loan demand Archives

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 →

Non-Residential Building Feeling Effects Of Recession

nonresidential building outlook

Although non-residential building held up longer than residential activity in the current recession, the non-residential downturn now has started and is expected to continue into 2010. Non-residential building began to increase strongly at the beginning of 2006, just as residential activity started to sag. Double-digit growth continued in seven of the next 10 quarters, propping… Read More →

Financial Institutions In Arizona Are Expected To Receive Bailout Money

Financial Institutions Receive Bailout
by in AZ Business Magazine | Economy | Finance

While most of Arizona’s state-chartered banks were mulling over their options for federal assistance late last year, Uncle Sam was injecting billions of dollars of new capital into national banking companies with Arizona subsidiaries. The question is whether any of that money from the Department of the Treasury’s $700 billion Troubled Asset Relief Program (TARP)… Read More →