Your Virtual Credit Manager

APRIL 16, 2024

Make sure you and your team understand the basics of the Uniform Commercial Code, Bankruptcy Statutes, and other regulations to avoid compliance pitfalls and missed opportunities to secure payments. Learn More About Credit Reports Please feel free to share this newsletter with your small business customers. Share Read more

Accounts Receivable (AR) 130

Accounts Receivable (AR) Debt Collections Credit and Collections Collector 130

NorthOne

JUNE 27, 2023

Poor cash flow management can lead to missed opportunities, increased borrowing costs, and even bankruptcy. Automate Your Finances With NorthOne NorthOne offers cutting-edge financial automation tools like Invoice Payments, along with superior banking for small businesses.

Small Businesses 52

Small Businesses Bankruptcy Transactions 52

Your Virtual Credit Manager

MARCH 19, 2024

Learn More About YVCM Services Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. More About Purchasing Credit Reports Please feel free to share this newsletter with your small business customers.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Accounts Receivable (AR) 100

Fundera

OCTOBER 20, 2018

How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps. Evaluate your business’s financial situation and goals. Recognize the red flags of bankruptcy mills. Source bankruptcy lawyers through referrals, bar associations, and legal directories. Compare bankruptcy lawyers by asking the right questions.

Business Bankruptcy 59

Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 59

BitX Funding

DECEMBER 13, 2022

Many small business owners find it difficult to obtain capital to grow their businesses without credit or a poor credit history. There are still options out there for getting a small business loan with bad credit. It is more difficult than ever to do business in today’s economy.

Small Businesses 52

Small Businesses Credit Scoring Credit Unions Bankruptcy 52

tillful

MAY 31, 2023

Amidst fintech lenders closing up their small business operations plus recession rumors, there’s been a bit of concern about credit crunches, and if we’re in one. A real-life example of a credit crunch What do credit crunches mean for small businesses? What does a credit crunch mean for small businesses?

Small Businesses 52

Small Businesses Credit Scoring Default Credit Unions 52

ForwardAI

JANUARY 11, 2023

They risk losing their whole business waiting on an unpaid invoice, which contributes to a quarter of bankruptcies. The post How Small-Business Owners Can Help Cork Cashflow Problems appeared first on ForwardAI. Originally published on Forbes.com.

Small Businesses 52

Small Businesses Bankruptcy Transactions 52

Your Virtual Credit Manager

MAY 2, 2023

Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. Please feel free to share this newsletter with your small business customers. economy grew at 1.1% economy grew at 1.1%

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Bankruptcy Credit and Collections Accounts Receivable (AR) Default 100

Fundera

MARCH 14, 2019

7 Steps to Eliminate Small Business Debt. That feeling is heightened when you’re dealing with business debt, and you’re facing the possibility of losing your business altogether. Before tackling business debt, you need to have a solid understanding of your current financial situation. Reduce expenses.

Small Businesses 92

Small Businesses Bankruptcy Credit and Collections Debt Collections 92

Your Virtual Credit Manager

JANUARY 31, 2023

Cash flow problems: The primary reason businesses declare bankruptcy is liquidity issues, so it should come at no surprise that cash flow problems are a top reason for a business paying late. they are a small business waiting to get paid on a big project) or a sign of financial distress.

Credit and Collections 246

Credit and Collections Past Due Invoices Bankruptcy Credit Management 246

Fundera

AUGUST 25, 2017

What will become of your business once you’re no longer involved, and how will you come out on top? There are various options for a small business owner when they are ready to exit—and many reasons for that exit. For more information, the Small Business Administration also has a comprehensive guide.

Small Businesses 96

Small Businesses Bankruptcy 96

Your Virtual Credit Manager

APRIL 30, 2024

In addition, extended terms increase your exposure to customer bankruptcies and the resulting non-payment. The experts at Your Virtual Credit Manager are currently offering 33 percent off our standard small business consulting rates. Learn More About Credit Reports Please share this newsletter with your small business customers.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Credit Risk Bankruptcy 100

Your Virtual Credit Manager

AUGUST 22, 2023

Selling to new businesses on credit terms has always meant taking on more risk than is involved with established businesses, but recent substantial increases in inflation, interest rates, and labor costs raises the specter of a large number of business defaults for the foreseeable future. Furthermore, 86.5

Credit and Collections 130

Credit and Collections Bad Debt Credit Risk Bankruptcy 130

Fundera

JANUARY 20, 2019

6 Small Business Growth Strategies and Indicators. Small businesses, like people, don’t necessarily grow all at once. Just as we use many measures to show a person’s growth—in height, weight, age, and accomplishments—we evaluate business growth using a variety of factors. What Is Small Business Growth?

Small Businesses 106

Small Businesses Bankruptcy 106

Fundera

OCTOBER 23, 2017

If you find yourself struggling with small business debt, start with these steps to help eliminate what you owe and get your business back in good financial standing. Before tackling business debt, you need to have a solid understanding of your current financial situation. Assess and rework your budget.

Small Businesses 92

Small Businesses Bankruptcy Credit and Collections 92

Fundera

OCTOBER 28, 2017

Still, despite millennials being the most educated generation to date, factors like slowing asset accumulation, rising student debt, and coming of age during the Great Recession have made starting a small business a relatively rare thing for this demographic. Shrinking Net Worth and Increasing Student Loans.

Small Businesses 67

Small Businesses Bankruptcy 67

Your Virtual Credit Manager

DECEMBER 26, 2023

If you have more than a few customers or you have been in business several years, chances are you have dealt with customers who pay late, have defaulted or are at risk of default. For the past year, the number of commercial bankruptcies has been trending upward and is at a 4-year high. If you haven’t, you almost certainly will.

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Collector Credit and Collections Default Third Party Collections 130

Your Virtual Credit Manager

DECEMBER 27, 2022

Please share this newsletter with your small business customers. Share Determining Creditworthiness For these reasons, creditworthiness is a fundamental consideration when granting credit to a business customer. A business's credit history also includes any past bankruptcies or defaults, as well as collection agency placements.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 130

Your Virtual Credit Manager

AUGUST 1, 2023

Commercial bankruptcies began rising earlier this year after an unprecedented lull during the Covid crisis. Historically, bankruptcies have tended to peak after an economic crisis has passed and that appears to be what is happening now. During Covid, we also saw an unprecedented number of new business formations.

Bankruptcy 130

Bankruptcy Chapter 11 Chapter 7 Bad Debt 130

Fundera

NOVEMBER 24, 2015

Follow our checklist’s 6 steps to maximize the potential of your small business loan application, and secure the financing your business needs to flourish. Check Your Business and Personal Credit Rating. Assemble All Relevant Business Documents. Always use a conservative business case in your planning.

Small Businesses 76

Small Businesses Credit Reporting Agencies Bankruptcy 76

Fundera

JANUARY 20, 2019

6 Small Business Growth Strategies and Indicators. Small businesses, like people, don’t necessarily grow all at once. Just as we use many measures to show a person’s growth—in height, weight, age, and accomplishments—we evaluate business growth using a variety of factors. What Is Small Business Growth?

Small Businesses 75

Small Businesses Bankruptcy 75

Your Virtual Credit Manager

APRIL 2, 2024

For instance, bankruptcy within the next two years is more easily defined than the more nebulous state of financial distress. Despite these shortcomings, commercial credit scores can be valuable tools for a company offering trade credit to other businesses. it just might help them pay you sooner.

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Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Fundera

JANUARY 13, 2016

Selecting a lender that reports to one of the major business credit bureaus, like Experian , Dun & Bradstreet , or Equifax , and making all payments as agreed will strengthen your business profile. Here are six small business lenders that report to the business credit bureaus. Funding Circle.

Small Businesses 57

Small Businesses Bankruptcy Invoice Amount 57

Fundera

MARCH 27, 2017

9 Businesses from 4exit4 on Vimeo. As it rebounds from bankruptcy, Detroit is attracting buzz as a city ripe for business development and creative growth. This inspiring video profiles just a few of the entrepreneurs already embracing Detroit as a cultural and economic hub and revitalizing the city as only small businesses can.

Small Businesses 40

Small Businesses Bankruptcy 40

Fundera

SEPTEMBER 7, 2016

Big banks and small business lending—how do they fit together? With increasingly tight lending standards, the biggest banks don’t give out nearly enough business loans to small business owners who need financing. billion to small businesses. billion to small businesses. Definitely not.

Small Businesses 59

Small Businesses Credit Scoring Bankruptcy Credit Reporting Agencies 59

Fundera

NOVEMBER 9, 2016

So, small business owner, you need to finance your business… Who’s going to be the small business lender to step up and meet your financing needs? But with signs that commercial banks are opening their credit to small business owners , now’s a great time to consider bank loans for your business.

Small Businesses 82

Small Businesses Credit and Collections Default Bankruptcy 82

lsq

DECEMBER 12, 2023

Finding a partner that is as fast paced and responsive as a small business has been a real blessing.” As QualDoc grows their business, they need additional liquidity for their clients who don’t take advantage of the Qwil solution.

Credit and Collections 52

Credit and Collections Bankruptcy Small Businesses 52

lsq

DECEMBER 12, 2023

Finding a partner that is as fast paced and responsive as a small business has been a real blessing.” As QualDoc grows their business, they need additional liquidity for their clients who don’t take advantage of the Qwil solution.

Credit and Collections 52

Credit and Collections Bankruptcy Small Businesses 52

Lendio

APRIL 11, 2024

For small businesses, the margin of error is much thinner. An acquisition flop doesn’t usually end in a setback—it ends in layoffs and bankruptcy. But if you get it right, wow, can your small business hit the jackpot. How to finance a small business acquisition. Small business loan.

Small Businesses 95

Small Businesses Bankruptcy Credit Scoring Transactions 95

Fundera

DECEMBER 25, 2018

M&T Bank Small Business Loan Options, Summarized. Business lines of credit. Business term loans. Business equipment loans. Beyond SBA loans, M&T Bank offers some pretty stellar small business loan options. See Your Business Loan Options. M&T Bank Business Term Loans.

Small Businesses 40

Small Businesses Credit Scoring Bankruptcy 40

Your Virtual Credit Manager

DECEMBER 6, 2022

Under-performing AR has the potential to create a cash flow crisis that can shut down your business in very short order. Cash Flow is the number one cause of small business bankruptcies. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

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DSO Credit and Collections Bad Debt AR Aging 130

tillful

JUNE 14, 2023

as a consumer credit reporting company, but it also collects information on millions of businesses and provides business credit reporting services. Building a good business credit score with Experian can open many doors like helping your small business get approved for a lease and earning you competitive business loan offers.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 52

tillful

FEBRUARY 28, 2023

Have you heard about the FICO Small Business Scoring Service (SBSS)? Like most business credit scores, the SBSS helps lenders and service providers understand the level of credit risk that businesses present. small business credit applicants. Public records : Any public records such as bankruptcies or liens.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Bankruptcy 98

Fundera

JANUARY 19, 2019

Liquidate the business. File for bankruptcy. As a business owner, you should always be thinking about your next move. In some cases, that’s your business exit strategy. Even if it’s technically your last move, an exit strategy for small business in particular is something you should keep in mind. .

Bankruptcy 96

Bankruptcy Chapter 7 Small Businesses 96

Your Virtual Credit Manager

FEBRUARY 28, 2023

While bankruptcy filings have not increased substantially in the past year, they have begun to tick up and it is widely anticipated that filing will continue to increase as pandemic relief is finally spent, revenues decrease due to a faltering economy, and costs increase due to inflation and rising interest rates.

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Your Virtual Credit Manager

DECEMBER 20, 2022

Why not share this newsletter with your small business customers. The good news is that in a bankruptcy, you will be ahead of all the general unsecured creditors. Readers of Your Virtual Credit Manager can now access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner Accredit.

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Deductions Credit and Collections Bad Debt Credit Risk 130

Your Virtual Credit Manager

MAY 16, 2023

Often, small orders are better handled on cash in advance terms or via a credit card transaction rather than the granting of open credit terms. Please feel free to share this newsletter with your small business customers. Small businesses are less risky customers than large businesses.

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Bad Debt Credit and Collections Default High-Risk Accounts 100