Our Banks at Work for Collier County Businesses!
05/22/2020
** Bank of America **
Paycheck Protection Program
(Updated May 20, 2020)
Bank of America has funded 2,422 loans locally for $152 million with average loan size of $62k.
** First Florida Integrity Bank **
Paycheck Protection Program
(Updated May 20, 2020)
First Florida Integrity Bank has processed 1,649 loans locally for $186 million.
This probably had a positive impact on 24,000 individuals’ paychecks for 2 months.
75% of the approved loans are for less than $100,000, with a median loan amount of $33,000.
First Florida Integrity Bank is still processing new applications but the volume has decreased significantly.