The Small Business Administration’s Paycheck Protection Program was immensely popular in 2020, so it was little surprise that its return dominated headlines when the federal government passed the Consolidated Appropriations Act late last year. The focus on PPP overshadowed several changes that were implemented to the SBA’s 7a loan program, which had been the agency’s…

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Thanks in large part to the federal Paycheck Protection Program (PPP), 2020 turned out to be a record-setting year for Tampa-based First Citrus Bank. On Monday, in a press release announcing its fourth-quarter financial results, the bank said its year-to-date earnings, at just over $4.9 million, were the highest on record. The fourth quarter was…

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TAMPA, FL., January 25, 2021 – First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, has released its financial results for the fourth quarter of 2020. December 31, 2020, YTD earnings were the highest on record after the fourth quarter produced the strongest quarterly earnings performance in company…

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In the coming weeks, banks will once again start accepting applications for Paycheck Protection Program loans — and most of Tampa Bay’s biggest lenders will be back for more. The program, which is administered by the Small Business Administration, first launched in early April last year. Funded by the Coronavirus Aid, Relief and Economic Security…

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