News & Insights

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.

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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.

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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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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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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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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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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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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.

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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