January 2020
Commercial Lending
3 Months In and We’re Still Going Strong!

According to the Small Business Administration (SBA), as of Dec. 31, 2019, Florida First Capital continued its lead in SBA 504 loan production not only in Florida, but is also currently ranked the #1 SBA 504 lender nationally among all active Certified Development Companies for the first 3 months of FY 2020. Read More

New Year, New Commitments

With a New Year and decade underway, 2020 is a great opportunity for commercial lenders to partner with Florida First Capital to offer the Small Business Administration (SBA) 504 Loan Program to growing and expanding small businesses for the purchase of fixed asset purchases like owner-occupied commercial real estate and/or heavy duty machinery and equipment. Read More

January 2020 SBA 504 Loan Interest Rate Report

The January effective interest rates for Small Business Administration (SBA) 504 loans fixed slightly higher than last month, but still remain under 4% for an 8th consecutive month and well below the Prime Rate. Read More

Ask The Experts
SBA 504 Q&A: Construction Loans

Q: Does the Small Business Administration (SBA) have any specific requirements if, as a small business owner, I opt to purchase land and construct a building instead of buying an existing building?  Additionally, if I am a licensed contractor, can I do the construction (or major renovation) myself? Read More

Borrower Profile
Big Things in Store for Cocoa Saver Storage Thanks to the SBA 504 Loan Program

We all have stuff, some more than others, and we need a secure place to keep it.  Believe it or not, the concept of self-storage dates all the way back to 4,000 B.C. in Xi’an, China when an innovative fella crafted large clay pots to hold his valuables and kept them in underground pits. He paid guards in food and water to watch over the sites and before long, other people were using his service to keep their own treasures safe.  The self-storage industry was born. Read More