Fundera

JUNE 12, 2017

If you’re reading this, chances aren’t bad that you’re in Florida. The Sunshine State is the nation’s fourth biggest by population and is soon to overtake New York as the third. It’s a state with hundreds of miles of beach, no state income tax, glitzy and glamorous cities, as well as unique natural beauty, and relatively low property taxes. With over 19 million residents, there are plenty of entrepreneurially minded Floridians asking the same question: What are the economics of starting my own s

Credit and Collections 85

Credit and Collections Collector Small Businesses 85

Abrigo

JUNE 14, 2017

Many banks and credit unions have found a path to growth via partnerships with fintechs. For some financial institutions, partnering with software providers has helped them maintain a competitive advantage. Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data.

Credit Unions 68

Credit Unions Credit Risk 68

GoCardless

JUNE 15, 2017

Having your business name on bank statements provides clarity and leads to even more reliable income, while also reducing churn.

52

52

Fundera

JUNE 10, 2017

Your business is doing really well; you’ve worked hard, invested your time, money, sweat, and tears! Finally, an opportunity to land that big sale or create a strategic partnership that will move your business to the next level has arrived and you know that it will change everything. But what if your company isn’t able to seize this opportunity due to poor cash flow?

Transactions 82

Transactions 82

Fundera

JUNE 16, 2017

Last year brought a number of technological advancements in payments that are building excitement for what’s to come in 2017. Here are some of the payment innovations that are creating buzz among consumers, businesses, and merchants. 1. Changing Use of Countertop Checkout Devices. The idea that there will be changes in any countertop device used in a store for checking out is exciting for retailers who can reduce their hardware investment, while consumers get an improved purchase experience.

Transactions 77

Transactions 77

Abrigo

JUNE 15, 2017

Just as oxygen keeps humans alive and moving, cash keeps businesses surviving and thriving. How much cash is enough to meet the vital needs of a business? Is the same amount of cash sufficient for a two-owner hair salon as for a restaurant with two partners or for a builder with no employees? A survey by the JPMorgan Chase Institute found that cash balances vary dramatically across industries, but in many cases, cash is scarce enough that the typical small business has little room for error.

Small Businesses 60

Small Businesses 60

Fundera

JUNE 15, 2017

If there’s one name that comes to mind when we think about large corporations threatening the very existence of small businesses—that name is Walmart. The corporate behemoth has been steadily out-competing small businesses throughout the country as they drive down their prices. A former grocer from North Carolina went as far as to say, “They’ve ruined our lives.

Small Businesses 68

Small Businesses 68

Fundera

JUNE 16, 2017

Ransomware is infecting computers at an astronomical rate and putting critical business data at risk. But there are some key steps you can take to protect your business. Ransomware is a form of malware, or malicious software, that encrypts digital files, essentially holding data hostage until a ransom is paid to cybercriminals. It’s typically distributed through infected email attachments and links to dangerous websites.

Cybersecurity 65

Cybersecurity 65

Fundera

JUNE 13, 2017

As an accountant, I often see small business owners struggle to get a handle on their accounts payable. Even the term sounds a bit daunting, doesn’t it? But accounts payable is just a fancy accounting name for bill management. Accounts payable is the account on the balance sheet that reflects the amount of money you currently owe your vendors. As your small business grows and you develop relationships with trading partners, it is important that you have a system in place to effectively and effic

Deductions 63

Deductions Small Businesses Credit Application Transactions 63

Fundera

JUNE 14, 2017

Technology has caused many industries to shrink, frightening some entrepreneurs. But the smart and brave ones can find opportunities if they’re able to adjust or disrupt amid the decline. . “Generally speaking, manufacturing has been the principal industry that has been shrinking as a result of technology,” says Mark A. Cohen, the director of retail studies at Columbia University’s Graduate School of Business. “Think of the typical auto assembly line that robotical

Small Businesses 59

Small Businesses 59

Fundera

JUNE 14, 2017

If you’re a small business owner, especially one who doesn’t have a great personal credit score, you might be looking for a business credit card that doesn’t require a personal credit check. That way, your business’ interest rate and credit line would be evaluated on the company’s merits, rather than your own FICO score. Unfortunately, it’s pretty hard to find an unsecured, no credit check card for smaller or newer businesses.

Credit Scoring 57

Credit Scoring Default Transactions Small Businesses 57

Fundera

JUNE 13, 2017

Should you use a bank loan to fund your business? A Harvard Business School study shows that nearly half of all small business owners finance their businesses via commercial bank loans. More than a quarter of small business owners (about 38%, in fact) finance their businesses with regional or community bank loans. Where are small business owners finding these bank loans for business?

Small Businesses 61

Small Businesses Credit Unions Credit Scoring Deductions 61

Fundera

JUNE 15, 2017

For years, you’ve heard over and over again about the importance of maintaining a strong personal credit score. Whether from the ebbs and flows of that three-digit score that appears on your monthly credit card statement or the interest rate you were offered when you bought your first car, or even your first home—you’ve probably lived through the impact of building credit in your personal life.

Credit Reporting Agencies 87

Credit Reporting Agencies Credit Scoring Credit and Collections Medical Billing 87

Fundera

JUNE 10, 2017

If you’ve ever taken a business class, checked out a business plan template online, or spent time at a corporate conference or retreat, you’ve probably heard the term SWOT analysis thrown around from time to time. You might have even learned the acronym it refers to: strengths, weaknesses, opportunities, and threats. But has anyone ever explained the process of conducting a SWOT analysis or how it can be used to propel your business forward?

63

63

Fundera

JUNE 12, 2017

As a small business owner, you choose your employees with care and stick to hires that fit perfectly with your small team. You’re often hunting for highly skilled go-getters who know how to wear more than one hat. You crave employees who will put their hearts into their work and back your vision with enthusiasm. We understand your high standards, boss, and we guarantee you’ll recognize yourself in a few of these GIFs. 1.

Small Businesses 54

Small Businesses 54