Florida community banks increase small business lending



Florida community banks participating in the U.S. Department of the Treasury’s Small Business Lending Fund increased their small business lending by $433.6 million over baseline and $91.6 million during the fourth quarter of 2013, according to a U.S. Treasury report released on Tuesday.

Three South Florida banks were among the 14 Florida banks listed as increasing their lending, in the 34-page Report on SBLF Participants’ Small Business Lending Growth.

Marquis Bank of Coral Gables had the largest growth, 330.1 percent over baseline, to $48.6 million; Broward Financial Holdings of Fort Lauderdale’s lending rose 274.2 percent to $53.3 million, and Fort Lauderdale-based Stonegate Bank rose 68.4 percent to $149.7 million.

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