The U.S. Small Business Administration announced it will begin sending invitations for supplemental awards for the Shuttered Venue Operators Grant program. Per the Economic Aid to Hard-Hit Small Businesses, Non-profits and Venues Act, SVOG supplemental awards are to be provided to those who received an initial grant and have illustrated a 70% loss when comparing 2021’s … [More]
Alerus Earns Spot on National ‘Top 10 Bank’ Ranking
Alerus is pleased to announce Bank Director magazine has named it the #9 overall performing bank out of the 300 largest publicly traded U.S. banks. Bank Director’s annual Bank Performance Scorecard ranks publicly traded banks based on their previous year’s performance using five metrics that reflect a bank’s profitability, asset quality, and capital adequacy. Metrics … [More]
AVANA Companies Launches New Loan Platform LendThrive™
AVANA Companies a lending and asset management platform, is pleased to announce the launch of LendThrive™, a lending platform designed to help small businesses thrive while stimulating local economies. This latest addition to the AVANA Companies eco-system comes on the heels of AVANA’S move to become a majority shareholder in Extensia Financial, a credit union service … [More]
CrossFirst Bank Enters Fast-Growing Phoenix Market
CrossFirst Bankshares, Inc., the bank holding company for CrossFirst Bank, announced today that it has plans to enter the Phoenix, Arizona market and has named Kevin Halloran as Phoenix Market President. “As we looked to expand outside our traditional CrossFirst footprint, we believe Phoenix is a great opportunity given the region’s favorable demographics, strong population, … [More]
PNC Completes Acquisition of BBVA
The PNC Financial Services Group, Inc. announced the completion of its acquisition of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary BBVA USA. Through this transaction, PNC is now the fifth largest U.S. commercial banking organization with over $560 billion in assets with a coast-to-coast national franchise that will provide a full range of products and … [More]
Alerus Expands SBA Lending Strength with Addition of 5 Specialists
Alerus is pleased to announce it is strengthening its U.S. Small Business Administration lending capabilities with the addition of an expert SBA team. Led by industry veteran John Kimball, who most recently served as SBA lending manager at MidWestOne Bank, the five-person team collectively has more than 100 years of business banking and small business lending experience at … [More]
Apply: $2.7 Million for Women’s Business Center Resiliency and Recovery Demonstration Grant
The U.S. Small Business Administration (SBA), Office of Women’s Business Ownership (OWBO) is accepting applications for the Women's Business Centers (WBC) Resiliency and Recovery Demonstration Grant. The purpose of this opportunity is to continue or establish innovative projects that aim to improve service delivery, training, and support provided to women-owned businesses … [More]
CDC Small Business Finance Is Top Arizona SBA Lender after Fiscal Year 2021 2Q
CDC Small Business Finance, a community leader in the economic development field, is the No. 1 U.S. Small Business Administration lender in Arizona among 7A and 504 firms after the fiscal year 2021 second quarter. The Arizona district office of CDC, which was named the state’s SBA 504 Lender of the Year for the third straight year in 2020, closed 55 loans totaling $49.67 … [More]
