Ep. 238 | Small Business Financing: Unlocking Growth with Florida First Capital | FLAGGL Small Business Lender Conference 2023 Series

In this special episode of Small Biz Florida, we're coming to you live from the Florida Association of Government Guaranteed Lenders conference. Our focus is clear: assisting small business owners and operators in accessing the capital they need to start, grow, and expand their businesses. To guide us through this financial landscape, we have a distinguished guest, Mr. William A. Wilson, CCIM, CFP(R), Vice President & Business Development Officer for Southwestern Florida Markets at Florida First Capital.

William brings a wealth of experience to the conversation, with almost three decades in the banking industry. He shares his journey, from being a branch manager in southern Nevada to his current role at Florida First Capital. His mission is simple yet impactful: helping small business owners secure the necessary funds for significant capital investments, such as equipment and machinery.

Florida First Capital, a non-profit government financial institution, plays a pivotal role in administering the SBA 504 program. This program, shaped by Congress in the 1980s, is celebrated for its exceptional rates and terms, making it an attractive option for small businesses. William explains how it combines government bonds with private lending from banks and credit unions, allowing entrepreneurs to buy commercial properties, machinery, and equipment with a low down payment.

During the episode, William highlights the collaborative nature of CDCs (Certified Development Companies) like Florida First Capital, working in partnership with local banks and credit unions to structure loans that meet the unique needs of small business owners. The result? Small business owners only invest a modest percentage of the total cost, while banks and credit unions enjoy added security.

William also discusses the Green Energy Program, which enables businesses to borrow additional funds for energy-efficient projects like solar power installations. This initiative not only supports sustainability but also creates more jobs, enhancing the overall economic landscape.

If you're a small business owner looking to understand how to access capital and unlock growth opportunities, this episode is a must-listen. Join us as we demystify the world of small business financing and discover how organizations like Florida First Capital are dedicated to empowering entrepreneurs.

Recorded live at this year’s FLAGGL Small Business Lender’s Conference hosted at The JW Marriott Orlando, Grande Lakes

Learn more about Florida First Capital Finance Corporation: https://ffcfc.com/