First Green Bank earns approval to participate in Small Business Lending Fund, adds $4.8 million to loan small businesses

EUSTIS, Fla. --- First Green Bank, which has locations in Clermont and Eustis and plans to open a new headquarters facility in Mount Dora in October, has earned approval from the U.S. Treasury Dept. to participate in the Small Business Lending Fund which the Treasury Dept. administers.

Kenneth E. LaRoe, chairman and chief executive officer of First Green Bank, said the bank’s approval will make available $4.8 million to loan to qualified small businesses in the Lake County area.

The Small Business Lending Fund is a U.S. Treasury Dept. program to help community banks lend capital to qualified small businesses and to stimulate the local economy.

“Our approval to participate in the Small Business Lending Fund significantly enhances our ability to lend capital to growing small business enterprises,” LaRoe said. “The criteria for approval is very high and we are proud to have been approved to participate,” he added.