Lendio

MAY 3, 2024

A personal credit score determines the level of risk that comes with lending to you. You use it to apply for credit cards and other financing options to cover major purchases. A business credit score works similarly, except instead of evaluating your risk as an individual, financial institutions evaluate your business’s viability.

Credit Scoring 94

Credit Scoring Credit and Collections Bankruptcy Transactions 94

Lendio

FEBRUARY 27, 2024

As a small business owner, you know the value of flexibility. Circumstances can change rapidly, for better or worse—a few days of bad weather or a positive Instagram post from a popular influencer can have huge impacts on a small business’ cash flow. How does a business line of credit work?

Alternative Payment Methods 52

Alternative Payment Methods Credit Scoring Credit Card Companies Small Businesses 52

Lendio

NOVEMBER 13, 2023

Construction business owners can capitalize on these opportunities while navigating challenges by having a smart financing plan in place. Using a line of credit for construction businesses, contractors, and builders creates a financial safety net at all times. What is a construction line of credit?

Credit Scoring 52

Credit Scoring Default 52

Lendio

NOVEMBER 1, 2023

For many small business owners, navigating the landscape of funding options can be daunting. Amidst the clutter of commercial loans and private investors, a beacon shines bright—the SBA line of credit. What is an SBA line of credit? The main advantage of a revolving line of credit is its flexibility.

Credit Scoring 52

Credit Scoring Small Businesses 52

Lendio

DECEMBER 7, 2023

When you’re looking at business loans for the first time, you might be overwhelmed by all of the information you need to understand to feel confident in your decision. One of the most important components of any type of financing is the loan term. This is the length of time and frequency you’re required to repay the loan.

Small Businesses 98

Small Businesses 98

Lendio

DECEMBER 13, 2023

When your business needs a quick cash infusion to deal with unexpected expenses, seize growth opportunities, or meet urgent operational costs, fast business loans come to the rescue. This guide will walk you through the various options for fast business loans, helping you make an informed decision that suits your business needs.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses 98

Lendio

NOVEMBER 10, 2023

Because small businesses are so critical to the country’s success, the federal government launched the Small Business Administration (SBA) to help foster American small businesses. What is an SBA 7(a) loan? An SBA 7(a) loan is a form of financing that is partially guaranteed by the SBA.

Brokerages 98

Brokerages Small Businesses Credit Scoring Transactions 98

Lendio

APRIL 23, 2024

Starting a new business can be an exciting journey, but it also comes with its own set of challenges. As a small business owner with poor credit, it can be even more difficult to find the financing you need. Getting a business loan with no credit. Getting a business loan with no credit.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 52

Your Virtual Credit Manager

APRIL 9, 2024

As interest rates increase, the cost of borrowing money also increases for businesses. Any delays in receiving payments from customers can, therefore, have a more pronounced effect on a company's bottom line profits. In such a time of easy money, receivables management becomes less critical and credit policies tend toward laxity.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Card Payments Collections Automation 130

Your Virtual Credit Manager

FEBRUARY 13, 2024

Historically, business failures increase after a recession. Likewise, the construction and business services industries, accounting for nearly 20 percent of insolvencies last year, are projected to remain the hardest hit in 2024. commercial mortgage bank security (CMBS) office loan delinquencies to jump to 8.1

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

JULY 18, 2023

Photo by Campaign Creators on Unsplash Commerce between companies is facilitated by a trade credit relationship. When a supplier or vendor grants open credit terms to their business customers, both parties benefit. A great CX facilitates more commerce between the seller and buyer by eliminating friction at the point of sale.

Credit and Collections 130

Credit and Collections Credit Scoring Credit Management Credit Application 130

Lendio

NOVEMBER 1, 2023

There are many different kinds of small business loans, making it essential to do your research before beginning any application process. Getting a business loan sounds simple — until you realize how many types of loans exist and how many lenders offer those loans,” says business.org.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Default 98

Lendio

NOVEMBER 3, 2023

Are you looking for a business loan to help your company? Understanding current business loan interest rates and different loan types will help you pick the loan option that’s right for you. How do you know which loan is right for you? The term of your loan, the loan type (i.e.,

Small Businesses 98

Small Businesses 98

Abrigo

NOVEMBER 13, 2023

Streamline your annual review process Which loans need them, what processes to avoid, and how to save time working with borrowers' complex credit needs. Takeaway 2 Determine which loans need a separate annual review and create a plan for what to include in your financial institution's assessment.

CECL 78

CECL Credit Risk Transactions 78

Lendio

MARCH 21, 2024

For small business owners, the adage “you have to spend money to make money” rings particularly true, especially when it comes to inventory. However, managing a healthy, cash-flow positive business sometimes means turning to additional financial tools – and this is where inventory financing can be a game-changer.

Credit Scoring 52

Credit Scoring Credit and Collections Small Businesses Default 52

The Red Spectrum

MARCH 13, 2024

An excellent tradeline on your business credit profile is necessary to secure loans, lines of credit, and other financing. With a good tradeline, you may be approved for the funds your small business or startup needs to thrive. A tradeline is simply a credit account listed on your credit report.

Credit Scoring 52

Credit Scoring Small Businesses Credit Management 52

NorthOne

APRIL 19, 2024

Does your business ever experience temporary cash flow gaps or unexpected expenses? A business line of credit might be the solution you’re looking for. Unlike a traditional loan that provides. The post The 16 Pros and Cons of a Business Line of Credit appeared first on NorthOne Blog.

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Lendio

OCTOBER 17, 2023

We understand that running a business can be tough and that additional capital can make a huge difference. It’s completely understandable that obtaining a business loan may seem overwhelming, but we’re here to help make the process easier for you. Let’s learn how to get a business loan. Get an Offer 3.

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses Transactions 98

SAP Credit Management

SEPTEMBER 1, 2023

Getting access to capital to grow a midsize business isn’t always easy and doesn’t come cheap. Banks and other financial institutions reward businesses with environmental, social and governance (ESG) strategies by giving them lower interest rates and other advantages, a practice called sustainable finance.

Credit and Collections 167

Credit and Collections Credit Risk Transactions 167

Eagle Business Credit

MAY 9, 2024

Running a small business is a challenging endeavor, often fraught with hurdles that test the resilience and adaptability of an entrepreneur. While traditional bank loans are often the go-to source for business financing, the stringent credit requirements and lengthy approval processes can be a deterrent for many.

Small Businesses 52

Small Businesses Credit Scoring Credit Card Payments Default 52

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Takeaway 3 To triage a CRE loan in workout, first re-engage the deal team and conduct a comprehensive review of the loan documents.

Credit Unions 88

Credit Unions CECL Default Credit Risk 88

Lendio

DECEMBER 12, 2022

The availability of dependable cash flow can have a big impact on the success of a small business. Yet a 2021 report from the Federal Reserve shows that, when businesses applied for financing, nearly 60% of applicants were either outright denied or able to borrow only a portion of the money they needed. . Time in Business Min.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Credit Reporting Agencies 98

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. Startup funding or startup capital is something that every new business needs to get off the ground. Traditional banks rarely offer business loans to brand new entrepreneurs.

Credit Reporting Agencies 105

Credit Reporting Agencies Small Businesses Credit Scoring Default 105

tillful

MAY 12, 2023

A poor business credit score or thin credit history can get in the way when applying for small business loans. This is especially true in higher interest rate environments, when lenders pull back on credit (like now). Looking at the reports is a good way to see a detailed view of where you need to improve.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Default 98

Abrigo

MARCH 14, 2024

You might also like this SMB Lending Insights report for banks and credit unions Download report Takeaway 1 Banks need to implement customer retention strategies to keep their valuable customers, not just attract new ones. For customers who have one piece of business and may not be paying a lot, you may not go out of your way to retain them.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Lendio

DECEMBER 14, 2022

Every great business has to start somewhere. The founders of Apple and Amazon launched their business dreams in garages. Many businesses start from nothing before becoming something special. Even as a small business owner with no revenue and no credit (or bad personal credit), you might be able to find a startup business loan.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 98

Lendio

APRIL 27, 2023

An under-capitalized business will find it difficult to make the leap required to scale and expand. A clear first step to lining up outside capital is to determine whether equity investment or debt financing (or a combination of the two) might be the best route for your business. What Is Equity Financing?

Credit Reporting Agencies 92

Credit Reporting Agencies Deductions Default Small Businesses 92

The Red Spectrum

MAY 17, 2023

Are you a small business owner with big dreams of expanding your operations? In this blog post, we’ll explore how a small business loan can be a powerful tool to fuel your growth and take your business to new heights. This is where a small business loan can be a game-changer. Look no further!

Small Businesses 77

Small Businesses Credit Scoring 77

Lendio

NOVEMBER 1, 2023

You might consider an SBA microloan if you’re trying to start a business or expand your current small business. These loans are available for $50,000 or less and come with low interest rates and flexible repayment terms. These loans can be used for working capital needs and to purchase equipment and inventory.

Small Businesses 97

Small Businesses 97

Due

APRIL 29, 2024

As a business leader in this economy, you know that the best way to retain top talent is not to lose it in the first place. They come in five packages: equity liquidation options, financial wellness platforms, student loan repayment solutions, earned wage access platforms, and healthcare financing platforms.

Deductions 75

Deductions Small Businesses 75

Eagle Business Credit

JULY 28, 2023

It’s important to plan ahead with small business funding. In a perfect world, you would have a flexible funding option that grows in line with your business growth. If you secure a large order and need more cash on hand to fulfill it, you may scramble for extra cash and look for fast ways to fund your business.

Small Businesses 97

Small Businesses Credit Scoring 97

Lendio

APRIL 11, 2024

For small businesses, the margin of error is much thinner. But if you get it right, wow, can your small business hit the jackpot. Read through this guide, and you’ll find all the answers you need to make the best acquisition decisions for your business. Organic business growth can be painfully slow. Accelerate growth.

Small Businesses 98

Small Businesses Bankruptcy Credit Scoring Transactions 98

Lendio

NOVEMBER 14, 2023

Small businesses know the importance of staying flexible and agile. It’s not unusual for expensive challenges and unexpected opportunities to appear without much notice, especially in the early days of a new business. As a result, a revolving line of credit is a popular financing solution among many business owners.

Credit Scoring 52

Credit Scoring Small Businesses Credit Risk Default 52

Lendio

NOVEMBER 13, 2023

If you’re looking for lower real estate costs and longer loan terms, an SBA 504 loan may be a good option. However, these loans are a bit different from other SBA loans. Before applying, it’s a good idea to learn how 504 loans work and the pros and cons of taking one out. What is a SBA 504 Loan?

Credit Unions 97

Credit Unions Credit Scoring Default Small Businesses 97

Lendio

JANUARY 19, 2023

Starting a small business is expensive. Almost every small business owner faces startup expenses, whether you’re a solopreneur needing a laptop or a construction company purchasing a lot full of heavy machinery. What Is a Startup Business Loan? The reality of startup business loans is a little more complicated, though.

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses 98

Abrigo

MAY 18, 2023

How to evaluate loan review processes based on their scope and depth A closer look at loan review can help your institution determine what steps to take to please regulators and streamline processes. You might also like this webinar, "Return to basics: Asking the right credit risk questions." Most actors’ careers are high-depth.

Credit Risk 78

Credit Risk Credit and Collections Default Credit Scoring 78

Lendio

JANUARY 31, 2023

When it comes to business loans vs. personal loans, many borrowers take the same approach. A loan is a loan, right? Business loans and personal loans are actually quite different and should be approached with different criteria, but it makes sense that most people think of them as the same.

Medical Billing 97

Medical Billing Credit Scoring Credit Unions Default 97