Bank Devoted to Helping Small Business Obtains State of Arizona Conditional Approval

inbusinessPHX.com

Integro Bank (In Organization) announced that it obtained conditional approval from the State of Arizona Department of Insurance and Financial Services to open a new bank devoted to helping small businesses. Among the conditions for opening the bank is a requirement to raise a minimum of $27.9 million in capital and for the bank to obtain regulatory approval from the Federal … [More]

First Community Bank in Arizona to Launch in More Than 14 Years Holds Grand Opening May 18

inbusinessPHX.com

Scottsdale Community Bank, the first new community bank in Arizona in more than 14 years, will hold a grand opening ceremony for its investors and special guests on May 18. Scottsdale Mayor David Ortega will speak. The Federal Deposit Insurance Corporation and the State of Arizona provided final approval to Scottsdale Community Bank effective January 10. Arizona has only 10 … [More]

Finding the Right Investments to Make Your Portfolio LGBTQ Friendly

inbusinessPHX.com

Anyone investing in the stock market hopes to see their portfolio's account balance grow, grow and grow some more. But these days many investors are interested not only in their financial return, but also about the values of the companies they invest in, such as how companies handle LGBTQ issues. For those investors, this raises the question: Is there a way to build an … [More]

Sarver Retires as Executive Chair of Western Alliance Board, CEO Signs on for Three Years

inbusinessPHX.com

Western Alliance Bancorporation today announced that Robert Sarver and Steve Hilton will be retiring from their respective roles as Executive Chairman and Director of the Board of Directors of the company and its principal subsidiary, Western Alliance Bank. Their Board terms will end at the company’s annual meeting of stockholders in June. Sarver has served as a director on the … [More]

Leading Valley Funding Group Sells Assets to Michigan Corp., Retains Team

inbusinessPHX.com

Oxford Commercial Finance Corp., a wholly owned subsidiary of Oxford Bank, is pleased to announce the acquisition of the assets of FSW Funding, and hiring their entire team today. Ms. Robyn Barrett, Owner and Managing Member of FSW Funding, will join the OCF team as SVP - Managing Director, Working Capital Division and lead that segment for OCF. CEO David Lamb commented “The … [More]

Banks and Credit Unions: Understanding the Differences

by Mike Hunter

Bank or credit union? That’s a question most will have when deciding where to begin their financial journey.  Credit unions are often misunderstood. In fact, some common misconceptions about credit unions are that strict requirements exist for membership and that credit unions don’t have up-to-date technology. Both may have been true in the past but are no longer the case. … [More]

Bank Introduces New ‘Welcome Home Grant’ Down Payment Program for Homebuyers in Phoenix

inbusinessPHX.com

With the start of the Spring homebuying season, BMO Harris Bank announced the launch of its new Welcome Home Grant down payment program in Phoenix, which offers grants to eligible borrowers to assist with down payment and closing costs. When paired with other programs offered by BMO, eligible borrowers can receive up to $24,500 in combined assistance.  With the help of these … [More]

When Global Events Disrupt Markets, Remain Alert to Opportunities

by François Sicart

The images flicker across our TVs, laptops or phones every day. Russia’s war in Ukraine continues. Some Ukrainian civilians flee while others take up arms against the invaders. The United States and other NATO nations contemplate how to help the Ukrainians without escalating the conflict into another world war. And all the while inflation remains high, supply chains face … [More]

Their Story: U.S. Bank Access Fund Helps Founder of African Market in Tempe

inbusinessPHX.com

Florence Amoako, founder of Ako International Market in Tempe, Arizona, just celebrated 20 years in business. She is one of the first to receive assistance through the via Phoenix-based Local Initiatives Support Corporation (LISC) and Retail, Arts, Innovation, & Livability Community Development Corporation (RAIL). Florence Amoako immigrated to the U.S. from Ghana in West … [More]

Kansas-Based Bank with Phoenix Branch Expands Restaurant Finance Group

inbusinessPHX.com

CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc. with a location in Phoenix, announced that it will expand its restaurant finance group that will focus on building trusted relationships with established and high-growth restaurant chains. The Bank hired Bobby Oliver to lead the restaurant finance group as Executive Director, Restaurant Finance Group. “CrossFirst … [More]

EN NEGOCIOS: Cuatro pasos para obtener capital para su pequeña empresa utilizando un ITIN

por Edgar R. Olivo

El acceso al capital es un camino que todo propietario de una pequeña empresa experimentará en un momento u otro. Y los propietarios de pequeñas empresas extranjeras también tienen un camino para obtener préstamos para iniciar y hacer crecer un negocio. Los números de identificación fiscal proporcionados por el Servicio de Impuestos Internos son la clave para atraer fondos para … [More]

Four Steps to Obtain Capital for Your Small Business Using an ITIN

by Edgar R. Olivo

Access to capital is a journey every small business owner will experience at one point or another. And foreign small business owners also have a path to obtain loans to start and grow a business. Tax ID numbers provided by the Internal Revenue Service are the key to unlock funding to help support a business dream. Traditionally, a social security number or employer … [More]

Credit Union Expands across Arizona through Acquisition of Bank

inbusinessPHX.com

Arizona Federal Credit Union announced that it has entered into a definitive agreement to acquire Horizon Community Bank, an Arizona state-chartered bank headquartered in Lake Havasu City, Arizona and wholly-owned subsidiary of Horizon Bancorp, Inc.  Horizon Community was founded in 2002 and currently operates six branches in Fort Mohave, Kingman, Lake Havasu City, Mesa, Parker … [More]

It’s Important for Small Business Owners to Open a Business Checking Account

by Kim Dees

Starting a business can come with multiple challenges, including money issues you might not anticipate. Financial hiccups often stem from lack of organization — which can be solved by keeping personal and business finances separate. If you are starting a business, the first financial move to make is to separate your accounts. There is a difference between a personal checking … [More]

Business Warrior and Fuel Me Enter $25M Funding Partnership

inbusinessPHX.com

Business Warrior Corp., the source for small businesses in America to get more customers, today announces a letter of understanding (LOU) with Fuel Me, the first-of-its-kind technology platform providing nationwide fuel procurement and management services, to fund up to $25 million in loans from March 1, 2022, to Dec. 31, 2023, through the new Business Warrior Funding … [More]

FirstBank Closes Out Record Year, Awards $15,000 to Valley Businesses

Rick McCartney

FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” announced year-over-year double-digit percentage increases in assets, deposits, and income in the fourth quarter of 2021. Across FirstBank’s Arizona branches, assets totaled nearly $1.2 billion, up 21.4 percent. Total deposits were $1.1 billion, up 42.5 percent from the same time … [More]

The 5 C’s of Credit to Help a Small Business Grow

by Edgar R. Olivo

For a first-time business owner, applying for funding while gaining business experience can be a unique challenge to face when attempting to grow and scale. Running out of money is a small business's biggest risk and keeping the flow of cash organized is the ultimate juggling act. But too often, small business owners are unclear about how much money they generate and where … [More]

EN NEGOCIOS: Las 5 C del crédito para ayudar a una pequeña empresa a crecer

por Edgar R. Olivo

Para un propietario de un negocio nuevo, solicitar financiamiento mientras adquiere experiencia comercial puede ser un desafío único que enfrentar cuando intenta crecer y escalar. Quedarse sin dinero es el mayor riesgo de una pequeña empresa y mantener el flujo de efectivo organizado es el último acto de malabarismo. Pero con demasiada frecuencia, los propietarios de pequeñas … [More]

GoDaddy Arranges Repurchase of $750M of Its Stock

inbusinessPHX.com

GoDaddy Inc. announced it entered into accelerated share repurchase agreements (the "ASR Agreements") with each of Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC to repurchase an aggregate of $750 million of GoDaddy's Class A common stock. GoDaddy expects final settlement of the ASRs to occur during the second quarter of 2022. As disclosed in its fourth … [More]

EN NEGOCIOS: Nuevo programa ofrece préstamos sin intereses a las pequeñas empresas

por Kryistyna Hook

Ha llegado ayuda para que las nuevas empresas y los emprendedores locales impulsen sus negocios con acceso a capital asequible. El Buró de Mejores Negocios en la área Pacífica Sudoeste (BBB por sus siglas en ingles) ​​ha lanzado múltiples Kiva Hubs que brindan préstamos sin intereses a pequeñas empresas que no pueden acceder al capital tradicional, sirviendo a las empresas del … [More]

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