Fundera

APRIL 25, 2017

Today, minority groups are well on their way to becoming the majority of our workforce and a large part of the nation’s entrepreneurial endeavors. According to the Minority Business Development Agency (MBDA), the number of U.S. minority business enterprises more than doubled between 2002 and 2012, totaling around 8 million. But starting and running a business can sometimes seem particularly challenging if you’re a minority business owner.

Nonprofit Organizations 81

Nonprofit Organizations Credit and Collections Small Businesses 81

Abrigo

APRIL 28, 2017

Stress testing, especially for community banks, can be challenging because of the lack of specific methodologies and practices recommended by regulators. This gap exists, in part, to allow banks to come up with their own unique program that shows regulators that they can identify and manage those risk, which is the goal of stress testing all along. But banks need to take that first step.

Credit Unions 60

Credit Unions 60

Fundera

APRIL 27, 2017

Starting a business is a huge undertaking. That’s why it’s important to figure out what type of business to start early on. No one wants to step out on the wrong foot and start something that will ultimately fail. For some people, the type of business they’ll start is obvious. They are confident their dreams, skill set, and drive will lead them to the right business type for them.

78

78

Abrigo

APRIL 27, 2017

During a recent webinar with Sageworks , David O’Connell, a Senior Analyst at Aite Group , presented data from a recent survey by Aite of small and medium business borrowers. Included in this data were some key insights into the small business borrower. 1. They apply early… The Aite survey data first looked at the timeline that most borrowers have when they begin applying for a loan. 39% of respondents apply for credit months before they actually need the funds, while another 32% apply weeks bef

Credit Unions 60

Credit Unions Credit and Collections Small Businesses 60

Fundera

APRIL 25, 2017

It takes many things to start and run a successful small business: passion, determination, discipline, and the right people, but the best-laid plans will go nowhere without one key ingredient—cash. The way you manage your cash flow can make or break your business and affect your ability to grow. Small business owners need an easy formula to help them analyze how they use cash and project how much cash they’re going to need to grow their business and meet their future obligations.

Small Businesses 66

Small Businesses Transactions Deductions 66

Fundera

APRIL 27, 2017

Are you a small business owner looking to maximize your travel rewards with a business credit card ? The Chase Ink Business Preferred is one of the best options for 2017, featuring a great signup bonus as well as solid ongoing rewards. But the Ink Preferred isn’t right for everyone—it’s great for big spenders in typical business categories, but others are better served with other options.

Transactions 45

Transactions Small Businesses 45

Fundera

APRIL 28, 2017

For many small businesses, a robust POS (point of sale) system is something they absolutely can’t function without. But with so many POS systems on the market, how can you weed through your options to find the best for your small business? Well, we turned to small business owners just like you to get their take on the POS system they use. Check out these four best POS systems—reviewed by real business owners themselves!

Small Businesses 78

Small Businesses Credit Card Payments Transactions 78

Fundera

APRIL 24, 2017

When you think through different options for business funding , your subconscious might instinctively start bracing itself for a trip to the local bank, complete with an overwhelming stack of paperwork. Turning to Google, you quickly find yourself researching loan opportunities from online alternative lenders. You might even consider using a credit card to finance your most immediate business expenses.

Small Businesses 63

Small Businesses Past Due Invoices Default 63

Fundera

APRIL 26, 2017

U.S. citizens—small business owners included—should keep their trusted news sources in constant refresh until this Friday night. Why? With the bill to fund the government set to expire—and a hot debate on what should go into 2017’s remaining government budget—the government could shut down Friday at 12:01 a.m. if Congress can’t come to agreement on funding legislation.

Small Businesses 74

Small Businesses 74