San Diego Business Journal

SD FINANCE

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

Debt Reset

The SBA 504 Refinance Program Gives Businesses Chance to Increase Cash Flow By Cutting Interest Rates on LoansGreg Strangman was in a bind when the loan he took out to open The Pearl Hotel on Point Loma came due in 2012.

By Ray Huard June 23, 2016 2:34 p.m.   $$ Share

S.D. County Business Confidence Rebounded in May

The San Diego business community’s outlook is regaining stability after erratic confidence in recent months, the San Diego Regional Chamber of Commerce reported.

Grandpoint Division to Offer Cyber Crime Insurance

Grandpoint Bank, parent of La Jolla-based Regents Bank, has created a new division to address growing concerns about cybercrime within the banking industry.

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Assessments Often Unsupported by Market Values

Although the economy as a whole has shown signs of life after the Great Recession, the recovery is not being driven by commercial real estate prices and values. It is more accurate to describe the economic recovery as occurring despite the ongoing distress affecting some segments and submarkets of the commercial real estate market.

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Gift to Rescue Mission Adds to the Hope, Comfort It Provides

The San Diego Rescue Mission received a special delivery of 300 new mattresses donated by online luxury mattress company, Leesa Sleep LLC. The mattresses will be used in the Mission’s emergency shelters, men’s recovery programs, recuperative care unit and transitional programs. The donation, with a retail value of more than $60,000, will enhance the way the Mission addresses the needs of those it serves.

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HCAP Partners Promotes Frank Mora

San Diego-based private equity firm HCAP Partners, formerly Huntington Capital, has promoted Frank Mora to partner, the company announced Thursday.

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Banks Decide to Redirect Rather Than Reject Some Borrowers

LENDING: Banks Back CDFIs With Referrals and Grants

No matter the ebbs and flows of the U.S. economy, small business owners and entrepreneurs who can’t qualify for conventional loans are still getting financing help from banks eager to keep them as clients as the businesses grow.

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Breakdown of VC Investment Finds 92121 in a Prime Spot

FINANCE: Sorrento Valley Ranked Fifth With $568M in 2013

Twenty neighborhoods in the U.S. accounted for more than $10 billion in venture capital in 2013 — and one of them was in San Diego, according to a report.

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Data Driven

Veyo Uses Predictive Analytics to Help Steer Its Nonemergency Medical Transportation Business

Years before he became president of Veyo, Josh Komenda had two jobs. He was an engineer at a big tech firm. And he had a “hobby company” on the side.

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Challenging Startup Terrain Is McKee’s Kind of Testing Ground

STARTUPS: Leader of CONNECT Has Goal of Ten $1 Billion Companies

Never judge a man by his suit, they say, but Greg McKee’s is quite telling. His charcoal jacket is flawlessly fitted and pressed: a sleek nod to his life on Wall Street. His pocket square, however, is a risky spot of flair; a colorful homage to the startup world in which he now works.

Region's Economic Growth to Remain Sluggish, Report Says

Economic growth will remain sluggish for the region's small businesses, with the exception of real estate-related firms, according to an analysis by the National University System Institute for Policy Research.

Survey Finds 1-in-5 Tech Execs Looking to Expand Staff

More than one-fifth of technology executives in the San Diego area plan to expand their IT teams in the second half of 2016, according to a survey released Tuesday by Robert Half Technology.

CUSO Financial Picks Up Los Angeles-Based Credit Union

San Diego brokerage firm CUSO Financial Services LP has picked up a new client, a Los Angeles-based credit union that recently launched an investment services program.

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Charity Gala Gives At-Risk Kids the Support Needed to Succeed

More than 300 supporters gathered at the Inn at Rancho Santa Fe for Father Joe’s Villages’ 2016 Children’s Charity Gala. Guests raised more than $300,000 in funds for at-risk youth in San Diego, including Toussaint Academy and the Therapeutic Childcare Center.

TVC Capital Leads $15M Series A Investment in BitTitan

FINANCE: Leadership, Lean Operation Appeal To San Diego Firm

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

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Leong Named Vice President of Finance at ID Analytics

ID Analytics LLC said June 13 that it named Peng Leong as vice president of finance. He will report to CEO Scott Carter.