News & Insights

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.

Read the rest of entry »

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.

Read the rest of entry »

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.

Read the rest of entry »

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.

Read the rest of entry »

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.

Read the rest of entry »

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.

Read the rest of entry »

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.

Read the rest of entry »

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.

Read the rest of entry »

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.

Read the rest of entry »

Please be advised that links within this article will take you to a website hosted by another party. Integro Bank assumes no liability for the content, information, security, policies, or transactions provided by these other sites. 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 ...

Read the rest of entry »