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PHX Reporter

Tuesday, November 5, 2024

Arizona Department of Financial Institutions issues one advance fee loan broker license in zip code 85225 during Q4

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The Arizona Department of Financial Institutions issued one advance fee loan broker license in the zip code 85225 during the fourth quarter, according to the State of Arizona.

More than 99 percent of Arizona's businesses are considered small with more than 40 percent of Arizona employees working for small businesses, according to the U.S. Small Business Administration.

A study by Civic Economics found that when $100 is spent at a locally-owned business, that business puts $47 back into the local economy while the total is just $13 for non-local businesses.

Licenses issued by Arizona Department of Financial Institutions during Q4
License HolderLicense TypeIssued DateLicense Number
Michael John Eli BurnsAdvance Fee Loan Broker2020-11-19ALB-1014910

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