Tag Archives: Minnesota

A Guide to Applying for a Bank Loan

Wells Fargo No. 1 SBA lender for Arizona

Wells Fargo & Company announced it is the No. 1 Small Business Administration (SBA) 7 (a) lender in Arizona in amount of dollars and number of loans  approved for fiscal year 2014.  Wells Fargo approved $89,034,400 and 197 loans to Arizona businesses from Oct. 1, 2013 and Sept. 30, 2014.

“Working with small business owners is one of the most important things we do and is a key focus for our company,” said Greg DeJesus, SBA regional sales manager for Wells Fargo Arizona.  “Every SBA dollar we lend helps an Arizona business owner start, expand or invest in a business and helps keep the Arizona economy strong.  We believe that the flow of new loan dollars into our communities represents a very powerful statement for job creation and economic development.”

Nationally, Wells Fargo approved a record $1.6 billion in Small Business Administration (SBA) 7(a) loans in federal fiscal year 2014 (Oct. 1, 2013 – Sept. 30, 2014).  The company increased its dollar volume of SBA 7(a) loans by 10 percent from a year ago. An SBA preferred lender in all 50 states, Wells Fargo also is the second largest SBA lender by units, extending 4,036 SBA 7(a) loans in federal fiscal year 2014, a 16 percent increase in units from the prior year.

Wells Fargo is the No. 1 SBA 7(a) lender in dollars in 10 states: Arizona, California, Colorado, Minnesota, North Dakota, Nevada, New Mexico, Oregon, South Carolina and Texas  – and the No.1 SBA 7(a) lender in number of loans (units) in 8 states: Alaska, Arizona, California, Georgia, North Carolina, New Mexico, South Carolina and Virginia.

GPEC Forum

GPEC hosts forum with 4 new companies

On May 29, the Greater Phoenix Economic Council (GPEC) will host a forum featuring some of its locates, or businesses that GPEC and its partners have assisted in expanding or relocating to the Greater Phoenix region.
The companies, who have relocated or expanded from Minnesota, New York, Canada and the Netherlands, will discuss their decision to establish a presence in Greater Phoenix and their experiences since locating to the region.
The forum is part of GPEC’s ongoing ambassador event series.  Ambassadors are GPEC investors who help educate and inform stakeholders, policy-makers, citizens and media about key regional economic development issues.

FEATURED LOCATES INCLUDE:

Dalsin Industries:  Founded in Minnesota in 1945, Dalsin Industries has grown into a full-service job shop and contract manufacturer, specializing in sheet-metal fabrication and metal stamping. The company opened a new facility in Phoenix in December 2012.

Silent-Aire: A Canada-based, privately held family enterprise, Silent-Aire has been designing and manufacturing custom HVAC systems for more than 20 years, shipping its products all over the globe. Silent-Aire located in Gilbert in April 2013.

STEALTH Software: STEALTH Software is a Dutch-based software development company specializing in seamlessly and securely integrating applications and storage infrastructure. In February, STEALTH announced it will locate its U.S. headquarters in Greater Phoenix.

ZocDoc: ZocDoc, founded in New York in 2007, is a free service that allows patients to find a nearby doctor or dentist who accepts their insurance and to instantly book an appointment. In March, ZocDoc announced its plans to locate to Scottsdale.