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
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]
Coronavirus Offers Businesses a Chance to Reset, Recharge and Rise Up
Today, you can hardly go an hour without hearing news about the impact of COVID-19 on organizations. From hospitals and schools to businesses and nonprofits, no sector of the economy has remained untouched. As many navigate through the unknown, now is a critical time to chart a course for future growth and prosperity. While it may sound counterintuitive, the timing lends … [More]
Keeping Small Business Up and Running
Even in these unprecedented times, the U.S. Small Business Administration’s lending programs continue to help our economy. The pace of SBA loan-making is always a healthy sign for a good economy because the credit market is one of the foundations for ensuring the availability of financing for small businesses trying to establish themselves, grow and create new jobs throughout … [More]
2020’s Best Business Credit Cards & Bank Accounts
WalletHub’s Coronavirus Small Business Survey — which gauged business owners’ attitudes on government assistance, plans to reopen the economy and more — found that 87 percent of small business owners are struggling due to the coronavirus. Addressing this, the personal-finance website today announces its editors’ selections for the best business credit cards and best business … [More]
The Compounding Effect of Community Carry
It’s in the headlines on a daily basis — yet another startup secures major investment from one venture capital firm or another. On the surface, this appears to only be great news for the investors and the ones on the receiving end of those funds, but the impact actually reaches far beyond that. Funding a startup sets off a ripple effect. It’s not just an investment into that … [More]
Venture Capitalizing
Not so many years ago, the lament in and about the local business community was lack of access to investment money. “It has emphatically changed within the last 10 years, but, most notably, the last three years. Capital has become democratized and much more mobile, so no longer is it so heavily concentrated in New York and San Francisco,” says Chris Camacho, CEO of the … [More]
