes effective April 1, 2019. Read More

Appraisal Threshold Increased for SBA 504 Loan Program

The appraisal threshold for Small Business Administration (SBA) 504 loans secured by commercial real estate has been increased to match the federal regulator appraisal threshold amount for commercial real estate transactions (recently changed to $500,000). Read More

SBA 504 Interest Rates Continue Dramatic Fall

The bonds that funded February’s Small Business Administration (SBA) 504 loans continued to drop, resulting in this month’s full-term effective interest rates to fall dramatically below the Prime Rate.  And the outlook for continued low rates for 504 small business borrowers is encouraging, according to the loan program’s fiscal and selling agent. Read More

Ask The Experts
SBA 504 Q&A: Divesting in EPC but Remaining in OC

Q: In a Small Business Administration (SBA) 504 loan project where there are different owners for the Eligible Passive Concern (EPC) and the Operating Company (OC), can one of the owners in the EPC sell their ownership share of the real estate to the other owner(s) in the EPC while retaining ownership in the OC? Read More

Borrower Profile
SBA 504 Loan Helps College Hunks Haul Junk Nationwide

It all began with a dream and a great name.  A dream between two college buddies to create a small business that was unique and catchy, but also lasting and meaningful. Read More