Abrigo
AUGUST 26, 2016
One of the biggest shifts in banking in the past few years has been the decline of the branch. As Anthony Burnett of LEVEL5 , a branch consultancy, mentioned in a recent webinar , many banks are struggling to make the old branch model work in the modern banking environment. In a time of increasing mobile and online banking, many bankers may be wondering what the future role of the branch is.
Fundera
AUGUST 31, 2016
Michael Wood has owned Providence Homes for over 30 years now, building countless one-of-a-kind homes along the way. How has this Texas-based homebuilder balanced his love for creativity with his commitment to managing a successful small business? “Keeping it in the family,” Michael sat down with his daughter Meredith—Fundera’s own Editor-in-Chief—and answered a few of her questions on what it’s like to own (and retire from) a thriving small business for over three decades. 1.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
GoCardless
AUGUST 30, 2016
The success of a cloud-based service is underpinned by how well data flows between the firm and its clients. Find out how you can make sure the best process is backed up by a great client experience.
Abrigo
AUGUST 26, 2016
Day in and day out, bankers face a number of pressures as they do their jobs. They must find new customers and keep current customers happy. They must keep a tight rein on expenses and avoid running afoul of the many regulatory requirements for their institutions. And they must keep an eye on competitors and external pressures to make sure tomorrow’s results will be as strong as today’s.
Abrigo
AUGUST 1, 2016
Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. This generation -- described often as being born between the early 1980s and early 2000s (i.e., currently in their late teens to their mid-30s) -- seems to be both hated and loved, depending on the day of the week and who is talking.
Abrigo
AUGUST 16, 2016
In early June, Sageworks hosted a Current Expected Credit Loss (CECL) Workshop Series webinar and asked the attendees “Given what we know about CECL, what area do you feel will see the largest impact?” Greater than 81% of the 595 bankers who replied said that they expect the largest impact will be seen in the capital reserve levels, disclosure criteria and the involvement in the calculation across departments within the institution.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
AUGUST 23, 2016
If you’ve ever gone through the business loan application process, you know that preparing all that paperwork is one of the biggest pains of applying. There are a lot of business loan requirements out there and each lender could require slightly different documentation. But there are a few basic documents that you can absolutely expect to have on your long list of requirements.
Fundera
AUGUST 17, 2016
Whether your business is wholesale, retail, or a combination of the two, any product-based business owner knows that your inventory is your business. If you’re not paying attention to where your inventory is, how much you have available, re-ordering needs, inventory financing , and so much more, you can easily be wasting your money on products no one wants while missing opportunities to offer the products your customers are most excited about.
Fundera
AUGUST 17, 2016
When you’re on the hunt for the right business credit card for your company, take a step back and ask yourself this: “ Why do I want this credit card?”. Do you want to maximize benefits? Take advantage of a high spending limit? Avoid annual fees? As you search for the right business credit card, it might seem like you have to prioritize just one of these categories and compromise on the others—no credit card is perfect, after all.
Fundera
AUGUST 18, 2016
No matter where you launch your business, you’re going to have be careful and smart about handling a commercial real estate purchase. And that starts with knowing the ins and outs of commercial property loans. By learning how to navigate the commercial mortgage process, you’ll understand what it takes to get the best rate and terms. This way, you can save a significant amount of money in the long run, leaving you extra capital to do what you set out to do: grow your business.
Fundera
AUGUST 25, 2016
If you had a more typical job—one with cubicles and dress socks—it would be much easier to prove your income and employment during the mortgage process. But when you own a small business , getting a home loan can be tricky. Let’s take a look at the documentation needed to get a mortgage when you’re self-employed. With the right preparation, you can own your own business and your own home. 1.
Fundera
AUGUST 16, 2016
New legislation recently signed into law by New York City mayor Bill de Blasio is taking a small yet controversial step in the direction of protecting local “mom and pop businesses,” which are disappearing across the country. New York in particular has suffered from a high-profile and visible loss of unique small businesses that used to serve as the lifeblood of their neighborhoods, and “ Int.
Fundera
AUGUST 25, 2016
Lending Club might be best known for having a quick and easy application process. But small business owners don’t just want to apply for a loan—they want to receive one as well. Translating a final loan offer from Lending Club is the last step in the lending process, and one that requires some knowledge of the figures and fees they’ll be presented with.
Fundera
AUGUST 11, 2016
You took out a small business loan with the best of intentions… But things didn’t quite work out the way you’d planned—and now you can’t make your loan payments. What happens when you default on a loan? While the specifics vary depending on your lender, type of loan , and loan agreement, here are some general guidelines about what to expect.
Fundera
AUGUST 8, 2016
How To Tell If You’re An Entrepreneur from Minute MBA by OnlineMBA. Entrepreneurs aren’t like most people. They see opportunity where most people see dead ends. They value taking risks more than they fear making mistakes. If this sounds like you, you might be a born entrepreneur. “How to Tell If You’re an Entrepreneur” breaks down four of the most common characteristics of business owners.
Fundera
AUGUST 10, 2016
As a small business owner, you probably think of your newly-opened business as a snowflake: totally unique and worthy of special consideration. But the fact of the matter is that, in the eyes of some business lenders , there are just certain industries they can’t justify funding businesses in. No matter how special your business might be, if it falls into one of these blacklisted industries, you’ll have a tough time finding the business financing you need to grow.
Fundera
AUGUST 22, 2016
Café de Leche from INCREDODAMN on Vimeo. Anya and Matt Schodorf thought they knew their neighbors. Then they opened Café de Leche—and realized just how powerfully a small business connects you to your community. Anya and Matt lived in Highland Park, Los Angeles, for years before opening their coffee shop. Their timing was less than perfect: the recession hit just as Café de Leche opened for business, a time when many Americans were steering clear of small indulgences like lattes.
Fundera
AUGUST 24, 2016
Whether you’re a new small business owner who recently received a round of financing or an experienced entrepreneur who’s had steady success, cost-cutting might not be at the top of your list of items to tackle. However, saving money should always be a concern, since every dollar you save is one more that can be put toward your bottom line.
Fundera
AUGUST 24, 2016
How many industries has technology fundamentally changed in the past few decades? Let’s rattle off a few: travel, print, media, television, retail, hospitality, shipping, manufacturing, education… The list goes on and on. And thanks to the introduction of online alternative lending, here’s another industry to add to the list: small business lending.
Fundera
AUGUST 3, 2016
Amazon. It’s the e-commerce giant that virtually everyone knows, and we’re willing to bet, has used to sell or buy any product imaginable. Amazon seems to have a hand in every business out there—books, electronics, entertainment, food, apparel, furniture… The list goes on and on. And in 2012, Amazon added yet another service to their list: small business loans through the Amazon Lending program.
Fundera
AUGUST 9, 2016
Before we dive in, I have to give a huge shout out to my friend and QBOShow.com partner, Woody Adams , for contributing much to this article. Intuit offers various online payroll solutions, and while all of them share a similar engine—Intuit Online Payroll (formerly Paycycle, which Intuit purchased the platform in 2008)—there are some key differences to understand in order to better consult with your clients.
Fundera
AUGUST 1, 2016
The world of small business financing can be a confusing one. With so many terms and calculations, it can be tough to keep everything straight. And we don’t blame you—just because you own a small business doesn’t mean you’re a business financing genius. One of the most crucial—and confusing—steps to getting the right financing is understanding your contract.
Fundera
AUGUST 10, 2016
Having a business credit card at your disposal is a no-brainer for any small business owner. But we’re the first to admit it: knowing which credit card is right for your small business isn’t so simple. There are a lot of options out there, and sadly, there isn’t a “catch-all” card for every business owner. Instead, the credit card you use will depend on the type of small business you run.
Fundera
AUGUST 4, 2016
The world of small business accounting is filled with acronyms : FICO score. DSCR. LTV ratio. EBITDA coverage ratio. But don’t stress out—we’re here to talk about that last one. When you’re applying for a business loan, you’ll probably run across the words “EBITDA coverage ratio” more than once. This ratio is a key indicator of the financial health of your business, and having a low one strongly correlates with default.
Fundera
AUGUST 23, 2016
When people go shopping for household staples, they want a deal. When they enter an antique shop, they want a story. That’s something that Nicholas Hess, the owner of The Printer’s Cabinet & Curiosities in Oil City, PA (as well as an ongoing pop-up store New York City), knows well. His eye for color, pattern, form, and function is matched by his understanding that the context of an antique item sometimes matters as much as the item itself.
Fundera
AUGUST 11, 2016
When you’re considering the many business credit cards available, you’ll probably find yourself weighing the pros and cons for every option out there. You love the idea of earning valuable rewards and cash back savings on your small business’s purchases… But on the other hand, you’re not too fond of the harsh fees you’ll incur when your cash flow is tight and you can’t pay your charge card balance in full.
Fundera
AUGUST 4, 2016
Owning a small business is risky enough without putting valuable assets, like your home, on the line as collateral for a business loan. But is there any way to get a small business loan without pledging collateral? . Yes… And no. Technically, some lenders will not ask for collateral—but they will ask for other types of guarantees. Here’s a closer look at how to get a small business loan without collateral.
Fundera
AUGUST 2, 2016
If you’re on the hunt to find the right credit card for your business, you have a lot of options to consider. There are so many business credit cards to choose from—how will you ever decide? Well, you can begin by gathering as much information as you can on each card out there in order to make an informed choice for your business. But because that takes a lot of time and effort for busy small business owners, we’ve already done it for you—giving you everything you need to know about every busine
Fundera
AUGUST 12, 2016
In general, every small business owner can benefit from using a business credit card. Business credit cards are a great way to manage your company’s expenses and earn valuable rewards—no matter the type of business you run. But when you’re wondering what’s the best Amex card for business out there, you have to get a little more specific. Depending on the type of business you run—and what you want to get out of your business credit card—the best Amex card for business will vary from company to c
Fundera
AUGUST 8, 2016
Congratulations! Your hard work searching for business financing and applying for your small business loan has finally paid off. You’ve been approved for your loan, and your business’s bank account just got a much-needed infusion of capital. You’re just about to start using the cash to finance your business… When, all of a sudden, you get a strange email in your inbox.
Abrigo
AUGUST 19, 2016
Guess what, accountants? Americans really like you. In fact, in Gallup’s annual measure of U.S. business sectors, the accounting industry garnered the fifth-highest positive rating. And while accounting wasn’t as popular as the restaurant industry or farming, it enjoyed a nearly 4-to-1 positive-over-negative rating in Gallup’s poll , released recently.
Expert insights. Personalized for you.
74 
Let's personalize your content