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

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

Credit Unions 88

Credit Unions Credit Risk Insurance Companies Small Businesses 88

Abrigo

FEBRUARY 6, 2024

Develop an MBL program while mitigating risk Credit unions looking for alternate paths to growth in today's rising rate environment may be primed to leverage member business lending. You might also like this upcoming webinar, "Relationship banking: 7 Keys to extraordinary results."

Credit Unions 88

Credit Unions Credit Risk Small Businesses 88

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

DECEMBER 14, 2023

This includes asking data-driven questions to guide you as you fine-tune your new goals Takeaway 3 Consider getting rid of siloes and identifying centers of influence when it comes time to implement your strategic plan. Draw from your personal, industry, or business experience. These steps can help get you there.

Credit Risk 88

Credit Risk Dashboards Credit and Collections CECL 88

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

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. WATCH WEBINARS Takeaway 1 All businesses perform industry analysis, but financial institutions in particular must know their customers' competitive landscape.

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Due

MARCH 23, 2024

Back then, you built your credit in anticipation of applying for credit cards, buying a home, leasing a car, taking out loans, etc. That is to cosign their loan. And to cosign their loan, you must have good credit. Cosign a Loan Many potential home buyers cannot close on their loans because their income falls short.

Credit Scoring 105

Credit Scoring Insurance Companies Bankruptcy 105

Lendio

AUGUST 14, 2023

When it comes to small business loans, the US Small Business Administration (SBA) isn’t just a federal agency. 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

Know-It Global

DECEMBER 15, 2022

Updated December 2022: The Bank of England increased interest rates to their highest point in 13 years, up to 3.5%. The Bank of England have now raised interest rates for the ninth time this year in an effort to combat inflation. This is 5x the Bank of England’s target! Access to business funding. Late Payment Interest.

Credit and Collections 98

Credit and Collections Default Transactions 98

Abrigo

FEBRUARY 16, 2024

Introduction The importance of efficient credit administration Credit departments play a crucial role in the financial industry, and it is important to ensure that they are functioning at their best. You might also like these on-demand webinars tackling common credit risk questions.

Credit Risk 78

Credit Risk CECL Credit Unions 78

Biz2X

DECEMBER 15, 2023

Reading Time: 3 minutes SBA loans are a lifeline for small businesses, offering them the capital to start, grow, and thrive. For small and community banks, these loans represent an opportunity to support local economies while also expanding their customer base.

Small Businesses 52

Small Businesses Transactions 52

tillful

MAY 12, 2023

A poor business credit score or thin credit history can get in the way when applying for small business loans. Because of this, it is far easier for businesses with a good credit history to qualify and be approved for funding. However, following these tips can help make the process a lot more straightforward and easier.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Default 98

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. You might also like this 7-step guide to a successful software implementation. Below are six such advantages.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Biz2X

JULY 11, 2023

Many banks in these challenging times think they can’t afford an investment in business loan automation. The truth: You can’t afford to NOT invest in business loan automation, not if you want to stay competitive, run your operation as efficiently as possible, and serve your customers well.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Credit Unions 52

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

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. When making decisions about new banking technology, remember the following lessons from Southwest’s experience. Experts say that would be a mistake.

Credit Unions 78

Credit Unions Credit Risk Small Businesses 78

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

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

Abrigo

OCTOBER 14, 2022

Takeaway 1 Loan modifications training, automating processes, and updating policies and procedures can help prepare organizations for change. Takeaway 2 Stress testing on a loan level or a portfolio level can help financial institutions understand their threshold for any future upheaval. Cultivate talent.

Credit Risk 78

Credit Risk CECL Small Businesses 78

Lendio

DECEMBER 5, 2023

In this evolving landscape of the commercial property market, mortgage rates serve as the compass guiding your investment decisions. As of November 2023, we’re seeing rates that range from about 6% to 15%, depending on the specific circumstances of the loan. Key elements of commercial real estate rates.

Credit Scoring 52

Credit Scoring Transactions Small Businesses 52

Due

FEBRUARY 4, 2023

Aspiring entrepreneurs may need help to develop great business ideas , especially when it seems everyone has already taken all the good ones. Taking the chance to open a business can be both exciting and hard to understand. About 90% of new businesses fail, and many reasons exist. What Do You Need To Setup a Business?

Small Businesses 115

Small Businesses 115

Lendio

OCTOBER 12, 2023

million businesses in the U.S., If you’re a veteran looking to build a business from the ground up, then hold your head high—the odds are in your favor. And fortunately for you, there are concrete fiscal benefits to running a veteran-owned small business, and we want to help you take advantage of all of them. No problem.

Small Businesses 52

Small Businesses Nonprofit Organizations 52

Lendio

DECEMBER 8, 2023

Navigating the world of small business financing can seem like a daunting task, especially when you’re just getting started. One of those resources is small business grants, essentially free money that you don’t have to pay back. But don’t fret—there are resources available to help you on your journey.

Small Businesses 98

Small Businesses Credit Scoring 98

Biz2X

JULY 25, 2023

Digital transformation is imperative for community banks seeking to stay competitive and deliver enhanced customer service. Gone are the days when consumers carried around paper checks and kept track of bank records in paper files, and all a bank needed to stay competitive was friendly tellers and convenient locations.

Default 52

Default Cybersecurity Credit Unions Credit Risk 52

Due

AUGUST 16, 2023

So, if you are busy applying for your scholarships or grants , understand the potential of fintech to ease up finances in your college life. Think of digital wallets, expense-tracking tools, budgeting apps, and mobile banking apps. You won’t want your loans to haunt you long after you graduate, right?

Transactions 98

Transactions 98

Lendio

DECEMBER 12, 2023

Or, maybe you’re passionate about cars and interested in starting a business in the automotive industry. To help you get started on the right foot, we’ve put together a comprehensive guide on how to start an auto repair shop. Create a business plan. Include the following items in your auto repair shop business plan.

Small Businesses 52

Small Businesses Transactions 52

Abrigo

JULY 25, 2022

You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." Takeaway 2 Ag sector receipts are expected to increase, but so are input costs, so loan demand could pick up by 2023. . Takeaway 3 Ag lenders can take steps now to prepare for stronger ag loan demand so they can meet needs efficiently.

Credit Risk 78

Credit Risk Credit Unions Small Businesses 78

Lendio

NOVEMBER 7, 2023

You can launch your own business from the ground up, you can partner with someone else, or you can even buy a small business outright. Buying a small business can create a unique stream of income and help you to launch your new career—you just need to know where to find them and how to invest.

Small Businesses 97

Small Businesses Credit and Collections Credit Scoring 97

Lendio

MAY 30, 2023

Franchise funding is a loan designed to assist individuals in funding the purchase of a franchise location. Business loans can finance a new franchise location, but certain loans and lenders are a better fit for franchise businesses. Here is your step-by-step guide for finding the right loan for your franchise.

Credit Scoring 52

Credit Scoring Credit Unions Small Businesses 52

Lendio

NOVEMBER 14, 2023

If you’re a small business owner looking for financing options, you may have come across the term “SBA loan.” 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.

Credit Scoring 52

Credit Scoring Small Businesses Credit Unions Default 52

Biz2X

AUGUST 1, 2023

Community banks and large banks offer many of the same financial products and services, including checking accounts, savings accounts, online banking, personal and business loans, debit and credit cards, ATMs, home loans, and more. They helped small business borrowers secure life-saving PPP loans.

Credit Unions 52

Credit Unions Credit Scoring Small Businesses 52

CreditStrong for Business

MAY 18, 2023

Users make a $1,000-$2,500 deposit into a savings account, used to pay off a $600 credit-builder loan over a year. Austin Capital Bank, a savings bank out of Austin, Texas, is launching FreeKick Credit Builder , a new credit-building product that allows parents to help their children build credit without risking their own credit.

Credit Scoring 52

Credit Scoring 52

Abrigo

JANUARY 24, 2024

Use this guide to understand available tools and the steps AML and fraud teams should take. You might also like this FedNow implementation guide with details on appropriate AML/CFT and fraud considerations. FedNow supporters envision many ways to use it for more efficient and more accessible business and financial transactions.

Credit Unions 88

Credit Unions Credit and Collections Transactions Cybersecurity 88

Due

FEBRUARY 6, 2023

In addition to student loans, mortgages, credit cards, investments, and health insurance, financial literacy affects many aspects of life. A big part of that is keeping tabs on their bank and credit card accounts to spot potential fraud as soon as possible. He might not have realized it at the time, but this quote is spot-on.

Credit Scoring 115

Credit Scoring Default Bankruptcy 115

Lendio

NOVEMBER 13, 2023

In this article, we will delve into this unique financial tool that is specifically designed to keep your construction business on solid ground. To access capital when banks and other financial institutions will not lend to you. With construction invoice factoring, you can keep your projects on track and your business thriving.

Credit and Collections 52

Credit and Collections Credit Scoring Small Businesses 52

Lendio

DECEMBER 7, 2023

Running a small business often requires making savvy decisions about acquiring necessary equipment without overspending. One popular strategy among small business owners is equipment leasing, which allows you to use high-quality equipment without the financial burden of buying it outright. What is equipment leasing?

Small Businesses 52

Small Businesses Credit Scoring Deductions 52