Mon.Nov 13, 2023

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A risk-based, time-saving approach to annual loan review

Abrigo

Streamline your annual review process Which loans need them, what processes to avoid, and how to save time working with borrowers' complex credit needs. Read the 2023 Loan Review Survey results for expert analyses of emerging trends WATCH WEBINAR Takeaway 1 Annual loan review is separate from covenant testing and underwriting, but many banks conflate these processes.

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SBA 504 Loans: The Complete Guide

Lendio

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. For one thing, the loan is a combination of two loans — a traditional lender covers a portion of the loan, and a Certified Development Company (CDC) covers the rest. Before applying, it’s a good idea to learn how 504 loans work and the pros and cons of taking one out.

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15 Hobbies That Can Boost Your Income

Due

Research shows that hobbies can be psychologically beneficial and improve our well-being. In addition to allowing you to relax and de-stress, hobbies can also provide you with an additional income stream. In fact, you really can’t go wrong with a hobby if you’re looking for a side hustle. To that end, here are 15 hobbies that will boost your income. 1.

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What Is Purchase Order Financing?

Lendio

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. This scenario is very common—especially for new businesses—and it’s where purchase order financing comes in.

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EMEA Monthly Rating Actions – October 2023

Reorg Blog

Welcome to Reorg’s monthly report highlighting the negative and positive rating actions by S&P Global, Moody’s Investors Service and Fitch Ratings on performing and stressed/distressed companies in EMEA. Rating actions consist of changes in ratings as well as changes in outlook.

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Futureproofing Your Community Bank

Biz2X

Reading Time: 3 minutes The financial services sector is undergoing a profound transformation driven by technological innovations, demographic shifts, and global economic dynamics. In this environment, community banks face an imperative to futureproof their business along two trajectories: staying ahead of the curve in terms of technological adoption and adapting to shifting customer preferences.

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Futureproofing Your Community Bank

Biz2X

Reading Time: 3 minutes The financial services sector is undergoing a profound transformation driven by technological innovations, demographic shifts, and global economic dynamics. In this environment, community banks face an imperative to futureproof their business along two trajectories: staying ahead of the curve in terms of technological adoption and adapting to shifting customer preferences.

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Navigating Construction Invoice Factoring: Your Guide to Streamlining Cash Flow

Lendio

Find a usi In the construction industry, managing cash flow can often feel like building a skyscraper on shifting sands. The nature of the work involves significant upfront costs, from materials and equipment to labor and permits, all to be paid long before a project reaches completion and payment is received. Cash flow challenges can put construction companies in a precarious position when expenses exceed income.

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Xero UK Roadshow 2023 - Highlights from the event

Chaser

In recent weeks, Xero , the global leader in cloud accounting, organised a roadshow across the UK, covering cities such as Belfast, Bristol, London, Birmingham, Manchester, and Edinburgh. The purpose of the roadshow was to bring accountants and bookkeepers across the UK together to share tools and resources to help drive growth and increase practice efficiency, so they can do more of the things that really matter.

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How to Start a General Contractor Business

Lendio

Starting a general contractor business can be a rewarding venture, providing the opportunity to showcase your skills while helping others achieve their construction and renovation dreams. Whether you’re a seasoned professional in the construction arena or a committed entrepreneur interested in the industry, this guide is for you. We’ll walk you through the necessary steps, ensuring you understand the ins and outs of launching your own general contractor business.

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8 Ways to Prepare Your Small Business for Cyber Monday

Lendio

The Monday after Thanksgiving has become big business, even for America’s small retailers. This isn’t just another Monday—it’s a day that could potentially transform your business, driving sales through the roof and putting your brand on the map. But to reap the rewards from Cyber Monday, preparation is key. As customers come to expect the convenience of online shopping for this critical day, here are eight ways to ensure your small business can capitalize on this event. 1.

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A Guide To Selling Accounts Receivable

Lendio

Have you heard of selling accounts receivable? Sometimes known as factoring, this type of financing is increasingly popular due to its speed and efficiency. If you’ve faced rejection from lenders in the past , you should devote a long look at accounts receivable financing. What are accounts receivable? Accounts receivables (AR) are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered, but not paid for.

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Spot Factoring: Turn Your Receivables Into Cash

Lendio

As a small business owner, your cash flow is your lifeline. But what happens when the cash doesn’t flow just when you need it? Imagine if there were a way to unlock the funds tied up in your unpaid invoices, instantly. Welcome to the world of spot factoring, also known as single-invoice factoring. This financial tool is all about turning your invoices into immediate cash, enhancing your liquidity and keeping your business running smoothly.