Comerica Bank announced it will expand its community development lending program, specifically as it relates to affordable housing. Comerica plans to strengthen access to capital assistance for nonprofit and for-profit developers of Low-Income Housing Tax Credit (LIHTC) projects. The program will focus on increasing the availability of affordable multifamily housing for … [More]
Financial Institutions Provide $50,000 towards Pandemic Lung Health Initiatives
Responding to the need for lifesaving research and education to help put an end to the COVID-19 pandemic, TruWest Credit Union and the Federal Home Bank of San Francisco (FHLBank San Francisco) have partnered to help fund the American Lung Association’s COVID-19 Action Initiative. The credit union’s past year’s donations qualified for a matching grant from FHLBank San … [More]
AI Startups Raised $73.4B in Total Funding, Over $15B of Investments in 2020
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
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]
City of Tempe Opens Grant Program to Businesses in Industries Most Impacted by COVID-19
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]
Nonprofit Housing Counseling Agency Provides Guidance to Arizona Residents Looking to Purchase or Rent a Home
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]
Only Arizona-Based Credit Union Named SBA Preferred Lending Partner
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]
