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]
Why Small-Business Assets Matter
When getting to know small-business owners, financial planners typically ask about their company’s value at that point in time. Unfortunately, many times, their first inclination is to share their latest bank statement or the amounts of various checking, savings and investment accounts owned by the company. While these are terrific indicators of cash-at-hand value, for many … [More]
Crypto Economy
In late 2008, under the long shadow cast by the most severe economic crisis in generations, a revolutionary new form of currency was quietly being shaped. That once-obscure money was known as Bitcoin, and today it is the highest-valued digital coin. And, though consumers continue to scramble to cash in on the trending currency, the technology behind Bitcoin — known as … [More]
On-Demand Home Buying/Selling
OfferPad’s on-demand technology platform provides homeowners the ability to move freely, eliminating the stress and unpredictability associated with the traditional real estate process. Homeowners visit OfferPad.com, request a free purchase offer and, within 24-hours, receive an offer on their home. Once an offer is accepted, people can select their closing date. Buyers can … [More]
The Tax Cuts and Jobs Act of 2017
The Tax Cuts and Jobs Act was passed in December. As with any law, there are the specified rules and regulations that are written into it as well as impact that extends from those rules and regulations. But Austin Graff, an accountant with Schwartzer Tax and Accounting, notes the key effects of the Tax Cuts and Jobs Act will depend in large part on how the business is … [More]
Money, the Final ‘Off Limits’ Topic
Religion and politics used to be the “off limits” topics around polite company, but now a visit to Facebook suggests Americans are more than comfortable with those subjects. Two subjects that have also remained off limits until recently are sex and money. The #MeToo movement that started in Hollywood has opened the door to conversations about sexual abuse as well as many … [More]
How Firms Manipulate Numbers for Market Gain
Businesses constantly hear that, to succeed when selecting partners, they need to do their homework. But what if the financials they review don’t really reflect reality? How does a firm make good decisions when it comes to their money? Or, maybe more importantly, how do businesses know the real strength of the firms they’re intending to partner with? GAAP vs. Non-GAAP … [More]
