fbpx

Ocean Bank Receives Top SBA Producer Ranking in South Florida

Ocean Bank recently ranked as the top SBA 504 program producer in the tri-county area during the fiscal year ending Sept. 30, 2021, with 40 approved loans totaling $18.9 million. It is also is ranked in the top 25 SBA 504 producers nationwide among all 1,859 participating banks.

“The SBA designation is especially significant since small business is the backbone of the South Florida economy,” says Senior Vice President Anelu Moreira (pictured), who was appointed in 2020 to head the SBA lending unit. “Ocean Bank is proud to serve this important segment of our community.

Along with the SBA program, Ocean Bank made more than 100 small business commercial loans totaling $23.3 million from January to October 2021. The SBA 504 program provides long-term, fixed-rate loans to small businesses at below-market interest rates. The loans of up to $5 million are intended for purchasing owner-occupied commercial real estate or large equipment.

“Ocean Bank is now also processing SBA 7(a) small business loans to help small businesses that can’t qualify for conventional commercial loans, with SBA guarantees of up to 85% of the loan,” Moreira says.

You May Also Like

Amerant Bank Continues Growth With Opening of Its First Banking Center in Tampa

The Miami-based community bank also recently opened a Fort Lauderdale branch off Las Olas Boulevard.

banking center
Sheppard Morris CPAs: A Fusion of Experience and Innovation in South Florida Accounting

The firm’s services encompass tax planning and compliance, business advisory, and more.

Development Specialists, Inc. Moves Its South Florida Office to Downtown Fort Lauderdale

The national firm specializes in turnaround management and financial advisory services.

Amerant Bank Teams Up With Florida Panthers Star Matthew Tkachuk 

The NHL superstar will promote the bank’s new co-branded Florida Panthers debit card.

Other Posts

The Family of The Media Lab

The Floyds use a traditional approach for a modern company.

Media Lab
Villa Azur: An Enchanting Dining Experience in Miami Beach

Once you enter Villa Azur in Miami Beach, an energetic and ethereal restaurant, you will be transported into a world where dining is not just about enjoying a meal. It’s

Villa Azur Miami
Delilah Miami Introduces Boat Service and Unveils Waterfront Patio

Guests can enjoy 180-degree views of the Biscayne Bay and front-row seats to the Magic City’s iconic skyline.

Delilah Miami
A Tropical and Upscale Escape Awaits at Loews Sapphire Falls Resort at Universal Orlando

I’m a huge fan of escaping to Orlando for a weekend. There’s nothing like taking a quick drive over from South Florida for a spirited romp at Central Florida’s theme

Loews Sapphire Falls Resort

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.