# Florida Business Development Corporation (FBDC)

> Florida Business Development Corporation (FBDC) is a private, non-profit Certified Development Company (CDC) founded in 1989 and headquartered in Florida. FBDC is the Southeast's most active SBA 504 lender, helping small businesses across Florida access long-term, fixed-rate financing for commercial real estate and equipment through the U.S. Small Business Administration's 504 Loan Program. FBDC has served 9,489+ businesses, supported creation of 80,000+ jobs, and facilitated over $14 billion in total approved projects.

## About

- [About FBDC](https://www.fbdc.net/about): Company history, mission, values (Certainty, Speed, Service), and leadership team. Founded in 1989, FBDC is a non-profit CDC administering SBA 504 loans. Leadership includes Bill Habermeyer (President & CEO), Bob Zinkil (Executive VP & COO), and Mark Mayhew (Executive VP & Chief Lending Officer). Regional sales teams cover West, Southwest, Southeast, Central, and Northeast Florida.

## Loan Programs

- [SBA 504 Loan Program](https://www.fbdc.net/sba-504-loan): FBDC's primary offering. A three-party structure where the borrower contributes ~10%, a bank/credit union provides ~50%, and FBDC/SBA covers ~40% via a 100% SBA-guaranteed debenture. Eligible uses include land and building purchases, new construction, machinery and equipment (10+ year useful life), renovations, and refinancing. Fixed rates currently range from 5.613%–5.786% (March 2026). Terms of 10, 20, or 25 years. No balloon payments. Fees approximately 2.17% of the SBA loan amount, financed into the loan. Ineligible uses include working capital, inventory, rolling stock, and certain broker/attorney fees.

- [SBA 504 Refinance Program](https://www.fbdc.net/sba-504-loan-refinancing): Allows Florida small businesses to refinance existing commercial real estate or SBA debt. Benefits include lower interest rates, up to 90% financing, fixed rates for up to 25 years with no balloons, cash-out options for eligible business expenses, and debt consolidation. Borrowers must be current on all loan payments for the last 12 months.

- [FBDC 504 Velocity Bridge Loan Program](https://www.fbdc.net/): Bridge financing product designed for bank partners to support borrowers during the SBA 504 loan process.

- [Direct Lending Program](https://www.fbdc.net/): Loans ranging from $50,000–$400,000 targeting underserved markets and businesses that may not qualify for traditional financing.

- [VetLoan Advantage Plus](https://www.fbdc.net/): Veteran-focused financing program offering specialized loan terms and benefits for veteran-owned small businesses.

## How It Works

- [Our Proven Process](https://www.fbdc.net/our-proven-process): Six-step loan process: (1) Initial Consultation with an FBDC Business Development Officer; (2) Underwriting — credit team gathers documents for internal and SBA review; (3) SBA Approval — typically within 14 days of submission; (4) Loan Closing — usually 2–3 weeks after SBA approval; (5) Loan Funding — generally 45 days post-closing (longer if construction is involved); (6) Ongoing Servicing throughout the loan term.

## Eligibility

Eligible borrowers are for-profit businesses operating in the United States with tangible net worth not exceeding $20 million and average net profit after taxes not exceeding $6.5 million over the prior two years. Industries served include manufacturing, hospitality, healthcare, professional services, and retail.

Ineligible entities include non-profit organizations, lending institutions, insurance companies, gambling-related businesses, speculative development ventures, passive (non-owner-occupied) businesses, and any business with prior federal loan losses or tax defaults.

## Resources

- [FAQs](https://www.fbdc.net/questions): Frequently asked questions covering SBA 504 loan basics, eligibility, application requirements, fees, interest rate determination (indexed off the 10-year treasury yield, set the first Thursday of the first full week of each month), prepayment penalties, credit history considerations, equity injection sources, and business plan requirements.

- [504 Loan Calculator](https://www.fbdc.net/504-loan-calculator): Online tool to estimate loan structure, monthly payments, and project cost breakdowns.

- [Borrower Resources](https://www.fbdc.net/borrower-resources): Additional materials and downloadable application for prospective borrowers.

- [Newsroom](https://www.fbdc.net/newsroom): Company news, announcements, and updates.

## Contact

- **Phone:** +1 (813) 348-0660
- **Email:** info@fbdc.net
- **Website:** https://www.fbdc.net
- **Consultation:** Free no-risk consultations available via the [Contact page](https://www.fbdc.net/contact)

FBDC partners with 12+ major regional and national lenders and operates exclusively within Florida, serving small businesses seeking to acquire or develop fixed assets through below-market, government-backed financing.