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Financial Services

Bright forecast for economy: Accountants see reasons for optimism (access required)

Anyone doubting the vibrancy of our economy should talk to their CPA. “Accountants and business leaders are more optimistic over the last couple of quarters about expectations for the economy,” said William E. Balhoff, vice chairman of the American Institute ...

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How small businesses can avoid loan rejection

Thousands of stunned small business owners call Dun & Bradstreet Credibility Corp. each week after they’re turned down for a loan. Jeff Stibel, CEO of the business-credit reporting company, has a message for them: Don’t blame the bank. Instead, he says, ...

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SBA rule changes could scrap the wealth test (access required)

Marilyn Hickman, SBA loan resource officer for Zions Bank in Boise, Idaho

You’ve heard the time-honored complaint that banks are best at lending money to people who don’t really need it. Not so, says the Small Business Administration. Now, as the agency falls short of lending targets and eyes a decrease in ...

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Happy Family acquisition means happy local investors (access required)

International food company Danone, which owns brands including Dannon, Activia and Evian, acquired organic baby food company Happy Family Brands in May. The financial terms of the deal, which still face regulatory approval, haven’t been disclosed, though some early investors ...

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FTC briefs U.S. Senate committee on credit reporting accuracy (access required)

Errors in credit reports can cause businesses to deny credit to potentially valuable customers, a director of the Federal Trade Commission warned a U.S. Senate subcommittee earlier this month. “The Commission recognizes the importance of accurate and complete credit reports, ...

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Investment bank to open capital to mid-sized companies (access required)

Headwaters MB, a merchant bank based in Denver, has opened a Boise office. Managing director Jerry Sturgill hopes the new office can help mid-sized companies looking for capital or help with mergers and acquisitions. The bank, which has its own ...

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Smoky Mountain Pizzeria Grill president wins top Idaho SBA honors (access required)

Dan Todd, president of Smoky Mountain Pizzeria Grill, has won the Small Business Administration’s Idaho Small Business Person of the Year award. Todd received the award after Smoky Mountain continued to expand even during the recession, adding new employees and ...

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Chase adds business banking staff (access required)

Chase Bank has hired two relationship managers from other local banks in its business banking division in Idaho as part of an effort to increase services for mid-sized companies. Tammy Chavez is a former vice president in business banking with ...

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Bill would ease regulatory burden on community banks

The U.S. House of Representatives is considering a bill that would roll back provisions of the Dodd-Frank financial reform act and give community banks greater ease in raising capital and issuing mortgages. The legislation comes as federal regulators are finally ...

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MWI posts higher profits, revenues

Profits and revenues at MWI Veterinary Supply both increased by more than 10 percent in the first quarter of 2013, the Boise-based company reported May 2. The company reported $15.1 million in net income from January to March, up 14.6 ...

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