Because of its lending strategies, FINOVA had higher risk in virtually all of its lending
divisions. For example, it was highly invested in high-tech companies because they t the
category of too new and too risky for banks.
However, FINOVA edged into the Fortune 1000 and built new company headquarters
in Scottsdale, Arizona, as part of a revitalization project there. Its headquarters housed
380 employees, cost $50 million to construct, and was located just north of the tiny
Scottsdale Fashion Square shopping mall. FINOVA had about 1,000 other employees at
oces around the world.