Arizona MultiBank Community Development Corporation is a partnership among 18 Investing Banks
and the community. An initiative of the Arizona Bankers Association
, MultiBank provides financing and access to technical assistance for the advancement of small businesses, low-and-moderate income housing, nonprofit organizations and economic development.
MultiBank often closes the gap between a borrower's credit needs and funding available through traditional lending sources. Innovative direct-financing products facilitate conventional lending and leverage other private and public funds whenever possible.
Investing Banks have committed more than $10 million to spread the risk and the expense, and to concentrate expertise on satisfying legitimate community credit needs in Arizona that might otherwise go unmet. Requests for financing are analyzed using a system that integrates a discipline credit-assessment process with decision-making flexibility. MultiBank's financing products are responsive and dynamic, as dynamic as the ever-changing needs and vibrant dreams in the community.
We are proud of the success of our borrowers. Their enthusiasm is contagious and their resourcefulness, commitment and hard work reflect the true entrepreneurial spirit.
We also want to acknowledge the leadership and participation of our Board of Directors and Investment Committee as well as community leaders, Investing Banks and our public partners. Their collective efforts help us build the capacity to support community projects over the long-term.
The people and projects funded by MultiBank represent the community's creative and demographic diversity. We look forward to the challenges and opportunities ahead.