First Capital Finance/Florida First Capital

BankingFlorida, United States51-200 Employees

First Capital Finance/Florida First Capital is a nonprofit Certified Development Company promoting economic development and job creation. Under the SBA 504 Loan Program, FCF/FFC works with private-sector lenders to provide eligible small business owners in Alabama, Florida, and Georgia with below-market, fixed interest rate long-term financing to buy or build commercial property, purchase fixed heavy machinery and equipment, and refinance commercial debt. FCF/FFC also lends under the Rebuild Florida Business Loan Fund, Florida Recycling Loan Program and other small business assistance programs.

The SBA 504 Loan Program provides up to 90% financing at below-market, fixed interest rates and long amortization terms up to 25 years for the purchase of major fixed assets, such as owner-occupied commercial real estate, energy efficient “green” initiatives and/or heavy duty machinery and equipment.

504 loans are paired with private-sector commercial loans and provide up to $5 million of aggregate SBA eligibility on standard 504 projects; up to $5.5 million per 504 energy efficient green project not exceed $16.5 million in the aggregate; and up to $5.5 million per eligible small manufacturing project with no limit on total SBA dollars available.  These are SBA 2nd mortgage loan portions only; there is no limit on overall project dollar size.

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