Fundera

DECEMBER 17, 2019

Improve your profit by removing unprofitable products and services. What Is Small Business Growth? First, the basics: What is small business growth, exactly? Increase demand through strategic partnerships. Boost revenue by improving your conversion rate. Increase sales by creating a sales funnel.

Small Businesses 138

Small Businesses Bankruptcy 138

Lendio

MARCH 31, 2023

The cost of goods sold is one of the most important income statement line items to understand. Here’s what you should know about it, including what it is, how to calculate it, and why it matters. Here’s what you should know about it, including what it is, how to calculate it, and why it matters.

Small Businesses 52

Small Businesses 52

Due

APRIL 16, 2024

The best con artists are the ones who know exactly what they’re doing, whether it’s a debt collection, credit card phishing , or imposter scam. But what happens when a financial advisor scams you? Following this blog post, you can break free of a scammy advisor’s clutches and reclaim control over your finances.

Credit and Collections 52

Credit and Collections Credit Card Companies Debt Collections Transactions 52

Lendio

AUGUST 14, 2023

When it comes to small business loans, the US Small Business Administration (SBA) isn’t just a federal agency. It’s an institution. For example, in 2017 the SBA helped connect entrepreneurs with 68,000 loans through the 7(a) and 504 loan programs alone. These 2 programs provided a total of $30 billion to American small businesses.

Credit and Collections 98

Credit and Collections Credit Scoring Nonprofit Organizations Default 98

Lendio

NOVEMBER 10, 2023

What is an SBA 7(a) loan? What can an SBA 7(a) loan be used for? The most popular way the SBA furthers its mission is through SBA 7(a) loans—if your business qualifies, you can get funding backed by the government that can help take your enterprise to the next level. They’re also commonly sought for refinancing existing business debt.

Brokerages 98

Brokerages Small Businesses Credit Scoring Transactions 98

Lendio

MARCH 13, 2023

What Is Accounts Receivable? What is Accounts Receivable? Here is the journal entry: Debit Bad Debt Expense Credit Accounts Receivable This will cause your business’ net income on its profit and loss statement to decrease because bad debt expense is an expense account.

Allowance for Doubtful Accounts 52

Allowance for Doubtful Accounts Bad Debt Credit and Collections Credit Sales 52

Lendio

MAY 2, 2023

Here’s what you should know about it, including what it is, how to calculate it, and how it can help guide your strategic business decisions. Here’s what you should know about it, including what it is, how to calculate it, and how it can help guide your strategic business decisions. What Is The Break-Even Point?

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Lendio

OCTOBER 17, 2023

You should determine how much money you need, what that loan amount will purchase, and how you’ll pay it back. To better grasp your loan options and what your business can afford, you can use a business loan calculator to see how much your payments will be, depending on variables like interest rate, loan terms, and more.

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses Transactions 98

Lendio

DECEMBER 7, 2023

In this blog post, we’ll discuss the steps you can take to secure financing for your commercial property. What is a commercial real estate loan? If you’re considering purchasing commercial real estate , it’s worth exploring the option of a commercial real estate loan , also known as a commercial mortgage.

Credit Scoring 52

Credit Scoring Credit Unions Small Businesses Default 52

Fundera

JANUARY 20, 2019

Improve your profit by removing unprofitable products and services. What Is Small Business Growth? First, the basics: What is small business growth, exactly? So, let’s see what numbers define small business growth and some top strategies for improving those numbers. 6 Small Business Growth Strategies and Indicators.

Small Businesses 106

Small Businesses Bankruptcy 106

Due

JANUARY 5, 2024

As of 2022, 12.4% of Americans lived in poverty, up from 11.2% in 2021 This marks the first increase in SPM poverty rates since 2010. This is an unfortunate question that is laced with shame, frustration, and a desperate longing for more. It also deserves a thoughtful response, not a quick answer. Systemic inequities. Generational poverty.

Bankruptcy 91

Bankruptcy Credit Card Payments 91

Fundera

APRIL 24, 2019

QBO Blog – This is the official QuickBooks blog , providing tips, tricks and product updates. How to Use QuickBooks Online: 12 Resources. Quickopedia. QuickBooks Connect Conferences. Intuit Academy. Real World Training. Intuitive Accountant. Scaling New Heights Conference. Between Wall and Main. Meetup Groups. The QB Show.

Credit Card Payments 89

Credit Card Payments Transactions Small Businesses 89

Abrigo

JANUARY 11, 2022

Asset/liability management basics In part 1 of this "Introduction to ALM" blog series, learn the goals of asset/liability management and how it can help financial institutions. Takeaway 1 ALM in banking means managing the cash flows of assets and liabilities to increase profitability, manage risk, and maintain safety and soundness. .

Credit Unions 78

Credit Unions Credit and Collections Credit Risk Default 78

Abrigo

JANUARY 4, 2023

The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector," read a joint statement from the Federal Reserve, FDIC, and the OCC. Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert.

Cybersecurity 78

Cybersecurity Credit Unions Credit and Collections Transactions 78

Lendio

NOVEMBER 14, 2023

But what exactly is an SBA loan? In this blog post, we’ll dive into the details of what SBA loans are and help you understand if getting one is the right option for your business. SBA Loans What is an SBA loan? Types of SBA loans Pros of SBA loans Cons of SBA loans What is required to get approved for an SBA loan?

Credit Scoring 52

Credit Scoring Small Businesses Credit Unions Default 52

Abrigo

JANUARY 14, 2021

As part of the new $2 trillion coronavirus stimulus bill, the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act (Economic Aid Act), Congress authorized round three of PPP funding. How can they be better prepared to prevent fraud in this next round? Would you like others articles like this in your inbox? PPP Fraud Spikes.

Bad Debt 78

Bad Debt Small Businesses Transactions Default 78

Abrigo

SEPTEMBER 16, 2020

The what-if scenarios available in an ALM model help you weigh options in budgetary decisions. Key Takeaways A good asset/liability management (ALM) model has a wealth of information and tools that can be used in the budgeting process. An ALM model can help budgeters consider the impacts of the pandemic on balance sheets and strategies.

CECL 78

CECL Credit Unions Default 78

Abrigo

SEPTEMBER 16, 2020

The what-if scenarios available in an ALM model help you weigh options in budgetary decisions. Key Takeaways A good asset/liability management (ALM) model has a wealth of information and tools that can be used in the budgeting process. An ALM model can help budgeters consider the impacts of the pandemic on balance sheets and strategies.

CECL 78

CECL Credit Unions Default 78

Lendio

MAY 26, 2023

Entrepreneurs who want to operate a franchise location must choose whether to start a new establishment or purchase an existing business. While opening a new location comes with its own perks, those who decide to buy an existing franchise will find other benefits, such as pre-trained staff and an established reputation.

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Fundera

JANUARY 20, 2019

Improve your profit by removing unprofitable products and services. What Is Small Business Growth? First, the basics: What is small business growth, exactly? So, let’s see what numbers define small business growth and some top strategies for improving those numbers. 6 Small Business Growth Strategies and Indicators.

Small Businesses 75

Small Businesses Bankruptcy 75

NorthOne

MAY 2, 2023

Shawn shares his key financial and operations advice for construction businesses, the business systems he teaches at the Built to Build Academy ®, how he discovered Profit First, and the books he recommends entrepreneurs read. And so that really is what got me into residential general contracting and then found that I really liked that too.

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Fundera

JULY 14, 2018

Here, we’ll go over six of the best indicators for business growth: demand, profit, revenue, sales, market share, and personnel. To give you a clearer picture of what we mean, though, here are some common KPI examples : Monthly sign-ups. 6 Best Indicators of Business Growth. Market share. How to Accurately Estimate Growth.

Small Businesses 75

Small Businesses Bankruptcy 75

Credibly

MAY 17, 2023

In this blog, we’ll review the top 5 business loans for freelancers, how you can get funding, and what you should keep in mind with financing. Despite this, many are turning toward self-employment opportunities. Construction makes up the largest piece of the self-employment sector , accounting for 16.5%

Credit Scoring 40

Credit Scoring Credit and Collections Credit Unions Invoice Amount 40

Credibly

MAY 17, 2023

In this blog, we’ll review the top 5 business loans for freelancers, how you can get funding, and what you should keep in mind with financing. Despite this, many are turning toward self-employment opportunities. Construction makes up the largest piece of the self-employment sector , accounting for 16.5%

Credit Scoring 40

Credit Scoring Credit and Collections Credit Unions Invoice Amount 40

Lendio

JANUARY 9, 2023

For business owners and entrepreneurs with a large amount of savings, the main obstacle to starting a business is often coming up with a viable idea. Yet many aspiring entrepreneurs have a different problem—the idea is there, but the capital isn’t. Startup funding or startup capital is something that every new business needs to get off the ground.

Credit Reporting Agencies 105

Credit Reporting Agencies Small Businesses Credit Scoring Default 105

Lendio

JANUARY 25, 2023

Staying on top of these important financial matters and others can help you maximize profits and detect when financial challenges (like a shortage of capital or a cash flow crunch) could be on the horizon. Running a small business comes with many challenges and responsibilities. According to the Score Foundation , powered by the U.S.

Small Businesses 52

Small Businesses Credit Scoring Deductions Credit Application 52

Lendio

NOVEMBER 1, 2023

The best place to start is by identifying what your specific use will be for the loan. There are many different kinds of small business loans, making it essential to do your research before beginning any application process. You’d end up driving home with a new can of paint, but it’s unlikely you’d get the one needed for your specific job.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Default 98

Credibly

AUGUST 16, 2023

What are the options for dump truck financing for bad credit? In this blog, we’ll go over the best dump truck loans, and how you can qualify for one. And what costs you’re looking at if you decide to lease instead of buy.) For such critical equipment, though, all that hauling power comes with a price.

Credit Scoring 40

Credit Scoring Deductions Small Businesses 40

Abrigo

APRIL 21, 2016

Banks and credit unions have access to more data than they can use to help them identify potential customers, potential cross sales, understand relationship profitability and riskiness of borrowers - predicting future defaults and distinguishing good customers from bad.

Default 60

Default Credit Unions Credit and Collections Credit Risk 60

Fundera

JUNE 4, 2018

Your local Chamber of Commerce’s website likely has blogs with helpful financial information as well as information about local business groups that meet and facilitate networking. For most small business owners, locating and obtaining funding for startup or growth expenses is an important step along the path to success. Chamber of Commerce.

Small Businesses 80

Small Businesses Credit Scoring 80

Fundera

NOVEMBER 11, 2019

If you’ve been thinking, dreaming, and planning to start your own small business , it can be overwhelming to consider all the steps and work it will take. Wouldn’t it be easier if you had some help along the way? That’s why many people choose to start their small business with their family. Family Business Ideas With Low Overhead Costs.

Small Businesses 40

Small Businesses 40

Lendio

DECEMBER 8, 2023

What is real estate accounting? A comprehensive real estate accounting system not only ensures compliance with tax and financial regulations, but also helps realtors make informed decisions to improve their profitability and growth. Real estate agents deal with hundreds of tasks throughout the property buying and selling process.

Brokerages 52

Brokerages Deductions Transactions Credit and Collections 52

Lendio

JULY 31, 2023

What is Small Business Accounting? Small business accounting is the process by which a small business records its financial transactions and presents them in a standard format known as financial statements. It’s tempting for small business owners to view accounting as a hassle—some necessary evil.

Small Businesses 52

Small Businesses Chapter 11 Chapter 7 Credit and Collections 52

Lendio

NOVEMBER 13, 2023

In its simplest form, this document will outline what your business is going to do and how you’re going to do it. So what goes in your plan? Possible questions to prime the pump include: What will your main objectives be? What are your key strategies? What will your mission statement be?

Credit and Collections 52

Credit and Collections Small Businesses Default 52

NorthOne

MAY 27, 2023

Additionally, accounting software reduces the likelihood of errors that can result in financial losses or damaged reputations. Keeping your finances in order can be challenging, especially when you’re running a contracting business. Why Contractor Accounting Software Matters As a contractor, managing your finances can be a nightmare.

Transactions 52

Transactions Deductions Small Businesses 52

Lendio

MAY 23, 2023

What Is Bookkeeping? These figures are compiled into financial statements to give you a complete picture of your company’s financial health. Bookkeeping tasks typically include data entry, maintaining general ledgers, reconciling bank statements, and generating basic financial reports.

Small Businesses 52

Small Businesses Chapter 11 Credit and Collections Chapter 7 52

Lendio

JANUARY 2, 2024

If you’re not sure what those look like, here are some of the most popular tax write-offs for self-employed people. One luxury of being an employee is that you don’t have to worry much about tax planning. As a self-employed individual, you don’t have that privilege, and your tax situation becomes a lot more complex. tax, of which 12.4%

Deductions 98

Deductions Small Businesses 98