BUSINESS STRATEGY

Azull Capital partners with SouLA

Azull Capital | October 03, 2022 | Read time : 01:22 min

Azull Capital partners with SouLA
Azull Capital and SouLA are coming together with their backbone partner Image Source who will commit their dollars to underserved communities in a meaningful way. They as a collective will produce two very distinct and very signature, unlike any other event to date. These events will celebrate community and commerce while also setting a foundation for building blocks of whole communities.Azull Capital supports & partners with SouLA to create a community where equal opportunities are provided for every business ownership, career advancement, affordable credit and many more. Business loans these companies are providing are designed with the business in mind and are customizable to work with unique business model. They are dedicated to helping businesses grow on their personalized terms. Until now, small businesses had to rely on the banks and their strict lending criteria to get business funding to grow. Azull Capital and SouLA says no more would there need to be such restrictions in place.Stay tuned for further details on the Kairos Summit Week of May 25th Tied to All Africa Day and the Kingdom Day Celebration January 2023.

About Azull Capital
About Azull Capitalis a business finance company that provides alternative funding to small and medium sized businesses. Azull Capital was founded by a team of entrepreneurs who understand the challenges of getting a bank loan and how traditional lenders are overburdening small business owners. Azull simplified everything by accepting and approving business loan requests in as little as 3 steps. They help not only in the matter of giving loans but also organize financial trainings.

About SouLA
SouLA partners with major corporations to increase their revenue streams by delivering consumers that have been largely ignored due to systems of racism, sexism, gender bias, ageism, or poverty. Both groups also have an international reach and are able to leverage relationships in India & Africa to help fulfill the Global Compact requirements of the United Nations in the African Continental Free Trade Area (ACFTA).

Spotlight

All small business owners want the same things: profitability, growth, and customer satisfaction. Regardless of the type of business you own or the current size of your company, you can probably agree on this. In today’s world, it’s not enough to have a local business with an office; you need to have an online presence and rank higher on Google, Yahoo & Bing.


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FINANCE, SMALL BUSINESS ADVICE

TriNet Announces Enrich Learn™, Tax Optimized Education Assistance Program for Small and Medium-Size Businesses

TriNet | September 15, 2022

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MANAGEMENT

Capital CDC Supports Local Economic Development and Business Resources in New Mexico

Capital CDC | September 27, 2022

Capital CDC strives to make a difference in the communities we serve through unwavering advocacy and reinvestment in local economic development.Recently, Capital CDC donated $15,000 to WESST, a non-profit, small business development and training organization committed to growing New Mexico's economy by cultivating entrepreneurship. Since 2013, Capital CDC has provided financial donations to non-profits and economic development organizations in New Mexico totaling $124,500. Capital CDC contributes to these types of organizations annually to help grow the resources available for small businesses in New Mexico. "We are so grateful for the generous gift we recently received from Capital CDC! Thank you for supporting WESST's transformational work with New Mexico small businesses. With this support, WESST continues providing supportive business services and access to capital for the diverse entrepreneurs who need it most. This work wouldn't be possible without partners like you!" Katie Knipe, VP of Development at WESST.

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FINANCE, SMALL BUSINESS ADVICE

Valley Bank Launches Community Lending Platform

Valley Bank | September 09, 2022

Valley National Bank today announced the launch of a Community Lending platform to streamline processing as it ramps up its efforts to provide more financial products, resources and connections to women and minority-owned businesses. In 2021, Valley made more than 6,181 small business loans in low-to-moderate-income census tracts and to businesses with a gross annual revenue of $1 million or less. Valley’s Community Lending Team, which focuses specifically on providing financing solutions to women and minority-owned small businesses within this space, quickly realized the need for a separate platform to organize the program across the Bank’s four states. This new platform makes the application and lending process much easier and faster by reducing a great deal of paperwork that would normally take weeks to process. The new platform offers women and minority-owned businesses easier access to traditional products such as payroll, commercial mortgages and merchant services, while also looking at qualifications for loans with a different lens. Instead of just considering traditional requirements related to cash flow and having three years of business history, the bank is also considering personal and business credit scores. Under the leadership of National Director of Community Lending Thais R. Sullivan, the department now consists of 15 dedicated professionals and reaches across Valley Bank’s U.S. footprint from New York south through Florida, into underserved communities where businesses often don’t qualify for traditional lending. “The Community Lending team is committed to looking at financing for these small businesses differently,” said Sullivan. “We examine their growth potential rather than their current size to determine how we can help drive long-term growth. The launch of this platform will help us as we help small businesses along the path to growth and future success.” Sullivan and her team of experienced professionals worked to create the products, resources and relationships to ensure the Community Lending team could provide timely access to the crucial elements to help businesses in need. The regional leaders for Community Lending are: Luis De La Hoz, Regional Director of Community Lending New Jersey Martine Pierre-Paul, Regional Director of Community Lending Florida/Alabama Michael Warrington, Regional Director of Community Lending New York “During the pandemic we became painfully aware how many businesses weren’t in a position to qualify for emergency funding programs like the Paycheck Protection Program,” said Sullivan. “Minority-owned businesses in particular were less likely to apply, not because they didn’t need the funding, but because they weren’t set up to qualify.” With a lack of professional relationships or experienced mentors that could help find paths to financing, many small business owners lacked the vital documentation needed to obtain a traditional loan. In addition to providing access to its own banking products and services, Valley Bank’s Community Lending solutions include leveraging strong partnerships with national and regional organizations that can provide additional education, mentorship and financing resources. These organizations include such groups as the Small Business Administration (SBA), Palm Beach County Black Business Investment Corporation (BBIC), and National Entrepreneurship Association (NEC). Valley Bank’s Community Lending team members have been working with underserved small businesses for more than two years to create custom financial solutions that make a difference. 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TECHNOLOGY, SMALL BUSINESS ADVICE

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CyberCatch | September 22, 2022

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Spotlight

All small business owners want the same things: profitability, growth, and customer satisfaction. Regardless of the type of business you own or the current size of your company, you can probably agree on this. In today’s world, it’s not enough to have a local business with an office; you need to have an online presence and rank higher on Google, Yahoo & Bing.

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