AI Startups Raised $73.4B in Total Funding, Over $15B of Investments in 2020

StockApps

As one of the hottest sectors, artificial intelligence continues revolutionizing and automating industries worldwide, transforming how companies operate, manage their finances, build customer relations, and gather and analyze data. The rise of artificial intelligence technology has been followed by the growing number of AI startups looking to expand their business by … [More]

Local Lending Co. Closes $5M for California-Based Staffing Firm

FSW Funding

A long-standing California-based staffing company was having issues with their current lender and was seeking a more partnered relationship.  Many issues were raised in their current financing arrangement and the owners felt that it was time to make a change.  While there were many competitors at the table, FSW Funding emerged as the best fit and was a lender that could meet … [More]

Survey Shows 95 Percent of U.S. Households Were Banked in 2019

Federal Deposit Insurance Corporation

A record 95 percent of U.S. households had a bank or credit union account in 2019, according to a new biennial survey and report released today by the Federal Deposit Insurance Corporation (FDIC).  How America Banks: Household Use of Banking and Financial Services also found that a record low 5.4 percent of U.S. households were unbanked in 2019. Since 2009, the FDIC has … [More]

City of Tempe Opens Grant Program to Businesses in Industries Most Impacted by COVID-19

City of Tempe

The City of Tempe is providing businesses in industries most impacted by the effects of COVID-19 with grants up to $10,000*. The Tempe Small Business Grant Program will provide qualifying businesses with $1,300 per full-time employee up to a maximum of $10,000, whichever amount is less. The City of Tempe established the program to assist in the stabilization of existing … [More]

BBB Pacific Southwest Awards Small Businesses With Much-Needed Grants

BBB Serving the Pacific Southwest

Vulnerable small businesses, working families, women-owned businesses and communities of color continue to be severely impacted by COVID-19. In April, the Main St. Matters Grant Program was launched by Better Business Bureau Serving the Pacific Southwest (BBB) to support local businesses experiencing financial hardship. The program awarded 24 additional grants in September, … [More]

Green Light for Arizona’s First New Community Bank in 12 Years

Scottsdale Community Bank

Scottsdale Community Bank (in organization) has received conditional approval from the Federal Deposit Insurance Corporation (FDIC) to establish Arizona’s first new community bank in 12 years. “This is a very exciting achievement for our outstanding organization and is a strong signal for positive economic development in the City of Scottsdale and the State of Arizona, … [More]

Nonprofit Housing Counseling Agency Provides Guidance to Arizona Residents Looking to Purchase or Rent a Home

Take Charge America, Inc.

In response to ongoing economic impacts of COVID-19, Phoenix-based Take Charge America has made its one-on-one housing counseling services free through the end of October. “Whether facing eviction, shopping for a home in a tight market or experiencing anxiety about foreclosure or mortgage default, people are experiencing a wide range of struggles related to … [More]

Are You Thinking of Selling Your Business? 4 Steps to Get Your Small Business Ready for an Investor

by Edgar R. Olivo

Cashing out or retiring during the pandemic is a real consideration that small-business owners have to face as they worry it will be more difficult in the years to come. The good news is that many investors are always looking for opportunities, especially during difficult times. According to a report by BizBuySell, many essential businesses have seen their revenues and … [More]

Only Arizona-Based Credit Union Named SBA Preferred Lending Partner

Arizona Federal Credit Union

Arizona Federal Credit Union announced today it has been designated an SBA Preferred Lending Partner (PLP) by the U.S. Small Business Administration, and is the only Arizona-based credit union with SBA PLP status. As an SBA preferred lender, Arizona Federal has the authority to approve its SBA-guaranteed loans, which simplifies and expedites the SBA-loan approval process for … [More]

BBB Pacific Southwest Continues to Award Vital Grants to Small Businesses 

BBB Serving the Pacific Southwest

As reopening orders slowly come into effect across state lines, businesses continue to face financial strains until some form of normalcy exists. Better Business Bureau Serving the Pacific Southwest (BBB) has awarded an additional $21,500 through its Main St. Matters Grant Program to businesses experiencing hardship, bringing the total to over $100k granted since its … [More]