Paradise Bank Continues to Be a Leading Small Business Lender

BOCA RATON, Fla.--(BUSINESS WIRE)--Paradise Bank continues its success of extending loans to local small businesses. In 2012, Paradise Bank approved and closed over $25,000,000 in loans guaranteed by the Small Business Administration (SBA). “We are proud of our continued successful efforts of SBA lending because it is beneficial to the local business community and the economy as a whole,” says Bill Burke, President and COO of Paradise Bank.

“We are proud of our continued successful efforts of SBA lending because it is beneficial to the local business community and the economy as a whole”

SBA loans can provide up to 90% loan-to-value and terms extending to 25 years at competitive rates. “SBA loans help banks offer enhanced terms that may not be available through conventional commercial lending,” according to Kevin Rafferty, Senior Vice President, SBA Loan Operations at Paradise Bank.

“The economic recovery depends on healthy local businesses and Paradise Bank is proud to support our community by being one of the most active SBA lenders in Florida, in addition to our conventional commercial lending,” says Ward Kellogg, Chairman of Paradise Bank.

Paradise Bank is a locally owned community bank with its main office at 2420 North Federal Highway in Boca Raton and branch offices at 1351 North Federal Highway in Delray Beach and 640 North Federal Highway in Fort Lauderdale. For additional information, please call us at 561-392-5444 or check our website at www.ParadiseBank.com. Member FDIC and Equal Housing Lender.

"This information contains 'forward-looking statements' within the meaning of the federal securities laws. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Forward-looking statements involve known and unknown risks, on certainties and other factors, which may be beyond our control or which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements."