Bank of the Ozarks Provides $50,000 to Accion in Florida for Small Businesses Hurt by Hurricane Irma
December 05 2017 - 11:16AM
Business Wire
Bank of the Ozarks has awarded Accion in Florida a $50,000 grant
to assist small businesses in Florida hurt by Hurricane Irma. The
funds will be used to expedite loans, primarily to
low-to-moderate-income small business owners in South, Central and
North Florida where Hurricane Irma’s devastation was the greatest
and where Accion has relief efforts and the strongest reach.
“Bank of the Ozarks understands the importance of small and
micro businesses as a source of family financial security, job
creation and community economic revitalization,” stated Angela
Hudson, Director of Community Responsibility at Bank of the Ozarks.
“Partnering with Accion to assist financially vulnerable business
owners recover from the devastation caused by Hurricane Irma
enables these small businesses to continue providing services, jobs
and economic growth in Florida,” Hudson added.
Bank of the Ozarks has 44 offices in Florida.
ABOUT BANK OF THE OZARKSBank
of the Ozarks (NASDAQ: OZRK) is a regional bank providing
innovative financial solutions delivered by expert bankers with a
relentless pursuit of excellence. Bank of the Ozarks has been
recognized as the #1 performing bank in the nation in its asset
size for seven consecutive years. Headquartered in Little Rock,
Arkansas, Bank of the Ozarks conducts banking operations through
252 offices in Arkansas, Georgia, Florida, North Carolina, Texas,
Alabama, South Carolina, New York and California and had $20.77
billion in total assets as of September 30, 2017. Bank of the
Ozarks can be found at www.bankozarks.com and on Facebook, Twitter
and LinkedIn or contacted at (501) 978-2265 or P.O. Box 8811,
Little Rock, Arkansas 72231-8811.
ABOUT ACCIONA nationwide
lender with deep community roots, Accion creates economic
opportunity by partnering with small business owners to provide
access to capital and the business support they need to create and
grow healthy enterprises and contribute to thriving local
economies. Since 1991, Accion has lent over $500 million to more
than 59,000 businesses and provided more than 520,000 entrepreneurs
with advising services. In Florida, Accion has a 15-year track
record of success, growth and impact serving the most vulnerable of
small businesses across the State. Accion is the leading
microlender for small businesses in Florida, having invested over
$20 million in them since 2003. One-third of all microloans
disbursed in the state come from Accion. For more information on
Accion small business loans in the United States, please visit
us.accion.org.
ABOUT HURRICANE IRMA RELIEF PROGRAM AT
ACCIONFunds will allow Accion to help affected small
business owners in Florida with capital from $500-$50,000 at a
reduced rate of 4.99%, along with additional underwriting
flexibility and no payments for the first three months. Funds help
small business owners recover lost inventory, replace equipment,
and meet other working capital needs to keep their doors open. For
more information on the program or to refer a small business in
need, contact Fabiana Estrada, Director of South Florida Lending at
Accion at 305-699-0985.
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Bank of the OzarksSusan Blair, 501-978-2217
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