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We are pleased to present below all posts archived in 'May 2024'. If you still can't find what you are looking for, try using the search box.
Integro Bank announced their upcoming event for the May CEO Club: "The Secret with Capital Access & Not all Capital is Created Equal." featuring guest speaker Jack Selby, a managing partner at AZ-VC the largest Arizona venture capital fund. CEO Club members, as well as business owners and business leaders, can learn about the importance of capital access and the differences between various types of capital available in today's market.
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According to a report by the Minority Business Development Agency, minority-owned businesses face a staggering capital gap, with an estimated $9.5 trillion in unmet financial needs. The Kauffman Foundation's research reveals that only 16% of equity investment goes to teams with at least one female founder, despite women-led startups consistently outperforming their male-led counterparts, generating 35% higher returns on investment according to a study by Boston Consulting Group.
At its core, venture capital is a form of private equity financing provided by firms or individuals to high-potential startups and early-stage companies. According to data from Pitchbook, a leading provider of private market data, venture capital investment in the United States reached a staggering $166.6 billion across 8,835 deals in 2022, highlighting the immense appetite for backing promising entrepreneurial ventures.
Access to capital is often the make-or-break factor that determines whether a promising idea takes flight or remains grounded. While talent, dedication, and a solid business plan are essential, securing funding is a critical hurdle that many aspiring founders struggle to overcome. However, research has shown that the strength of an entrepreneur's personal and professional networks can significantly impact their ability to access capital.
According to a report by the Cambridge Centre for Alternative Finance, the global alternative finance market grew by 92% in 2021, reaching $1.19 trillion in transaction volume. This growth is being driven by the increasing popularity of platforms like Lending Club, Funding Circle, and Kabbage, which have collectively facilitated over $50 billion in loans to small businesses and individuals since their inception. In the United States alone, online alternative lending to small businesses reached $25.7 billion in 2021, up from $19.6 billion in 2020, according to data from Transunion.
IOLTA (Interest on Lawyers' Trust Accounts) Accounts One of the most essential banking products for law firms is the IOLTA account. These trust accounts are designed to hold client funds temporarily, ensuring proper segregation and ethical handling of client money. According to the American Bar Association, as of 2021, IOLTA programs across the United States have generated over $4 billion in interest to support legal aid services for low-income individuals.
Fed announced a quarter-point cut to its key interest rate, plus what to expect in 2025 Wednesday, December 18, 2024
Strategic Social Media Trends Driving Business Growth Wednesday, December 11, 2024
Leveraging Niche Market Opportunities for Growth Monday, December 9, 2024
Business Owners: How to Avoid $591 in Fines Per Day Friday, December 6, 2024
Adapting to Transformational Trends and Economic Challenges Wednesday, December 4, 2024
Helping small business maximize growth and employment.
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