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]
The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
Inspired by venture capitalists’ unique way of thinking, The Venture Mindset offers a transformative playbook for delivering results in a rapidly changing world from a top Stanford professor and a technology executive. Venture capitalists are known for their extraordinary ability to spot opportunities. They know how to identify emerging trends, how to bring new industries into … [More]
Fast-Growing Bank Awarded Preferred Lender Status by U.S. Small Business Administration
Integro Bank, the fastest-growing bank in Arizona recording 625% loan growth in 2023, made another leap forward when it comes to their capacity to help small businesses. The U.S. Small Business Administration has issued delegated authority to Integro Bank, an esteemed status within their Preferred Lender Program (PLP). The PLP status is the most desirable accreditation that a … [More]
Bank Leads Way in Affordable Housing Financing, Unlocking Access to Homes in Arizona
FirstBank, one of the nation’s largest privately held banks with a focus on "banking for good," has financed over $500 million in affordable housing developments since 2020. The bank recently launched Unlocking Arizona, a content series showcasing developments that expand affordable housing in the state. “This represents our commitment to increasing attainable housing … [More]
Credit Union Expands Access to Competitive Auto Loans for Arizonans through Partnership
Open Lending Corporation, an automotive lending enablement and risk analytics solutions for financial institutions, was recently selected by OneAZ Credit Union as their lending enablement solution for automotive loans. The partnership will help OneAZ expand access to auto loans for underserved populations of Arizona while also protecting the assets of its members with deposits … [More]
SBA Launches Digital Hub to Connect Small Businesses with Major Funding
Hub Details Billions of Dollars in Grants, Contracts, and Market Opportunities
The U.S. Small Business Administration (SBA) announced the launch of the SBA’s new Investing in America Small Business Hub, the first and only digital portal of its kind providing industry-specific resources to help small businesses tap into opportunities under President Biden’s signature Investing in America (IIA) Agenda. “President Biden’s Investing in America agenda is … [More]
Credit Union Invests in the Local Sports Community
OneAZ Credit Union and national premier soccer club FC Arizona are launching an exciting new partnership aimed at inspiring dreams throughout communities across Arizona. The collaboration officially “kicked off" on March 28, 2024 at the second annual FCAZ Fest & Senior Night. The strategic partnership combines both the resources and knowledge of OneAZ and FC Arizona, … [More]
Capital Ideas: How Different Types of Funding Can Grow Business
Part I: Loans, Grants and Investment
Prominently visible on buildings around town are names that demonstrate the strength and depth of the financial sector here — serving a business community equally strong and varied. We connected with select members of that sector to present an overview of funding types and opportunity. Notes Ken Bauer, chief lending officer at OneAZ Credit Union, “In order to grow or improve a … [More]
April 2024 Guest Editor RaeAnne Marsh, In Business Magazine
Capital Connections
Capital is recognized as the essential foundation of business. But even more basic is access to capital. And to knowledgeable counsel on achieving that access and making the most of financial opportunity that goes with it. This month’s cover story looks at sources of capital from several different angles — including types of funding programs and financial institutions as … [More]
Credit Union Empowers Arizona Small Businesses by Enhancing SBA Loan Services
OneAZ Credit Union is thrilled to announce that they are enhancing their ability to serve small businesses by now originating and servicing SBA 7(a) loans entirely in-house. This strategic move creates a streamlined process for small businesses seeking access to financing at competitive rates and loan terms with the flexibility the SBA’s 7(a) program provides. “This pivotal … [More]
Bank Continues Momentum with New Locations and More Expansion in Arizona
Bell Bank, one of the largest family-and employee-owned banks in the country, with assets of more than $14 billion is continuing to show a tremendous amount of growth and new momentum in 2024 with a lot of the new growth in Valley of the Sun. This April, Bell Bank will open a new branch at 6838 N. 58th Drive in Glendale. That opening will be followed by another new branch … [More]
FirstBank Announces New CEO and COO
Former CEO announces his retirement from the bank after a 37-year tenure
FirstBank, one of the largest privately held banks in the nation with a focus on "banking for good," announced that Jim Reuter is retiring from FirstBank after seven years as Chief Executive Officer (CEO) and 37 years with the organization. The board elected President Kevin Classen as the new CEO, and Chief Digital Officer (CDO), Kelly Kaminskas, was named Chief Operating … [More]
