February 2018
Commercial Lending
White House Releases Proposed FY 2019 Budget for SBA 504, 7(a) Loan Programs

Under the White House’s recently released FY 2019 proposed budget, the Small Business Administration (SBA) 504 Loan Program is authorized at $8.5 billion for FY 2019.  Again, the 504 Loan Program is self-funding and does not require subsidy. Read More

Attention South Florida Lenders: Register Now for the FLAGGL Small Business Lenders Forum

The Florida Association of Government Guaranteed Lenders (FLAGGL) in partnership with Florida SBDC at FIU and the Pino Global Entrepreneurship Center is hosting a Small Business Lenders Forum from 11:30 a.m. to 2:30 p.m. on Wednesday, April 11, 2018, at the FIU College of Business Complex in Miami.  Lunch will be provided.  This will be an excellent networking opportunity as well. Read More

SBA 504 Loan Interest Rate Report: February 2018

The bonds that funded February’s 20-year Small Business Administration (SBA) 504 loans saw a 30 basis point upsurge over last month and also priced at the highest rate for the program in four years.  However, despite the increase the resulting effective interest rate (the all-in cost to a borrower) still remains slightly under 5%. Read More

Ask The Experts
SBA 504 Q&A: 95% Collateral Requirement under New SOP 50 10 5(J)

Q: Upon receipt of an appraisal for a Small Business Administration (SBA) 504 loan that does not meet the requirements within the authorization, how can the Certified Development Company (CDC) overcome the collateral shortfall? Read More

Borrower Profile
SBA 504 Debt Refinance Loan Helps Boat Manufacturer Remain a Contender

Contender Fishing Boats have been fished in South Florida for over 30 years.  With thousands of boats floating along coasts around the country, the product is the best testament of the dedication to their unwavering “Performance through Innovation” motto.  As company owner Joe Neber likes to say, “Despite your fishing level, you’re starting with the unfair advantage of a Contender Fishing Boat.” Read More