Story last updated at 11/19/2008 - 4:23 pm
An Alaskan-owned financial consulting business has expanded its services and partnered with several outside entities in an effort to increase options for rural and urban business in the state.
Financial Inc., started by Jason Evans and Mike Orr, has undergone some changes that will offer Alaskan-based business what its calling improved services.
The company is now called Financial Alaska, and offers not only financial loan and investment services, but will now offer professional accounting, economic development, tax credit programs, and Small Business Administration and USDA loan program consulting. The company will soon offer to broker buying and sales of Alaskan-based small businesses.
Another change, Evans said Orr left the company and joined Wells Fargo Bank.
"Our biggest change was my good friend and business partner Mike Orr decided to leave our company and move back to the corporate world of banking," said Evans. "Although Mike left a void that will be hard to fill, we wish him the best in his new endeavors with Wells Fargo."
Hoping to improve banking opportunities for rural Alaska businesses entities, Evans says the company has partnered with Louisiana-based Feduccia and Co. Inc.
"This relationship should offer economic development, government enhancement programs for business including: tax credit programs, SBA and USDA loan programs," said Evans. "I have worked with the principal of Feduccia and Co. Inc., Chris Feduccia, for more than 10 years and am excited about the new partnership."
In addition, Evans says Financial Alaska will offer professional accounting services to municipal government entities throughout the state and has added Joe Kashevarof as a managing partner.
"After launching our expanded services, Financial Alaska Accounting started working with the city of St. George and the city of Galena," said Kashevarof. "Our accounting division continues to grow and provide much needed accounting services to rural Alaska clients."
Financial Alaska Accounting specializes in audit preparation, bookkeeping and payroll services.
According to Evans Financial Alaska has purchased a business selling and buying franchise with Sunbelt Networks.
Sunbelt is a network that specializes in buying small businesses valued at $50,000 to $10 million. The network boasts of more than 300 locations nationally and has over 1,400 brokers in North America, South America, Europe, Asia, Africa and Australia.
"We bought this franchise in May, and hope to have it fully launched in late December 2008 or early in January 2009," said Evans.
Financial Inc. was formally the combination of Orr and Evans, who worked in the finance arena with Arctic Slope Regional Corp. and Alaska Growth Capital before striking out on their own.
Financial Inc. specialized in raising capital for capital-intensive industries and offered financial consulting to medium and small businesses with less than $25 million in revenues.
The buyout of Cape Smythe Air Service by Frontier Flying Service was perhaps their biggest accomplishment in their first year of business in 2005.
The original goal of their initial business plan was to help rural Alaska businesses get the financing they needed.