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Luis Toledo: Negocios Now’s Business of the Year-2021

Luis Toledo, foundador de Midwest Moving & Storage fue seleccionado para el premio “Business of the Year Award” que recibió durante la Gala de Negocios Now, celebrada recientemente en Oak Brook. A continuación un artículo publicado por Negocios Now acerca del empresario

 

Luis Toledo: “Mi mejor consejo, tener una buena relación con un banco”

Cuando Luis Toledo escuchó del Plan de Protección de Pago (PPP), vio el cielo abierto, como reza el viejo refrán. Y es que, tal como le ha sucedido a prácticamente la mayoría de los empresarios, con la llegada de la emergencia sanitaria por el coronavirus, su situación se tornó preocupante ante la incertidumbre de “no tener suficientes fondos para sobrevivir”. 

Razones de peso tenía el fundador de Mid-West Moving & Storage para sentirse de tal modo. Tanto él como sus 40 empleados sabían que no iba a ser fácil salir airosos, “porque somos un negocio estacional”. Al trabajar directamente con bienes raíces, y dada la paralización de las actividades en ese sector a causa del COVID-19, Toledo asegura que, realmente, no sabían cómo iban a salir adelante durante estos meses de cierre. 

Fue en medio de ese escenario que apareció el PPP, un programa que, básicamente, otorga financiación por ocho semanas, a fin de que los pequeños empresarios puedan mantener los gastos de nómina, así como otros estrechamente vinculados con la operación del negocio en sí.  

Hoy Toledo sostiene que, gracias al préstamo del PPP, no tuvieron que cerrar. “Wintrust Bank hizo un trabajo fabuloso. Tuve una conversación con mi banquero el domingo de Pascua, revisamos [los detalles] del préstamo y trabajaron 20 horas al día para obtener la aprobación”.

El ejecutivo detalla que su empresa tiene varias cuentas bancarias con dicha entidad y que, a partir de la solicitud del PPP, siempre estuvo informado por su banquero en cada paso del camino. “Nos consiguió los formularios, lo hizo todo por nosotros. Recibimos los fondos y ya estamos planeando usar el 75% para pagarles a nuestros empleados”.

Según Toledo, “el mejor consejo que podría darle a cualquiera [en una situación similar], es tener una buena relación con su banquero. Actualmente, su equipo de Mid-West Moving & Storage está trasladando contenido de las oficinas de la gente a las oficinas domésticas. Además, puntualiza, “hemos estado moviendo el equipo de protección personal para los hospitales en el estado de Illinois”.

En cuanto a los riesgos que representa el hecho de seguir operando bajo la epidemia, el ejecutivo resalta que “hemos implementado todo tipo de seguridad. Toda nuestra gente usa guantes, mascarillas faciales y desinfectante para las manos, que les proporcionamos. También hacemos pruebas de temperatura cuando vienen a trabajar”. Y aparte de eso, “estamos desinfectando todo el equipo en movimiento antes de que salgan”.

Teniendo en cuenta que la mayoría de sus trabajos “se realizan en mayo, junio, julio y agosto, solo cuatro meses”, el fundador de esta compañía de mudanzas y almacenaje concluye reconociendo que el PPP, en efecto, ha sido “crucial para mantener el negocio a flote”.

 

 

 

 

 

Wintrust Financial Corporation to Make Loans to Approximately 8,900 Small Businesses Through the Paycheck Protection Program

ROSEMONT, Ill., April 17, 2020 (HINA) — Wintrust Financial Corporation (“Wintrust” or “the Company”) (Nasdaq: WTFC) announced today that it secured authorization from the Small Business Administration (SBA) to fund nearly $3.3 billion in loans to approximately 8,900 small businesses through April 16, when the SBA announced that appropriations had been exhausted for the $349 billion Payroll Protection Program (PPP).

When the SBA announced that the $349 billion allocation had been fully allocated, Wintrust had secured authorization from the SBA to fund loans for approximately 99 percent of the client applications it had received and processed for approval. Wintrust has since notified and is working with those clients who didn’t receive loan authorization, mainly due to incomplete or ineligible applications, to help review other sources of relief that may be available to them.

Historically, Wintrust ranks as one of the largest SBA lenders in the communities it serves. For the PPP program, Wintrust secured approval of more than $2.5 billion in loans for approximately 7,500 small businesses in Illinois. It secured approval of over $263 million in loans for more than 850 small businesses in Wisconsin. The remaining approximately $500 million in loan approvals were secured for more than 500 small business borrowers with operations in other states around the country. The median loan size is approximately $87,500, and more than 4,500 loans, over half of the total number of PPP loans made by Wintrust, are for less than $100,000, demonstrating the relief provided by Wintrust community banks to very small businesses.

Edward J. Wehmer, Founder and Chief Executive Officer, commented, “Our clients and communities needed our help and we did our very best to earn the trust they placed in us. We have begun funding the loan applications that we received during the early days of the program, thus far funding nearly half of the $3.3 billion in approved loans. We look forward to completing the necessary documentation and funding the remaining loans as quickly as possible over the next few days.”

Wehmer continued, “These are difficult times for everyone. And while we could have never envisioned these specific circumstances when Wintrust was founded in 1991, one of our founding principles was to always answer the call of our communities when the time came and that is what we continue to strive to do. I hope that through our unprecedented efforts to fully engage as a PPP lender, we have been able to provide some peace of mind and comfort to participating small business owners and their employees for the coming months, and allow those small businesses that otherwise might have been forced to close the opportunity to re-open and hopefully flourish.”

Tom Huffman, Senior Vice President, Wintrust SBA Lending, stated, “In a little under two weeks, Wintrust administered nearly 50 times the number of SBA loan applications through the PPP program than we process in a typical year. Wintrust saw the reports that the $349 billion was close to being exhausted earlier this week. We made every effort, through around-the-clock work for days, to secure authorizations for the inquiries that were properly submitted. There are now reports that Congress may make a second appropriation for the PPP program. If that happens, we will be ready to serve our communities once again.”

At this point, the SBA is no longer accepting applications for the PPP, and accordingly, Wintrust is not accepting PPP applications at this time. Wintrust encourages those who did not apply for the PPP, but may want to if additional funding is appropriated, to watch wintrust.com and the SBA website for further developments. Wintrust would also urge small businesses in need to investigate other potential funding options, via the SBA or other government agencies who may have a program for which they qualify.

Wehmer concluded, “I again want to thank the entire Wintrust team for their momentous efforts. It was amazing to witness the challenges they overcame and accomplishments they achieved to serve our clients and communities.”

For additional and current information on how Wintrust and its affiliate charter banks are responding to the coronavirus click here.

About Wintrust
Wintrust is a financial holding company with assets of over $36 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the “HAVE IT ALL” model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 180 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.

Forward-Looking Information
This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and actual events or results may differ materially. Wintrust’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in Wintrust’s most recent Annual Report on Form 10-K and in any of the Company’s subsequent SEC filings. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

FOR MORE INFORMATION CONTACT:
Edward J. Wehmer, Founder & Chief Executive Officer
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Web site address: www.wintrust.com

 

Wintrust adquiere Countryside Bank

Wintrust Financial Corp., con sede en Rosemont, anunció que adquirirá SBC, Inc., la empresa matriz de Countryside Bank, en una transacción valorada en alrededor de $90.5 millones de dólares. Se espera que el acuerdo se cierre en el cuarto trimestre de 2019.

Countryside Bank opera seis oficinas en Countryside, Burbank, Darien, Homer Glen, Oak Brook y Chicago, con activos de alrededor de  $600 millones, de elloas $411 millones en préstamos y aproximadamente $509 millones en depósitos, comunicó la compañía.

El presidente y CEO de Wintrust, Edward J. Wehmer, dijo que la adquisición permitirá a la compañía ampliar su red de bancos comunitarios a los suburbios del oeste.

“Countryside Bank tiene una gran reputación por brindar un excelente servicio al cliente utilizando un enfoque de banca comunitaria”, dijo Wehmer. 

“Esperamos continuar con esa tradición”.

“Más de veinticinco años, y más de 150 sucursales, nos hemos mantenido fieles a esa misión original. Creemos que todavía existe la necesidad y el deseo de un verdadero banco comunitario: donde los cajeros conocen a sus clientes por su nombre; Los banqueros se preocupan por los negocios locales porque los frecuentan; y el banco invierte en el vecindario porque en realidad es parte del vecindario”, comenta Wehmer en la página de la empresa.

Wintrust opera 15 subsidiarias de bancos comunitarios con más de 160 ubicaciones en el area metropolitana de Chicago y sur de Wisconsin. La compañía también opera varias unidades de negocios no bancarias en los Estados Unidos y Canadá.