May 2019
Commercial Lending
SBA Recognizes Florida First Capital as the State’s Top Loan Producer

The Small Business Administration (SBA) has acknowledged Florida First Capital as the top SBA 504 lender in both the North and South Florida Districts for FY 2018.  The company was presented 3 of the 4 possible performance awards during the SBA’s recent 27th Annual Small Business Week Celebrations. Read More

Interest-Free Emergency Bridge Loans Available for Florida Farmers Impacted by Hurricane Michael

The Florida Catastrophic Emergency Bridge Loan Program has been activated by the Governor of Florida to assist agricultural producers of field crops that were devastated by Hurricane Michael.  The program, which is a subset of the Florida Small Business Emergency Bridge Loan Program, allows agricultural producers of field crops to secure short-term, interest-free funding for the upcoming grow cycle. Read More

SBA 504 Loan Interest Rate Report: May 2019

The bonds that funded May’s (Small Business Administration) SBA 504 loans continued on a downward trend, resulting in a full-term effective interest rate of 4.26% for standard 20-year loans to be fixed at its lowest point since October 2016.  That’s 123 basis points below the Bank Prime Rate. The last time the 504 effective rate was this far below Prime was in September 2007, well over a decade ago. Read More

NCUA/SBA Partnership Aims to Help Credit Unions Better Support Small Businesses

The National Credit Union Administration (NCUA) and the Small Business Administration (SBA) recently launched a 3-year collaborative effort to bring small businesses and credit unions together and expand awareness about SBA loan programs. Read More

Ask The Experts
SBA 504 Q&A: Changes in Ownership After Debenture Loan Funding

Q: Can a Small Business Administration (SBA) 504 borrower obtain approval for a change of ownership immediately after debenture loan funding? Read More

Borrower Profile
SBA 504 Loan Helps in Revitalization of Historic Florida Panhandle Inn

The Gibson Inn was built in 1907 at the peak of Apalachicola’s reign as the center for the lumber and shipping industry along Florida’s Forgotten Coast.  Minutes away from the sugar white sand beaches of St. George Island and Cape San Blas, this historic landmark will soon feature its largest expansion to date. Read More