Finance Archives

Desert Schools Honored For Community Service In Arizona

Desert Schools - community service and leadership award

Desert Schools Federal Credit Union, the largest not-for-profit membership-based financial institution in the state of Arizona, announced today that it has been selected by Toastmasters International and the organization’s District 3 Governor as the 2012 award recipient for community service and leadership for the state of Arizona. This is the first time Desert Schools has… Read More →

The 5 C’s of Credit: 
What Do They Mean To Your Small Business Loan?

5 C's of Credit

One of the most common questions among small business owners seeking financing is: “What will the bank look for from me and my business?” While every bank has its own unique criteria, many use some variation of the five C’s of credit when making credit decisions. Broadly speaking, they are: Character Cash flow Collateral Capitalization… Read More →

Understanding Economic Concepts, Applying In A Global Perspective

Economic concepts

Within the past few decades we have become a global economy, which adds great opportunity but also risk. Our global economy is affected by many more factors today and is connected deeply with other countries. How does this affect the United Sates? It can affect us in many ways. Before analyzing our global economy it’s… Read More →

Protect Your Business From White-Collar Crime, Embezzlement

Embezzlement

In a tough economy, white-collar crimes are more rampant than ever. A study by Marquet International, Ltd. on 2010 embezzlement data found that the average scheme lasted more than 4.5 years, the average loss was $1 million and two-thirds of the incidents were committed by employees who held finance and accounting positions. Whether you run… Read More →

Mobile Payments – The Pay Of The Future

Mobile payments - AZ Business Magazine March/April 2012

They’re not here yet, but expect mobile payments to change the way we pay If your wallet feels thinner in the upcoming months, blame your cell phone, not the down economy. Mobile payments, also called mobile money and mobile wallet, are the future of commerce. If they haven’t already, mobile payments will soon revolutionize the… Read More →

Psychological Impact On Investors Across Generations

psychological impact investors
April 24, 2012 by in Finance

To say the least, financial markets were gut-wrenching for investors in 2011. An earthquake and tsunami in Japan, revolutions in the Middle East and North Africa, and unparalleled challenges to the Eurozone rattled nearly all asset classes and strained investor resolve. But the market volatility we witnessed in 2011 was relatively minor compared to what… Read More →

Factoring Programs: Good News For Young Entrepreneurs

Factoring Programs
April 20, 2012 by in Economy | Finance

The lecture hall was packed, but students weren’t listening to a lecture; they were listening to what could possibly be their only chance at entrepreneurship: factoring programs. It’s an old — and often misunderstood — strategy for young entrepreneurs whose capital and credit history aren’t as appealing to banks as they should be in order… Read More →

First Job: Brad Preber, Managing Partner Grant Thornton

Brad Preber - Managing Partner - Grant Thornton

Brad Preber, Managing Partner of Grant Thornton, discusses his first job selling seeds door-to-door, his mentors and what he learned along the way. Brad Preber Title: Managing Partner Company: Grant Thornton Describe your very first job. When I was a teenager, I found an ad in the back of a magazine promoting the door-to-door sale… Read More →

Curis Resources Reaches Deal With Red Kite For $40M Loan Facility And Copper Off-Take

Curis Resources - Florence Copper Project
April 13, 2012 by in Economy | Finance | Tech

Curis Resources Inc. has reached an agreement with RK Mine Finance Trust (Red Kite) on the key terms for a senior secured loan facility and copper cathode off-take agreement, which are subject to the execution of definitive agreements. Under the terms of the loan, Red Kite will provide a US$40million loan with interest payable at… Read More →

Common Issues That May Affect The Cash Flow Of The Business

Cash flow
April 12, 2012 by in Columnist Spotlight | Finance

Do you know where your cash is? Common issues that may affect the cash flow of the business. Have you ever asked yourself the question, “I am making a profit, but I don’t know where the cash is?” Many business owners tend to manage their business strictly from the income statement. An income statement is… Read More →

Understanding The Function, Purpose, Regulation Of Financial Institutions

financial institutions - bank

The functions and regulations of financial institutions have changed since our most recent recession and will likely continue to be governed at a higher level going forward. This is critical for the success of our future economy. Financial institutions help provide opportunity for our economic growth and improve our living standards. They do this by… Read More →

National Bank Of Arizona Introduces New Medical Banking Program

banking program
April 11, 2012 by in Finance | Healthcare

National Bank of Arizona’s Wealth Strategies division is pleased to announce the launch of the new Medical Banking Program at National Bank of Arizona. The banking program introduces a new opportunity to service affluent medical professionals in Arizona with the launch of a new loan program providing a 95% loan-to-value option on a new home… Read More →

Entrepreneurs: Three Key Things To Consider Before Starting Your Business

Entrepreneurs

Three key things for entrepreneurs to consider before starting their own business The benefit of a challenging economy has been the inspiration for new business. As individuals find themselves out of a job they may have held for decades, they are no longer taking their talents elsewhere. Instead they are choosing to create their own… Read More →

Cash Flow Management: Creating A Budget To Reach Financial Success

Create a Budget

Tracking of cash flow dates back more than 3,000 years. Before currency existed, people would use cattle, grains, silver or other items of value as trade. These transactions, tracked on tablets or sometimes counting tokens, were used as a tool to track financial dealings. This tells us that managing trade or cash flow has been… Read More →

How’s Your Business Doing? Check Your Financial Statements

Financial Statements
March 14, 2012 by in Columnist Spotlight | Finance

Curious to know how your business is doing, financially? Look at your financial statements; here’s how. You’re the owner of your business. You know how to sell; you know how to make your product; a you know how to find opportunities that will make your business grow. But do you know how to determine if… Read More →

Grant Thornton Business Optimism Index Reports Growing Confidence In Economy

Grant Thornton Business Optimism Index

Each year, Grant Thornton works with business leaders nationwide to gauge their optimism in the U.S. economy. This project, titled the Grant Thornton Business Optimism Index, was started in 2002 with three key measures over time: U.S. economy: Business leaders’ perceptions of whether the U.S. economy will improve, remain the same or deteriorate in the… Read More →

Protect Your Business Credit Score, Improve Business Policies

Business Credit Score

Most people know that how you manage your personal finances directly impacts your credit, but many don’t realize that proper management of your business financials is significant for protecting your company credit standing and ultimately a company’s growth and success. Just as a poor credit score can make it difficult for you to get a… Read More →

Is Facebook’s IPO A Chance To Get Rich Quick For Valley Residents?

Facebook's IPO
March 11, 2012 by in Finance | Marketing

With the announcement of Facebook’s IPO, many want to get to get their hands on the stock in hopes of a chance to “get quick rich.” The eight-year-old company Facebook filed to go public by May and raise $5 billion in what could be the largest-internet IPO. Facebook reported $3.7 billion in revenue and $1… Read More →

Pinnacle West Reports Positive 2011 Fourth-quarter & Full-year Results

Pinnacle West reports
February 28, 2012 by in Business News | Finance

 ’Disciplined cost management’ and strong operational performance benefit bottom line Pinnacle West Capital Corporation reported consolidated on-going earnings of $12.1 million, or $0.11 per diluted share of common stock, for the quarter ended December 31, 2011. This result compares with on-going earnings of $5.2 million, or $0.05 per share, in the same 2010 period. The… Read More →

Prices Up & Foreclosures Down In Phoenix-Area Housing Market

Phoenix-Area Housing Market
February 23, 2012 by in Economy | Finance | Real Estate

Several pieces of good news are trickling into the hard-hit Phoenix-area housing market. A new report from the W. P. Carey School of Business at Arizona State University shows positive trends for struggling homeowners, as of January: Single-family home prices are moving higher. Fewer foreclosures are coming into the pipeline. The glut of underpriced homes… Read More →

Dow Jones Breaks 13,000 For First Time Since ’08 Crisis

Dow breaks 13,000

NEW YORK — The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since May 2008, when the Lehman Brothers investment bank was solvent, unemployment a healthy 5.4 percent and the worst of the Great Recession months ahead. The milestone came about two hours into the trading day. The stock market got… Read More →

Mobile Banking Causes Security Concerns

Mobile Banking - AZ Business Magazine January/February 2012
February 16, 2012 by in AZ Business Magazine | Finance | Tech

Use of phone apps skyrockets 45 percent in six-month span, but how safe are they? The smart phone is becoming to banking what the knife has become to bread: It’s changing the way we consume. “Mobile banking has had the biggest impact on financial institutions since the introduction of ATMs,” says Paul Stull, senior vice… Read More →

Watch Out For Business Fraud — In Any Economy

Business Fraud
February 15, 2012 by in Columnist Spotlight | Finance

It is impossible to reflect on the recent recession without thinking of multi-million and billion dollar business fraud allegations — Bernie Madoff, Allen Stanford and Danny Pang dominated the headlines, to name a few. We shake our heads and ask how it happened — poor investor due diligence, a lack of government oversight, unchecked lending,… Read More →

Squire Sanders Ranked No. 1 Bond Counsel In Arizona For 11th Straight Year

Squire Sanders ranked No. 1 bond counsel in Arizona
February 14, 2012 by in Business News | Finance

Squire Sanders has claimed the No. 1 spot for the 11th consecutive year in Thomson Reuters’ rankings of bond counsel law firms in Arizona. The rankings are based on the principal dollar amount of long-term municipal new bond issues sold in 2011. During this period, Squire Sanders served as bond counsel on 15 Arizona bond… Read More →