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SBA ARC Loans in Northeast Florida

Rachel Witkowski writes in the Jacksonville Business Journal this week that not all banks are jumping on the ARC loan bandwagon. We are seeing a lot of activity and have been providing technical asssistance to applicants daily. Check the UNF Small Business Blog often for program updates. Most bankers have either turned down or tiptoed […]

SBA 504 Loan Now Allows Refinancing

Raymund Flandez of the Wall Street Journal continues to keep us informed on program changes in SBA financing. The SBA 504 program has recently been changed to allow for refinancing. SBA 504 is a popular fixed asset financing program that is guaranteed and requires a smaller cash injecture from the borrower than normal. Contact the […]

SBA Small Business Loans :ARC Loan Update

The SBA’s ARC Loan program started June 15th. As of today it is known that Wachovia Bank, Regions Bank, and BB&T are participating. It is thought that Suntrust and Banco Popular may also be a participating bank but this is not confirmed. Contact the bank directly to get a loan application. Contact your own bank […]

Small Business Lending Improving

Florida First Capital Finance Corporation (FFCFC) posted this release today as sent by the SBA. The winds of capital access are blowing better. Small Business Lending Beginning to See Upswing It’s finally happening. Efforts to get money to capital-strapped small businesses are beginning to work as banks have returned to making loans backed by the […]

Atlanta Business Chronicle: SBA misses deadlines on

We are hoping that there is relief in sight so that our clients at the UNF SBDC  have better access to loans. The U.S. Small Business Administration is the smallest Federal agency in our government and this may well be a part of the problem. Another issue may be that the SBA’s team surrounding Administrator […]

Banks Not Playing Ball with SBA

Sara K. Clarke, Sentinel Staff Writer tells us about a fourm between small busineses, SBA loan counselors and banks held Wednesday in Orlando. The lending situation is no better here in Northeast Florida. SBA help not getting through to businesses The parts of the federal government’s stimulus program aimed at small-business owners aren’t working as they […]

Stimulus Rumor: Grants for Small Businesses

At the Small Business Development Center, we have been getting a lot of inquiries about free money for people who want to start a business or are in small business debt. Take our word for it, there are no small business grants (and there never have been). There is a pervasive rumor being spread nation-wide […]

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