Nationally Ranked #1 SBA 504 Lender – Florida First Capital – Helps Small Business Exporter Run Like a Well Oiled Machine
Florida First Capital Finance Corporation (FFC) is pleased to have finished FY 2020 as Florida’s #1 Small Business Administration (SBA) lender for the 5th year in a row and is the #1 SBA 504 lender in the nation. Todd Kocourek, FFC President and CEO, credits this success to incredible lending partners and customers like Green Star Biodiesel.
Located in Miami, Florida, Green Star Biodiesel was founded in 2012 by Larry Sharon and Eduard Rozenfeld. The company collects, free of charge, used cooking oil from food service establishments throughout Florida. The oil is recycled, cleaned and sold to be converted into renewable fuel or for use in chicken feed. Currently, 80% of the product is exported to Europe.
Tremendous growth in business fueled the need for Green Star to expand to a 16,560 square foot facility. Having previously worked with Florida First Capital on an SBA 504 loan, the company had first-hand knowledge of the benefits of 504 funding with 90% financing and long-term low fixed interest rates.
“Customers often believe the SBA 504 Loan Program is a one-and-done financing option,” said Alejandro Buitrago, FFC Vice-President and BDO for the Miami-Dade area.
“Multiple projects are eligible as long as the aggregate SBA loan amount doesn’t exceed $5 million on standard projects and $16.5 million on green projects. Even better, there’s no aggregate limit on SBA dollars for manufacturing projects,” explained Buitrago.
For more information about SBA 504 loans in Florida, Alabama or South Georgia, call 800.504.LOAN or visit ffcfc.com.