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]
Phoenix-Based Funder Shelled Out Record $474 Million in the First Half of 2024
$576 million of commitments through the first half of 2024
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]
Local First Arizona Launches Grant Writing Services for Rural Energy for America Program
Nonprofit aims to connect Arizona small businesses, tribal communities with $30 million in federal funding to install solar, improve energy efficiency and reduce utility bills
With a mission to break down barriers for Arizona small business owners to receive crucial grant funding through the federal Rural Energy for America Program (REAP), Local First Arizona is proud to announce the launch of its REAP grant writing assistance center. Targeted at assisting rural and tribal small businesses and agricultural producers from across the state of … [More]
Phoenix-Based Investment Co. Provides $15M in Growth Capital to Houston Medical Devise Manufacturer
Trinity Capital Inc., a provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $15 million in growth capital to Velentium, a professional engineering firm that specializes in the design and manufacture of innovative medical devices. Based in Houston, Velentium designs, develops, manufactures, and provides post-market … [More]
Credit Union Announces Expansion in Greater Phoenix
Credit Union West is expanding its branch network from 12 to 14 locations by the end of 2025. The new branches will be located in Phoenix, Peoria, and Buckeye. The Biltmore branch is now open in the Camelback Corridor of Phoenix on 16th Street just north of Camelback Road. Two additional branch locations are in the development phase. The Lake Pleasant branch will be located in … [More]
Financial Transactions: New Threats, New Solutions
How businesses can protect themselves from fraud
Conducting business electronically has become the norm in today’s world. And, while updates in technology have made doing business quicker and more convenient, it has made fraud more convenient, too. Thinking that spotting fraud is as easy as seeing a misspelling in a subject line or simply not making payments for oddball requests is an outdated approach. It’s time for a … [More]
Bank & Financial Services Co. Adds Equipment Finance Team in Phoenix
Alerus Financial Corporation announced it is expanding its specialty lending capabilities with the addition of an experienced team focused on providing equipment financing to commercial banking clients throughout the company’s geographic footprint. Brian Scott joins Alerus as managing director of the equipment finance team. In this role, he oversees the team’s activities … [More]
SBA Launches Working Capital ‘Line of Credit’ Pilot Program
Pilot Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth Published on June 6, 2024
The U.S. Small Business Administration (SBA) announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan. “Small businesses require working capital through competitively-priced lines of credit to operate efficiently and … [More]
Regional Bank Names New Arizona President
UMB Bank, a subsidiary of UMB Financial Corporation, has announced John Damiris as its new regional president for the Arizona market. Since relocating to the state in 2005, Damiris has spent nearly two decades building UMB’s Arizona presence from the ground up. During the last 15 years, Damiris and UMB have seen average loan balances in Arizona increase from $57.0 million to … [More]
Tax Incentives for Small Businesses: Engine for Economic Growth
Spurring high-impact research and development
As an accounting professional and small business consultant working with locally owned businesses for more than 20 years, I always hear stories from small business owners about their achievements, frustrations and how they enjoy doing the work they love. I see how self-employment is a strong option for all individuals nowadays, and I truly believe that small businesses are … [More]
Microfinance Nonprofit Opens New Branch in Phoenix with Support from Wells Fargo
Grameen America, the fastest-growing nonprofit microfinance organization in the United States, announced the opening of its new branch location in Phoenix, Arizona with major philanthropic support from the Wells Fargo Foundation. To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand … [More]
Major Bank Slates Prestigious New Office Building for Both Private and Commercial Banking Teams
JPMorgan Chase announced that it is expanding its footprint in Phoenix to a premiere new office building at 44th Street and Camelback Road, with the Private Bank and Commercial Banking teams co-locating to best serve clients’ banking and financial needs. “For 125 years, we have been serving clients with their financial needs. We have deep roots in Arizona and are excited to be … [More]
Sunwest Bank Names New Arizona Regional President
Sunwest Bank is pleased to announce the addition of Kevin Cutter as its new SVP, Regional President leading the Arizona Commercial Banking Division. In this role, Cutter is responsible for the development and coordination of all banking relationships, including profitability, strategic goals, and policies. He will also be responsible for creating and managing a cross-functional … [More]
Phoenix-Based Capital Co. Announces New Business, Provides Growth Capital for Private-Equity-Backed Companies
Trinity Capital Inc., a provider of diversified financial solutions to growth-oriented companies, announced the expansion of its business with the addition of a new Sponsor Finance vertical. This strategic expansion naturally extends the Company's established expertise in providing direct lending solutions to sponsor-backed companies across a range of industries. "We … [More]
Western Alliance Subsidiary Names New Top Leader
Western Alliance Bancorporation announced the promotion of Jocelyn Lynch to the President and CEO of Western Alliance Trust Company, N.A. Lynch brings tremendous experience to her elevated role, having served previously as Managing Director in the Corporate Trust group at Western Alliance Trust Company, N.A. "Jocelyn’s deep expertise, unwavering focus on clients and … [More]
10 Ways to Strengthen Your Next Loan Application
Demystifying decision-making — and 10 ‘red flags’ to avoid
What business owner hasn’t dreamed about what could be done for the business with more capital. Buy new equipment? Hire more staff? Expand into a new market? When it’s time to explore putting dreams into motion, seeking financing is often the next step. Banks typically have well-documented criteria business owners must meet to qualify for a business loan. But what they may … [More]
VC Fundraising in Today’s Environment
Founders need to be aware the world of outside capital has changed
The role of a company founder is vision, culture and fundraising. Founders should have their finger on the pulse of the VC market, and one of the ways to do that is through strategic advisors (attorneys, CPAs, etc.) These strategic advisors will help founders understand the overall fundraising landscape as well as what the market commands. Know the Value This idea of what the … [More]
