Thursday, June 25, 2015

South Florida banks lag in small business lending

Most South Florida-based banks aren’t keeping up with other banks in the state and across the nation in terms of small business lending, according to a new analysis from Miami-based K. H. Thomas Associates. Florida is the third largest state in terms of small businesses, with more than 2 million businesses that employ 3 million workers, says its report. But the biggest obstacle to starting small businesses is lack of financing, and among South Florida-based institutionsbin 2014 for SBA loans relative…

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