July, 2021

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Why Your Organization Needs Structured Payment Plans

RevCycle

Healthcare consumerism and patient responsibility have seen a coinciding rise over the last decade plus. The COVID-19 pandemic served to exacerbate the difficulties many patients face with their out-of-pocket balances. The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% repo

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Justice for Victims of Human Trafficking – One Transaction at a Time

Abrigo

Identify Human Trafficking via Transactions Banking professionals run across many types of transactions pointing to human trafficking. Here are tips to spot them from Love Never Fails Founder Vanessa Russell. You might also like this webinar: "Human Trafficking - Close to Home" WATCH . Takeaway 1 Some financial transactions flag human trafficking because they are from websites notorious for this behavior.

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Business Funding Now to $50 Million!

SMB Commercial Lending

Conventional financing institutions are slow to respond to the capital needs of businesses post COVID, but we are not. We are successfully facilitating working capital loans (lines of credit, term loans, and principal deferred loans). We are successfully facilitating financing for equipment, machinery and software. We are successfully facilitating financing for commercial real estate; purchase, refi - and in select states, facility rehab, complete rehab to include fixed equipment with the costs

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Digital Business Cards: Why, How, and Where They Work Best

Sansan

Digital business cards bridge the gap when two people in a business interaction can’t be face to face. They replace the paper business card with an electronic one. They allow quick sending, receiving, and exchanging of contact information in place of a paper business card. These online and app-based cards have been redefined amid remote and hybrid workstyles.

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How CDFIs Can Make The Most Of New Relief Program And Help Struggling Small Businesses Stay Afloat

LendingFront

On June 15, 2021, Vice President Kamala Harris and Treasury Secretary Janet L. Yellen made an announcement that was eagerly welcomed by an often neglected sector of small businesses across the country: The U.S. Department of the Treasury is awarding $1.25B in COVID-19 relief funds to 863 Community Development Financial Institutions (CDFIs). The fight for small business survival is tougher than ever before, especially for minority- and female-owned businesses.

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What Should a Good Business Plan Include?

FNB Small Business

As a small business owner, you likely have big goals for your business. A good business plan can help you achieve those goals. By detailing plans, budgets, and goals, a business plan can act as your road map to success. Read More.

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FinCEN AML/CTF Priorities Part 3: Terrorist Financing

Abrigo

Key Priority: Foreign and Domestic Terrorist Financing Among FinCEN's first list of key priorities for AML/CFT policy is detecting, reporting, and preventing foreign and domestic terrorism. Would you like others articles like this in your inbox? Takeaway 1 Human trafficking and human smuggling often intersect with the financial industry. Takeaway 2 After drug trafficking, human trafficking is the second-largest criminal industry in the world.

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StackSource Appoints CRE Industry Veteran Richard Caldwell EVP — Head of Originations

StackSource

Real estate finance, fund management and commercial banking expert to lead and grow the firm’s originations team and services nationwide

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Best Washington State Small Business Grants

Fundera

Starting a business can be expensive. There’s production, advertising, inventory, packaging, employees, a storefront. You get the idea. It’s easy to see how the costs can begin to mount. Business funding can help bridge the gap when an entrepreneur needs a financial boost to get their business off the ground. While loans can be very helpful, there are funding opportunities that don’t require the entrepreneur to pay them back.

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Benefits of ACH with GoCardless & how to win customers over to it

GoCardless

Why use ACH payments and how can you encourage customers to make the switch?

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The Difference Between an SBA Loan and a Conventional Loan

FNB Small Business

Every entrepreneur or small business owner will eventually need additional funds to launch or grow their business. When that time comes, it’s important to remember that not all loans are created equal. Depending on your use of loan proceeds, credit history, business type, and loan amount, certain options may suit your financial needs more than others.

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Helpful Hints to Get Equipment Financing

Commercial Credit Group

If you are thinking about financing your equipment purchase , we have some tips to help make the process easier and faster.

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5 Reasons to Increase SBA Loan Origination at Your Bank or Credit Union

Abrigo

Looking to Increase SBA Loan Origination? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Want other articles like this on SBA loan origination in your inbox? Takeaway 1 Offering SBA loan origination can expand your product offerings to win deals with prospects and existing customers or members.

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The Long Game on Short-term Rentals

StackSource

Airbnb is now a $90 Billion public company. But how can short term renting help a private landlord's portfolio value in 2021?

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6 Best Small Business Banks in Connecticut

Fundera

6 Best Connecticut Small Business Banks. Charter Oak Federal Credit Union. Liberty Bank. People’s United Bank. Chase Bank. Webster Bank. Axos Bank. When you’re on the hunt for the best small business bank in Connecticut, picking between a host of different types of banks can make the process challenging. Are credit unions better? Do larger banks provide better business services?

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How to maintain cash flow across the customer lifecycle

GoCardless

Find out how to maximise cash flow at every stage of the customer journey

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5 Reasons to Increase SBA Lending at Your Bank or Credit Union

Abrigo

Looking to Increase Loans through the SBA? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Would you like others articles like this in your inbox? Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. .

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FinCEN Releases AML/CTF Priorities: Implications for Community Financial Institutions

Abrigo

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system. Would you like others articles like this in your inbox? Takeaway 1 FinCEN published its first list of priorities for AML/CFT policy, as required by the Anti-Money Laundering Act of 2020 (AMLA).

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CECL Q Factors: Be Ready to Answer 3 Questions

Abrigo

Q Factors under CECL and How They Will Compare Understanding the quantitative side of the CECL calculation is the start to applying qualitative adjustments under CECL. Would you like other articles on CECL and Q Factors in your inbox? Takeaway 1 Banks and credit unions moving to CECL in 2023 understandably want to know how Q factors will compare with current practices.

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FATF Releases New Guidance on Key AML/CTF Concerns

Abrigo

The Financial Action Task Force (FATF) addressed areas of AML global concern. The agency recently completed their three-day June plenary. They addressed some of the most pressing illicit financial issues the world faces today. . Would you like others articles like this in your inbox? Takeaway 1 Following the three-day plenary, FATF released expanded guidance in several areas of AML/CFT global conerns.

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Top 5 Myths Around Banking Cannabis-Related Businesses (CRBs)

Abrigo

Key points in this article include: Risks exist in states where canabis is illegal > LEARN MORE Ensuring compliance when not servicing CRBs > LEARN MORE Determine your tier of acceptance > LEARN MORE Banking hemp vs. marijuana vs. CBD > LEARN MORE The gray area of banking CBD > LEARN MORE. You might also like this webinar Navigating Regulatory Haze: Banking Cannabis-Related Businesses and Managing Risk WATCH WEBINAR.

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Best DC Small Business Grants

Fundera

When it comes time to start a business, you need a few tools in your arsenal: a good idea, a great customer experience, and a lot of work ethic. The cherry on top? Funding. While there are many ways to fund a small business, grants are a great option. It’s no secret that starting a business can be really expensive and the costs can add up quickly. Business funding can make all the difference when an entrepreneur is ready to really grow their business.

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5 Best Crowdfunding Sites for Nonprofits

Fundera

Anyone at the helm of a nonprofit knows that fundraising is a crucial part of success. It’s also something that can be incredibly challenging. In fact, research suggests that 23% of nonprofits lack a coherent fundraising plan. [1]. As the fundraising process evolves, crowdfunding sites for nonprofits are emerging as a viable way to bring in much-needed financial resources.

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GoCardless announces partnership with Pennylane to enable small businesses and start-ups to automate invoices, accounting and payments

GoCardless

First customers have already reduced outstanding payments by 25x

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How to integrate with the GoCardless API

GoCardless

A step-by-step guide on how to integrate with the GoCardless API.

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3 ways GoCardless reduces your time to get paid

GoCardless

Discover how GoCardless can help you maximise your cash flow.

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GoCardless Survey: Three-quarters of Americans Plan to Decrease Their Use of Credit Cards as Debt Falls out of Favor

GoCardless

Post-pandemic, many U.S.

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What is Bridging Software & How Can It Help Your Business?

GoCardless

We explain the role of bridging software in simplifying communications with HMRC

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Top 5 E-Commerce Platforms for Small Business

GoCardless

Get set up to sell with ease using our roundup of the best e-commerce platforms.

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Payment Receipt Definition and Examples

GoCardless

A receipt of payment is an important document for any business and its clients.

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What are the different types of SEPA payments?

GoCardless

The different types of SEPA payments and how they can help with European trade.

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