July 2020
Commercial Lending
We’re Getting SBA 504 Deals Done, and at a Record Pace!

According to the Small Business Administration (SBA), as of June 30, 2020, Florida First Capital remained the #1 ranked SBA 504 lender in the nation among all active Certified Development Companies for 9 months in a row, and we’re not slowing down! Read More

SBA Issues Temporary Guidance on Eligibility for 504 Debt Refinancing for Applicants Granted COVID-19 Loan Deferments

The Small Business Administration (SBA) is aware that borrowers may have loans that have been granted deferments in the past few months as a direct result of the COVID- 19 emergency, and that some of these borrowers are interested in refinancing their debt under the SBA’s 504 Debt Refinancing Program, especially now with 504 rates currently under 2.5%. Read More

SBA 504 Interest Rates Continue to Amaze and Benefit Growing and Expanding Small Businesses

Interest rates for Small Business Administration (SBA) 504 loans have been under 4% for the last 14 months and under 3% for the last 4 out of 5 months.  The rates have also decreased for 3 consecutive months and now sit under 2.5%.  These are fixed rates – no ARMs ever. Read More

Ask The Experts
SBA 504 Q&A: Financing Franchises

Q: What does the Small Business Administration (SBA) need in relation to financing a franchise with a 504 loan? Read More

Borrower Profile
Classic Pizza Crusts Continues Making Dough with an SBA 504 Loan

To be one of the world’s favorite foods, pizza had humble beginnings. As early as 600 BC, Persian soldiers are reported to have baked flatbreads with cheese and dates on top of their battle shields; however, it was 16th century Naples, Italy that would finally dub the culinary creation “pizza” and introduce the traditional combination of crust, sauce and cheese. On any given day in the U.S., it is estimated that 13% of the population enjoys a slice of pizza. Read More