Borrower Resources

Questions regarding loans or relief resources? 
We can help.

Existing Loan FAQs

Post Funding

The SBA 504 Loan is a long-term, fixed rate loan utilized to purchase fixed assets which promotes business growth and job

creation provided through Certified Development Companies (CDCs). The loan is composed of a first lien with a financial

institution and a second lien held by the SBA and serviced by the CDC.

Who is Florida Business Development Corporation?

Florida Business Development Corporation, also known as Georgia Small Business Capital and Alabama Small Business Capital (FBDC), is the CDC who services your loan for the SBA. FBDC has four major core values including Innovation, Excellence, Integrity, and Service. We strive to provide excellent customer service from our years of knowledge to all customers. If you have any questions pertaining to your loan never hesitate to contact the Servicing Department at (561) 433-0233 or visit our website at www.fbdc.net.

Whom would I contact with questions regarding my SBA 504 loan including but not limited to updating my phonenumber/address/contact/mailing address or if I consider selling/moving the business/payoff requests?

FBDC has assigned regionally specific Servicing Agents to assist with any questions regarding your SBA 504 loan. Please don’t hesitate to contact the Servicing Agent below assigned to the corresponding area of your property’s region.

If unsure of your region, please contact the Servicing Department by phone (561) 433-0233.

South Florida: Vanessa Aravena: vanessa@fbdc.net

Tampa/Orlando: Layla Janer: layla@fbdc.net

GA/AL/Northern FL: Alex Crawford: alex@ga504.com

Payoff Requests to be emailed to: payoffrequests@fbdc.net

What is the mailing address for Florida Business Development Corporation?

Florida Business Development Corporation

1715 N Westshore Blvd, Suite 780

Tampa, FL 33607

Fax: (561) 433-8545

My SBA loan included a CDC Closing Fee. When will I receive the reimbursement from FBDC?

The reimbursement funds will be submitted within a month after funding via direct deposit using the account you provided at closing for the monthly payments.

Will I be receiving a monthly statements/Coupon Book for the SBA 504 loan payments?

Wells Fargo is the institution who will be listed on your account for all ACH payments. However, the CDC is responsiblefor all servicing questions related to your account.

Where will I send the required Annual Servicing Documents including but not limited to: Insurance/TaxReturns/First Lien Holder Balance?

The Annual Servicing Documents will be requested yearly and may be sent to your corresponding Servicing Agent via email or FBDC’s servicing fax line at 561-433-8545.

South Florida: Vanessa Aravena: vanessa@fbdc.net

Tampa/Orlando: Layla Janer: layla@fbdc.net

GA/AL/Northern FL: Alex Crawford: alex@ga504.com

When will the Annual Statement/1098 with the year-end balance information be received?

The Annual Statement will be mailed to the contact address on file by mid to late February. Please be sure to contact your Servicing Agent with any change of your mailing address. If your loan is in a personal name, then a 1098 is mailed directly from the SBA and should be received by mid to late February. If either is not received, please contact your Servicing Agent.

What is a 2-Year Job Certification and when is it to be provided?

The 2-Year Job Certification will be requested upon the loan’s 2-Year Funding Anniversary. The information provided allows the SBA to document the growth of the company from the original funding date and helps to support the SBA 504 loan program. You will receive the required document via email from Heriberto Rodriguez, heriberto@fbdc.net. Please complete as needed and return to Heriberto within a week of being received.

What is the prepayment penalty on my loan?

The Prepayment Schedule is included in your funding package and based on 7-year declining penalty for loans with a 10-year maturity date and 10-year declining penalty for loans with a 20- or 25-year maturity date.

Whom would I contact regarding a Loan Servicing Action such as but not limited to: Subordinations/Change inBusiness Entity/Ownership Change/Guarantors/Insurance Claim/Deferment/Assumption/Joinder etc.?

FBDC’s Intensive Servicing Agent’s will be happy to assist you on all loan servicing requests. Please don’t hesitate to contact the Intensive Servicing Agent below assigned to the corresponding area of your property’s region. If unsure of your property’s region, please contact the Servicing Department by phone at (561) 433-0233.

South Florida: Ian Masse: edgar@fbdc.net

Tampa/Orlando: Po Lehman: po@fbdc.net

GA/AL/Northern FL: Brianna Lopez: brianna@fbdc.net

Is my 504 SBA Loan eligible for refinance?

We are excited to say YES! Under new regulations, 504 loans may now be used to refinance federally guaranteed loans, including existing 504 loans and 7(a) loans. There are certain qualifications required to refinance the loan, but it is a great option to consider prior to refinancing with another lender. Please contact the Servicing Department at (561) 433-0233 to be forwarded to one of our Business Development Officers.

For further business educational tools for your business:

The SBA offers different types of business training programs. If interested go to www.sba.gov and located in the middle of the screen you will see "Browse business topics". This will provide helpful tools to assist you with your existing business.

At Florida Business Development Corporation, we strive to be the best Servicing Department in the industry. If you ever have any issues with our customer service do not hesitate to contact the Portfolio Manager, Steve Wilson, at (561) 491-8140 or by email at steve@fbdc.net.

To Our Borrowers/Guarantors:

Our hearts and thoughts go out to everyone feeling the impact of Hurricane Helene. As we know such disasters can be frightening and very stressful, Florida Business Development Corporation is committed in ensuring you have all the updated information necessary to assist in the recovery and success of your business.

The below information has been obtained from the SBA website located at www.sba.gov . I do encourage you to go to the website and review the information on the top right of the site labeled Hurricane Helene – Need help after Helene? Learn about SBA disaster assistance. The SBA is providing assistance to those in need and will also assist with the application process.

We will continue to share information as received to ensure you are up to date on any efforts provided to assist your business and make the recovery efforts as painless as possible. Again, we continue to keep all impacted from such a devastating storm in our thoughts. If you have any questions concerning your SBA 504 Loan serviced by Florida Business Development Corporation, do not hesitate to contact our Servicing Department at (561) 433-0233 or by email at servicing@fbdc.net . We will be happy to assist in anyway possible.

Hurricane Helene: Areas Eligible for SBA Disaster Loans

SBA disaster assistance for homeowners, renters, nonprofits, and businesses of all sizes affected by Hurricane Helene.

See if your state and county are listed under the declared disaster areas to find out if you are eligible for an SBA disaster loan:

FLORIDA
Primary Counties: Charlotte, Citrus, Dixie, Franklin, Hernando, Hillsborough, Jefferson, Lafayette, Lee, Levy, Madison, Manatee, Pasco, Pinellas, Sarasota, Taylor, Wakulla

Contiguous Counties: (other counties that may have been affected) : Alachua, Collier, Desoto, Gilchrist, Glades, Gulf, Hamilton, Hardee, Hendry, Highlands, Leon, Liberty, Marion, Polk, Sumter, Suwannee

GEORGIA
Primary Counties: Rabun, Towns, Union

Contiguous Counties (other counties that may have been affected): Brooks, Lowndes, Thomas

NORTH CAROLINA
Primary Counties: Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, Mcdowell, Mitchell, Polk, Rutherford, Transylvania, Watauga, Wilkes, Yancey

Contiguous Counties (other counties that may have been affected) Cherokee, Graham, Iredell, Mecklenburg, Surry, Swain, Yadkin

SOUTH CAROLINA
Primary Counties: Aiken, Anderson, Bamberg, Barnwell, Cherokee, Greenville, Greenwood, Lexington, Newberry, Oconee, Pickens, Saluda, Spartanburg

Contiguous Counties: (other counties that may have been affected) Abbeville, Allendale, Calhoun, Colleton, Edgefield, Fairfield, Hampton, Laurens, Mccormick, Orangeburg, Richland, Union, York

TENNESSEE
Primary Counties: Carter, Cocke, Greene, Johnson, Sevier, Unicoi

VIRGINIA
Primary Counties: Grayson

Types of Available Disaster Loans

  • Home Disaster Loans: Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.
  • Business Physical Disaster Loans: Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
  • Economic Injury Disaster Loans (EIDL): Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster
    recovery period.

Get help with your application: Applicants are encouraged to apply online for a disaster loan. Please call us at 800‐659‐2955 or schedule an in-person appointment if you have any questions.

Additional Assistance

Find out what other help is available, or read up on the latest federal updates.

What DHS and FEMA are doing:
• https://www.fema.gov/hurricane-helene (Link is external)
• Spanish: (Link is external)https://www.fema.gov/es/helene (Link is external)

What the U.S. government is doing:
• https://usa.gov/hurricane-helene (Link is external)
• Spanish: https://usa.gov/es/huracan-helene (Link is external)

Short URL: sba.gov/hurricane-helene
Last updated September 30, 2024

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Trusted by Lenders Across the Southeast

Florida Business Development Corporation (FBDC) works with a wide variety of lending institutions that participate in funding SBA 504 loans. These lenders generally fund 50% of the first mortgage loan with a minimum term of 10 years for real estate and seven years for machinery and equipment. FBDC generally funds up to 40% of eligible cost, with a $5,000,000 maximum. Manufacturers and energy efficient projects are eligible for up to $5,500,000. Total project size is unlimited. The 504 loan rate is fixed for the life of the loan.

121 Financial Credit Union
1st National Bank of South Florida
AFB&T, a division of Synovus Bank
American Enterprise Bank of Florida
AmeriFirst Bank
Ameris Bank
Atlantic Capital Bank
Atlantic Coast Bank
Bank Independent
Bank of America, NA
Bank of North Georgia, a Division of Synovus Bank
Bank of the West
BankUnited NA
Banyan Capital Finance, LLC
Bay Cities Bank
BMO Harris Bank NA
Branch Banking and Trust Company
Bryant Bank
Candence Bank, N.A.
CB&T, a division of Synovus Bank
CBC National Bank
CBRE
CenterState Bank
Citizens Trust Bank
City National Bank
Columbus Community Bank
Community & Southern Bank
Community Bank of Broward
Community Bank of Johnson County
Continental National Bank
Cornerstone Community Bank
Executive National Bank
Fairwinds Credit Union
First American Bank
First Bank Florida
First Citrus Bank
First Colony Bank of Florida
First Home Bank
First National Bank of South Miami
First Partners Bank
Flagship Community Bank
Florida Bank of Commerce
Florida Business Bank
Florida Capital Bank, NA
Florida Community Bank, NA
Fountainhead Commercial Capital LLC
Freedom Bank of America
Gateway Bank of Central Florida
Gateway Bank of Florida
Grow Financial Federal Credit Union
GTE Financial
GulfShore Bank
Hancock Bank
Harbor Community Bank
IberiaBank Corp.
Intracoastal Bank
Jefferson Bank of Florida
JP Morgan Chase Bank, NA
Liberty CP1 SPV, LP
Marquis Bank
Mercantil Commerce Bank, NA
Mercantile Capital Corporation
Midsouth Bank
National Bank of Commerce
NobleBank & Trust, NA
NorthStar Bank
Ocean Bank
Oconee State Bank
Old Florida Bank
Patriot Bank
Platinum Bank
PNC Bank, National Association
Professional Bank
Regions Bank
Reunion Bank of Florida
Sabal Palm Bank
Seacoast National Bank
South State Bank
Space Coast Credit Union
Stonegate Bank
SunTrust Bank
TD Bank, NA
The Bank of Tampa
The Jacksonville Bank
TotalBank
Trustmark National Bank
USAmeriBank
Wells Fargo Bank, National Association
Whitney Bank dba Hancock Bank