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From monthly archives: April 2024

We are pleased to present below all posts archived in 'April 2024'. If you still can't find what you are looking for, try using the search box.

Integro Bank Awarded Preferred Lender Status by the U.S. Small Business Administration

The U.S. Small Business Administration has issued delegated authority to Integro Bank, an esteemed status within their Preferred Lender Program (PLP). The PLP status is the most desirable accreditation that a bank can receive for small business lending.

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Navigating Cash Flow and Risk Management in Entrepreneurship

Cash flow is the lifeblood of any business, and a lack of it is one of the leading causes of startup failure. According to a study by U.S. Bank, a staggering 82% of businesses fail due to poor cash flow management or a lack of understanding of how to price their products or services effectively. Furthermore, a report by JPMorgan Chase Institute found that the median small business holds only 27 cash buffer days' worth of cash reserves.

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Integro Bank's April CEO Club Event Tackles Small Business Financial Resilience

PHOENIX, April 16, 2024 /PRNewswire/ -- As the #1 fastest-growing bank in Arizona with 625% loan growth in 2023*, Integro Bank announced their upcoming event for the April CEO Club: "Navigating Financial Resilience – Planning for Sustainable Growth" featuring A.J. Wilson, partner at Newport LLC, as the speaker. This event is a great opportunity for CEO Club members as well as business owners and business leader attendees to learn how to navigate varying economic cycles, improve financial resilience and plan for sustainable growth.

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Understanding and Combatting the Diverse Faces of Fraud

It has been reported by Gallup poll that about 8% of adult Americans, which is roughly 21 million people, have personally been scammed. Fraud is a widespread problem that can take several forms, each with its own unique characteristics and consequences. It is crucial for individuals and organizations to understand the various types of fraud to stay alert and implement effective preventive measures.

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Funding Your Path to Sustainable Growth

As businesses strive for sustainable growth, access to capital becomes a critical factor. Whether expanding product lines, entering new markets, or scaling operations, growth initiatives often require significant financial investment. However, pursuing growth at the expense of financial resilience can be detrimental in the long run. The key lies in carefully evaluating and leveraging the right financing options to fuel expansion while maintaining a solid financial foundation.

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Revolutionizing Banking: A Journey of Innovation with Thomas Inserra

In this episode of The Modern Banker podcast, they delve into the world of innovative banking and entrepreneurship, gaining insights that transcend traditional banking models. Thomas shares his unique journey from a background in technology startups to founding a bank aimed at revolutionizing small business lending. Discover how his diverse experiences, including regulatory oversight and international work, shaped his approach to banking.

Gain valuable perspectives on the importance of diversity in leadership and the power of technology in transforming banking services. Explore Thomas's vision for the future of banking, including the integration of cutting-edge tools like Integro360 to empower small businesses. Whether you're a seasoned banker, an aspiring entrepreneur, or simply curious about the future of finance, this episode offers a wealth of knowledge and inspiration.

Building An Emergency Fund

An emergency fund is a critical component of financial health and stability. As reported by Bankrate 30% of U.S. adults have enough to cover up 6 months' expenses or more. Having an emergency fund serves as a safety net to protect you from unexpected expenses, job loss, or other unforeseen circumstances that could derail your financial plan. Building an adequate emergency fund can help you avoid taking on high-interest debt or depleting your retirement savings during tough times.

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