Lenders › Florida First Capital Finance Corporation, Inc.
504 CDCTallahassee, Floridacertified development company3rd of 182 by approvals
Florida First Capital Finance Corporation, Inc.
SBA 504 loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Florida First Capital Finance Corporation, Inc. (Tallahassee, Florida) is a certified development company (CDC) that makes SBA 504 loans, 3rd of 182 by approvals in FY2021 to FY2025: 1,769 loans worth $1.90bn.
In FY2025, the latest complete fiscal year, it had 349 approvals totalling $427M, about level with FY2024 (327). FY2026 to 30 Jun 2026 adds 190 more.
The median approval was $684K, against $657K for the 504 program as a whole; 3.7% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 11 states and territories and 120 counties, led by Florida (92.8%), Alabama (3.9%) and Georgia (2.8%). The largest industry group was health care and social assistance at 16.6% of approvals, and 9.0% of approvals were to franchise businesses.
Of 2,210 disbursed loans approved in FY2010 to FY2021, SBA records 24 as charged off (1.1%), 1,032 as paid in full and 1,154 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 190 | $265M | $953K | $1.4M | 2,350 |
| FY2025 | 349 | $427M | $806K | $1.2M | 4,719 |
| FY2024 | 327 | $387M | $780K | $1.2M | 4,451 |
| FY2023 | 283 | $339M | $805K | $1.2M | 3,479 |
| FY2022 | 387 | $373M | $635K | $963K | 3,443 |
| FY2021 | 423 | $375M | $555K | $887K | 4,741 |
| FY2020 | 362 | $344M | $603K | $949K | 3,630 |
| FY2019 | 275 | $246M | $538K | $895K | 2,748 |
| FY2018 | 214 | $202M | $615K | $946K | 2,490 |
| FY2017 | 231 | $196M | $512K | $848K | 2,193 |
| FY2016 | 219 | $156M | $480K | $712K | 1,676 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 1,301 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Florida | 504 program |
|---|---|---|---|
| Approvals in these years | 2,932 | 6,694 | 85,591 |
| Cancelled or never disbursed | 722 | 1,515 | 12,514 |
| Disbursed loans | 2,210 | 5,179 | 73,077 |
| Paid in full | 1,032 | 2,697 | 35,491 |
| Charged off | 24 | 53 | 905 |
| Still outstanding (status exempt from disclosure) | 1,154 | 2,429 | 36,681 |
| Charged off, share of disbursed loans | 1.1% | 1.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.6% | 0.6% | 0.9% |
| Dollars charged off | $9.4M | $20.4M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 327 | 49 | 0 | 0.0% | 0.1% |
| FY2020 | 289 | 64 | 0 | 0.0% | 0.1% |
| FY2019 | 214 | 68 | 0 | 0.0% | 0.3% |
| FY2018 | 169 | 77 | 2 | 1.2% | 0.4% |
| FY2017 | 187 | 86 | 0 | 0.0% | 0.8% |
| FY2016 | 159 | 71 | 6 | 3.8% | 1.0% |
| FY2015 | 137 | 83 | 1 | 0.7% | 1.2% |
| FY2014 | 127 | 86 | 2 | 1.6% | 1.3% |
| FY2013 | 149 | 111 | 1 | 0.7% | 1.4% |
| FY2012 | 172 | 121 | 5 | 2.9% | 2.0% |
| FY2011 | 153 | 120 | 4 | 2.6% | 2.1% |
| FY2010 | 127 | 96 | 3 | 2.4% | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $684K | $657K |
| Average approval | $1.1M | $1.0M |
| Approvals of $150,000 or less | 3.7% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 16.1% | 14.4% |
| Approvals to franchise businesses | 9.0% | 9.0% |
| Jobs supported per approval, as reported | 11.8 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 1.1% | 1.2% |
States served
| # | State of the business (11 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 1,641 | $1.75bn | 92.8% | |
| 2 | Alabama | 69 | $66.2M | 3.9% | |
| 3 | Georgia | 49 | $72.3M | 2.8% | |
| 4 | Tennessee | 2 | — | 0.1% | |
| 5 | North Carolina | 2 | — | 0.1% | |
| 6 | California | 1 | — | 0.1% | |
| 7 | New Jersey | 1 | — | 0.1% | |
| 8 | West Virginia | 1 | — | 0.1% | |
| 9 | South Carolina | 1 | — | 0.1% | |
| 10 | Virginia | 1 | — | 0.1% | |
| 11 | Washington | 1 | — | 0.1% |
In Florida the lender accounts for 45.6% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (120 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Miami-Dade County, FL | 265 | $334M | 15.0% | |
| 2 | Broward County, FL | 146 | $193M | 8.3% | |
| 3 | Duval County, FL | 135 | $115M | 7.6% | |
| 4 | Orange County, FL | 98 | $103M | 5.5% | |
| 5 | Hillsborough County, FL | 92 | $97.3M | 5.2% | |
| 6 | St. Johns County, FL | 74 | $61.0M | 4.2% | |
| 7 | Palm Beach County, FL | 73 | $95.3M | 4.1% | |
| 8 | Lee County, FL | 59 | $67.8M | 3.3% | |
| 9 | Leon County, FL | 54 | $34.2M | 3.1% | |
| 10 | Brevard County, FL | 47 | $52.2M | 2.7% | |
| 11 | Volusia County, FL | 46 | $55.6M | 2.6% | |
| 12 | Sarasota County, FL | 46 | $51.4M | 2.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 293 | 16.6% | |
| 2 | Accommodation and Food Services | 238 | 13.5% | |
| 3 | Other Services (except Public Administration) | 196 | 11.1% | |
| 4 | Retail Trade | 194 | 11.0% | |
| 5 | Manufacturing | 164 | 9.3% | |
| 6 | Construction | 160 | 9.0% | |
| 7 | Professional, Scientific, and Technical Services | 134 | 7.6% | |
| 8 | Wholesale Trade | 107 | 6.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 141 | 8.0% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 110 | 6.2% | |
| 3 | Child Day Care ServicesNAICS 6244 | 71 | 4.0% | |
| 4 | Traveler AccommodationNAICS 7211 | 70 | 4.0% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 68 | 3.8% | |
| 6 | Offices of PhysiciansNAICS 6211 | 62 | 3.5% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 61 | 3.4% | |
| 8 | Legal ServicesNAICS 5411 | 48 | 2.7% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 40 | 2.3% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 34 | 1.9% |
Approval sizes
- $50,000 or less0.1%1
- $50,001 to $150,0003.6%64
- $150,001 to $350,00020.3%359
- $350,001 to $1 million39.7%703
- $1 million to $2 million21.4%379
- Over $2 million14.9%263
Loan terms
- Over 5 to 10 years1.5%27
- Over 10 to 20 years6.6%117
- Over 20 years91.9%1,625
Age of the businesses
- Existing, more than 2 years old80.7%1,428
- New business, 2 years or less2.3%40
- Startup, loan funds will open the business13.8%245
- Change of ownership3.2%56
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 1,406 | 79.5% | |
| 2 | ALP Express | 240 | 13.6% | |
| 3 | 504 Refinancing Program | 109 | 6.2% | |
| 4 | 504 Basic | 9 | 0.5% | |
| 5 | ALP Express Debt Refi | 5 | 0.3% |
Franchise share
160 of 1,769 approvals in FY2021–FY2025 (9.0%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Culver's ButterBurgers & Frozen Custard | 13 | 0.7% | |
| 2 | Quality Inn | 8 | 0.5% | |
| 3 | Kid City USA | 5 | 0.3% | |
| 4 | Fairfield by Marriott | 4 | 0.2% | |
| 5 | Kiddie Academy | 4 | 0.2% | |
| 6 | La Quinta by Wyndham | 3 | 0.2% | |
| 7 | Tru by Hilton | 3 | 0.2% | |
| 8 | Primrose Schools | 3 | 0.2% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | Regions Bank | 107 | 6.0% | |
| 2 | SouthState Bank, National Association | 70 | 4.0% | |
| 3 | JPMorgan Chase Bank, National Association | 58 | 3.3% | |
| 4 | Barwick Banking Company | 56 | 3.2% | |
| 5 | ServisFirst Bank | 52 | 2.9% | |
| 6 | Seacoast National Bank | 48 | 2.7% | |
| 7 | Valley National Bank | 44 | 2.5% | |
| 8 | United Community Bank | 38 | 2.1% | |
| 9 | Ameris Bank | 36 | 2.0% | |
| 10 | Bank of America, National Association | 36 | 2.0% |
Questions and answers
How many SBA loans does Florida First Capital Finance Corporation, Inc. make?
SBA approved 349 504 loans through Florida First Capital Finance Corporation, Inc. in FY2025, worth $427M, and 1,769 over FY2021 to FY2025. That ranks 3rd of 182 active CDCs by number of approvals.
How large are Florida First Capital Finance Corporation, Inc.'s typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $684K and the average $1.1M. The program-wide median was $657K.
What is Florida First Capital Finance Corporation, Inc.'s charge-off rate?
Of 2,210 disbursed loans approved in FY2010 to FY2021, SBA records 24 as charged off (1.1%), 1,032 as paid in full and 1,154 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Florida First Capital Finance Corporation, Inc. lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (141); automotive repair and maintenance (110); child day care services (71); traveler accommodation (70).
Where does Florida First Capital Finance Corporation, Inc. make SBA loans?
In 11 states and territories. Florida 1,641, Alabama 69, Georgia 49, Tennessee 2, North Carolina 2. In Florida it accounts for 45.6% of all 504 approvals.
Is Florida First Capital Finance Corporation, Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 959, against 1,172 in the three before: falling (-18%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error