Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. The BBB Senior Medicare Patrol issued a COVID-19 Consumer Tip Sheet to protect potential targets of these scams. Train your frontline staff to recognize the red flags of potential elder financial abuse. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue th

Cybersecurity 134

Cybersecurity Transactions 134

Fundera

JULY 20, 2020

The 14 Best Small Business Grants for Women Entrepreneurs. Grants.gov. National Association for the Self-Employed Growth Grants. Eileen Fisher Women-Owned Business Grant Program. Amber Grant. IdeaCafe Grant. Girlboss Foundation Grant. Cartier Women’s Initiative Award. GrantsforWomen.org. FedEx Small Business Grant. The Halstead Grant. Open Meadows Foundation. 37 Angels.

Small Businesses 145

Small Businesses 145

Accenture Credit Management

AUGUST 17, 2020

The likelihood of a quick, V-shaped COVID-19 economic recovery is fading in many countries. The impact of the downturn—lower incomes, further job losses, diminished demand and more—is likely to endure, driving many consumer and business borrowers into default. A torrent of delinquencies will cause a new credit crisis that is likely to swamp but not….

Default 111

Default Credit Management 111

Business Credit

JULY 31, 2020

How to Build Business Credit In today’s post we’re going to talk about a key fundamental step for building business credit for your company. While acquiring credit from vendors, suppliers and other businesses that report to the business credit agencies is a widely known practice for establishing business credit; why not also have your business […].

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Sansan

DECEMBER 23, 2020

More than ever, companies have many different resources to stay in touch with their in-house and remote employees on a daily basis – emails and newsletters, robust communication platforms, integrated team collaboration tools, and more. However, many employees feel disengaged from their work or the company they work for. So, making important internal announcements and the task of motivating employees a real challenge that affects productivity and focus.

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blue dot counseling

DECEMBER 13, 2020

Most MDs want and need more from their accountant, even if they can't quite put their finger on what "more" looks like. The post What should my business look for from an accountant? appeared first on Blue Dot Consulting.

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StackSource

DECEMBER 13, 2020

The 90s ushered in the combo guard role that ultimately led to a "positionless" league. Real estate uses are primed for a similar evolution.

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GoCardless

DECEMBER 16, 2020

Funding round led by Bain Capital Ventures will fuel open banking strategy, accelerating delivery of next-generation bank-to-bank payments

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Fundera

AUGUST 25, 2020

What makes for a great city for women entrepreneurs? It’s a city where women have the means, opportunities, and support to start their own business. It’s a city where they are surrounded by other women entrepreneurs and where they earn the same as their male counterparts for the same work (which in much of the U.S. is still not a given). It’s also a place where women can hire from a community that champions them.

Small Businesses 143

Small Businesses 143

Abrigo

APRIL 4, 2020

Key Takeaways Friday's rollout of the PPP program was met with confusion, frustration, and glitches. E-Tran has been the subject of many frustrations. New lenders must follow a two-stage process to set up access to E-Tran. Current lenders may not be able to log in to E-Tran because they forgot their E-Tran credentials or their login expired. There are several steps these users can take to troubleshoot.

Credit Risk 128

Credit Risk Small Businesses 128

Abrigo

OCTOBER 21, 2020

Key Takeaways Trepp's head of Commercial Real Estate Finance outlined the current CRE market and looked at the future of CRE during Abrigo's recent ThinkBIG conference. The overall CMBS delinquency rate in September declined from a near peak rate earlier this year. Forebearances rose in September, topping $31 billion. The pandemic's impact on CRE. This post by Hayley Collier , Trepp's Marketing Communication Specialist, was originally published on Trepp's blog and can be found here.

Credit Risk 125

Credit Risk CECL Default 125

Abrigo

JANUARY 6, 2020

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Regulatory change in focus. Bank Secrecy Act (BSA) and compliance officers at financial institutions in 2019 remained focused on staying on top of all of the regulatory changes occurring in the space, and it showed in the articles on Abrigo’s blog that we

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120

Fundera

SEPTEMBER 15, 2020

Benefits of Getting an EIN. File Business Taxes and Avoid Tax Penalties. Prevent Identity Theft. Add Credibility as a Freelancer and Independent Contractor. Speed up Business Loan Applications. Open a Business Bank Account. Build Trust With Vendors. Establish Business Credit. Easily Hire Employees. Get More Options as an Overseas Entrepreneur. An employer identification number (EIN), or business tax ID, is a unique nine-digit number that you use when filing taxes for your business.

Deductions 130

Deductions Bankruptcy Small Businesses Credit Scoring 130

Fundera

MAY 7, 2020

For a relatively small population, veteran entrepreneurs have a significant footprint on the landscape of small business in the U.S. And like many business owners, they sometimes need business loans or other forms of funding to help launch or grow their endeavor. As of 2019, 2.5 million of the country’s small businesses were owned by veterans, which accounts for 9.15% of all American businesses.

Small Businesses 130

Small Businesses Nonprofit Organizations 130

Fundera

OCTOBER 13, 2020

According to the Urban Institute, a Black-owned bank is defined as a financial institution that provides services to minority communities and is 51% or more Black-owned. [1] Black-owned banks have been around since 1888, but they’ve stagnated in recent years. Although there were 48 Black-owned banks in 2001, there are fewer than 25 today (not including a number of credit unions). [2] As the Black Lives Matter movement continues to be at the forefront of people’s minds, it’s a good time to be mo

Credit Unions 122

Credit Unions Small Businesses 122

Abrigo

APRIL 30, 2020

Key Takeaways Borrowers must document how their PPP loans are used Borrowers must maintain employee and compensation levels At least 75% of the loan must be used for payroll and other permissible expenses Borrowers must have "economic need" for a PPP loan. This week, a new round of funding was made available for Paycheck Protection Program (PPP) loans.

Cybersecurity 109

Cybersecurity Small Businesses Credit Risk 109

Abrigo

FEBRUARY 13, 2020

Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices. CRMs help institutions scale processes, relationships, and communication, without sacrificing the personal relationships the bank or credit union has formed.

Credit Unions 109

Credit Unions Credit Risk 109

Fundera

JANUARY 30, 2020

America’s small businesses run on the tireless effort and ingenuity of their owners and employees. They also require capital or funding—otherwise known as the cash to cover overhead costs, make repairs, fund expansion, upgrade equipment, or even buy another business. . While some startups are lucky enough to be buoyed by venture capital, most U.S. businesses (and remember, U.S. small businesses make up 99.7% of the country’s employer firms ) turn to some kind of small business loan to help them

Small Businesses 122

Small Businesses Credit Scoring Law Firms Credit and Collections 122

Fundera

SEPTEMBER 8, 2020

Top 10 Fall Marketing Ideas. Fall-Specific Content Marketing. Fall Contests and Giveaways. Get Your Business in the Fall Spirit. Create Special Fall Products or Services. Fall-Themed Direct Mail Campaign. Infuse Fall Energy Into Your Social Media Channels. Launch a Thanksgiving Charity Initiative. Put a Fall Spin on Your Loyalty Program. Cross-Promote With Fall in Mind.

Small Businesses 119

Small Businesses Accounting Firms 119

Fundera

SEPTEMBER 8, 2020

Service Business Ideas: The Top 15. Personal fitness trainer. Grocery shopping and delivery. Makeup artist. Doula and birth coaching services. Private school application consultant. Elder companion and care provider. Pet sitting. Handyman service. Mobile car-wash and detailing. Virtual assistant. Graphic designer. IT systems consultant. Mobile notary public.

Small Businesses 119

Small Businesses 119

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward. The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can

Credit Unions 103

Credit Unions Credit Risk 103

Fundera

NOVEMBER 10, 2020

In all of the business planning you’ve done, you might not have thought about how to hand over your stake in the business when you retire or move on. Or, in a worst-case scenario, what happens to the finances when selling your business in the event that you’re incapacitated or die. Hard stuff to think about, but it’s better to have a plan for selling your business in these cases—known as a buy-sell agreement—than be left unprepared.

Bankruptcy 116

Bankruptcy 116

Fundera

APRIL 20, 2020

Small businesses across the country have been impacted by the coronavirus pandemic, and many have turned to the Paycheck Protection Program (PPP) to help them keep employees on their payroll as well as cover other costs. PPP loans are low interest, require no collateral or guarantee, and—if used as the program intended—don’t need to be paid back. .

Credit Unions 116

Credit Unions Deductions Small Businesses 116

Abrigo

JULY 30, 2020

Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Regulators will have elevated interest in credit risk and the resulting impact in the months ahead. Consider utilizing the same advisor for any stress testing or credit-focused capital planning as for estimating the allowance for loan and lease losses.

CECL 99

CECL Credit Unions Credit Risk Default 99

Fundera

OCTOBER 6, 2020

Top Grants for Nonprofits. 3M Foundation. The Carnegie Foundation. The Coca-Cola Foundation. Walmart Foundation. Ford Foundation. Amazon Web Services Imagine Grant. Bank of America. Google Ad Grants. Google for Nonprofits. Does your nonprofit organization have an amazing project but need funding to get started? Despite your noble intentions and philanthropic efforts, you still need capital to launch programs that benefit individuals, communities, and even our planet.

Nonprofit Organizations 111

Nonprofit Organizations Small Businesses 111

Fundera

SEPTEMBER 17, 2020

What Is LegalShield? LegalShield is an online legal service that provides affordable legal coverage for small businesses and individuals. Instead of paying the steep hourly rates typically charged by law firms, customers can pay a fixed monthly rate for legal representation and advice on a range of issues. The company is an industry veteran, founded in 1972.

Law Firms 111

Law Firms Debt Collections Credit and Collections Small Businesses 111

Fundera

AUGUST 18, 2020

Top Business Grants for Black Women. SBA 8(a) Business Development Program. IFundWomen. NASE Growth Grants. Minority Business Development Agency (MBDA). Grants.gov. The Amber Grant Foundation. The Red Backpack Fund. Female Founders Fund. Black Girl Ventures. The most recent wave of the Black Lives Matter movement has amplified what Black people in America have known for centuries: Systemic racism is alive and well in America.

Small Businesses 111

Small Businesses Credit and Collections 111

Abrigo

FEBRUARY 27, 2020

Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. At most banks and credit unions, for example, staff re-enter the same data point between 1 and 5 times.

Credit Unions 97

Credit Unions Credit Risk 97

Fundera

NOVEMBER 18, 2020

Virtually all Americans have been impacted by the ongoing coronavirus pandemic. But not everyone has been impacted equally. For example, while the country’s richest people have actually seen a massive uptick in wealth since the start of the pandemic, many small business owners have had to fight tooth and nail to keep their businesses afloat. . In addition, not all small business owners are facing the same obstacles.

Small Businesses 105

Small Businesses 105

Fundera

OCTOBER 1, 2020

7 Steps to Create a Company Disaster Recovery Plan. Appoint a disaster recovery team. Make safety a priority. Check your insurance policies. Routinely backup important data. Assess the damage and respond accordingly. Fine-tune your remote working capabilities. Communicate with your vendors, suppliers, and clients. Developing a business disaster recovery plan feels especially relevant these days.

Small Businesses 105

Small Businesses 105

Fundera

AUGUST 9, 2020

A concept that can be confusing and frustrating for small business owners—especially come tax season —is depreciation. With depreciation, you buy an asset, like a computer, and even though the money has already left your bank account you can’t recognize the full expense. This accounting rule can make purchasing assets challenging for small businesses, which isn’t ideal.

Deductions 105

Deductions Small Businesses 105