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

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.

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses Transactions 98

Due

FEBRUARY 25, 2024

You envision launching your dream business, but traditional loans are a heavy anchor, dragging down your entrepreneurial spirit. Enter the world of alternative funding, where innovative options like revenue-based financing and crowdfunding unlock doors that loans slam shut. No more loan sharks breathing down your neck.

Small Businesses 105

Small Businesses 105

Abrigo

MARCH 14, 2024

Follow this guide for strategies to stay competitive. Most bankers are adept at reactive servicing—when a customer calls with a request, they're quick to respond, especially if they've eliminated manual processes with small business loan origination software. Retaining existing customers is equally—if not more—important.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

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. Takeaway 3 The specific policy areas outlined below should be carefully considered by credit unions engaged in member business lending.

Credit Unions 88

Credit Unions Credit Risk Small Businesses 88

Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." Construction loan and delinquency trends in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. They’ve also focused on managing interest rate risk in a rising rate environment.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

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? How do interest rates work?

Small Businesses 98

Small Businesses 98

Abrigo

DECEMBER 14, 2023

These steps can help get you there. You might also like this on-demand webinar, "Strategic plan: How to develop and monitor at your financial institution." WATCH NOW Takeaway 1 Strategic plans should have a baseline, a clear destination, and a plan to get from A to B. Learn how to tap your data to generate management insights.

Credit Risk 88

Credit Risk Dashboards Credit and Collections CECL 88

Lendio

APRIL 24, 2024

One key aspect that small business owners encounter when applying for Small Business Administration (SBA) loans is the SBA guarantee fee. This fee is a critical component of the loan process, yet it can cause confusion and questions among entrepreneurs. SBA 7(a) loan guarantee fees range from 0.00% up to 3.75%.

Small Businesses 52

Small Businesses Credit and Collections 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

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

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. And to cosign their loan, you must have good credit. Who needs credit after they retire?

Credit Scoring 105

Credit Scoring Insurance Companies Bankruptcy 105

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

NOVEMBER 1, 2023

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. Also consider how long you would like to have to pay the money back.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections 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

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

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. 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

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

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

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

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

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. How Do Startups Receive Funding? Alternative business loans.

Credit Reporting Agencies 105

Credit Reporting Agencies Small Businesses Credit Scoring Default 105

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

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

Abrigo

SEPTEMBER 5, 2023

When and how to cite credit exceptions A policy on credit exceptions can address many factors that can lead financial institutions to diverge from loan policy and miss signs of potential trouble. Takeaway 3 A credit exception policy should spell out what one is, when it can be used, and how to clear it.

Credit Risk 78

Credit Risk CECL Credit Unions Transactions 78

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. With that said, let’s look at how to chart your course with medium-financial goals successfully.

Credit Scoring 105

Credit Scoring 105

Know-It Global

DECEMBER 15, 2022

Changes in interest rates will have an impact on your business. The Late Payment of Commercial Debts Act was introduced by the UK Government to protect businesses from late payments, giving them a statutory right to claim interest from other businesses for late commercial payment. Access to business funding.

Credit and Collections 98

Credit and Collections Default Transactions 98

Lendio

APRIL 2, 2024

These financial records track every credit or debit for your business, noting them under assets and liabilities. Assets refer to anything that is useful or has value to the business (like cash on hand or inventory ). Conversely, liabilities refer to anything that will cost the business money in the long or short term.

52

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. Here’s a closer look at FICO SBSS scores, why they matter, and how you can improve yours. What is an SBSS score?

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Bankruptcy 98

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. WATCH Takeaway 1 Credit administration housekeeping should clean up processes that could be streamlined to save time and effort.

Credit Risk 78

Credit Risk CECL Credit Unions 78

Due

AUGUST 16, 2023

If you aren’t aware of how digital technologies are transforming money-handling habits among young students, it’s time to explore the fascinating domain. If you aren’t aware of how digital technologies are transforming money-handling habits among young students, it’s time to explore the fascinating domain.

Transactions 98

Transactions 98

Abrigo

AUGUST 30, 2022

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. Takeaway 1 Commercial loans have remained strong through the pandemic despite high inflation rates and unstable conditions. Market conditions.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Due

NOVEMBER 26, 2023

If you’re a budding small business owner or entrepreneur seeking to hone your financial expertise, dedicating time to perfecting cash flow management early on is vital to solidify foundations and ensure continued success. How does this start for SMBs or solopreneurs with potentially few resources or background knowledge?

Transactions 105

Transactions Small Businesses 105

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

Credibly

JANUARY 30, 2024

How does it work? What can I use invoice factoring for in my construction business? Right fit financing—for the way you do business. Managing cash flow is a critical challenge for construction businesses, which are often impacted by payment delays that are all too common in the industry.

Invoice Amount 52

Invoice Amount Invoice Collections 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