Florida community banks increase small business lending

 

icordle@MiamiHerald.com

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.

Read more Business stories from the Miami Herald

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category