Overview
Employees
20-49 Employees
Revenue
$5 to $10 million (USD) per year
Headquarters
Tallahassee, FL
Florida First Capital is a nonprofit Certified Development Company that lends to small businesses in Alabama, Florida and Georgia under the SBA 504 Loan Program for the purchase of major fixed assets, such as commercial real estate and long-life machinery and equipment. 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. Commercial real estate loans and machinery and equipment loans for Florida small business -- available through the SBA CDC 504 Loan Program and Florida First Capital Financing
