October 2018
Commercial Lending
SBA Small Business Lending Momentum Continues in FY18

The Small Business Administration (SBA) recently announced FY18 lending numbers showing that it guaranteed over $30 billion to small businesses that otherwise would not have had access to capital. Read More

Interest-Free Emergency Bridge Loan Program Expanded to Include Small Businesses Damaged by Hurricane Michael

The Florida Small Business Emergency Bridge Loan Program has been expanded to include Hurricane Michael in addition to programs currently running for Red Tide and the Lake Okeechobee Algal Bloom.  Additionally, new changes to the program now allow more small businesses impacted by Hurricane Michael to qualify. Read More

SBA 504 Loan Interest Rate Report: October 2018

The bonds that funded October’s 20- and 25-year Small Business Administration (SBA) 504 loans increased over last month, but the resulting effective interest rate (the all-in cost to a borrower) declined thanks to reduced loan servicing fees for FY 19 that went into effect Oct.1. Read More

Treasure Coast SBA Lenders: Reminder to Register for the FLAGGL/SBDC Small Business Lenders Forum

The Florida Association of Government Guaranteed Lenders (FLAGGL) in partnership with the Florida SBDC at Indian River State College (IRSC) is hosting a Small Business Lenders Forum for Small Business Administration (SBA) lenders in the Treasure Coast area. Read More

Ask The Experts
SBA 504 Q&A: Appraisal Required at Time of Application

Q: Are there any circumstances that require an appraisal to be submitted with an application for a Small Business Administration (SBA) 504 loan? Read More

Borrower Profile
SBA 504 Loan Helps Revitalize Snack Manufacturing in North Central Florida

A new company, Mestizo Foods, which makes private label snack foods and whose savvy principals include the founding president of a big-league sports franchise, has the former Golden Flake snack foods factory in Ocala operating again. Read More