Listed in Banking & Finance
- 3828 Spyglass Hill Rd, Sarasota, FL 34238, USA
Suncoast Business Connections (SBC) is a closely-held bank & business advisory firm headquartered in Sarasota, Florida.
Founded by Principals, Wm. Hughes & Hank Goldsby, the firm specializes in establishing sound and profitable Small Business Administration (SBA) and US Department of Agriculture (USDA) Government Loan Programs for their community banking relationships.
Contractual services entail:
Officer Product Training
Marketing & Business Development Assistance
Loan Structuring / Eligibility / Underwriting Assessments
Loan Closing & Post-Closing Servicing Requirements
Suncoast Business Connections assists their client lending institutions in:
Increasing Legal & in-House Lending Limits
Reducing Capital Reserve Requirements
Reducing Concentration of Credit Risks
Significantly increasing Profitability
Through an established secondary market, the sale of the Guaranteed Portion of Government Loans (75% – 80% on Loans < $5 Million) affords an unparalleled level of Premium & Servicing (Non-Interest) Fee income, resulting in above-average loan yields.
For the Bank’s commercial customer base, the Government Programs provide:
Longer Term Financing; 25-30 Years on R/E; 10-15 years on M&E; 7-10 Years on W/C
Fully Amortized (Non-Balloon) Loan Terms
Consolidation of Loan Components for Multiple Purposes
Lower Equity Requirements
Increased Level of Available Capital; to $5 Million SBA; $10-$25 Million USDA
Qualifying Use of Loan Proceeds include corporate debt restructuring, expansion funding, fixed asset financing, working capital & business acquisitions.
Suncoast Business Connections management philosophy is centered on principles of honesty, integrity and high standards of professional ethics, consistent with our client base.
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