Online entrepreneurs regularly feel stressed, ashamed or frustrated about the financial side of their business because their accountants, bookkeepers and business coaches can’t give them the answers to the money questions they struggle with. Profit Pillars outlines step-by-step guidance in response to these questions so even the most creative and visionary online business … [More]
Scottsdale Private Equity Firm Introduces Hands-On Resources to Build and Scale Companies Faster
Montage Partners, a people-first private equity firm, introduces its Montage AccelerateTM program, designed to provide founders and management teams with hands-on resources and tools to build upon their successful foundation and scale their companies faster. Celebrating its 20th anniversary this year, Montage Partners has invested in 20 companies since its inception; nine are … [More]
Credit Union Acquires Yuma-Based Bank
OneAZ Credit Union and Western Arizona Bancorp, Inc., the holding company of 1st Bank Yuma, announce that they have entered into a definitive agreement in which OneAZ will acquire 1st Bank Yuma, assuming substantially all assets and liabilities, in an all-cash transaction. This transaction was unanimously approved by both the boards of directors of OneAZ and 1st Bank … [More]
Banking Platform Implementation Marks Innovation Milestone for Credit Union
OneAZ Credit Union is launching a transformative strategic partnership with Backbase, the creator of the Engagement Banking Platform, to modernize the credit union’s technology architecture. Through Backbase’s platform, OneAZ will deliver a simplified and streamlined banking experience, expanding beyond financial service offerings to include insurance, real estate and other … [More]
Oregon-Based Bank Targets Arizona for Expansion with the Opening of Three New Branches
Umpqua Bank, a subsidiary of Columbia Banking System, Inc., announced its continued expansion across the West with two new branch openings in Phoenix and Scottsdale, and a third Arizona location in Mesa planned for later this year. Expansion of the bank's retail network into Arizona follows the successful launch of its middle market banking presence in 2021. "Arizona is a … [More]
Lender Expands Loan Programs to Assist Arizona Investors with Acquisition and Development Financing
Hard Money Lenders Arizona, a leading provider of private money loans, announced the expansion of its loan programs to better support investors throughout Arizona. Under the leadership of Michael Iuculano, the company is introducing enhanced Acquisition and Development financing options tailored to meet the growing needs of real estate investors and developers in the … [More]
Trinity Capital Inc. Provides $30 Million in Growth Capital to Slingshot Aerospace
Phoenix-based Trinity Capital Inc., a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $30 million in growth capital toColorado Springs-based Slingshot Aerospace, a leader in AI-powered solutions for satellite tracking, space traffic coordination, and space modeling and simulation. Based in El Segundo, CA, … [More]
Credit Union Launches New Program Offering 100% Financing with No Down Payment for Those Serving the Community
Desert Financial Credit Union is striving to make homebuying more affordable for members of the military, first responders, government and civil servants, educators and those in the medical field through its new Community Heroes First-Time Homebuyer Program launching Sept. 3. The program offers first-time homebuyers competitive interest rates and flexible terms without a … [More]
Phoenix-Based Funder Commits $35M in Equipment Financing to Connecticut MedTech Co.
Trinity Capital Inc. announced the commitment of $35 million in equipment financing to ApiJect Systems, Corp, a public-benefit medical technology company focused on prefilled, single-dose injection devices. Based in Stamford, CT, ApiJect works with pharmaceutical companies to design rapidly scalable, cost-efficient drug delivery systems, and then assists in manufacturing … [More]
Arizona among States with Top Real Estate Fraud Losses across the U.S.
A new study reveals which states have lost the most money to real estate mortgage scams. Arizona ranks sixth for losses to real estate fraud, at an average of $29,787.31 per victim. The study by Florida personal injury lawyers Anidjar & Levine analyzed all 50 states based on the average amount of money lost to real estate fraud. The real estate fraud loss … [More]
$250M Joint Venture Partnership Aims to Empower Small Businesses and Drive Local Economic Growth
Peoria-based AVANA Companies and funds managed by Oaktree Capital Management L.P. announce the formation of a new $250MM AVANA-Oaktree Private Credit Partnership for its direct private commercial real estate lending strategy. Through the Joint Venture, AVANA will use the capital to provide private debt financing in the United States over the next three years. AOPCP aims to … [More]
Valley-Based Credit Union Named Official Banking Partner of NAU
Desert Financial Credit Union announces their partnership with Northern Arizona University (NAU) as the official banking partner of NAU Athletics and the NAU Alumni Association. As banking partner, Desert Financial will be the exclusive provider of NAU-branded debit and credit cards, collaborate on ongoing community engagement initiatives, and deliver financial literacy … [More]
Arizona Launches Microbusiness Loan Program to Facilitate Economic Development and Job Creation throughout State
The Arizona Office of Economic Opportunity (OEO), launched the Arizona Microbusiness Loan Program to foster economic development and job creation in communities throughout Arizona. The Arizona Legislature established the program last year to provide $5,000,000 in loan funding to Arizona-based microbusinesses, which are businesses with five or fewer employees. Through the … [More]
SBA Announces Working Capital Pilot Now Accepting Applications at Participating SBA Lenders
The U.S. Small Business Administration (SBA) announced that SBA 7(a) lenders may now accept applications for the SBA’s newly-announced 7(a) Working Capital Pilot (WCP) Program. “Small businesses need affordable working capital to pursue revenue growth opportunities made available thanks to President Biden’s Investing in America agenda,” said SBA Administrator Guzman. “The … [More]
Credit Union Donates $150,000 in Community Impact Grants Statewide
30 Arizona nonprofits to receive $5,000 grants.
OneAZ is announcing that the OneAZ Community Foundation is donating $150,000 in Community Impact Grants to 30 Arizona nonprofit organizations. “The OneAZ Community Impact Grant program embodies OneAZ’s commitment to being a catalyst for positive change in the communities we serve,” said Brandon Michaels, President of the OneAZ Community Foundation and President & CEO of … [More]
Phoenix-Based Funder Shelled Out Record $474 Million in the First Half of 2024
$576 million of commitments through the first half of 2024
Trinity Capital Inc., a leading provider of diversified financial solutions to growth-stage companies, announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter, bringing total new commitments for the first … [More]
Credit Union Ranked Tops in Arizona on Forbes List
Arizona Financial has been ranked #1 in Arizona on the Forbes list of America’s Best-In-State Credit Unions 2024. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The list of top credit unions was recently announced and can be viewed on the Forbes website. “We are honored to be recognized by … [More]
Credit Union Prioritizes People and Culture with New Hire
OneAZ Credit Union is thrilled to announce that Chris Flores is joining Team OneAZ as the new EVP Chief People and Culture Officer. This marks an exciting new chapter in OneAZ’s journey to build a purpose-driven culture that revolves around its collective values and aspirations. “Chris Flores is a champion for elevating company culture around a collective purpose and shared … [More]
