San Diego Business Journal

SD FINANCE

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

Venture Capital Continues Decline With Biotech Seeing Deepest Dip

Venture capital is down once again in San Diego, with a particularly noticeable decline in the region’s biotech sector.

Parking-Focused REITs Hire Investment Banking Firm

MVP REIT Inc. and MVP REIT II Inc., San Diego-headquartered investment firms focused on parking structures and facilities, have engaged an investment banking firm to advise them on potential future actions including stock offerings and capital raises.

LM Capital Group Chosen to Participate in Pilot Program

A San Diego investment management firm is among five companies recently selected by the Pension Benefit Guaranty Corp. to participate in a pilot program for smaller asset managers.

Tease photo

Price Hikes Just Start of Wage Increase Impacts

The debate surrounding an increased minimum wage is a longstanding one, and it’s unlikely to disappear anytime soon.

Tease photo

Foundation Funds Help Meet Critical Needs in Oceanside

Oceanside Charitable Foundation, an affiliate of The San Diego Foundation, awarded $60,000 in grants to three local nonprofits at its Ninth Annual Grants Celebration at the Oceanside Museum of Art.

Mad Catz Ability to Continue as Going Concern Questioned

TECH: Peripherals Maker Reports Loss Of $11.6M for Year

Mad Catz Interactive Inc. closed the books on a disappointing year, despite the apparent promise of its fall release of peripherals for the latest installment of the “Rock Band “videogame.

Tease photo

Been There, Learned That...

LEADERSHIP: CEOs Share Lessons They Wish They Had Known Earlier

The biggest annual bash for local entrepreneurs, San Diego Startup Week, launches June 13 in downtown San Diego.

Connect Invites Tech Startups to Apply for Coming Phase of CapitalMatch Program

San Diego’s early-stage technology companies are invited to apply for Connect’s upcoming CapitalMatch, a program designed to link companies seeking funding with interested investors.

TVC Capital Raises $15 Million for Seattle-Based Tech Company

TVC Capital, a San Diego private equity firm that invests in enterprise software companies, has led its single largest Series A investment yet for a Seattle-based company that enables the sale, use and service of cloud technology.

Renovate America Finishes Seventh Securitization of PACE Bonds

Renovate America, the nation’s largest provider for a residential clean energy financing initiative called PACE, said Monday it finished the seventh securitization of its PACE bonds by issuing $305.3 million in notes.

Guild Mortgage Co. Acquires Austin Company

Guild Mortgage Co., a private San Diego mortgage bank, said Monday it has agreed to acquire AmeriPro Home Loans, an Austin, Texas-based mortgage company.

Bank of the West Opens La Jolla Branch

San Francisco-based firm Bank of the West has opened a new banking branch in La Jolla.

County's Employment Rate Increases 2.9% in 2015

Employment in San Diego grew 2.9 percent in 2015 with the addition of nearly 40,000 jobs in sectors from construction to clean tech.

Tease photo

Walden’s Spring Soirée Brings Hope and Help to Foster Kids

Walden Family Services, the nonprofit foster care, adoption and youth services agency, hosted its Spring Soirée recently at the Pamplemousse Grille to celebrate May 2016 Foster Care Month.

Tease photo

SBLC License Opens New Opportunities for Two Lenders

FINANCE: Status Allows ‘Problem Solving’ to Enter the Lending Picture

For the past eight years, San Diego County residents Adam Seery and Todd Massas watched as their fellow bankers stuck to strict lending guidelines and denied loans to business owners caught up in the 2007 recession. Bankers don’t want to hear the recession hurt a business, Massas said. “The minute they hear that, they’ll say an individual is not a good credit risk,” he said.