HFAC Partnership Impact Report

In mid-March, as Arizona began to implement public health and safety measures, our community’s small businesses began a long hard uncharted road that was and is difficult to navigate. The journey continues as COVID-19 mitigations are still a critical part of containing this pandemic, but we at CIC would like to take a quick pause to give incredible thanks to those who helped support our emergency response work in the first few months of this crisis. 

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COVID-19 Emergency Relief Impact Report

In mid-March, as Arizona began to implement public health and safety measures, our community’s small businesses began a long hard uncharted road that was and is difficult to navigate. The journey continues as COVID-19 mitigations are still a critical part of containing this pandemic, but we at CIC would like to take a quick pause to give incredible thanks to those who helped support our emergency response work in the first few months of this crisis. 

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COVID-19 Emergency Loan- Originate Natural Building Materials

“Originate started off 2020 with our 4th best 1st quarter in our 16-year history as a company. Then COVID hit with stay at home orders and our revenue for April and May dropped by almost 50%. That was scary and we were trying to figure out how to navigate uncharted territories. I feel a sense of calm now.” Natasha Winnik, Owner/Founder

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VOLUNTEER SHOUT OUT!

Jeff brings varied experience and vast knowledge to his volunteer work having been a small business consultant, a strategic analyst, and Angel Investor for twenty years. With expertise in HR, PR, finances, management, marketing, and everything business, Jeff also serves on the National Small Business Association and is a member of the National Regulatory Fairness Board.

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Fundamentals of Business Finance: Part 2 – The Balance Sheet

Have you ever been asked “How much is your business worth?” and not known what to say? Have you heard of a Balance Sheet but don’t know what it is, what it does, or what it’s “balanced?” 

The course below will cover the basics of one of the three most important financial documents in business, the Balance Sheet. You’ll learn: 

  1. How to read a Balance Sheet, and its three primary components: Assets, Liabilities, and Equity.
  2. What steps to take to prepare a simple Balance Sheet, so you know what your business is worth.
  3. You’ll learn about simple tools (paper, pencil, and calculator) and cloud-based solutions.

 

This class was developed by CIC staff who combine expertise in finance, banking, and education. In our approach, we strive to make the materials accessible to all audiences. We hope you enjoy it!

The Balance Sheet

Original Air Date: Thursday, May 28, 2020.  

CLICK HERE to view all the resource materials shared in this course. 

Fundamentals of Business Finance: The Profit & Loss Statement

Have you ever been asked “How profitable is your business?” and not known what to say?  Have you ever tried seeking funding for your business and come to a dead end when you were asked for your “P&L”? 

The course below covers the basics of one of the three most important financial documents in businessthe Profit & Loss Statement (or “P&L”).  You’ll learn: 

  1. How to read a P&L from top to bottom 
  2. How to organize your information into a P&L   
  3. The role of the P&L in seeking financing (e.g. a loan, investor, etc.) 

This class was developed by CIC staff who combine expertise in finance, banking, and education. In our approach, we strive to make the materials accessible to all audiences. We hope you enjoy it!

The Profit & Loss Statement

Original Air Date: Thursday, May 21, 2020.  

CLICK HERE to view all the resource materials shared in this course. 

COVID-19 Emergency Loan- Eclipse Clinical Research

“We are forever grateful to CIC for helping during these unprecedented times. Thanks to CIC we were able to pay all of our employees while waiting for PPP and EIDL loans to process. I’d like to send a special thank you to Brian from the Loan Team who was wonderful to work with and kept us updated through every step of the process” Felice Anderson, President ​

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COVID-19 Emergency Loan- Kinetic Arts Tucson

​”I’m really grateful for the loan and the part the loan played in helping me survive this pandemic. Not only survive, but thrive! We are not just a dance studio. We work really hard to support artists and marginalized people. Closing was not an option. I fought really hard to get the resources to stay open. We reopen June 1st and thanks to the assistance from CIC, we made it and we will be back….. better than ever!” Breanna Mirae, Owner Kinetic Arts Tucson​

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