Government Loan Programs
| Loan Type |
Maximum Loan |
Maximum Rate |
Term Yrs |
Required Guaranty |
Special Conditions |
| SBA 7-a | $5,000,000 | P+2.75% | 5-25 | 75% | Size Std |
| SBA 504 | $11,000,000 | 1st Lien lender sets
2nd Lien CDC sets |
Lender sets
Up to 20 |
NA | RE and equipment |
| B&I | $32,000,000 | Lender sets | Up to 30 | 70% | Geographical location |
Information for Business Owners
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Although small businesses are the largest contributors to the economy, they experience a failure rate of 80% during the first five years.
Half of the survivors fail over the following three years. The major reasons for failure are lack of sufficient capital and business knowledge, insufficient revenues, and no exit planning.
CPA Programs
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Like all businesses, a CPA’s practice has a target market and needs to differentiate itself from the competition.
For over 30 years FMC has been growing business including CPA practices providing value added services.
In your practice’s strategy, if you are not already targeting the small business, we strongly suggest you consider it.
If you already do, then we want to help you grow your practice.
Banking Solutions
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FMC Financial Services, Inc. (FMC) serves both banks and small business owners. Each is benefited mutually by growing together.
Small businesses account for over 55% of the GNP and exert a powerful impact on the local economy.
Without the support of local banks, small businesses would not have sufficient capital for growth.