PageContent1We can provide simple, hassle free, Commercial Loans that are guaranteed by the US Government (U.S. Small Business Administration). FirstBank, in partnership with the U.S. Small Business Administration, performs the origination, processing and servicing of SBA Loans under the Preferred Lender Program (PLP). We are committed to serving small businesses by obtaining the financing you need to grow. We specialize on the basic and most popular SBA loan programs, which can be used for a variety of business purposes. With a SBA loan from FirstBank Florida you will have the money you need. The SBA–guaranteed loans we currently offer are: 7(a) LoansProvides financing for a variety of business functions. To qualify, your business must be for profit and meet SBA size standards, show good character, credit management and maturity is based on your ability to repay. Use of proceeds include: Expansion, renovation, new constructionPurchase land or building1Purchase equipment1 & fixturesLease-hold improvementsWorking capital1Refinance debts for compelling reasonInventoryStarting a businessAdvantages include: Maximum loan amount: Up to $5 million85% guaranty for loan up to $150,00075% guaranty for loan greater than $150,001Loan term financingImproved cash flowNo balloons SBA Express Designed to simplify, streamline and expedite the application process for loans up to $350,000. Use of proceeds include: Working capitalPurchase of inventory, machinery & equipmentFurniture & fixturesPurchase of fixed assetsWorking capitalFinancing of trading assets among other business–related purposesAdvantages include: Up to $350,000 with variable interest ratesRevolving option (up to 7 years) or as a term loanSBA provides up to 50% guaranteeShort–term and/or long–term financing availableLow documentation loansQuick approvals and closingsFast turnaroundEasy-to-use line of credit Export Express With South Florida as a hub of International trade, your business can expand with exporting. Export Express is the simplest export loan product offered by SBA. Finance any export development activity such as: Participation in foreign trade showsPurchase of real estate and equipmentExpand production facilitiesGeneral lines of credit for export purposesStandby letters of creditAdvantages include: Financing up to $500,000 with variable interest ratesRevolving option or as a term loanShort–term and/or long–term financing availableSBA provides up to 90%2 guaranteeIncreased access to capitalFast turnaroundUse your own forms and procedures 504 Loans The 504 Loan Program will help a small business purchase the assets needed to take it to the next level. It allows businesses to purchase owner-occupied commercial real estate and equipment while retaining working capital. Provides long–term financing of fixed assets such as: Commercial real estateEquipment with a useful life exceeding 10 yearsOther uses include construction and/or property improvementsAdvantages include: Up to $5 million loanLow down payments as low as 10% on multi–purpose propertiesFull amortization and no balloons (CDC portion)Low Fixed and variable rates availableQuick approvals and closings