United Midwest Savings Bank Facilitates SBA Loan To Innovative Minority Small Business

Livworx™ helps bridge the healthcare gap within minority communities
SAINT PAUL, Minn. - Oct. 7, 2020 - PRLog -- LivWorx LLC announced the completion of debt funding by the Small Business Administration (SBA) facilitated by the United Midwest Savings Bank (UMWSB). LivWorx LLC program content will be used to help close the disparity gap in minority health and care.  Here's why LivWorx LLC's LivPure™ program is needed now:
  • African Americans are more likely to die from heart disease, stroke, cancer, and asthma than white Americans.
  • African American women are up to four times more likely to die of pregnancy-related complications than white women.
  • Minorities are impacted by Diabetes:
    • 72% of African Americans are more likely to contract Diabetes.
    • 21% of Hispanics have Diabetes.
    • 40% of Asian Americans are more likely to be diagnosed with Diabetes than non-Hispanic white Americans.
  • 50% of Native American men are more likely to die from Prostate Cancer.
  • More recently, the COVID-19 crisis has highlighted these health disparities: studies show that minorities have been falling ill and dying from COVID-19 at higher rates than white Americans.
LivPure™ health management protocols will include a survey tool to determine each patient's propensity to take charge of their health.  This information will help to accurately put resources where they are most needed to achieve the best outcomes for that individual patient.  LivPure™ is based on the Patient Activation Measurement™ system that has been created by the University of Oregon and extensively researched with more than 500 studies and is utilized by CMS and NIH.

"Working with the United Midwest Small Loan program team, sometimes at 11 at night,  to secure this SBA financing was extremely helpful to the process, said Burgess Harrison," LivWorx CEO. "Their relationship with First Financial, my financial advisor, the SBA, and their own internal efficiencies proved invaluable to successful funding by the deadline of the CARES Act," continued Harrison.

"LivWorx is a great example of how to work effectively and efficiently through the paperwork-intensive SBA lending process," said Terry Crispen, SVP Small Loan Program, UMWSB. "LivWorx had its business plan and company information together and addressed all document requests quickly, which is what makes the SBA process flow smoothly and will accelerate their business launch," continued Crispen.

About LivWorx™ LLC. Minnesota-based minority-owned, LivWorx LLC, develops, designs, and deploys innovative healthcare programs to support the mission, goals, and objectives of providers and organizations. Find out more at http://www.LivWorx.com.

About United Midwest Savings Bank. United Midwest Savings Bank is a privately-owned, federal-chartered based in Columbus, Ohio. Since 1889, United Midwest has offered a varying range of banking and financial services to several community and business groups. We focus our services into four main categories: Business Lending, Consumer Lending, Residential Loans, and our Deposit Services. Our products, services, and expertise have the feel of a small community bank, but the reach of a national brand. For more information visit http://www.umwsb.com.

About First Financial. First Financial provides flexible and creative financing for its customers.  With 25 years of experience, and millions of dollars worth of loans funded to our valued clients, our team of highly trained professionals can structure both conventional, and highly sophisticated transactions to meet your business demands.  For more information please visit http://www.ffcash.net
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Tags:Health Disparity, Minority Health, United Midwest Savings, First Financial, Healthcare gap, Patient Activation Measure, Livworx, Sba
Industry:Health, Non-profit, Banking
Location:Saint Paul - Minnesota - United States
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