Benworth Issued $4.5 billion in Essential Economic Assistance to Businesses and Workers During COVID-19 Pandemic

MIAMI, October 03, 2024–(BUSINESS WIRE)–Benworth Capital, a Hispanic, family-operated, certified minority lender with offices in Florida and Puerto Rico, was named Lender of the Year at the Latin Builders Association (LBA) annual awards luncheon held on Friday, September 27th, 2024. The esteemed recognition emphasizes Benworth’s dedication to fostering economic growth and empowering Florida’s small businesses and diverse communities.

Established in 2008 amidst the financial crisis, Benworth has consistently provided vital capital for housing and construction projects when traditional financing options were limited. During the COVID-19 pandemic, Benworth worked tenaciously to deploy $4.5 billion in economic assistance for small businesses and workers. As the fourth largest lender by volume in the Small Business Administration’s Paycheck Protection Program (PPP), Benworth was able to help over 311,000 businesses obtain essential PPP relief and avert shutdown. Benworth Capital’s success is built upon a foundation of:

• Accessible Capital: Providing fast and flexible capital that enables borrowers to seize time-sensitive economic opportunities, such as buying a home or building a business.
• Proven Track Record: Funding high-needs residential housing across Florida and Puerto Rico, fostering economic development and job creation while contributing to the housing supply.
• Industry Expertise & Innovation: Continuously adapting to market trends and developing new lending solutions to meet the evolving needs of borrowers.

To continue reading click here.