Lendio

NOVEMBER 13, 2023

In this article, we will delve into this unique financial tool that is specifically designed to keep your construction business on solid ground. Factoring company collects payment – The factoring company takes on the responsibility of collecting the payment from your customer. What is construction invoice factoring?

Credit and Collections 52

Credit and Collections Credit Scoring Small Businesses 52

Lendio

AUGUST 14, 2023

When it comes to small business loans, the US Small Business Administration (SBA) isn’t just a federal agency. These 2 programs provided a total of $30 billion to American small businesses. So the SBA serves as a spark plug for small businesses, which in turn strengthens our national economy.

Credit and Collections 98

Credit and Collections Credit Scoring Nonprofit Organizations Default 98

Biz2X

JULY 11, 2023

Many banks in these challenging times think they can’t afford an investment in business loan automation. The truth: You can’t afford to NOT invest in business loan automation, not if you want to stay competitive, run your operation as efficiently as possible, and serve your customers well. What is Business Loan Automation?

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Credit Unions 52

Due

MARCH 15, 2024

In addition, 64 million Americans have debts that are in collections. Do you have hidden debt? Student loans, credit card debt, and unpaid bills can silently consume the bulk of your income. However, your budget is your guide to financial freedom. At least 20% goes to savings and extra debt payments.

Credit and Collections 52

Credit and Collections Brokerages Credit Unions Deductions 52

Lendio

NOVEMBER 7, 2023

You can launch your own business from the ground up, you can partner with someone else, or you can even buy a small business outright. Buying a small business can create a unique stream of income and help you to launch your new career—you just need to know where to find them and how to invest.

Small Businesses 97

Small Businesses Credit and Collections Credit Scoring 97

Lendio

DECEMBER 13, 2023

When your business needs a quick cash infusion to deal with unexpected expenses, seize growth opportunities, or meet urgent operational costs, fast business loans come to the rescue. This guide will walk you through the various options for fast business loans, helping you make an informed decision that suits your business needs.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses 98

Due

JUNE 27, 2023

Examples include Money’s asset allocation calculator and retirement planning calculator , as well as the following guides from Due; Annuity plan Pension plan 401 (k) But, let’s be honest here. Devise a strategy for eliminating your debt. What are your debts? How do you service your debt while still saving for retirement?

Credit and Collections 75

Credit and Collections Investment Firms Small Businesses 75

Lendio

NOVEMBER 8, 2023

Being unable to make payments on a business loan is not a new phenomenon. Scores of hard-working business owners have found themselves in situations where they couldn’t fulfill their financial obligations. Read to better understand how a default on a business loan typically plays out and how it could affect you.

Default 52

Default Credit Scoring Credit and Collections Bankruptcy 52

Lendio

NOVEMBER 13, 2023

Accounts receivables (AR) are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered, but not paid for. These are typically in the form of invoices raised by a business and delivered to the customer for payment within an agreed-upon time frame. 40,000) upfront.

Credit and Collections 52

Credit and Collections Accounts Receivable (AR) Credit Scoring Invoice Amount 52

Lendio

MAY 23, 2023

When it comes to taxes for small businesses, the questions often come fast and furious. Every small business has unique financial details, so there are no universal answers. There are two primary questions to consider about your business’ tax health. Go to the full chapter on business tax rates.

Small Businesses 52

Small Businesses Deductions Credit and Collections Bad Debt 52

Lendio

JULY 31, 2023

It’s tempting for small business owners to view accounting as a hassle—some necessary evil. And while it’s certainly not the most exciting part of running a business, keeping up with your small business accounting will pay massive dividends and make you a better business owner.

Small Businesses 52

Small Businesses Chapter 11 Chapter 7 Credit and Collections 52

Lendio

MAY 23, 2023

This guide aims to provide you with the necessary knowledge and practical steps to successfully set up and manage your company’s books. Throughout this guide, we will break down complex accounting concepts and give you step-by-step instructions for entering common transactions. What Is Bookkeeping?

Small Businesses 52

Small Businesses Chapter 11 Credit and Collections Chapter 7 52

Lendio

MARCH 31, 2023

Late payments from clients can create financial difficulties—especially for small businesses. If you’re considering creating a late fee policy or need to enforce a late fee with your client, here’s a guide on what to consider and the best invoice late fee wording to use in your communications. It should also be fair to clients.

Past Due Invoices 52

Past Due Invoices Small Businesses 52

Due

MARCH 30, 2023

These assets could be: Any property your own Whatever money you have in a bank account Stocks, bonds, and mutual funds invested through a taxable brokerage account A Roth IRA Your prized vinyl, stamp, coin, or art collection Having a say in how your estate is distributed is essential to your estate planning. Prepare your estate plan.

Brokerages 115

Brokerages Credit and Collections 115

Abrigo

AUGUST 30, 2022

Before increasing commercial loans, think through their profitability and ensure prices set by your institution make sense using the following guide. a “break the bank” scenario) can help a bank consider scenarios beyond normal business expectations and challenge common assumptions about performance and risk mitigation strategies.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Lendio

APRIL 19, 2023

Financial reporting is a crucial function in every business. Not only is it necessary for meeting regulatory requirements and obtaining financing, but it’s also essential for informing your business decisions. Financial reporting involves documenting your business’ financial data and sharing it with various stakeholders.

Credit and Collections 52

Credit and Collections Small Businesses 52

Due

JULY 4, 2023

Do you know that 45 million Americans are currently in student loan debt? Considering the high cost of education, running into debt is easy. So, if you want to know whether going for a student loan would be a viable choice, this guide will bail you out. For most students, there’s no alternative to taking a student loan.

Credit and Collections 64

Credit and Collections Credit Scoring 64

Credibly

OCTOBER 31, 2023

Table of Contents What happens if you default on a business loan? What happens if your business defaults on a loan? What you can do before your loan goes into default Does defaulting on a business loan affect my personal credit? Almost defaulting on your business loan is an incredibly difficult experience to go through.

Default 40

Default Credit Scoring Credit and Collections Bankruptcy 40

Fundera

DECEMBER 17, 2019

6 Small Business Growth Strategies. Small businesses don’t necessarily grow all at once and if you’re just starting a business it can be hard to see growth in its very early stages. Similarly, small business growth can be measured with a whole host of metrics. What Is Small Business Growth?

Small Businesses 138

Small Businesses Bankruptcy 138

NorthOne

APRIL 27, 2023

Understanding how to pay an invoice is a critical skill to possess if you own or operate a business of any size. Businesses small and large need to pay their invoices on time, and establishing a consistent, streamlined approach helps them do just that.

Credit and Collections 52

Credit and Collections Bankruptcy 52

Fundera

AUGUST 26, 2018

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. And, even when you’re eligible for a small business loan later on, they’re instrumental for everyday purchases.

Bankruptcy 65

Bankruptcy Chapter 11 Credit and Collections Chapter 7 65

Fundera

AUGUST 22, 2020

Both LegalZoom and LegalShield are online legal services that aim to help entrepreneurs start a business and run it successfully and legally. Paying an attorney an hourly fee or a retainer can be very costly, and for small business owners, that expense can’t always be justified. Business naming services. Bill of sale.

Law Firms 52

Law Firms Debt Collections Small Businesses 52

TreviPay

JANUARY 30, 2023

While on a business trip to the US in the early 1930s, he went on a 1200-mile round trip to visit some customers. Business-to-business (B2B) is a term for a broad category of different industries and players. Any two businesses working together can be described as such. The typical sales interaction would, too.

Credit and Collections 52

Credit and Collections Alternative Payment Methods Transactions Credit Management 52

Fundera

JANUARY 20, 2019

6 Small Business Growth Strategies and Indicators. Small businesses, like people, don’t necessarily grow all at once. Just as we use many measures to show a person’s growth—in height, weight, age, and accomplishments—we evaluate business growth using a variety of factors. What Is Small Business Growth?

Small Businesses 106

Small Businesses Bankruptcy 106

Lendio

NOVEMBER 13, 2023

Starting a general contractor business can be a rewarding venture, providing the opportunity to showcase your skills while helping others achieve their construction and renovation dreams. Whether you’re a seasoned professional in the construction arena or a committed entrepreneur interested in the industry, this guide is for you.

Credit and Collections 52

Credit and Collections Small Businesses Default 52

Fundera

NOVEMBER 1, 2019

Crowdfunding is a method of fundraising typically used to raise money for business ventures, personal projects, nonprofits, etc. through the collection of small amounts of funds from a large number of contributors. Crowdfunding is the monetary efforts of a collective of individuals who support a business venture or project.

Deductions 84

Deductions Transactions Small Businesses 84

Fundera

MAY 2, 2018

As a new small business owner, you have to figure out a lot of things you’ve never done before. One of them includes how to create a business budget—and that can be insanely intimidating, especially when you’re only starting out. This can all be enough to scare some people away from starting a business in the first place.

Deductions 94

Deductions Small Businesses 94

Fundera

AUGUST 20, 2018

Crowdfunding is the monetary efforts of a collective of individuals who support a business venture or project. Jump to our infographic for a quick overview of everything you need know to know about crowdfunding, or read through our comprehensive guide for a more in-depth look. Choose the right platform for your business.

Small Businesses 84

Small Businesses 84

Fundera

SEPTEMBER 13, 2016

If you’re a small business owner on the hunt for business loans , you probably know the deal with traditional banks: big banks just don’t lend to small businesses. More than 80% of banks reported that they tightened their lending standards for small businesses after the recession. That’s partly true.

Small Businesses 104

Small Businesses Credit Scoring Credit and Collections Credit Card Payments 104

Fundera

JULY 16, 2019

The accounts receivable turnover ratio is used to measure how effective a company is at extending credits and collecting debts. You can calculate your business’s accounts receivable turnover ratio by dividing your net credit sales by your average accounts receivable. Accounts Receivable Turnover Ratio.

Credit and Collections 52

Credit and Collections Credit Sales Bad Debt Small Businesses 52

Fundera

OCTOBER 20, 2019

How to Manage Small Business Finances in 5 Comprehensive Steps. Choose a business bank account and separate your personal and business finances. Organize your business finances by using accounting software and hiring a professional. Understand and fulfill your business tax responsibilities.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

Fundera

SEPTEMBER 14, 2020

Finding business funding opportunities that you won’t need to repay for your small startup can be appealing. Creating your own small business in Florida can be done rather quickly, but the administrative costs, office space expenses, and additional business fees can add up fast. Florida High Tech Corridor Grant.

Small Businesses 58

Small Businesses Credit and Collections 58

Fundera

JULY 5, 2020

Many small business owners choose to incorporate their business. Corporate business entities come with tax advantages and liability protections. Here, we’ll review everything you need to know about the S-corporation—including how to form one—so you can decide what’s best for your business.

Deductions 96

Deductions Default Small Businesses Transactions 96

Fundera

NOVEMBER 13, 2015

Here at Fundera, we try to provide small business owners like yourself everything you could possibly need. We want to make your small business…. Usually, small business owners are at the whims of their lenders. Only around 19% of small business owners can borrow from a bank, in fact.

Small Businesses 92

Small Businesses Credit and Collections 92

Fundera

AUGUST 10, 2017

There’s no doubt that student loan debt is a massive issue in the U.S. Collectively, Americans owe over $1.4 trillion in student loan debt spread out among 44 million borrowers —and it’s only growing. 70% of students this year graduated with loan debt, averaging around $35,000—up from $13,327 in 1995. Managing Debt.

Credit Scoring 75

Credit Scoring Credit and Collections Small Businesses Bankruptcy 75

Fundera

SEPTEMBER 13, 2016

If you’re a small business owner on the hunt for business loans , you probably know the deal with traditional banks: big banks just don’t lend to small businesses. More than 80% of banks reported that they tightened their lending standards for small businesses after the recession. That’s partly true.

Small Businesses 92

Small Businesses Credit Scoring Credit and Collections Credit Card Payments 92

Fundera

MARCH 17, 2016

Attention all small business owners: do you have short-term debt that was written off? If not, it might affect your chance of getting that next business loan. Here’s what you need to know, including what you shouldn’t do when writing off short-term debt. What is Short-Term Debt?

Bad Debt 70

Bad Debt Credit and Collections Small Businesses 70