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]
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]
