Amerant Bank Partners with Innovation Refunds to Offer Financial Solutions Through the Employee Retention Credit (ERC) Program
The bank’s small and medium-sized business customers
can access the federal ERC program
CORAL GABLES, FL – Amerant Bank, the largest community bank headquartered in Florida, has partnered with Innovation Refunds, a financial technology company that assists small and medium-sized businesses to obtain cash incentives through the federal Employee Retention Credit (ERC) program.
The Employee Retention Credit (ERC) is a refundable tax credit against certain employment taxes, equal to 50% of the qualified wages an eligible employer pays to employees. The program was created to assist companies that have been negatively impacted by the pandemic.
Innovation Refunds began providing its services in 2020. Since then, it has been able to provide financial solutions to thousands of companies, with billions in cash refunds available for small and medium-sized businesses.
“We are very pleased to partner with Innovation Refunds and continue providing financial solutions to our business clients,” said Yvonne Boucugnani, First Vice President, Head of SBA Lending. “Because we have such strong relationships with our clients, this new option creates a path to either stabilize an enterprise or help it continue growing.”
“We are excited to partner with Amerant Bank and potentially assist hundreds of small businesses in Florida obtain millions of dollars in government incentives through our turnkey service,” said Howard Makler, Innovation Refunds CEO and Founder. “Amerant truly understands the needs of their customers and have been a pillar of the community for more than 40 years.”
For more information about Amerant Bank, visit amerantbank.com and follow on Facebook, Twitter, Instagram and LinkedIn @AmerantBank. To learn more about Innovation Refunds, visit https://www.innovationrefunds.com/.
About Amerant Bank
Amerant Bank, N.A., is the largest community bank headquartered in Florida and the main subsidiary of Amerant Bancorp Inc. (NASDAQ: AMTB), with a presence across South Florida and in Tampa, FL, and Houston, TX. The bank has been serving clients for over 40 yearsand comprises subsidiaries Amerant Investments and Amerant Mortgage. Rooted in the communities it serves, Amerant Bank supports numerous non-profit, charitable and arts organizations. For news and updates, visit the Amerant Newsroom.