Your Virtual Credit Manager

MAY 2, 2023

The headlines paint a grim picture. Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. economy grew at 1.1% in early 2023, points to ‘significant slowing’ Forbes: Rising Interest Rates Lead To A Small Business Credit Crunch Markets Insider: The credit crunch is here and it could cripple the economy.

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Sky Business Credit

MAY 2, 2023

DOWNERS GROVE, Ill., May 1, 2023 – Sky Business Credit announced the promotion of Beverly Milici to Vice President of Operations. She will continue to ensure clients are receiving the highest possible level of credit and collections service. In this new role, her responsibilities will be expanded to include more oversite of the credit & operations side of the business as well as more responsibility toward its overall success.

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Plooto

MAY 2, 2023

Entrepreneurs of all walks of life are looking to increase their business profit. After all, if you're not running a profitable venture, then it’s difficult to expand and grow. However, knowing how to increase profitability isn’t always easy. What are the biggest drivers of profit? How do you set and achieve your profit targets?

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Chaser

MAY 2, 2023

Education providers across the globe, from schools to universities, are being threatened by the constant impacts of late payments on their cash flow and resources.

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Eagle Business Credit

MAY 2, 2023

One of the biggest challenges for new and growing companies is managing their working capital. Businesses with slow paying customers can struggle to build enough working capital to build assets as the company grows. One method to help with this issue is through working capital financing. This financing gives you the cash you need to keep things moving while you wait for outstanding invoices to be paid.

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The Red Spectrum

MAY 2, 2023

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses. Small business credit cards offer numerous benefits, such as cashback rewards, travel perks, and expense management tools.

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Small Businesses Credit Scoring Transactions 65

The Red Spectrum

MAY 2, 2023

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses. Small business credit cards offer numerous benefits, such as cashback rewards, travel perks, and expense management tools.

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Small Businesses Credit Scoring Transactions 61

Due

MAY 2, 2023

In both your personal and financial lives, buying your first home is one of the most significant decisions you will ever make. You might say that it’s the toughest and most terrifying long-term commitment you’ll ever make. However, when you don’t prepare yourself for a mortgage contract in advance, it can seem overwhelming. When you finally move into your first home, you’ll be at an advantage if you take the time to learn.

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Cpcmcredit Blog

MAY 2, 2023

Sometime ago a business partner of mine suggested that “some people” (he wouldn’t say who) were claiming that I was “too critical” of banks on my blog. The assumption being that as a broker I should presumably be representing their interests and not my clients Tough. It should always be said of course that there are many excellent lenders out there and malpractice by certain employees does not represent a particular banks philosophy (stop laughing at the back.) but

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Lendio

MAY 2, 2023

As a business owner, you should calculate financial metrics regularly to analyze your company’s financial performance and position. Otherwise, you might not have the insight necessary to make informed strategic decisions. The current ratio is one of the most commonly used financial metrics in financial planning. Here’s what you should know about it, including what it is, how to calculate it, and how to interpret your results.

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Credit and Collections 52

biz2credit

MAY 2, 2023

If you are thinking about starting your own small business or improving your standing in your current small business, you might be thinking about how much small business owners should make. Indeed, thinking about what small business owners should make can be a great way to gauge a small business’s performance against its peers. You … Continue reading "How Much Do Small Business Owners Make?

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Small Businesses 52

Lendio

MAY 2, 2023

The acid test ratio—also known as the quick ratio—is a financial ratio that is calculated by dividing the sum of a business’ cash and cash equivalents, marketable securities, and accounts receivable balances by the balance of all its current liabilities. This ratio is also known as the quick ratio because its numerator consists of a business’ “quick” assets—that is, its assets that are most readily available to pay down debt.

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Transactions Small Businesses 52

NorthOne

MAY 2, 2023

Understanding how to pay invoices efficiently and on-time is key to running a successful business. Prioritizing prompt, accurate invoice payment helps you build and maintain relationships with suppliers, which are vital to your long-term success. What is an invoice payment, and how can you make sure you pay your invoices on time, every time? Keep reading to learn more.

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Lendio

MAY 2, 2023

Financial planning and analysis are essential for making informed business decisions and leading your company to long-term success. Activity ratios are among the most helpful financial metrics to incorporate into those processes. Here’s what you should know about them, including what they are, how to calculate them, and how to interpret them. What Are Activity Ratios?

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Credit and Collections 52

NorthOne

MAY 2, 2023

Every time you purchase a product or service for your business, you’ll receive an invoice that must be processed and paid on time to avoid late fees and stay in the black. This is where effective invoice management comes in. Invoice management is receiving, validating, paying, and recording vendor invoices. (It’s also known as invoice processing.) Manual invoice processes can be time-consuming, error-prone, and costly for small businesses.

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Credit Card Payments Small Businesses 52

Lendio

MAY 2, 2023

Financial planning is essential for setting informed business goals and guiding your company to long-term success. The break-even point formula is one of the most beneficial financial metrics to use during that process. 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.

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NorthOne

MAY 2, 2023

In recent years, digital transformation has taken the business world by storm. However, some departments have been slower to catch up than others. Some accounts payable (AP) departments have struggled with manual, paper-based accounting processes that limit visibility and increase the risk of fraud. Despite the potential benefits of automating end-to-end invoice processing, many finance executives remain hesitant to embrace new technologies like automated invoice processing.

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Lendio

MAY 2, 2023

Profit margin is a percentage that expresses how much of a business’ gross revenues are left over as profit after certain expenses are paid. There are three different types of profit margin: gross, operating, and net. However, if someone just mentions “profit margin” without specifying which type, they are probably referring to net profit margin, which is the percentage of a business’s gross revenues that are left over as net profit after all of its expenses are paid.

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Small Businesses 52

NorthOne

MAY 2, 2023

Recently, we had the opportunity to interview Shawn Van Dyke, a construction business expert, coach, and author, on his business journey from construction business owner to business coach and the lessons he learned along the way. 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.

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Lendio

MAY 2, 2023

Operating margin, also known as operating profit margin, is a percentage that expresses how much of a business’ gross revenue is left over as operating profit, that is, its profit reduced by cost of goods sold and operating expenses (Ex: overhead, salaries, and depreciation). Operating profit is not reduced by interest and taxes, since these expenses are not operating expenses.

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The Esker Blog

MAY 2, 2023

There is a lot to be understood and navigated by businesses about the soon-to-be enforced mandatory transition to e-invoicing in France. In addition to “7 Things You Should Know about France’s E-invoicing Mandate” , here are a few more in-depth questions and answers to help you round out your e-invoicing knowledge before the big shift on July 1, 2024.

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Lendio

MAY 2, 2023

Wherever you choose to operate your small business, it’s important to know and understand the zoning laws in your area. These ordinances or regulations control how you can use land. There are varying degrees of consequences if you fail to comply with zoning laws. In fact, you may even risk being unable to operate. Purpose Of Zoning Laws And Regulations Zoning laws can affect businesses in a number of ways, but the goal is to help people and businesses work together within communities.

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Small Businesses 52

Reorg Blog

MAY 2, 2023

The post Primary First Take: Bormioli €350M SSNs Offered at 4.8x Net Leverage; Concerns Around Energy Exposure, Capex Cycle; Positive Q1 Trading; Comparable Bonds Average Yield in 7% Area appeared first on Reorg.

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FICO Blog

MAY 2, 2023

Home Blog FICO How to Turn UK’s Consumer Duty Compliance to Your Advantage With the clock ticking to the 31 July FCA deadline, a FICO roundtable looked at the scale of the Consumer Duty challenge FICO Admin Tue, 07/02/2019 - 02:45 by Peter Lemon Lead Consultant expand_less Back To Top Tue, 05/02/2023 - 10:05 When the new Consumer Duty was first proposed it was easy for financial service organisations to slip into an overconfident mindset and believe they have everything in hand.

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Reorg Blog

MAY 2, 2023

The post Regulatory Coverage: FDIC Report Details Signature Bank Failure; Federal Reserve Releases Report on SVB; GAO Criticizes Regulators’ Inaction in Preventing Bank Failures appeared first on Reorg.

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incfile

MAY 2, 2023

Starting a business and becoming your own boss is often touted as the quintessential “American dream.” But getting the money to fund that dream can be easier said than done.

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Reorg Blog

MAY 2, 2023

The post UPDATE 1: Litigation Coverage: Delaware Chancery Court Requests Parties in AMC Stockholder Litigation File Settlement Documents by Close of Business to Keep June 29 Final Settlement Hearing on Court’s Calendar appeared first on Reorg.

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dynavistics

MAY 2, 2023

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Reorg Blog

MAY 2, 2023

The post ProMedica Obtains Waiver of Debt to Capitalization Covenant Violation; Will Pay Down $452M of Debt in August With Home Hospice Sale Proceeds appeared first on Reorg.

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Reorg Blog

MAY 2, 2023

The post Primary: Bormioli New Notes Due 2028 Have Weaker Value Leakage appeared first on Reorg.

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Reorg Blog

MAY 2, 2023

The post BREAKING: Legacy Cares Prepares to File Chapter 11 in Arizona appeared first on Reorg.

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