Financial Cents | Arizona's Financial Podcast

What bank accounts and services does a small business need? What financial tools are available for small business owners who are just starting out? How can a relationship with a local business banker help you be proactive in operating your business?Starting off Season 3 of Financial Cents, Chris Sarver, vice president and business banking team lead at National Bank of Arizona, joins host Brent Cannon, executive vice president and director of community banking at National Bank of Arizona, to discuss the 5 most important accounts and services a small business owner needs for their business.Though a business checking account may be the starting point for any business owner, a business credit card can help manage the cash flow cycle, treasury management can help the business pay vendors and get paid by clients quickly and efficiently, and lending can help the business expand. But perhaps the most important service a business owner can have is a relationship with their local business banker.Need a business banker for your business? https://www.nbarizona.com/business/ #banking #business #smallbusinessAll price references and market forecasts correspond to the date of this recording. This podcast should not be copied, distributed, published or reproduced in whole or in part. The information contained in this podcast does not constitute research, recommendations, representations or warranties as to the accuracy or completeness of the statements of any information contained in this podcast and any liability from Zions Bancorporation, N.A. or its divisions (including direct, indirect, or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast may not be those of Zions Bancorporation, N.A. or any of its divisions. Zions Bancorporation, N.A. is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of advice, investment or otherwise, by Zions Bancorporation, N.A. to that listener, nor to constitute such person a client of Zions Bancorporation, N.A.  Credit card accounts are subject to credit approval. Certain terms, conditions, and restrictions apply. See the credit card application and disclosures for more details. Offers are available for new credit card accounts only and subject to change at any time. Loans subject to credit approval. Certain terms, conditions and restrictions apply; contact bank for details. SBA Loans are subject to credit approval and SBA approval. Terms and conditions apply. See banker for details. Terms, conditions and fees apply for Treasury Management Solutions and Positive Pay. Contact a banker for details. Merchant Services products and services are provided by Clover affiliate First Data Merchant Services LLC and not by National Bank of Arizona, a division of Zions Bancorporation, N.A. Member FDIC. Remote Deposit Service is subject to credit approval. Terms and conditions apply. Certain hardware and software requirements may apply. Remote Deposit Capture and Business Mobile Remote Deposit Capture require enrollment in the Treasury Management Remote Deposit Capture service. Acceptance of Client Agreements is required for Remote Deposit Capture service and a User Agreement must be accepted by each mobile application user. Service and transaction fees apply. Fee may apply for early termination. Subject to data coverage. Message and data fees from your wireless provider may apply. See a banker for full details. Copyright reserved by Zions Bancorporation, N.A. National Bank of Arizona is a division of Zions Bancorporation, N.A. Member FDIC.Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

What is a 501(c)(3) organization and how can a nonprofit obtain that status? What bank accounts and financial tools and accounts do nonprofits need? And why do nonprofits need a board of directors and what goes into serving on one? With nonprofits playing such a vital role in our community and economy, In this episode of Financial Cents, Melissa Steimer, CEO of the nonprofit Gabriel’s Angels, joins Pamela Keefe, vice president, nonprofit relationship manager, and Brent Cannon, executive vice president, director of community banking at National Bank of Arizona, to discuss the challenges facing nonprofits today and how the right financial tools and solutions can help nonprofits overcome those challenges.As Melissa discusses, nonprofits must follow certain regulations – not just to maintain their 501(c)(3) tax exempt status, but to ensure they are providing for their communities – which can make day-to-day business operations tricky. “At the end of the day, a nonprofit does make a profit,” says Melissa. “The biggest difference here is that the profit is not going to shareholders or an owner or other individuals, it’s going back into carrying out the nonprofit’s mission. That’s where the community good comes from.”And given that the funds a nonprofit generates comes from donations, grants, and other sources that can be seasonal or short-term, it’s all that much more important to have the right tools and board leadership in place. “It’s not just about having a bank account created for nonprofits, it’s also about having fraud prevention tools in place, like Check Positive Pay¹. Having other tools to create efficiencies, like ACH for payroll and vendor payments, and a credit card.”Financial Cents is hosted by Brent Cannon and features insightful interviews and discussions with bankers at National Bank of Arizona. Based on decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting: https://www.nbarizona.com/financial-cents/.Interested in learning more about Nonprofit Banking? Learn more about our Nonprofit Banking solutions and connect with a banker here: https://www.nbarizona.com/business/specialty-banking/non-profit-banking/. Get involved or donate to Gabriel's Angel's: https://www.gabrielsangels.org/. (1)    Terms, conditions and fees apply. Contact a banker for details.Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

How does fraud impact small businesses? What are the most common types of business fraud? And how can a business owner protect their business from fraud? With business fraud on the rise, it’s becoming not a matter of if a business will be impacted – but when.In this episode of Financial Cents, Katherine Cobb, senior vice president, manager of the Cybersecurity Operations Center at Zions Bancorporation, joins host Brent Cannon, executive vice president, director of community banking at National Bank of Arizona, to discuss the impact of business fraud, how the most common types of business fraud work, and what business owners can do to protect their businesses. Because according to Katherine, small businesses make ideal targets for fraudsters since they often don’t have the resources or controls in place to protect themselves.Many of the most common types of business fraud we see today are designed to exploit our reliance on digital communication. Business email compromise is where a fraudster impersonates a business’s vendor and sends the business updated payment instructions so the business wires their money to the fraudster’s account. Another common type of fraud is CEO fraud, which is when a fraudster impersonates the CEO or other company executive and emails a low-level employee with instruction to wire money to the fraudster. Other types of fraud that are prevalent today include phishing and spearphishing, vishing, smishing and check fraud.Regardless of how the fraud is perpetrated, there are things businesses can do to protect themselves. “The biggest thing I would say is for business owners put a callback system in place along with a dual control system,” says Katherine. “That way, any payment changes are verified directly with the vendor and there’s always a second employee who can act as a check and balance.” In addition, banking products like Check Positive Pay(1) can also help business owners protect themselves.Financial Cents is hosted by Brent Cannon and features insightful interviews and discussions with bankers at National Bank of Arizona. Based on decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting: https://www.nbarizona.com/financial-cents/.Interested in learning more about how we can help you mitigate business fraud? Contact a banker: https://www.nbarizona.com/personal/schedule-appointment/All price references and market forecasts correspond to the date of this recording. This podcast should not be copied, distributed, published or reproduced in whole or in part. The information contained in this podcast does not constitute research, recommendations, representations or warranties as to the accuracy or completeness of the statements of any information contained in this podcast and any liability from Zions Bancorporation, N.A. or its divisions (including direct, indirect, or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast may not be those of Zions Bancorporation, N.A. or any of its divisions. Zions Bancorporation, N.A. is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of advice, investment or otherwise, by Zions Bancorporation, N.A. to that listener, nor to constitute such person a client of Zions Bancorporation, N.A. See your banker for Treasury Management product details and schedule of fees. Certain Treasury Management Services may require credit approval; contract may also apply. Must be enrolled in Positive Pay. Terms, conditions and fees applyCheck out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

What’s the difference between a bank and a credit union? What are questions to ask a bank when deciding to open a new business account? Though deciding which bank is right for your business may feel overwhelming, it doesn’t have to be if you know what to look for and understand how a bank can help your business grow and thrive.In this episode of Financial Cents, Tom Kaupie, senior vice president and regional commercial manager, joins host Brent Cannon, executive vice president and director of community banking, to discuss the key differences between banks of different size, what a business owner should be on the lookout for, and what questions a business owner should ask when vetting banks for their business. What you should look for, according to Kaupie, is finding a bank that isn’t so small that your business will outgrow the products and services it offers and isn’t so large that it’s difficult to have a relationship with your banker.What it all comes down to, according to Brent and Tom, is making sure your bank will be able to support your business as it grows and becomes more sophisticated. As your business evolves, so will your banking needs. At the same time, you’ll want to make sure you’re working with a banker that can offer insights and knowledge. “If your bank is not providing some kind of consultation,” Brent explains, “if they are not helping you bridge the gap between what you know, what you don’t know, and what you don’t know that you don’t know, it may be a good cue for you to look for another bank.”Financial Cents is hosted by Brent Cannon and features insightful interviews and discussions with bankers at National Bank of Arizona. Based on decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting: https://www.nbarizona.com/financial-cents/.Need a business banker for your business? https://www.nbarizona.com/business/#smallbusinessowner #smallbusinesstips #bankingCheck out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

Will Arizona run out of water? With Arizona in tier 2A of water cuts from the Colorado River, water shortages in the state are a big concern. However, the Colorado River is not the only source of water that Arizona has. To discuss Arizona’s water sources and usage, host Brent Cannon, executive vice president and director of community banking, sits down with two members of the National Bank of Arizona Agribusiness Banking team, Matt Eyrich, senior vice president and regional commercial manager, and Carrie Morales, vice president and agribusiness banking team lead.Carrie and Matt lend their insights from working directly with farmers to discuss the variety of ways Arizona agriculture uses and conserves water. Arizona famers have been dealing with water and its conservation for a long while. Carrie and Matt’s conversations with their agribusiness clients don’t typically talk about if Arizona will run out of water, but rather what water source is best used. As Carrie Morales explains, “the important part is to think that there's more than just one source of water. We have the Colorado River water, we have the in-state river water, which is the SRP stuff, and you have the groundwater.”Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features insightful interviews and discussions with bankers at National Bank of Arizona. Based on decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Need the specialized help of an agribusiness banker?  https://www.nbarizona.com/business/loans-leases-and-lines/specialty-lending/agriculture-loan/#arizona #watershortages #coloradoriverCheck out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

The Arizona agricultural industry is vital to the economy not only locally, but also worldwide. With Colorado River water shortage and rising concerns of climate change, how do we sustain this $23 billion industry that supports over 138,000 jobs?In this episode of Financial Cents, Brent Cannon sits down with two members of the National Bank of Arizona Agribusiness team, Matt Eyrich, senior vice president – regional commercial manager – agribusiness banking, and Carrie Morales, vice president – team lead – agribusiness banking, to discuss everything in the Arizona agriculture industry. Carrie and Matt lend their insights from working directly with farmers to discuss the large scope of the Arizona Ag industry, the 5 C’s of Arizona, water, sustainability, and climate change.All the way from cattle in Northern Arizona to cotton and wheat in Central Arizona to the salad capital in Yuma; Arizona agriculture and farming exports to over 70 countries around the world. As Matt Eyrich explains, “whether you’re talking about in Yuma or Central Arizona, we pretty much have year-round crops going on here. So, unlike the Midwest or farther north where you have a definite season because winter comes… there’s something always going on in Arizona.”Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features insightful interviews and discussions with bankers at National Bank of Arizona. Based on decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting: https://www.nbarizona.com/financial-cents/.Need the specialized help of an agribusiness banker?  https://www.nbarizona.com/business/loans-leases-and-lines/specialty-lending/agriculture-loan/#arizona #climatechange #agricultureCheck out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

Being a business owner is hard. For some minority groups it’s even harder when getting access to capital has been a challenge. At National Bank of Arizona, we’re providing greater equity for women, minority, veteran, and LGBTQ business owners through our Small Business Diversity Banking Program.In this episode of Financial Cents, Brent Cannon, EVP and director of community banking, and Chris Sarver, VP and business banking team lead at National Bank of Arizona, speak with Carly Klein, founder and president of National Hair Loss Med Aesthetic, about business challenges for women, minority, veteran and LGBTQ business owners.National Bank of Arizona understands that access to capital can be a challenge for businesses owned by minorities, women, veterans and the LGBTQ community. So we’re investing in greater equity for these communities through our Small Business Diversity Banking Program. Under the Equal Credit Opportunity Act, this program is dedicated to give a wider access to loans and lines of credit through Special Purpose Credit Program eligibility standards. Visit https://www.nbarizona.com/diversity/ for more information or talk to a banker.Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features insightful interviews and discussions with bankers at National Bank of Arizona. Based on decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting: https://www.nbarizona.com/financial-cents/Do you know your banker’s name?  https://www.nbarizona.com/business/#diversity banking #small business loans for minorities #equityCheck out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

The current U.S. inflation rate is on the rise. What is causing inflation? How long will it last? How is this affecting the cost of living? In this episode of Financial Cents, Brent Cannon and Anthony Valeri, director of investment management at Zions Bancorporation, discuss what causes inflation and answers questions about the current inflation, rising cost of living, and even how it affects your retirement.Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features insightful interviews and discussions with bankers at National Bank of Arizona. Based on decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting: https://www.nbarizona.com/financial-cents/.Have a business and need a banker? https://www.nbarizona.com/business/Looking for personal banking? https://www.nbarizona.com/Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

What does the upcoming interest rate increases by the Federal Reserve mean for the Arizona housing market? How is inflation impacting housing trends? What can we anticipate for residential real estate in the coming months and years as we continue to navigate through the economic impacts of the pandemic? And, perhaps most importantly of all, what does this mean for you?We’re kicking off our second season of Financial Cents by doing a deep dive on a topic that’s at the top of everyone’s mind: the real estate market. In this episode, special guest Greg Hague, founder of 72SOLD and Hague Partners, joins Mitch Gutierrez, residential real estate mortgage lender, and host Brent Cannon, executive vice president and director of community banking, to talk about what’s driving the Arizona market and where things could be headed next.In its simplest form, as Greg explains, the appreciation of real estate prices can all be traced back to supply and demand. “As interest rates have fallen over the past few years,” explains Greg, “that has obviously created a huge demand for housing…these historically low rates make homes more affordable, which has driven up demand.”But things aren’t quite that simple, as there’s an added element of supply chain issues created by the pandemic, which is negatively impacting the supply of new construction just as demand is surging. And that’s where the Federal Reserve Board’s anticipated move to increase interest rates several times over the coming year comes into play, and it’s also where things get interesting.“What most people don’t realize,” explains Mitch, “is that prime rates don’t really have a direct impact on mortgage rates. Mortgage rates are based off the 10-year treasury yield.”So, where are things headed? Tune in to hear what Greg, Mitch and Brent have to say and what it all means for you.Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features insightful interviews and discussions with bankers at National Bank of Arizona. Based on decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting https://www.nbarizona.com/financial-cents/.Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

So, you’ve built and ran a successful family business, but now it’s time pass it along to the kids or another family member to let them take a crack at it. The question is: how did you get here, and what do you do now? As daunting as planning the eventual sale or transfer of your business may seem, especially when considering that 8 out of 10 businesses never sell, succession planning is something that you can start on day one. With the right planning, you can ensure you’ve got all your ducks in a row to maximize the liquidity in your business and the profit you’ll earn when the day comes to sell.In this episode of Financial Cents, special guest Sharon Lechter, CEO of Pay Your Family First and author of Exit Rich, joins Brent Cannon, executive vice president and director of community banking, to discuss how succession planning can help you turn your business into an economic engine that will last for generations.The truth is, as Sharon and Brent point out, going through the process of succession planning isn’t just about making sure your business will thrive after it leaves your hands, it’s about ensuring your business is built on a strong financial foundation that can generate wealth for generations. “To me, the whole advantage of taking the risk and building your business through your blood, sweat and tears is that you potentially have a payday,” explains Brent. “Otherwise, you might as well have stayed in your corporate job.”“That’s true,” agrees Sharon. “And so many people own a job, not a business. They think they're business owners, but they really own a job because they haven't done what they need to to create that economic engine.”Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features insightful interviews and discussions with bankers at National Bank of Arizona. Based on decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting nbaz.com/financial-cents.Buy Sharon's new book at exitrichbook.comCheck out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

You’ve heard the old saying before: “Failing to plan is planning to fail.” And while that little phrase may make for a great motivational poster, developing a usable, practical plan can be a difficult and overwhelming process for small businesses and nonprofits who don’t always have the time or resources to plan strategically.That’s why we turned to Dr. Carol Poore, a strategic planning expert, in this episode of Financial Cents. As the president of Poore & Associates Strategic Planning and the author of “Strategic Impact: A Leader’s Three-Step Framework for the Customized Vital Strategic Plan,” she’s more than qualified to help us understand how small businesses and nonprofits can turn strategic planning into actionable, measurable goals that can take the organization to the next level.“Strategic planning is a management process that envisions a future and develops current and new programs and strategies to achieve that future. A good strategic plan is vital, as in life-changing and life-giving to the organization and is a combination of three frameworks which revolve around a shared experience, a shared story and shared outcomes,” Poore says.“Strategy talks about how we’re going to get where we’re going, but strategic planning encompasses the why and talks about who we are and who we want to be,” adds podcast host Brent Cannon, executive vice president and director of community banking at National Bank of Arizona.But as Brent and Carol discuss in this episode, even plans with the best of intentions can turn into an obsolete “doorstopper” without accountability. Fortunately, Carol shares practical ways for small businesses and nonprofits to measure their success and rally their leadership team, ultimately helping to insure that the future that they envisioned comes to pass.Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features real answers to the real questions that Arizona businesses and individuals have about money. With each episode featuring veteran bankers from National Bank of Arizona, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting nbaz.com/financial-cents.Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

What is a home equity line of credit (HELOC), and how does it work? Is a home equity line of credit the same as a home equity loan or a mortgage? How can I obtain a home equity line of credit*? And finally, what are the best ways to use a home equity line of credit? Though it all may sound confusing, a home equity line of credit is actually quite simple and it can be a powerful tool to have in your financial toolbox.In this episode of Financial Cents, Brent Cannon, executive vice president and director of community banking, sits down with Ana Ochoa, vice president and private banking relationship manager, to discuss HELOCs. According to Ana, “a home equity line of credit is a line of credit that you use based on the equity you have in your home, whether it’s a primary home, second home or vacation home*”. She goes on to explain that unlike a home equity loan, “you can borrow and pay it off, and still have the credit available after you pay it off.”This makes a home equity line of credit a great financial tool, especially since there is no origination cost, no appraisal fees and no title fees. “It’s really a great source for a cash reserve based on the inexpensive nature of getting into a home equity line of credit,” Brent adds.For most folks, a home equity line of credit is commonly used for home improvement projects that ultimately increase the value of the home, consolidating debt or to have in case of unexpected emergencies or opportunities. According to Brent, home equity lines of credit are great for debt consolidation because the interest rates are so low.To conclude the discussion, Ana talks about the idea the home equity lines of credit are great to have in case of emergencies. “It's such an advantage because there are so many things that could happen, that it almost feels like the home equity line of credit could be a safety net for certain financial responsibilities that you may have,” she said.Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features real answers to the real questions that Arizona businesses and individuals have about money. With each episode featuring veteran bankers from National Bank of Arizona, Financial Cents provides the insights you can only get from a friend in the business.Subscribe from your favorite podcast platform by visiting nbaz.com/financial-cents.A division of Zions Bancorporation, N.A. Member FDIC.*Subject to credit approval and property evaluation. Terms and conditions apply. Contact a banker for details. NMLS #467014Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

What does a business need to do if they want to import goods from another country or export goods they produce? How can a bank facilitate imports and exports for Arizona businesses? And finally, who are Arizona’s largest trading partners, and how can businesses leverage that? While doing business across international borders may seem complicated, it doesn’t have to be. In this episode of Financial Cents, Brent Cannon, executive vice president and director of community banking, is joined by Marcos Garay, executive vice president and director of multicultural banking, and Mark Garfield, senior vice president and international banking regional manager, to discuss the ins and outs of international trade in Arizona – from how businesses can trade between countries to what it all means for Arizona communities.At its most basic level, international trade is simply the exchange of goods or services between countries. As Marcos explains, international trade can be as simple as a business in Arizona selling Canadian maple syrup that they purchase from a Canadian distributor. Despite that simplicity, however, the transaction can still have a lot of moving parts: for example, the business’s US dollars must be exchanged for Canadian dollars and all international trade agreements must be adhered to.That’s where a bank like National Bank of Arizona comes into play. Backed by Zions Bancorporation, National Bank of Arizona has the resources and know-how to both facilitate these international transactions and finance them. As Mark explains, “the bank is required to take care of the transaction and to finance the transaction.”Finally, Brent, Mark and Marcos discuss Arizona’s proximity to Mexico and how that impacts international trade in Arizona and ultimately, what that means for Arizona communities. “Mexico is Arizona’s largest trading partner, and some of the industries that are very important to Arizona’s international trade are mining, manufacturing of all types, technology and agriculture.”Financial Cents is hosted by Brent Cannon and features real answers to the real questions that Arizona businesses and individuals have about money. With each episode featuring veteran bankers from National Bank of Arizona, Financial Cents provides the insights you can only get from a friend in the business. Subscribe from your favorite podcast platform by visiting nbaz.com/financial-cents.Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

How can small businesses obtain Paycheck Protection Program loans? How are 2021 PPP loans different than last year’s round of loans? And perhaps most importantly, what can small businesses do after they obtain funding to ensure PPP loan forgiveness? With a new round of PPP funding available to eligible businesses, many small businesses likely have lots of questions about how the program works.That's why Brent Cannon, director of community banking, invited John Lewis, business banking manager, and Laura Schaeffer, director of operations and technology, to discuss some of these frequently asked questions. All three are veterans of the first round of Paycheck Protection Program funding that happened in the spring of 2020, and each offers a unique insight into how the program works.In this episode of Financial Cents, Brent, John and Laura take a look at the key differences between the initial round of funding made available in the spring of 2020 and this year’s round of funding, while delving into what we learned last year and how businesses can apply those lessons today. Along the way, they’ll walk listeners through the process of applying for a loan and explain what happens in between the initial application and receiving funds.In addition, they’ll discuss some of the expanded provisions of the program which allow small business owners to use some of the funding to purchase personal protective equipment (PPE) and necessary business upgrades that allow employees to continue working safely.As an SBA preferred lender, National Bank of Arizona has created a streamlined process that makes the application quick and simple. To get started with a PPP loan* application, eligible first- and second-time borrowers can simply go to NBAZ.com/cares to complete their online application in as few as 10 to 15 minutes. Financial Cents is hosted by Brent Cannon and features insightful conversations with bankers at National Bank of Arizona about real-world financial topics that matter to you. Leveraging decades of banking experience, Financial Cents provides the insights you can only get from a friend in the business.Subscribe on your favorite podcast platform or view full episodes at nbaz.com/financial-cents.*PPP loans subject to SBA approval. Restrictions may apply. See banker for details.Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

How much should small businesses borrow? How much business debt is too much? Borrowing may not be the best option for you or your small business. In this episode, two long-time bankers who have worked with numerous small businesses throughout Arizona explain that just because you can borrow, doesn’t mean you should. Business loans don't always lead to business growth, and in this episode, John and Brent explain why with real stories from their experiences.“That may sound crazy coming from a banker, but too often in my career, I’ve watched businesses with the ability and compacity to borrow… turned out that in the long run, they probably shouldn’t have borrowed. Or they should have been more selective in their borrowing,” says Brent Cannon.Brent Cannon, EVP, director of community banking at National Bank of Arizona is your host for Financial Cents, Arizona’s Financial Podcast. On this podcast, Brent and real bankers give insights that viewers could only get if they had a friend in the business. John Lewis, SVP, business banking manager at National Bank of Arizona, returns as guest. Tune into episode two as we address the common questions business owners ask and the common concerns bankers have before applying for a business loan. Subscribe on your favorite podcast platform or view full episodes at nbaz.com/financial-cents.A division of Zions Bancorporation, N.A. Member FDICCheck out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

What is an SBA loan? Who can apply for one? Is an SBA loan more expensive than other options? National Bank of Arizona is highly ranked by the Small Business Administration and proud to be an SBA preferred lender, increasing SBA Loans 272% in 2018.  We sit down with John Lewis, SVP, business banking regional manager at National Bank of Arizona, and ask him what is fact and what is a myth when it comes to SBA loans. “Over the years, I’ve talked to a lot of people and say, ‘Hey how about an SBA loan?’ and they get this scared look on their face… and really the process and the opportunity to obtain an SBA loan isn’t as painful as people might think” says John LewisBrent Cannon, EVP, director of community banking at National Bank of Arizona is your host for Financial Cents, Arizona’s Financial Podcast. Join us for episode four as Brent and real bankers give insights that viewers could only get if they had a friend in the business. Subscribe on your favorite podcast platform or view the full episodes of Financial Cents at nbaz.com/financial-cents.A division of Zions Bancorporation, N.A. Member FDICCheck out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

How do I sell my business? What steps do I need to take to retire from my small business? We’ve got three tips for you to consider. Our guest this episode is Jason Gove, vice president at National Bank of Arizona. He gives three tips to business owners looking to sell, exit or retire from their business. Brent Cannon, EVP, director of community banking is your host for Financial Cents, Arizona’s Financial Podcast.   On this podcast, Brent and his guests give insights that viewers could only get if they had a friend in the business. Jason Gove answers the top three questions every business owner should ask themselves before selling their business. 1) How do I get ready to sell the business?2) How do I diversify my family’s income? 3) Why should I prioritize a full risk audit?  Brent Cannon and real local bankers answering questions and providing insights as to what is happening in the Arizona market. You can't Google these answers folks. Find out why National Bank of Arizona is The Only Bank You Need.  Subscribe to watch or listen to the full episode to get all of Jason’s insights at nbaz.com/financial-cents. A division of Zions Bancorporation, N.A. Member FDIC Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

What is commercial real estate, and how is different than residential real estate? What kind of properties can be financed with commercial real estate loans? What types of commercial real estate loans are available? How do you get started with investing in commercial real estate? For those looking to start their real estate investment journey, commercial real estate offers a wide array of property types and sizes, from the single-tenant office building to large, multi-family residential properties. And it’s this wide variety of property types that can be appealing to investors as it allows you to create a truly diverse portfolio of investments over time.In this episode of Financial Cents, Mark Stebbings, executive vice president and director of specialty lending, and Jeff Melsek, real estate commercial portfolio manager, join guest host John Lewis, senior vice president and business banking regional manager, to discuss tips and strategies for those looking to purchase or refinance existing commercial real estate. Since even the best commercial real estate property needs the right financing to be successful, leveraging your relationship with your banker is a must. As Mark explains, “there’s no ‘one size fits all’ for a transaction.” And it’s in working with your banker where you can find a customizable solution for your specific transaction.With that in mind, Jeff goes on to discuss National Bank of Arizona’s new program for first-time or newer commercial real estate investors. “We’ve put together a program for commercial real estate financing but tailored it to meet the needs of these first-time or maybe newer commercial real estate investors,” said Jeff. “We pride ourselves on the fact that we are a smaller community bank and a relationship bank, so we are more than willing to help anybody who wants to get started in commercial real estate.”From going over the different types of commercial real estate loans to leveraging your relationship with your bank to get started, Jeff and Mark draw on their decades of experience in the industry to offer the types of insights and strategies that you could only get from a friend in the business.Subscribe on your favorite podcast platform or view full episodes at https://www.nbarizona.com/financial-cents/.Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

What is cash flow, and why is it so important to any small business? What are some cash flow management techniques? How do cash flow problems arise? What is treasury management and how can it help? For most small business owners, these can be very important questions, though may not always get the attention they deserve. Because the truth is, most small businesses don’t have the benefit of a chief financial officer, treasurer or an operations manager on the payroll. And with the sheer number of responsibilities a small business owner must attend to, they simply may not have the time to manage their cash flow the way they want. In this episode of Financial Cents, Zak Wagner, senior vice president and treasury management manager, joins guest host John Lewis, senior vice president and business banking regional manager, to discuss cash flow management for small businesses. As Zak explains, cash flow, in its most simple form, is the money coming in and the money going out for a business. Depending on the type of business, there could be hundreds of transactions a day – customers paying for products and services and the business paying vendors and suppliers. And keeping track of all of this is a vital part of keeping businesses solvent. The ideal cash flow strategy, according to Zak, is making things as simple and efficient as possible. Business banking should never be an afterthought, but it should be something a business owner can manage quickly and efficiently, with little interruption to their busy schedule. And that’s where leveraging the relationship you have with your banker can really help. If they know the ins and outs of your business and your processes for receiving or paying money, they can help identify treasury management products and solutions to simplify the process, giving you more time to spend doing what you love. Financial Cents features bankers from around National Bank of Arizona using their knowledge and experience to offer the kinds of insights and strategies that individuals and businesses could only get if they had a friend in the business. Subscribe on your favorite podcast platform or view full episodes at nbaz.com/financial-cents. A division of Zions Bancorporation, N.A. Member FDIC. Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

If you’ve been dreaming of building or remodeling your dream home, there can be a lot of financial considerations: what’s the best way to secure a construction loan? What do you do if you’re looking to sell the property you currently live in before moving into the new home being built? What happens with your construction loan once the new home is built and you’re ready to move in? There’s a lot to consider, and we’d certainly understand if you felt overwhelmed about building a home.In this episode of Financial Cents, Greg Geis, senior vice president and retail mortgage production manager, returns to chat with host Brent Cannon about how simple it can be – for you, your builder and your realtor – to finance or remodel your dream home with National Bank of Arizona.As Greg explains in this episode, our One-Time Close Construction Loan allows the client to lock in today’s interest rates even though the home may not be completed for another one to two years. Once construction is complete, the loan is then converted to a permanent home loan. And if you’re concerned about potentially having two loans at once – the home you’re building or remodeling and the home you currently own – we can accommodate that, too, since it’s likely you’ll be selling your current home at the end of construction.But it’s not just the client who can benefit from this type of construction loan – the builder and realtor do, too. With our local construction servicing group located in Phoenix, builders can get funds in as few as 3-5 business days from the time they submit a draw request. For realtors, they can refer clients who may not have identified a property, allow their client to get started in the process earlier.Hosted by Brent Cannon, executive vice president and director of community banking at National Bank of Arizona, Financial Cents features bankers from around National Bank of Arizona who share the kind of tips and strategies you could only get from a friend in the business.Subscribe on your favorite podcast platform or view full episodes at nbaz.com/financial-cents.A division of Zions Bancorporation, N.A. Member FDIC.Loans subject to credit approval. Terms and conditions apply. See a banker for details.Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/