Protect Against the Top Three Financial Scams in Arizona

by Robert Gibboni

The typical business loses 5 percent of its annual revenue to fraud, according to the Association of Certified Fraud Examiners. Financial statement fraud causes the greatest median loss, with an average of $975,000 per scheme. As a financial institution concerned with protecting our customers from scams, we bring experience in identifying scams and preventing being… [More]

Banking on Your Business

by RaeAnne Marsh

Tales of usurers make for enduring literature (Shakespeare’s Merchant of Venice is a notable example), but it’s an indisputable fact that commerce would not exist without reputable financial institutions and loan opportunity. Of course, banking has evolved to be much more than a lending resource. For instance, as Toby Day, chairman of the Arizona Bankers Association… [More]

Diversity Trends in Small Business Investing

by U.S. Small Business Administration

Maria Contreras-Sweet, administrator of the U.S. Small Business Administration and the voice of small business on President Obama’s Cabinet, last month heralded the release of “Measuring the Representation of Women and Minorities in the SBIC Program,” a groundbreaking SBA study showing the racial and gender makeup of investment boards is tied directly to investment decisions they… [More]

SBA Awards $18.8 Million to Support Small-Business Trade Growth

by U.S. Small Business Administration

Administrator Maria Contreras-Sweet, head of the U.S. Small Business Administration, last month announced $18.85 million to support export growth among American small businesses. The funding was awarded through SBA’s competitive State Trade Expansion Program. The share for Arizona businesses in Fiscal Year 2016 is $299,903. Calling it a boon for America’s small businesses, she explains,… [More]

Captives Can Help Contain Costs

by Mike Ferguson

Business risk is on the rise — from the danger of a cyber-attack to the potential failure of a crucial supplier halfway around the globe. In response, companies are increasingly creating their own insurance companies to mitigate those risks. A “captive insurer” is a company that provides coverage solely to the firm or group of… [More]

NAPA Revamps for Retail

by RaeAnne Marsh

NAPA, which, for more than 90 years, has built its name on being a wholesale auto parts distributor serving largely auto repair businesses and fleets, is looking to grow its retail side. It is rolling out the program in 20 markets around the country, and, here in the Valley, the Gilbert store is one of… [More]

Financially Serving the Hispanic Market

by RaeAnne Marsh

There’s more to serving the Hispanic market than simply translating messaging into Spanish. Language is a component, “but you need cultural relevance,” explains Luis Soto, a driving force in Vantage West’s recent designation of “Juntos Avanzamos” (“Together We Advance”) from Texas’s Cornerstone Credit Union League. “Vantage West is the first credit union outside the Cornerstone… [More]

The Expanding ATM Network

by RaeAnne Marsh

Allpoint recently added QuikTrip as a retail partner to serve the Phoenix area. The company works with banks and credit unions to provide surcharge-fee ATMs to the institutions’ customers at convenient, premier retail locations — the kind of well-known and trusted retail brand names that are already part of people’s daily routines. Financial institutions are… [More]

Considerations with Funding a Company

by R. Steven Reed

Determining the best capital structure for a business is one of the many difficult decisions owners and founders must make. Capital structures vary widely, and what may work best for one company may be completely wrong for another — depending on the industry area, resources available and management team. Different capital structures include bootstrapping (completely… [More]

Keeping Business in the Family Way

by Darren T. Case

Earlier in May, Cathy Hughes, an attorney-adviser for the Estate and Gift Tax Policy Office for the United States Department of the Treasury, sent shockwaves into the tax and estate planning community by announcing that new regulations would be implemented to make it much more difficult for families to transfer a family business to the… [More]