Amerant Provides Support to the Community Fund of North Miami-Dade to Help Micro-Businesses

Amerant Bank, one of the largest community banks in Florida continues to lend support to organizations providing micro-grants to local small businesses in need of financial assistance.


Most recently, Amerant partnered with the Community Fund of North Miami-Dade (CFNMD), an organization that has been actively involved in providing technical assistance and funding to micro and small businesses in the area, helping them become better equipped and prepared to face these challenging times.



The Community Fund of North Miami Dade, is a Community Development Financial Institution (CDFI) and a subsidiary of the Opa-Locka Community Development Corporation, that assist distressed and under-resourced communities throughout Miami-Dade County. The CFNMD does this by providing funds through affordable loans and skills-based training to small businesses that have limited resources and that lack eligibility required to obtain traditional financing or loans.


As a hyper-local, community-based institution, the CFNMD aims to help drive economic

development by helping small business owners and entrepreneurs who otherwise would be

unable to get loans through major banks and financial institutions. For example, while many

local businesses are able to obtain PPP loans as well as other types of financial assistance and government programs, many mom and pop shops do not meet the requirements to receive loans.


“We are very proud to provide financial assistance to The Community Fund of North Miami

Dade,” said Millar Wilson, Vice-Chairman and CEO of Amerant Bank. “The small businesses of our community make up our DNA, so helping them during these critical times is important to us as South Florida recovers and ensure economic vitality at a local level, one community at a time.”


Small businesses in Miami make up more than 50 percent of the workforce and while several

businesses in the community have struggled to stay open, organizations like The Community

Fund of North Miami Dade generate opportunities and contribute to the needs of small

businesses so that they may continue to operate and stay afloat in times of crisis.


“Business ownership is a path to wealth-building, particularly in Black and brown communities where people of color are oftentimes stifled by growth in the established business industry,” said Nikisha Williams, Chief Operating Officer, Community Fund of North Miami-Dade. “With Amerant’s support, we are helping those oft-forgotten businesses manage through the pandemic and providing them with the support they need to get through these difficult times in order to stabilize their operations and reopen their shops.”


For more information on the Community Fund of North Miami-Dade programs and services, please contact smallbiz@cfnmd.org or 305-687-3545 ext.238. The CFNMD is also on Facebook and Instagram at @TheCFNMD.


For additional information on Amerant, please visit www.amerantbank.com and follow the

Company on Instagram at @AmerantBank, and Facebook at

https://www.facebook.com/AmerantBank/.


###



About Community Fund of North Miami-Dade

The Community Fund of North Miami (CFNMD) is a certified Community Development Financial Institution (CDFI), providing small businesses and entrepreneurs in Miami-Dade County, Florida, with affordable business loans and skills development services -. As a subsidiary of the Opa-locka Community Development Corporation, the CFNMD’s mission is to utilize resources derived from the public and private sectors to assist underserved communities through lending and investing. The CFNMD is primarily focused on housing, real estate development and small business industries.



About Amerant

Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida. The Company operates through its subsidiaries, Amerant Bank, N.A. (the “Bank”), Amerant Investments, Inc., Amerant Trust, N.A, and Elant Bank and Trust Ltd. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit and wealth management services. The Bank, which has operated for over 40 years, is one of the largest community banks headquartered in Florida. The Bank operates 25 banking centers – 18 in South Florida, 7 in the Houston, Texas area, and loan production offices in Dallas, Texas, and New York, New York. For more information, please visit

www.amerantbank.com or https://investor.amerantbank.com.

CFNMD Logo White.png

490 Opa-locka Blvd. Suite 20 • Opa-locka, FL 33054

© 2020 by The Community Fund of North Miami Dade

facebook white circle.png
instagram circle white.png
white circle twitter-logo-button.png