business lending Archives

Paving The Way For Phoenix Small Business Growth

Lisa Alberti - Small Business
by in Business News | Finance & RE Law

Foreshadowing federal reports of an uptick in demand for commercial real estate and small business lending, CDC Small Business Finance recently funded two loans to help a local company purchase three commercial buildings in Phoenix. We wanted to take advantage of lower property values and low financing rates to purchase the buildings,” said Todd Franklin,… Read More →

Now Is The Right Time For Business Lending, Financial Banking

Business Lending - AZ Business Magazine November/December 2011
by in AZ Business Magazine | Finance

Now is the Right Time for Business Lending, Financial Banking Now might be the right time for businesses looking for financial backing to reach out to banks to help with plans for expansion and growth. “When small businesses are given the tools to grow, that means growth for the economy,” says Craig P. Doyle, Arizona… Read More →

Boefly, A New Online Marketplace, Matches Borrowers With Lenders

Ted and Cindy Ferkenhoff
by in Economy | Featured | Finance | Small Biz

One couple searched unsuccessfully for six months to secure a loan. Then, 14 days after using a new online marketplace, Ted and Cindy Ferkenhoff had an offer. The Ferkenhoffs, who needed a loan to open an AlphaGraphics franchise in Flagstaff, weren’t expecting such a quick response. “With the lending market being pretty shaken up …… Read More →

Many Arizona Small Businesses And Banks Say A Federal Loan Program Isn’t Needed

Many Arizona Small Businesses And Banks Say A Federal Loan Program Isn’t Needed - AZ Business Magazine Nov/Dec 2010
by in AZ Business Magazine | Economy | Featured | Finance

President Barack Obama has signed a bill that aims to increase small business lending. But it’s not exactly popular among Arizona’s small companies and community banks. They question whether a multibillion-dollar loan fund created by the legislation will achieve its goal. The Small Business Jobs and Credit Act of 2010 will establish a $30 billion… Read More →

Fewer Jobs Will Be Lost This Year, But Growth Will Remain Slow In 2011

by in Economy | Featured

In an updated forecast released today, the Arizona Department of Commerce Forecast reports that the state’s nonfarm job losses for 2010 have been revised downwardly. The department now forecasts that the state’s economy will lose 25,700 jobs this year, as opposed to the 50,400 originally forecast. However, the department also revised its forecast on how… Read More →