San Diego Business Journal

SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

National Funding Secures Loan Agreement for $50M

National Funding, a San Diego-based private small business lender, said it entered into a loan agreement for $50 million with CapitalSource, a division of Pacific Western Bank, based in Los Angeles and a specialist in loans to small and mid-market businesses.

By Mike Allen September 8, 2014 4:05 p.m.   Share

Grossmont's Devan Named to Catalyst Corporate Credit Union Board

Steven Devan, chief executive officer of Grossmont Schools Federal Credit Union, was named to the board of directors of Catalyst Corporate Credit Union, the Texas-based wholesale credit union serving 229 member credit unions in California.

TD Ameritrade Conference Features Big-Name Speakers

TD Ameritrade Institutional's national conference in San Diego next month features a couple of big-name speakers sure to enlighten and entertain the expected 3,000 attendees.

Imaging Technology Spurs Opportunities in Finance

Once a novelty, mobile banking is becoming an increasingly popular way to make deposits or withdraw cash from ATMs.

Small Credit Unions Continue to Provide Personal Service

Being small has its advantages, as a group of 11 San Diego credit unions operating with total assets below $100 million will tell you.

Low Gas Prices Don’t Pump Up All Profits

ECONOMY: Long-Term Deals Lock in Prices for Some Buyers

The recent spectacular decline in oil prices might make a casual observer assume that businesses and institutions that run fleets are all saving money.

Banking Industry is Back and in the Black and Growing Profits

The nation’s banking industry is apparently well back into the black, and making higher profits.

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Added Value

LEADERSHIP: CFOs Are Increasingly Involved in Strategy, Operations and Business Development

They’ve got their fingers on just about every facet of a company, likely know where all the skeletons are buried and are wearing more hats these days.

San Diego Economy Continues to Improve

An index measuring San Diego’s economy rose 0.6 percent in October, the fifth consecutive month it’s increased, signaling solid growth at least through the end of 2015.

Aethlon Announces $3.3 Million Equity Investment

Aethlon Medical Inc. announced that it has entered into a definitive agreement to raise approximately $3.3 million at a price of $0.30 per unit.

SBA Encourages Consumers to Think Small on Nov. 29...Small Businesses, That Is

On the heels of Thanksgiving comes Black Friday, and then comes Small Business Saturday, say the folks at the San Diego District Office of the U.S. Small Business Administration.

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Social Impact

GREEN: As Costs Plummet, Noble Sees Growing Uses for Innovative Building Material

A San Diego based company has turned cardboard, dryer lint, paper — and occasionally even cow pies — into a building material that is lighter and more versatile than its wood, plastic and aluminum predecessors.

Mission Federal Makes Business Lending Gains, Aims for More

Mission Federal Credit Union is doing more small business lending these days and plans to expand that line.

Report: Asian Americans Had Most Purchase Mortgages

The Asian Real Estate Association of America, a national trade group based in San Diego serving Asian Americans in the real estate industry, said a recent report shows that segment applied for and obtained the largest share of purchase mortgages than any other minority group in recent years, measured both in number and dollars.

San Diego Port Unaffected by Work Slowdown So Far

The reported work slowdown at the Los Angeles and Long Beach container ports is having no effect on operations at the Port of San Diego, according to a port spokeswoman.

HFF Secures $140M Financing for Omni San Diego

HFF announced that it has secured a $140 million financing for the Omni San Diego hotel, a 511-room, 21-story luxury convention center hotel. Proceeds from the financing will be used to refinance the existing debt on the hotel, HFF said.