fbpx

Second round of PPP launches

The federal government was launching round 2 of the paycheck protection program to aid small businesses, but the SBA’s computer system was experiencing glitches at times on Monday.

The money also was expected to run out quickly.

There was widespread unhappiness with the first round with some major companies returning money after negative publicity. Lawsuits were also filed against Bank of America and Wells Fargo about whether they favored larger customers

International Finance Bank of Miami said it is assisting some frustrated customers of major banks with getting PPP.

Ricardo Loor is a VP and lending officer with International Finance Bank

“Yes, we are accepting applications from non-existing clients that have been turned down by large banks,” said Ricardo Loor, VP and lending officer for the bank. “We understand that one-on-one customer service is essential, and we have been able to show our clients how committed we are to providing tailored solutions. Unfortunately, large banks focused on the economic aspects of this program, and they forgot the most crucial part of it, assisting small businesses.”

The bank submitted over 100 applications for the first round and is prepared to double that figure for the second round. The total amount of granted loans in the first round was $16.5 million, Loor said.

The bank doesn’t have a lending cap in place, Loor said. “At this point, our priority is to be of assistance to our community. We are happily accepting applications from existing and non-existing clients.”

The bank is headquartered at 777 SW 37th Avenue, Suite 700, Miami and its phone number is (305) 648-8800.

You May Also Like
Clamor Grows for More PPP

Anticipation is growing for Congress to free up another batch of PPP loans for small businesses as part of additional legislation to respond to the economic fallout from the COVID-19

Read More
Heroes of the Pandemic

By Clarissa Buch and Sally-Ann O’Dowd • photography (where indicated) by Eduardo Schneider “It’s so terrifying because as a pregnant female, I’m considered immuno-compromised. If I get infected, my immune

Read More
Business as usual

In the aftermath of our spring feature on how companies were dealing with the shutdown, businesses from all over South Florida continue to share their pandemic stories with SFBW. Here

Read More
Business as usual

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column width=”2/3″][vc_column_text] By SFBW editorial staff Kevin Sheehan Jr. President, Bahamas Paradise Cruise Line Business backstory: The only two-night cruise sailing from the

Read More
Other Posts
Stanley Cup Champion Aleksander Barkov Scores Off the Ice

His charity work helps benefit children at South Florida hospitals.

Read More
Barkov
Amerant Bank Appoints Jesse Flowers as Palm Beach Market President

The company plans to open its third Palm Beach banking center and regional office set to open in 2025.

Read More
Amerant Bank Jesse Flowers
Inaugural Eudēmonia Summit in West Palm Beach Focuses on Health and Well-Being

The creators of Wanderlust Festival launched the event.

Read More
Eudēmonia summit

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.