MIAMI--(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.
"We are honored to receive this recognition by an esteemed community partner," said Bernie Navarro, Founder and President of Benworth Capital. "Benworth strives to represent the legacies of resilience and community-building that our immigrant community has always embodied. We are proud to support the dreams and aspirations of today's entrepreneurs and investors through accessible and flexible financing solutions."
Senator Marco Rubio, a leader in the Senate’s Committee on Small Business and Entrepreneurship, was the keynote speaker at the annual LBA conference in Miami, Florida. Said Senator Rubio, “Florida is a state where entrepreneurialism thrives, and I applaud the Latin Builders Association for recognizing those who are making a real difference in supporting our small business community. Through their hard work and commitment in the LBA ecosystem, local lenders and business leaders are helping entrepreneurs create jobs, grow their businesses, and contribute to our shared prosperity. This award symbolizes that together, we are building a brighter future for all Floridians.”
"Founded over 50 years ago, the LBA plays an important role in driving economic growth and uplifting our Florida communities," said State Attorney for Miami-Dade County Katherine Fernandez Rundle. "Their commitment to working with lenders to provide housing and access to capital, especially for underrepresented groups, has been a driving force in our progress. Congratulations to the LBA and this year's recipients for making a lasting impact in the prosperity of all Floridians."
To learn more about Benworth Capital's lending solutions, visit www.benworthcapital.com.
ABOUT BENWORTH
Benworth Capital is a premier lender catering to residential and commercial mortgages, along with construction projects in Florida. Established in 2008, during the aftermath of the global financial crisis when traditional banks were closing their doors, Benworth Capital emerged as a vital alternative for borrowers. During the COVID-19 pandemic, Benworth made over $4.5 billion in federal government lending to 311,000 community small businesses and entrepreneurs. Renowned for its swift approval process and customer-centric service, the company has become among the most trusted private lenders in Florida. Expanding its footprint, Benworth Capital opened an office in San Juan, Puerto Rico, in 2021. For more information, visit www.benworthcapital.com.
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