Existing Loan Information

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 phone number/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: Julie Simpson: julie@fbdc.net
Tampa/Orlando: Brianna Lopez: brianna@fbdc.net
GA/AL/Northern FL: Alex Crawford: alex@ga504.com
Payoff Request Email Request: 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?
Monthly statements or a Coupon Book will not be provided for the SBA 504 Loan payments. The SBA 504 Loan is on a fixed rate and the payment amount will only decrease every five years as the monthly fees are lowered. Please refer to the Amortization Schedule provided in your funding package for guidance on the amount of payment drafted each month and how the payment will be applied.

What institution will be listed on my account for the ACH draft each month for loan payments?
Wells Fargo is the institution who will be listed on your account for all ACH payments. However, the CDC is responsible for all servicing questions related to your account.

Where will I send the required Annual Servicing Documents including but not limited to: Insurance/Tax Returns/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: Julie Simpson: julie@fbdc.net
Tampa/Orlando: Brianna Lopez: brianna@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 Edgar Molina, edgar@fbdc.net. Please complete as needed and return to Edgar 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 in Business 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: Ian@fbdc.net
Tampa/Orlando: Po Lehman: po@fbdc.net
GA/AL/Northern FL: Melissa Carpenter: melissa@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 our Internal Business Development Officer.

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