Link Up With Bringing You LowFixed Rates AndAn Experienced Lending Partnership!

We Are Very Excited To Introduce TheNewest Member Of Our ASBC Team...

David ChunnDavid ChunnVP/Business Development OfficerVP/Business Development Officer

David Will Be Working To Develop New RelationshipsWith Lenders And Small Businesses, Focusing On TheGreater Birmingham/North Alabama Markets. For MoreInformation About The SBA 504 Loan Program, Please GiveDavid A Call And Take Advantage Of Our Low Fixed Rates.

SBA 504

HIGHLIGHTS

O. David Chunn, Jr.V.P./Business Development OfficerCell:(205) 306-1888Email: david@asbc504.com

October/November2012 Edition

Congress did not extend the 504 Temporary Refinanc-ing Program prior to its 9/27/2012 expiration date. Dueto extraordinary volume growth and loan package sub-missions to the SBA Loan Processing Center, about 400loan packages were not processed. SBA simply did nothave the capacity to handle this volume in the last daysof the program.It’s clear that there is increasing demand for refinanc-ing that can qualify for this program. Our National Or-ganization is making a strong effort to get this programrenewed during the “lame duck” session of Congressthat will begin after the November elections.We need your help to be successful. Please click HEREto find a “talking points” document that provides in-formation that you can transfer into communicationson your letterhead and emails to your Senators andRepresentatives to support renewal of the TemporaryRefinancing Program.

Many CDCs had loans applications that did not getprocessed, and they want to find a way to still assistthese small businesses. If we are successful, SBA couldre-open the program if Congress passed language torenew it in November or early December.Please help us by contacting your Congressional Mem-bers on the value of the program for your communities.

We Need YourAssistance…Request to Congress for 504 TemporaryRefinancing Program Renewal“Winner of

theExcellencein LendingAward!”____

CurrentRates:

October 2012

4.262%20 Years Fixed

•••

3.487%10 Years Fixed____

SBA 504HIGHLIGHTS

504 Loans Set All-Time Record in DollarsLoaned- Streamlined Products Led to Jumpin UsageWASHINGTON – With loan volume steadilyincreasing for the past six quarters, the U.S.Small Business Administration’s loan pro-grams posted the second largest dollar vol-ume ever in FY 2012, supporting $30.25billion in loans to small businesses. Thatamount was surpassed only by FY 2011,which was heavily boosted by the loan incen-tives under the Small Business Jobs Act of2010.Overall, the pace of SBA loan-making is ahealthy sign for the economy and the creditmarkets and is one of the foundations for en-suring the availability of financing to smallbusinesses trying to establish themselves,grow and create new jobs for Americans. The near-record pace was driven in part by arecord year for the Certified DevelopmentCompany (504) loan program, which sup-ported $15.09 billion in small business cred-its. The strong performance of 504 loans wasboosted by the temporary 504 refinancingprogram, which was responsible for 26 per-cent of the 504 program loans made in FY2012 and 34 percent of the dollar volume. Therecently expired 504 refinancing programwas part of the incentive package under theJobs Act.“Reaching such strong numbers is a clearsign that both the business and lending com-munities are regaining their confidence in the

economic climate of the country,” said SBAAdministrator Karen Mills. “It means thatthe credit markets are increasingly willing tohelp small businesses establish themselves,grow and create new jobs for Americans.”Over the past year, SBA began streamliningand simplifying many of the loan programsin order to provide more access and opportu-nity for both lenders and small businesses. Aspart of this effort, SBA encouraged lenders touse more of their own paperwork and theagency’s updated processing systems, so thatmore than 80 percent of its loan applicationscan now be processed online.The reengineered CAPLines loan programrecorded an increase of almost 400 percent inloan volume and 249 percent in dollar vol-ume. The revamped program, which pro-vides working lines of capital to smallbusinesses such as manufacturers and gov-ernment contractors, jumped from 108 loansand $118 million in FY 2011, to 532 loans and$410 million in FY 2012.SBA’s streamlining of the Small Loan Ad-vantage (SLA) and Community Advantageprograms also produced encouraging results.The Advantage loan programs entice lendersto make low-dollar loans, which are an im-portant tool for small businesses. Commu-nity Advantage jumped from 15 loans and$2.1 million in FY 2011, to 188 loans and$25.2 million in FY 2012, an 11-fold increasein both the number of loans and dollaramount. As of the end of May 2012, SLA had

a volume of 188 loans for a little over $20 mil-lion. The program ended the fiscal year with820 loans for $105.6 million. Nearly 80 per-cent of the year’s SLA loans came after SBAimplemented simplified processes on June 1. These efforts, among other loan enhance-ments, have resulted in nearly 1,300 lendersreturning to SBA lending, and have openedup more points of capital access for smallbusinesses wherever they do business. During the fiscal year, which ended Sept. 30,SBA loan approvals supported $30.25 billion(53,848 loans) to small businesses in its twomain loan programs, 7(a) and 504, comparedto $30.5 billion (61,689 loans) in FY 2011 and$22.6 billion (60,771 loans) in FY 2010. The totals for FY 2012 include 44,377 loans,$15.15 billion approved under the agency’slargest loan program, the 7(a) General Busi-ness Loan program, and 9,471 loans sup-porting $15.09 billion in small businesslending under the 504 Certified DevelopmentCompany program. The “supported”amount for 504 loans includes the SBA-backed portion and the third-party loansmade by commercial lenders as part of thefunding package. For more information about these and otherSBA programs, visit the SBA website atwww.sba.gov, or contact your local SBA fieldoffice. You can find contact information foryour local SBA office at:http://www.sba.gov/localresources/index.html

SBA Loan Dollars in FY 2012 ReachSecond Largest Total Ever!$30.25 Billion Second Only to FY 2011

Alabama SmallBusiness Capital(ASBC) and the entireFBDC group recordsanother banner year-Alabama Small Business Capital (ASBC)

and Florida Business Development Corpora-tion (FBDC) is the #2 Certified DevelopmentCompany (CDC) in the U.S. as of Septem-ber 30, 2012! For the fiscal year ended9/30/12, ASBC and the entire FBDC teamachieved the status of #2 CDC in the U.S.with the second highest number of SBA 504loan approvals. With 488 total SBA 504 loanapprovals in 2012 loan volumes broke downas follows:

FLORIDA..............408GEORGIA...............42ALABAMA..............36TENNESSEE ............1S. CAROLINA...........1These approvals provided over

$303,000,000 in SBA 504 loans to smallbusinesses and with the help of our lendingpartners, FBDC provided over $687,000,000to small businesses.*FBDC received theOutstanding CDC Lender 2nd HighestNumber of Loans Award for FY 2011 as

recognized by the National Associationof Development Companies.-ASBC does not require a

$2,500 upfront borrowerdeposit-The FBDC servicing fee on

SBA 504 loans is 0.625%-ASBC offers “ONE STOP

SERVICE”.

Our staff has extensiveexperience in all aspects ofthe SBA 504 program work-ing primarily in the State ofAlabama while also serving the needs of ourlending partners in Georgia and the FloridaPanhandle. We look forward to working withyou on SBA 504 financing opportunities andappreciate your decision to continue to work

with ASBC, your sourcefor SBA 504 lending.

2011-2012 Loan ProductionProgressREPORT

New Construction Building Purchase Machinery & Equipment Building Renovations

Over$687 MillionLoan Volume*

MMeeeett OOuurr TTeeaamm!!Brian SwannAVP/UnderwriterCell:(334) 332-0976brian@asbc504.com

O. David Chunn, Jr.VP/Bus. Dev. OfficerCell:(205) 306-1888david@asbc504.com

Debbie ParnellClosing/Funding ManagerCell:(334) 328-9520debbie@asbc504.com

Alabama Small Business CapitalAssisting Small Business Owners in Alabama, Georgia and Florida3120 Frederick Road, Suite K, Opelika, Alabama 36801

Office:(334) 275-9700 • Fax:(334) 275-9704

Important Links:U.S. SMALL BUS. ADMIN.

www.sba.govSMALL BUS. DEV. CENTERS:

www.asbdc-us.orgSCORE

www.score.orgALABAMA SECRETARY OF STATE

www.sos.state.al.usGEORGIA SECRETARY OF STATE

www.sos.ga.govFLORIDA SECRETARY OF STATE

www.sos.ga.gov

ASBCwww.fbdc.net

U.S. SBA YOUTUBEwww.youtube.com/user/sbaALA SBA RESOURCE GUIDE

www.smallbusiness3.com/pdf/english/alabama.pdf

ALA ASSOC. OF REG. COUNCILSwww.alarc.org

GEORGIA SBA RESOURCE GUIDEwww.smallbusiness3.com/sites/default/files/guide-pdf/english/georgia.pdf

N. FLORIDA SBA RESOURCE GUIDEwww.smallbusiness3.com/pdf/english/florida-north.pdf

Angie SweatmanVice President

Cell:(334) 318-8064angie@asbc504.com

Home Of NOUpfront Fees and NO Borrower Deposits!