YEAR 2008 FACT SHEET | |
*July 5, 1992 | Business Plan presented to and approved by Governor’s Office |
*July 1, 1993 | Enabling Statute FS 288.770/8 |
*August 16, 1993 | First employee |
*November 5, 1993 | Programs/Policies approved by Board and Governor’s Office |
*February 2, 1994 | Began accepting Loan Guarantee applications |
*November 1, 1994 | Became member of Ex-Im Bank City/State Program |
*May 1, 1995 | Signed Co Guarantee Agreement with SBA |
*December 1, 1995 | Ex-Im Bank Umbrella Insurance Policy activated |
*July 1, 1996 | Increased Capital Grant by State |
*September 18, 1996 | Ex-Im Bank Delegated Authority received |
*July 1, 1997 | State Grants Self-Sufficiency Capital |
*December 31, 1998 | Achieved Self-Sufficiency |
Note:figures are cumulative from inception except where noted. |
12/31/08
|
|
Medium term (over 1yr.) loans commitments arranged on behalf of small Florida exporters |
$1,228,000,000
|
|
Export value of Political and Credit Risk Insurance
arranged to support sales of small Florida exporters
|
$165,600,000
|
|
Export value covered by FEFC loan guarantee commitments for small Florida exporters |
$288,946,000
|
|
Total
value assisted (100% small business/approx. 72% minority and women owned) |
$1,682,546,600
|
|
Total for 2008 activities |
$72,320,400
|
|
Total
State Grants received (1993/1997) $5,600,000 Capital - $1,000,000 Operating Expenses |
$6,600,000
|
|
Net Worth of FEFC - 12/31/08 |
$6,311,548
|
|
Total number of seminars - |
333
|
|
FEFC seminar attendance |
-
Exporters
|
10,941
|
-
Bankers
|
2,060
|
FEFC Status - | Non
stock not for profit corporation with IRS 501(c)3 status 15 Member Board of Directors (5 Government/10 Private Sector) Loan Defaults - 16 ($1,032,907 Net Loss) |
Legislative Mandate - To increase job opportunities and income for residents of Florida by providing financial, technical, and consulting assistance to small and medium sized Florida companies in support of their export sales. |