TLDR:
- Locality Bank offers SBA funding for startups, with $52 billion provided to small businesses in 2023.
- Locality Bank has SBA Preferred Lender status, SBA Express authority, and is part of the SBA’s Lender Match Program.
In an article by Riley Kaminer, the importance of Small Business Administration (SBA) funding for startups is highlighted, with Locality Bank in Fort Lauderdale offering support in navigating the world of SBA loans. Ana Ihrig, the Director of SBA Operations at Locality Bank, emphasizes their commitment to assisting small businesses, with the bank being designated as an SBA preferred lender and having SBA Express and SBA Export Express authority. This allows Locality Bank to provide SBA-guaranteed working capital lines of credit with less stringent requirements.
The article also mentions Locality Bank’s focus on technology, with CEO Keith Costello emphasizing a digital-first approach and continuous upgrades in technology. The bank has experienced significant growth and aims to offer a unique experience to businesses in South Florida. Despite being digital-forward, customers can still have direct access to decision-makers at Locality Bank, reinforcing the bank’s commitment to a local approach combined with tech innovation.
This article sheds light on the importance of SBA funding for startups and how Locality Bank is playing a crucial role in supporting small businesses with access to capital and innovative technology solutions.
