Settings its sights on growing and prospering the minority-owned small business community in Arizona, National Bank of Arizona continues to unlock exciting expansion opportunities for these business owners in the community. The bank is bolstering its commitment to minority-owned markets by building relationships with local small business owners and creating access to capital. As part of our diversity, equity and inclusion commitment, we are investing in greater equity for these communities through our Small Business Diversity Banking Program. “We are committed to helping more businesses grow and prosper; however, we still have more small business owners to reach and more work to do to support their growth.” says Mayra Uribe, VP of multicultural banking, who recently joined NB|AZ to support new business development in diverse communities.
“Minority business owners are savers, they think ahead to the future, and they focus on people, their consumers. They work both on their business and in their business,” says Uribe. A bright future lies ahead for the minority-owned small business community and the bank’s role in providing products and services to help foster growth in the market.
According to U.S. Chamber leaders, minority-owned businesses are the fastest-growing small businesses, making up more than 50% of new businesses. “The time is now,” says Uribe. “Representation matters; our economy depends on diverse business owners.”
At NB|AZ, we have the people, the products, the delivery channels and all the resources and tools to support the growth of minority-owned businesses. We are not only interested in helping small business owners secure business financing, we are interested in creating a relationship and getting to know the ins and outs of their business. Knowing our customers allows us to expand the scope and breadth our footprint in the marketplace.
Small and medium-sized businesses are key to the growth of our state’s economy. Capital is vital for the growth of these companies. Financial competency can boost an already successful business.
Understanding challenges in growth, culture and language will help us build stronger relationships.
“National Bank of Arizona is passionate about helping small businesses succeed. The bank will have an ongoing effort to provide educational opportunities for small business owners and is committed to providing resources to help businesses flourish. Working together will increase opportunities for small businesses and provide a foundation for growth as the Arizona economy continues to accelerate forward,” says John Lewis, SVP of regional business banking manager.
Uribe and Lewis look forward to developing strong, sustainable relationships with Arizona small business owners by providing services to meet their needs. “We focus on you; our community,” say Lewis and Uribe.