Fundera
OCTOBER 2, 2017
When it comes to the future of your business, filing for bankruptcy might seem like the absolute worst thing that could happen. And, yes, it will show up on your credit report, which might put you at risk of getting rejected by certain long-term lenders. However, filing for bankruptcy is not necessarily a death sentence—in fact, it could mean the difference between sinking or saving your business.
Abrigo
OCTOBER 6, 2017
During a Sageworks webinar on HVCRE risk management Rob Ashbaugh, senior risk management consultant at Sageworks, explained that clarifications on some of the murkier aspects of the HVCRE (high volatility commercial real estate) rule were anticipated by the industry. On September 27, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency released a Community Bank Summary entitled Proposed Simplification to
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GoCardless
OCTOBER 3, 2017
Cloud accounting has given rise to a new breed of tech-savvy, data-enabled, commercially astute accountants, who are becoming trusted advisors to their clients.
Fundera
OCTOBER 3, 2017
The immediate effects of a natural disaster like Hurricane Harvey are obvious almost everywhere one looks in Houston. But the long-term effects are more difficult to assess, especially when it comes to small businesses. Harvey dumped a record amount of rain near the nation’s fourth largest city—51.88 inches, the highest ever in the continental U.S.
Abrigo
OCTOBER 5, 2017
Ancin Cooley, CIA, CISA, of Synergy Bank and Credit Union Consulting , recently presented at the 2017 Sageworks Risk Management Summit on the Perspectives of Lending Dysfunction: Loan Officers, Credit Analysts and Loan Reviewers. According to Cooley, the major cause of dysfunction between the lending department and credit risk function is an inability to see or appreciate the other function’s perspective.
Abrigo
OCTOBER 4, 2017
As technology continues to evolve, it is difficult for every team member to keep up. Employers can help by implementing strategies to ensure that employees are proficient in and knowledgeable of new industry tech. The below strategies will guide a firm’s development of well-informed, proficient employees. 1. Where do your Employees Stand? Before implementing strategies to overhaul the standing of your firm’s employees’ technological competency, gauge their current understanding.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
OCTOBER 5, 2017
Thinking about applying for a business credit card ? Smart move. Using a business credit card comes with a lot of perks for small business owners. Plus, applying for a business credit card is a great secondary financing option when you’re in the need for financing but don’t necessarily qualify for a more traditional business loan just yet. You can use one for backup business financing , to build business credit , to cushion your cash flow, to earn rewards on your purchases… The list of benefits
Fundera
SEPTEMBER 30, 2017
So, your small business landed a major press opportunity on a huge media outlet and could not be more excited for the feature and the added exposure it will provide your company. However, instead of conducting the interview face-to-face or via email, the reporter wants to chat with you over the phone. Maybe you’re happy to hold a lengthy discussion or dread phone conversations to the point where you find yourself imagining all of the ways you might accidentally flub the experience.
Fundera
OCTOBER 4, 2017
Women are making waves in entrepreneurship like never before. Women now own 36% of businesses ( based on 2012 US Census ), up from 30% in 2007. Advances in technology make it easier for busy women to start and run their own businesses these days. Internet access along with cloud-based apps make it so more women can seamlessly integrate their business-based livelihood with the parts of their life that includes children, relationships, and everything else in between.
Fundera
OCTOBER 2, 2017
Did you know October is Women in Small Business Month? According to the Small Business Administration , there are more than 11 million woman-owned businesses in the U.S. That’s 38% of all businesses, supporting nearly 9 million jobs and generating $1.6 trillion in annual revenues—something worth celebrating all year round! But as the gender gap in business fights to close, it’s important to take this month to reflect on how you can support the cause.
Fundera
OCTOBER 5, 2017
These days, we’re taught to think that entrepreneurship is entirely the province of the young and the restless. But the history of business actually favors founders who started later in life. Without these “ silverpreneurs ,” hits like GEICO, KFC, and LinkedIn would never have existed. There’s no reason to think that you can’t be one of them. Let’s take a look at three reasons why age shouldn’t stop you from launching your business. 1.
Fundera
OCTOBER 5, 2017
If you’ve ever learned much about personal financial management, you know that maintaining a strong personal credit score is critical to your ability to qualify for things like a home mortgage, personal or car loan, or even a personal credit card. But did you know that this same system of credit monitoring and reporting also exists for businesses? That means the decisions you make with your business finances when you first open your company can have an impact that lasts long into the life of you
Fundera
OCTOBER 1, 2017
In a free market economy, the efforts of entrepreneurs from all walks of life fuel the market. Because small business make up over 99% of U.S. employment firms , it’s important that anything that might affect this demographic be taken seriously. As the Trump administration makes moves against immigration policies such as DACA, we need to closely analyze the impact it might have on entrepreneurship in the United States.
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