Paradise Bank

Paradise Bank is a locally owned and operated community bank that was established in Boca Raton in 2005. Today, Paradise Bank is one of the largest, most proficient SBA lenders in South Florida.

Paradise Bank’s executive leadership team attributes that success to the quality of their top-rated lending team which is known for providing consistent quality service through their over 300 years of combined industry experience. 

“Over the past 30 years, we have partnered with countless entrepreneurs to help them achieve their dream of owning their own business as opposed to paying rent to someone else. We want to help all business owners do the same. Paradise Bank recently bought land at 3800 North Federal Highway in Boca Raton to create our own forever home right here in Boca Raton,” says Ward Kellogg, Chairman and Chief Executive Officer.

“To date, Paradise Bank has provided SBA loans to customers for varying types of business such as medical offices, warehouses, funeral homes, car washes, gas stations, marinas, self-storage, HVAC, restaurants, breweries, golf courses and more,” says Bill Burke, President and Vice-Chairman.

Kellogg adds, “When you find a building, and your business can occupy at least 51% of the space, reach out to us to begin qualifying for an SBA loan. This loan type includes business-friendly terms of up to 25 years with no balloon, 90% financing, inclusive of the cost of improvements and closing costs.”

Kevin Rafferty, EVP of SBA Lending and Director of Paradise Bank, explains, “Being a full-service commercial bank means we have an advantage over non-bank SBA lenders. Unlike them, we can create an entire package of financial services including lines of credit, cash management services, the latest in online banking, home mortgages and so much more.”

Adds Dennis Gavin, EVP Chief Credit Officer/Director: “In essence, we are a one-stop community bank. Our board and management consist of your neighbors who have lived and operated in this community for over 30 years. We understand your needs and treat you as a valued individual, not a number.”

Dave Englert, EVP Chief Business Development/Director, notes, “We are a collaborative, hardworking group of professionals dedicated to being the best in our industry. We are confident that when customers call, email or visit us, they immediately feel the Paradise Bank difference.” 

“We all look forward to the opportunity to fulfill your dreams of owning your own building that has your business’ name on the marquee,” says Bill Burke. 

Paradise Bank, Boca Raton, Delray Beach and Fort Lauderdale, 561-392-5444, paradisebank.com

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