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Is Your Company Ready for a Downturn in the Economy?

Credit Research Foundation

million jobs, and the unemployment rate peaked at 10% in October 2009. Since then, we’ve weathered the COVID-19 pandemic, which many experts predicted would lead to a wave of defaults and business closures. Does my team have the expertise and experience to keep us ahead of potential default situations? economy shed over 8.7

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Configuring ADS to generate interactive PDF for Adobe Reader 9.x and higher

SAP Credit Management

The issue was linked to a mismatch of default ADS configuration and PDF print forms (XDP forms by Adobe). Finding a path to success ADS instance was configured with default (out-of-the-box) parameters. That is with default configuration of producing PDF version 1.65. PDF version Compatible Adobe Reader Release year 1.6

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How to Find the “Best-Fit” QuickBooks ProAdvisor for Your Business

Fundera

Those advanced certification exams are tough; in 2009, the advanced desktop certification made me cry. That will turn up a list of ProAdvisors, and is sorted by “default” at first. Honestly, I’m not sure what the default is. If you can find a ProAdvisor that has their Advanced certification, then even better.

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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Historically, business failures increase after a recession. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

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Kabbage Vs. OnDeck: Which is Best for Your Small Business?

Fundera

Since it launched in 2009, Kabbage has financed over $1 billion in small business loans to more than 100,000 small businesses. Personal guarantee required, which means lenders can come after your personal assets if you default. Read more borrower reviews of OnDeck.). Lender can place a lien on your business assets.

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Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022)

FICO Blog

Assume an auto finance portfolio’s current underwriting risk management strategy requires applicants to have an expected 24-month default rate less than 3%. Figure 1: Auto finance account origination default rates by FICO® Auto Score 8, Oct 13-Oct 15 and Oct 07-Oct 09 versus a theoretical 3% default rate cut-off.

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Labor Laws for Small Business Owners: Everything You Need to Know

Fundera

Many cities and states across the nation have their own labor laws, while some states default to the federal standards. Congress hasn’t raised the federal minimum wage since 2009. . For small business owners, there can be further confusion around labor regulations when state and federal laws conflict. Federal Minimum Wage Laws.