Florida Community Bank and FCB Holdings recently announced that the company made a financial commitment of $250,000 to the Urban League of Broward County Small Business Loan Fund on Oct. 27 in Weston, Florida.
“The work … will provide lending to entrepreneurs, under-resourced and minority small business owners,” FCB President and CEO Kent S. Ellert said. “Providing this investment to the Small Business Loan Fund is just one of many ways FCB is reaching into every corner of the community to strengthen the economy.”
The fund provides loans ranging from $25,000 to $250,000 to Florida entrepreneurs and small businesses with 25 or fewer employees and average annual gross revenue of $5 million for the past two years.
The Urban League of Broward County was founded to empower communities and change lives, with a mission to assist African Americans and others in achieving social and economic equality. Its “Breaking the Cycle” programs assist over 7,000 individuals annually, through affordable housing, youth development and diversion, employment and training, community empowerment and civic engagement.
“Florida Community Bank and the Urban League of Broward County share a common goal of ensuring families have access to … long-term economic security,” said Urban League President and CEO Dr. Germaine Smith-Baugh. “FCB has been a longtime supporter of our housing programs, and we are thrilled to continue our partnership to build stronger communities through a network of small business owners.”
Florida Community Bank (FCB) is Florida’s fourth largest bank, with 50 full service banking centers covering both coasts from Daytona Beach to Miami-Dade, Naples through Tampa Bay to Brooksville, as well as the I-4 Corridor. With capital ratios exceeding the regulatory standard, FCB is consistently ranked among Florida’s most highly capitalized banks and is considered “well capitalized” by a wide margin.
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