YEAR 2016 FACT SHEET
*July 5, 1992 Business Plan presented to and approved by Governorís Office
*July 1, 1993 Enabling Statute FS 288.770/8
*August 16, 1993 First employee
*November 5, 1993 Programs/Policies approved by Board and Governorís 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
*July 1, 2010 Additional capital of $4.9 million granted by the State
*September 9, 2014 $5,000,000 SSBCI Additional capital received

Note:figures are cumulative from inception except where noted.
12/31/16
Loans commitments arranged on behalf of small Florida exporters
$2,064,169,000
Export value of Political and Credit Risk Insurance arranged to support sales of small Florida exporters
$282,430,000
Export value covered by FEFC loan guarantee commitments for small Florida exporters
$451,879,000
Total value assisted (100% small business/approx. 72% minority and women owned)
$2,798,478,000
Total Grants received (1993/2016)
$15,500,000 Capital - $1,000,000 Operating Expenses
$16,500,000
Net Worth of FEFC - 12/31/16
$10,527,140
Total number of seminars -
483
FEFC seminar attendance
- Exporters
19,657
- Bankers
3,141

FEFC Status - Non stock not for profit corporation with IRS 501(c)3 status
14 Member Board of Directors (3 Government/11 Private Sector)
Loan Defaults - 27 ($3,715,590 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.