One Source Business Capital Closes $5.1 Million Loan

FORT MYERS, FL (February 16, 2021) – One Source Business Capital’s (OSBC) bridge loan program recently closed a loan for $5.1 million for an oceanfront inn/spa/restaurant on Maine’s coast. This business was exiting Chapter 11 and taking advantage of a discount, so they needed to close the loan in 10 days. OSBC was able to secure…

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One Source Business Capital Launches New Website

FORT MYERS, FL (February 15, 2021) – One Source Business Capital (OSBC) is pleased to announce the launch of its redesigned website that provides a fresh new stylish, and professional appearance while also enhancing the user experience. Those seeking to work with OSBC for commercial lending and working capital can learn about these services and more…

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Neal Communities hires Brian McGrath as sales associate at Verandah

LAKEWOOD RANCH, Fla. (February 15, 2021) – Neal Communities, Southwest Florida’s premier, private homebuilder, has welcomed Brian McGrath to its team as sales associate at Verandah in Fort Myers. McGrath has worked in the real estate industry in Southwest Florida since 2015, most recently as a real estate professional at eXp Realty. He also spent five…

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Beraja Medical Institute joins Quigley Eye Specialists

FORT MYERS, FLA., February 2, 2021 — Quigley Eye Specialists has partnered with Beraja Medical Institute (BMI) and Douglas Surgery Center (collectively “BMI”), a South Florida leader in the diagnosis and treatment of vision disorders. Beraja Medical Institute has been providing care to Miami-Dade County for over 30 years and now joins 19 other locations under Quigley Eye Specialists ownership in Florida.  This partnership will establish Quigley Eye Specialists’ presence in Miami-Dade…

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National and Local Community Lenders Announce Multi-Million Dollar Fund to Support Small Business and Nonprofit Recovery Across the South

The Southern Opportunity and Resilience (SOAR) Fund aims to support the recovery of small businesses and nonprofits with access to flexible, affordable capital and free business support services across 15 southern states  March 3, 2021 – A diverse group of community finance organizations today announced the Southern Opportunity and Resilience (SOAR) Fund, which aims to raise…

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Energy Efficient Commercial Buildings Deduction Made Permanent

By Stan Babicz Principal CLA T. 414.721.7631 Email Key insights The Energy Efficient Commercial Buildings Deduction (Section 179D) was made a permanent component of the Internal Revenue Code by the Consolidated Appropriations Act, 2021. Section 179D deductions are now indexed for inflation for taxable years beginning after 2020. Baseline standards were raised to the most recently…

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The Lodge at Cypress Cove Selects First AIT Program Candidate

(Fort Myers, FL – February 26, 2021) – The Lodge at Cypress Cove, one of Southwest Florida’s premier skilled nursing and rehabilitation communities, has been given approval for the appointment of Ms. Tily Sayeh as the healthcare community’s first Administrator in Training (AIT) intern. The acceptance of Ms. Sayeh by the Florida Board of Nursing…

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NIOSH Director Dr. John Howard to Discuss Future of Work, COVID-19, and Worker Safety at WCRI Conference

Cambridge, MA, Feb. 24, 2021 ― The National Institute for Occupational Safety and Health (NIOSH) Director John Howard will deliver a keynote on the future of work, COVID-19, and worker safety at the end of the second day of the Workers Compensation Research Institute’s (WCRI) 37th Annual Issues & Research Conference, held virtually March 23 and 24, 2021. “We’re excited…

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How to Tackle Unresolved First and Second Draw PPP Loan Issues

By Matthew Rambaran, Manager CLA T. 267.419.1145 Email Key insights Certain 2020 first draw PPP loans were flagged with hold codes after SBA review. An unresolved hold issue does not prohibit a borrower from receiving a second draw loan, but it may affect the timing of a second draw funding. If you have an unresolved…

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