In this episode of Small Biz Florida, host Tom Kindred sits down with Mark Kruse, Executive Vice President and General Counsel of Florida First Capital, at the 2024 Florida Rural Economic Development Summit held at the World Equestrian Center in Ocala, Florida. The conversation focuses on the vital role Florida First Capital plays in supporting small businesses, particularly through the SBA 504 loan program.
Mark explains the benefits of the 504 loan, which offers long-term, below-market fixed interest rates and up to 90% financing for small business owners looking to purchase commercial real estate or heavy equipment. He also highlights the importance of educating business owners about this financial tool and how Florida First Capital collaborates with local banks to make these loans accessible.
Additionally, the episode covers Florida First Capital’s role in disaster recovery through the Emergency Bridge Loan program and the launch of a new agricultural loan program designed to assist farmers impacted by natural disasters. The discussion underscores the critical support Florida First Capital provides to small businesses in both urban and rural communities across Florida. This podcast episode was recorded live at the Florida Rural Economic Development Summit hosted at the World Equestrian Center in Ocala, Florida. This podcast is made possible by the Florida SBDC Network and sponsored by Florida First Capital.
Connect with Our Guest: Learn more about Florida First Capital
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