Remove 2012 Remove Credit and Collections Remove Small Businesses
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How Are Your Customers Doing?

Your Virtual Credit Manager

We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. We don’t, however, want to minimize the importance of the credit side of the equation. Do you need help improving cash flow?

Bad Debt 130
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Alternative Business Loans for Your Small Business

Lendio

The availability of dependable cash flow can have a big impact on the success of a small business. Yet a 2021 report from the Federal Reserve shows that, when businesses applied for financing, nearly 60% of applicants were either outright denied or able to borrow only a portion of the money they needed. . Time in Business Min.

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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

Historically, business failures increase after a recession. After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Please feel free to share this newsletter with your small business customers. For more on credit evaluations, check out this post.

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How Payroll Taxes Affect Your Small Business

Fundera

The approximately $1 trillion in payroll taxes (employment taxes) collected by the Internal Revenue Service (IRS) in 2016 was nearly triple that of the $345 billion collected in business income taxes. Fact #2: Most employers are small businesses, and most employees work for small businesses.

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The 4 Best PEO Companies for Small Business

Fundera

In this guide, we’ll share our recommendations on the four best PEOs for small business owners, along with some guidance about how to determine which PEO services makes the most sense for your particular business. . The 4 Top PEO Companies for Small Business. What to Look for in a Top PEO Company.

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Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

Any enterprise extending credit to another business needs to have real treasury expertise. The role of credit should not be focused on preventing bad debt losses, but rather maximizing profits. Please feel free to share this newsletter with your small business customers. Learn More About Credit Reports 5.

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The Economic Impact of Daylight Saving Time on Small Businesses

Fundera

Small business owners in particular might be interested in knowing how daylight saving time affects the bottom line, and whether they’d be better off with or without it. Small business owners don’t sleep anyway, so that extra hour in November doesn’t mean much. How can small businesses take advantage of the change?