SEDCO - Sunshine State Economic Development Corporation

There’s nothing more rewarding than helping small business owners turn their dreams into reality—especially when those dreams shape the future of our communities. ?? This SBA 504 deal facilitated by Chelsea LaRue was particularly special because it involved financing a daycare center, a place where young minds are nurtured, families are supported, and local economies grow. By securing long-term, low-interest financing, this business owner can focus on what truly matters—providing quality care and education for our next generation. At SEDCO, we’re committed to empowering small businesses with the resources they need to thrive. If you’re a business owner looking to purchase commercial real estate with affordable, fixed-rate financing, let’s talk! #SBA504 #SmallBusinessSuccess #EconomicDevelopment Drop Chelsea an email for your next SBA 504 deal. ?? [email protected] Brooke Mirenda Chelsea LaRue

?? SBA Policy Update: New Citizenship Requirements for 504 Loans ?? The SBA has released Policy Notice 5000-86575, effective March 7, 2025, updating eligibility requirements for 7(a) and 504 loans to comply with Executive Order 14159. ?? ?????? ??????????????: ?? Applicant businesses must be 100% owned by U.S. citizens, U.S. Nationals, or Lawful Permanent Residents (LPRs). ?? Ineligible persons include undocumented individuals, visa holders, refugees, asylum recipients, and those under DACA. ?? Lenders must verify at least 81% of Beneficial Owners in E-Tran and ensure no ineligible persons have ownership. ?? Businesses must operate primarily in the U.S. and use loan funds domestically. These updates impact eligibility, application requirements, and verification procedures for SBA-backed financing. Lenders and small business owners should review the changes carefully to ensure compliance. ?? Questions? Contact SEDCO - Sunshine State Economic Development Corporation or visit the official SBA website. Brooke Mirenda, Chelsea LaRue, Michael Frid, Emily Coker, N. Hunter Lopez, Daniel Leon

?? SBA 504 March Rates ?? Every bit counts! ?? The latest SBA 504 rates are in—now at 6.24% on a 25 year loan. While it’s a conservative adjustment from last month, even small moves can make a difference in long-term savings for business owners. If you or a client have been considering expansion, equipment purchases, or property ownership, now’s a great time to explore your financing options.?Reach out to one of our esteemed loan officers for your next 504 deal! ?? Chelsea LaRue Emily Coker N. Hunter Lopez Brooke Mirenda

Most people celebrate a work anniversary with a nice lunch or maybe some cupcakes in the breakroom… but not Sandra Anderson! After 17 years of dedication to SEDCO - Sunshine State Economic Development Corporation, wearing every hat from underwriting to credit manager, and now overseeing closing and funding, she decided she deserved a little more. So what did she do? She booked a vacation to Japan! Coincidence? We’re not sure. But after nearly two decades of hard work, we think she’s earned it! Sandra, we appreciate everything you do, and we hope you’re enjoying all the sushi, sightseeing, and well-deserved relaxation. Just don’t get too comfortable over there—we need you back! ?? Brooke Mirenda Michael Frid Chelsea LaRue Daniel Leon

Chelsea LaRue and Emily Coker had the opportunity to attend the ACG Orlando Annual Wine Tasting earlier this week. It was great to reconnect with familiar faces and build new relationships in such a welcoming setting. A big thank you to ACG Orlando for hosting such a well-attended and engaging event—we’re already looking forward to the next one! #ACGOrlando #WineTasting #SmallBusinessFinance #SBA504

?? SBA 504 February Rates Drop! ?? ?? Great news for small business owners and lenders—February SBA 504 rates have come down! If you’ve been waiting for the right moment to lock in long-term, fixed-rate financing, now’s your chance. ? Competitive, below-market interest rates ? 25-year, 20-year, and 10-year options ? Ideal for purchasing real estate, equipment, or refinancing existing debt Check out the latest rates below ??. Contact one of our loan officers for more information: Chelsea LaRue, Emily Coker, N. Hunter Lopez, Brooke Mirenda

?? Building Homes, Building Hope ?? Brooke Mirenda recently rolled up her sleeves to support Habitat for Humanity Tampa Bay Gulfside in their mission to create affordable housing for families in need. Leadership isn’t just about business; it’s about giving back to the community and making a difference where it matters most. Brooke is proud to be part of this important work to support a very important cause! Michael Frid Chelsea LaRue #CommunityImpact #HabitatForHumanity #LeadershipInAction #SBA #SBA504

?? Are you a banker looking to expand your financing offerings to close more deals in 2025? ?? Are you a broker looking to help your clients secure commercial real estate? ?? Learn How SBA 504 Loans Can Empower Your Business Growth! ?? ?? Our team is excited to offer private or group informational sessions to help you, your clients, or your team learn more about how this program can create opportunities for small businesses. Whether you're a lender, broker, or business owner, we're here to guide you through the process and answer your questions. ?? Sessions can be customized to fit your schedule. Let's connect and explore how we can work together to achieve your business goals. ?? Contact us today to schedule your session or learn more! ?? Chelsea LaRue: [email protected] Emily Coker: [email protected] N. Hunter Lopez: [email protected] Brooke Mirenda, Michael Frid

Hey #SouthFloridaBankers, be sure to connect with N. Hunter Lopez at an upcoming ChamberSOUTH event. We hope to see you there! Chelsea LaRue Brooke Mirenda

Last Thursday, on January 9th, Brooke Mirenda and Chelsea LaRue had the pleasure of attending the Tampa Bay Business Journal's Economic Update. This annual event provides a comprehensive look at the economic trends and forecasts that will shape our business landscape in the year ahead. It's always a great way to start the year, gaining valuable insights and strengthening our partnerships. Here's to a prosperous and collaborative 2025!?