As an expert in commercial financing and cash flow management, Ambro Blackwell knows what it takes to attract financing for a new small business. He distills decades of valuable insights in his book, Small Business Loans Made Simple: Revealing Insider Secrets and Strategies For Established Businesses. “Every business can use capital, but most small business owners struggle … [More]
Phoenix-Based Community Bank Launches Mortgage Division, Names Leader
With the launch of the Mortgage Division team, led by Steven Zielsdorf, the VP, Director of Residential Mortgage Lending, Integro Bank continues to position themselves as one of the few community banks in Arizona that is small business-focused and offers mortgage solutions that meets the needs and challenges small business owners face when purchasing a home. Almost four in … [More]
Arizona Is Exclusive Initial Market for 1% Down Home Loans by Lender
Zillow Home Loans announced its 1% Down Payment program to allow eligible home buyers to pay as little as 1% down on their next home purchase. This program is initially being offered on properties located in Arizona, with plans to expand to additional markets. With the 1% Down Payment program, borrowers who qualify can now save just 1% to cover their portion of the down payment … [More]
Valley Bank Rolls Out New Banking Services Specifically Designed for Nonprofits
Stearns Bank N.A. recently launched its Nonprofit Banking Solutions, a suite of customized banking services and financing options designed specifically to meet the unique needs of nonprofits. Stearns Bank's Nonprofit Banking Solutions was developed to benefit its fast-growing, diverse nonprofit customer base across the nation, inspired in collaboration with its third-party … [More]
$100,000 Grant Fund for Metro Phoenix Black Women Entrepreneurs Announced
The Tempe Chamber of Commerce Foundation and Wells Fargo are collaborating to offer a grant fund of $100,000 to support Phoenix-area Black women entrepreneurs. The grant will open August 22nd and close at 5 p.m. on September 22, 2023. Applicants can apply online here. The grant is poised to assist Black women-owned business owners to develop and grow their businesses.“The … [More]
Increased Financing Costs Top the List of Credit Concerns for Small Business Owners, Says Survey
NFIB’s Research Center released a follow-up survey following NFIB’s first banking survey released earlier this year. This survey asked small business owners about their banking activities and their experience in accessing credit. The survey was conducted by email from July 20-26, 2023. “The health of the financial system is essential to small business operations,” said Holly … [More]
Electronics Manufacturing Co. Gets $20M from Phoenix-Based Capital Firm
Trinity Capital Inc., a leading provider of diversified financial solutions to growth-stage companies, announced the commitment of $20 million in growth capital to MacroFab, the comprehensive manufacturing platform for building electronics from prototype to high-scale production. MacroFab oversees an impressive network of more than 100 factories throughout North America. … [More]
ASU W. P. Carey School of Business and Phoenix Union Launch Financial Literacy Partnership
As Camelback High School students return to school this fall, 150 of them will complete a new program focused on improving financial literacy. The new partnership between Phoenix Union High School District (PXU) and the W. P. Carey School of Business hopes to boost practical financial knowledge in young people, leading toward better financial outcomes for students and their … [More]
How New SBA Loan Rules Affect Small Businesses
With 2023 already halfway over, small businesses are looking for help to grow to end the year on a strong note. As of July 2023, the Small Business Administration has approved more than 40,000 SBA loans worth more than $19 billion. As a local small business expert and owner of Phoenix FranNet, I'm here to discuss what impact these loans will have in the local market regarding … [More]
Level Up!
Investing can be a daunting and intimidating subject, but it doesn’t have to be. This book takes a fresh approach to personal finance and self-development that’s both accessible and engaging. Using video game analogies to explain complex financial concepts in a way that’s easy to understand, regardless of the reader’s background or level of experience. Investing is changing … [More]
Funds Available for Small Businesses to Go ‘Green’
As our country prepares to spend billions of dollars in new funding on environmental efforts, America is sitting on a gold mine in the fight against climate change, and we need to do something about it. The opportunity lies with small businesses. Many small-business owners want to be more environmentally friendly — and all are interested in saving money. Implementing … [More]
Lending Partnership Launches New Assistance Program to Grow Black Homeownership in the U.S.
BMO announced the launch of a new Homebuyer Assistance Program for graduates of Historically Black Colleges and Universities (HBCU) and Predominantly Black Institutions (PBI), in partnership with the National Association for Real Estate Brokers (NAREB), a trade organization and network of Black real estate professionals. BMO and NAREB will work to increase homeownership in … [More]
Upcoming Changes Make Getting a Commercial Loan a Priority Now
Small business owners who have been on the fence about seeking a commercial loan may want to take notice of some changes that are about to take place in the financial world. Our Soldiers Corp (OSC) is warning that now is the best time to get a commercial loan due to those upcoming changes. Those who do not act now may have a more difficult time securing the funding later … [More]
Holmes Murphy Names Vice President for Property Casualty Division
Holmes Murphy is excited to announce that Amy Tanny has joined the organization as a Vice President of Property Casualty. In this role and as part of Holmes Murphy’s Placement team, Tanny will be focused on helping the company win new business, supporting the team as a resource for client renewal placements (a new resource for the enterprise), and assisting with Holmes … [More]
Father-Son Team Joins LPL Financial to Launch Scottsdale-Based Advisory Firm
LPL Financial LLC announced that financial advisors Larry Lytle and Zach Lytle have launched an independent practice, Wiser Advisor Group, LLC, and joined LPL Financial’s broker-dealer, RIA and custodial platforms. The advisors reported having served approximately $130 million in advisory, brokerage and retirement plan assets* and join from RBC Wealth Management. Based in … [More]
OneAZ Credit Union Names New CEO
OneAZ Credit Union is proud to announce that Brandon Michaels has been named President & CEO following the retirement of Kim Reedy, President & CEO. Brandon arrives at OneAZ with nearly 20 years of executive leadership experience in the credit union industry. He’s previously served as President & CEO at two credit unions. His visionary leadership elevated those … [More]
Their Take: A Broader Banking Solution for Arizona’s Cannabis Industry Would Promote Growth
Arizona private banks and credit unions are not offering lending or line of credit services to cannabis industry players and those that do, require significant red tape to offer any type of credit. As such, operators cannot borrow against inventory or set up short term lines of credit to manage cash flow. In addition, the major credit card processors and online payment … [More]
SBA Announced New Lender Improvements Expanding Access to Capital
Following the recent finalization of two new rules aimed at closing gaps in capital access for America’s small business owners, the U.S. Small Business Administration (SBA) announced streamlined lender procedures and other details on implementation. "The Biden-Harris Administration recognizes that small businesses are the drivers of our economy, and that to participate in … [More]
