![]() With the worldwide crisis, many small Hispanic businesses, both in Illinois and other states, do not have any relationship with banks, which complicates their situation in times when it’s most needed.įirst Midwest Bank has a 5-employee division dedicated exclusively in building bridges with communities.įlores explained the team seeks to support organizations like the IHCC, which helps businesses with all the paperwork needed to apply for any program’s assistance. That’s why the IHCC’s work is so important, and that is the reason we trust them, Flores said. We often see minorities (basically, Hispanics and African Americans) not applying for any financial assistance not knowing how the process works or not receiving the proper advice. ![]() The First Midwest Bank executive explained that the IHCC is highly qualified to speak and listen to businesses, being an organization that acts with transparency and has a vast experience in supporting financial education for the Hispanic communities. ![]() In fact, Flores explained, businesses that did not gain access to federal funds before they were completed are on the list to continue the process now that Congress has approved a new extension. Vice President, Community Development Manager at First Midwest Bank, Lesly Flores, explained during the two-week period approved by Congress for the PPP program, many small businesses with less than 50 employees felt hopeless and ignored by some banks and desperately came to First Midwest for help.įirst Midwest Bank approached the IHCC and in a short time helped many small Hispanic business owners recommended by our organization to apply for the PPP, even if they were not clients. While large banks did not provide support to many small Illinois businesses trying to access federal funds to survive, one regional financial institution, First Midwest Bank, relied on the IHCC‘s work helping those most in need during the Coronavirus crisis.
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