loans Archives

Seeing green: Bank roles shift in real estate market


Phoenix is a city of extremes, but lenders will see some balance in the market this year. There’s more capital flowing through the system than there was a year ago and, despite a slow recovery, Phoenix investors should find it easier to get loans in the market. “This is an exceptional time to acquire financing… Read More →

Say No to Predatory-Driven Risky Loans


While Arizona recovers from an economic crisis rooted in predatory lending practices, a bill before the legislature proposes another round of risky loans not too far removed from the horrific payday-lending loans now mostly a good-riddance memory. HB 2526 would increase interest rates and fees on consumer loans of $3,000 up to 36% and double… Read More →

Initiative Helps Veteran-Owned Small Businesses

wells fargo - home for veteran
by in Featured | Small Biz

Veterans who own small businesses in Arizona can save up to $3,000 by tapping into a new loan program called VetLoan Advantage. The program, offered by CDC Small Business Finance, features rebates and fee waivers associated with SBA-504 loans (for commercial real estate purchases) and Community Advantage loans for working capital, equipment purchases and other… Read More →

3 Reasons the Bank Says No


If your application for a small business loan has been denied, you are not alone. In fact, only about 10 percent of the small business borrowers who apply at the bank leave with a loan. Although the bank may give you a song and dance about why you were denied, it usually boils down to… Read More →

Shea Homes Arizona Sales Increase, Optimistic About Housing Recovery

The jury is still out about the national housing recovery, but Shea Homes Arizona is noticing a pickup in its sales during the first four months of the year. With three new home communities that have opened since January and three more that will be announced soon, Shea Homes Arizona has already outpaced its 2011… Read More →

National Bank Of Arizona Introduces New Medical Banking Program

banking program
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 →

APS Home Performance Program Provides Loans For Homeowners Energy Efficient Improvements

National Bank of Arizona, APS Energy Efficiency Partnership
by in Business News | Green | Small Biz

National Bank of Arizona has partnered with APS to provide an affordable financial incentive for APS customers to renovate their homes with energy efficient improvements. It’s called the APS Home Performance with ENERGY STAR® program. The program was started more than a year ago and at the time was only available to schools and small… 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 →

The Buzz on AZNow.Biz – September 20, 2010

Arizona Business Magazine's Editor-in-Chief Janet Perez
by in Featured | Video

It’s another exciting week at AZNow.Biz. Arizona’s credit unions are asking Congress to allow them to make more loans to more small businesses. This week also marks the debut of our workforce columnist, Marcia Rhodes, from the recruitment firm WorldatWork. Rhodes asks the question, are you a good boss?  Find all this and more at… Read More →

As Commercial Real Estate Sector Prepares To Be Hit By Recession, Leaders Should Become Proactive

wood beam

The headlines today have focused on the bailout of the banking industry and the housing market’s severe contraction. Not a lot of attention has been paid to the commercial real estate sector. As with all business cycles, there is a flow-through to the various sectors. The fact that we have lost more than 1 million… Read More →

Real Estate Companies Are Seizing Opportunities During The Bust

buyers market

With dark clouds hanging over the country’s economy and property prices tumbling, many people consider the idea of buying real estate absurd. Yet Valley real estate experts contend right now is the best time to buy. Jeff Pavone, principal of Commercial Plus in Scottsdale, says smart, experienced commercial real estate investors only buy property when… Read More →

State-Chartered Banks Are Still Lending Despite The Credit Crunch

Money Flow
by in AZ Business Magazine | Economy | Finance

The credit crunch is gripping much of the nation, but Arizona banks are still lending money and most are well-capitalized to weather tough economic times. The state’s core capitalization rate of 10.31 percent is well above the national average of 7.89 percent. That means Arizona banks have a good cushion to ride out the mortgage-induced… Read More →

Big Money, Tight Times-SBA Loans Can Help

Big money tight times 2008

By Don Weiner It may be true that numbers don’t lie, but they don’t always tell the whole story. When the 2008 fiscal third quarter ended June 30, statewide Small Business Administration-guaranteed lending showed a 25 percent decline from 2007 in both total loans and dollars lent, according to the Arizona District Office. In fact,… Read More →