Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." Articles on creating a sound credit risk rating system and preparing for the possibility of new requirements such as the CFPB ruling were among the most-viewed throughout the year. Here are Abrigo’s 10 top lending and credit risk blogs in 2023.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

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

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. All great questions, and that’s why we put together this definitive guide to buying out a competitor. Any merger or acquisition is risky—so why should any business gamble with it?

Small Businesses 98

Small Businesses Bankruptcy Credit Scoring Transactions 98

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. You also know or are slowly finding out, that retaining talented employees requires an “all of the above” approach. And, importantly for employees, it requires no collateral other than the equity itself.

Deductions 75

Deductions Small Businesses 75

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

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

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 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

Biz2X

FEBRUARY 20, 2024

Reading Time: 3 minutes For banks and financial institutions contemplating the launch of an SBA loan program , understanding the nuanced expectations of potential borrowers is essential. Transparency and Clarity At the heart of every customer’s journey in securing an SBA loan lies a fundamental need for transparency and clarity.

Small Businesses 52

Small Businesses 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. 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

Abrigo

FEBRUARY 14, 2024

Find commercial real estate risks in the loan portfolio Sound risk management practices in commercial real estate lending help lenders manage CRE credit losses and protect the portfolio's profitability. LISTEN Takeaway 1 Effective CRE risk management involves adapting to changing market fundamentals to avoid excessive loan losses.

CECL 78

CECL Credit Risk Credit Unions 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

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

Due

DECEMBER 22, 2023

For small businesses, the outlook has been especially optimistic as the lower middle market has been one of the busiest areas for acquisition activity despite the slowdown in larger corporate deals. High-Interest Rates May Affect Selling Your Company Buyers typically line up financing via outside lenders when a business is sold.

Accounting Firms 102

Accounting Firms Small Businesses Transactions 102

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 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

Lendio

JANUARY 6, 2023

Small business loans are one of the most popular ways for entrepreneurs to get the money they need to start a business and keep it running. Yet, despite the importance of accessing capital, some small business owners struggle to qualify for funding. Business Loan Approval Factors. Business revenue.

Credit Scoring 93

Credit Scoring Small Businesses Transactions 93

Lendio

NOVEMBER 16, 2023

As a small business owner, you may have heard of the Small Business Administration (SBA) loans as a potential funding source for your business. These loans are backed by the SBA, providing lenders with a guarantee in case of default. Is collateral required for SBA loans? This is not the case.

Small Businesses 52

Small Businesses Credit Scoring Default 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

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

Lendio

OCTOBER 23, 2023

As a small business owner, financing backed by the U.S. Small Business Administration (SBA) represents some of the most affordable types of business loans available. SBA loans are a popular option for both startups and established businesses alike. Step 1: Decide which type of SBA loan you need.

Small Businesses 52

Small Businesses Transactions 52

Due

MAY 10, 2024

Retirement opens opportunities to transition into a new career or business you are passionate about. As with any business venture you may undertake — do your due diligence. Running a livestock business can be a rewarding and profitable endeavor. Livestock supports the livelihoods of over 1 billion people around the world.

Deductions 52

Deductions 52

Lendio

NOVEMBER 13, 2023

As your business starts to grow, you may encounter clients with orders that you can’t fulfill immediately. Completing these orders could be huge for your business—both financially and for your reputation—but you might not have the resources and funds at that stage. Purchase order financing is not a working capital loan.

Transactions 87

Transactions 87

Abrigo

FEBRUARY 16, 2024

If your financial institution is considering automation, credit risk software can track ticklers and help manage loan documents and credit exceptions. Get details in "A guide to implementing credit policy." For many businesses, especially those in real estate or agribusiness, the fiscal year may differ.

Credit Risk 78

Credit Risk CECL Credit Unions 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

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

Biz2X

SEPTEMBER 28, 2023

Reading Time: 4 minutes SBA loans have long been pivotal in small business financing, offering reduced interest rates and extended repayment terms that distinguish them from other lending products and make them attractive to small businesses. Historically, community banks were the primary choice for such loans.

Small Businesses 52

Small Businesses Transactions 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

Due

FEBRUARY 12, 2024

A medium-term financial goal is something you want to accomplish in one to five years, such as saving for college, purchasing a car, or starting a business. You achieve a clear, attainable goal by guiding you through economic uncertainty. They require concrete definitions, unlike long-term aspirations. ” Attainability.

Credit Scoring 105

Credit Scoring 105

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

Team Financial Group

AUGUST 2, 2023

Facing rejection from a bank for equipment financing can be disheartening and frustrating, especially when you have a solid business plan and a clear vision for your company’s growth. However, a bank’s decision to decline your loan application should not be the end of your pursuit.

Transactions 98

Transactions 98

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

Abrigo

OCTOBER 17, 2023

You might also like this 7-step guide to a successful software implementation. Supervisory priorities Banking examiners to focus on managing change As banks and credit unions face an ever-evolving landscape that requires adaptability and innovation, they would be wise to take stock of their change management processes.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

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. What is an SBSS score? Why does the SBSS score matter?

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Bankruptcy 98

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

Fundera

MAY 7, 2020

For a relatively small population, veteran entrepreneurs have a significant footprint on the landscape of small business in the U.S. And like many business owners, they sometimes need business loans or other forms of funding to help launch or grow their endeavor. Veterans Business Outreach Centers. As of 2019, 2.5

Small Businesses 130

Small Businesses Nonprofit Organizations 130

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