Your Virtual Credit Manager

NOVEMBER 12, 2024

Monitoring and evaluating the credit risk posed by public companies and other large firms differs significantly in comparison to small and mid-sized businesses. Because most of your biggest customers will be larger firms instead of smaller, it is typically the larger firms that will require higher credit limits.

Chapter 11 130

Chapter 11 Accounts Receivable (AR) Bankruptcy Credit and Collections 130

Abrigo

APRIL 24, 2025

Effective loan review is a key element of managing concentration risk in loan portfolios. Its a good reminder that in todays environment, risk managers and credit professionals should reexamine how they identify, assess, and communicate portfolio vulnerabilities. Louis Fed shows.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Dashboards 78

Abrigo

AUGUST 29, 2022

Credit risk pricing Maintaining consistency in credit risk pricing can be broken down into three important factors. Takeaway 1 Risk rating using multi-factor contributions is key to building a strong credit risk pricing model. Learn more about credit risk in, "Commercial risk rating considerations.".

Credit Risk 78

Credit Risk Credit Unions Default Small Businesses 78

Your Virtual Credit Manager

FEBRUARY 4, 2025

Credit management takes center stage when: New customers apply for credit terms. There needs to be a determination of the risk of the new account going delinquent or defaulting in accordance with your firm’s tolerance for credit risk. it just might help them collect faster and pay you sooner.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Invoice Disputes Bad Debt 130

Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. You might also like this guide for smarter, faster small business lending.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Your Virtual Credit Manager

JANUARY 28, 2025

This company’s evaluation of the risk/reward tradeoff was flawed because it underestimated the credit risk of “large” enterprises. Learn More About Credit Reports Please share this newsletter with your small business customers. Creditworthiness should never be taken for granted.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt Credit and Collections Bankruptcy 130

Your Virtual Credit Manager

FEBRUARY 25, 2025

To better deal with these customers, it is helpful to segregate them into three groups: Those who are financially strong (low credit risk) and are trying to increase their cash position through late payments. Learn More About Credit Reports Please share this newsletter with your small business customers.

Bad Debt 130

Bad Debt Credit and Collections DSO Debt Collections 130

Abrigo

OCTOBER 14, 2022

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." keep me informed. Know your limits.

Credit Risk 78

Credit Risk CECL Small Businesses 78

Abrigo

MAY 2, 2024

Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending.

Small Businesses 88

Small Businesses Credit Risk Credit Unions CECL 88

Abrigo

JANUARY 24, 2025

Adding to pricing challenges: the complexity of the CFPB 1071 regulation for small business lending data collection. The rule requires financial institutions to collect and report data on small business loan applications, including certain CRE loans. Newberry cautioned lenders to ensure their practices are defensible.

Credit Unions 88

Credit Unions Credit and Collections Credit Risk Small Businesses 88

Credit Management Group UK

DECEMBER 16, 2024

Different customer types require different collection strategies, for example if some of your customers are local government authorities; whist there is little risk associated with these customers there is usually considerable bureaucracy to get a an invoice paid.

Credit Management 85

Credit Management Credit and Collections Order to Cash Credit Risk 85

Abrigo

SEPTEMBER 25, 2024

Small Business Administration’s E-Tran system has long been a central tool for lenders looking to submit and manage SBA loans efficiently. Indeed, the Federal Reserve's recent interest rate cut could trigger renewed interest from small businesses looking to refinance or expand under more favorable rates.

Credit Unions 151

Credit Unions Credit Risk Credit and Collections Small Businesses 151

Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Takeaway 1 Financial institutions are using small business loans as a source of growth and this trend will continue. .

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Abrigo

DECEMBER 31, 2019

What Objectives Should Loan Review or Credit Risk Review Systems Address? An effective loan review system has always been critical for managing portfolio risk at financial institutions and for accurately estimating the allowance for loan and lease losses, or ALLL. Credit Risk. Lending & Credit Risk.

Credit Risk 60

Credit Risk Credit Unions Small Businesses 60

Your Virtual Credit Manager

JANUARY 7, 2025

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, and Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers.

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit and Collections Accounts Receivable (AR) 130

Abrigo

FEBRUARY 14, 2023

What to know about the CFPB 1071 rule affecting small business loans This post provides answers to some frequently asked questions about data requirements and other changes likely from the new rule. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending.

Small Businesses 78

Small Businesses Credit and Collections Credit Unions Credit Risk 78

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Fundera

FEBRUARY 6, 2018

Running a business involves a constant learning curve. And that applies whether you’re a rookie entrepreneur just starting out with a great idea for a new business or a more established small business owner with a quickly growing business that needs to expand. Accounting Terms to Know. Accounts Receivable.

Small Businesses 105

Small Businesses Credit Scoring Credit and Collections Bankruptcy 105

Abrigo

MARCH 3, 2022

By leveraging their strengths in relationship lending and their access to technology in order to grow the small business loan portfolio profitably. You might also like this whitepaper on big opportunities in small business lending DOWNLOAD . Small businesses are turning to small lenders.

Small Businesses 78

Small Businesses Credit Risk Transactions 78

Your Virtual Credit Manager

OCTOBER 29, 2024

For an Introduction to Business/Commercial Collections, join David Schmidt online November 12, 2024, at 1:30 PM EDT. Webinar Registration Do you need help assessing your customers’ credit risks? Learn More About Credit Reports Please share this newsletter with your small business customers.

Past Due Invoices 100

Past Due Invoices Credit and Collections Collector Default 100

Your Virtual Credit Manager

MAY 23, 2023

Please feel free to share this newsletter with your small business customers. Do you need help with your credit policies and procedures? The experts at Your Virtual Credit Manager will analyze your situation to provide you with actionable insights for managing credit risk and shortening your cash conversion cycle.

Bad Debt 49

Bad Debt Credit and Collections Deductions Invoice Amount 49

Abrigo

NOVEMBER 12, 2016

Many community banks and credit unions are turning to small business loans as a source of loan growth. In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path.

Small Businesses 74

Small Businesses Credit Unions Credit Risk Default 74

Abrigo

APRIL 21, 2020

Beneficial State Bank has been pulling out all the stops to help small businesses and nonprofits in need of Paycheck Protection Program (PPP) loans. Lending & Credit Risk. CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans. Lending & Credit Risk.

Small Businesses 78

Small Businesses Credit Risk Credit and Collections 78

Biz2X

MAY 1, 2025

While traditional business loan underwriting has been human-based and reviewed by banking staff, the industry is evolving toward software-driven, automated lending decisions. Small business lending is influenced by a confluence of factors, including technological advancements, regulatory changes, and borrowers seeking funding.

Credit Risk 52

Credit Risk Small Businesses Credit Scoring Default 52

Fundera

FEBRUARY 21, 2017

The other report that small businesses need to understand is the b alance sheet. Many small business owners know that the balance sheet is important, but they don’t really understand what it is telling them. Is your business giving you a return on your investment? Assets = Liabilities + Equity.

Small Businesses 85

Small Businesses Credit Risk 85

Abrigo

APRIL 12, 2021

Finally , credit risk analysis software that is part of an end-to-end LOS allows credit staff to take advantage of automated loan decisioning , loan management system workflows, and financial spreading. In other words, lenders and credit analysts can save time by not having to log in and out of various systems.

Credit Unions 135

Credit Unions Credit Risk Credit and Collections Cybersecurity 135

Fundera

JUNE 25, 2018

Twelve Federal Reserve Banks surveyed 10,303 small businesses (businesses with fewer than 500 employees), and the results might surprise you. Rural businesses are smaller and grow more slowly, the data from the Small Business Credit Survey (SBCS) shows. Location Matters For Every Small Business.

Small Businesses 81

Small Businesses Credit Scoring Law Firms Credit Risk 81

Fundera

SEPTEMBER 18, 2018

There are five notable components of a personal credit score. But you might be surprised at some of the lesser-known factors that could affect your score and how they might affect you as a small business owner. How Credit Bureaus Calculate Your Credit Score. Why This Matters for Small Business Owners.

Credit Scoring 93

Credit Scoring Small Businesses Credit and Collections Collector 93

Your Virtual Credit Manager

FEBRUARY 13, 2024

Following the sharp but short Covid Recession, roughly 5 million small businesses closed shop in the first six months after the economic shutdown, but commercial bankruptcies did not begin increasing until May of 2023, ostensibly due to the government’s economic stimulus programs. Here’s more on setting credit limits.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Abrigo

SEPTEMBER 23, 2024

Visualize your data, access benchmarks, and streamline reporting learn more talk with an expert Webinar Commercial Lending Credit Risk Management Lending & Credit Risk When good loans go bad: Managing problem and distressed loans Learn More Webinar Commercial Lending Lending & Credit Risk Small Business Lending Answering your top CFPB 1071 (..)

Credit Unions 88

Credit Unions Credit Risk Credit and Collections Small Businesses 88

Your Virtual Credit Manager

OCTOBER 17, 2023

(Photo by Jandira Sonnendeck on Unsplash ) In most cases, you therefore have to extend credit to your B2B customers, which entails the following risks: Not being paid anything Being paid an amount less than the full invoice value Not being paid on time, whether in full or in part These outcomes are known as credit risks.

Bad Debt 130

Bad Debt Credit and Collections Credit Risk Accounts Receivable (AR) 130

Abrigo

JUNE 18, 2020

New Paycheck Protection Program (PPP) loan-forgiveness applications rolled out from the Small Business Administration (SBA) June 17, including an “EZ” form intended to streamline the process for certain borrowers. Lending & Credit Risk. How the Pandemic and PPP Have ‘Turbo-charged’ New Business Lending Strategies.

Credit Risk 117

Credit Risk CECL Small Businesses 117

Your Virtual Credit Manager

FEBRUARY 6, 2024

As a small business owner or executive, managing accounts receivable (AR) and navigating through various credit decisions is an integral part of the job. After all, credit and collections is essential to the performance of your order-to-cash (O2C) process and cash conversion cycle. it just might help them pay you sooner!

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 130

Your Virtual Credit Manager

OCTOBER 22, 2024

When we first think about credit risk, our minds focus on the financial status of the company in question. To manage the risk that a customer might default, companies implement credit and collection policies and procedures. Learn More About Credit Reports Please share this newsletter with your small business customers.

Past Due Invoices 130

Past Due Invoices Credit and Collections Credit Card Payments Default 130

Your Virtual Credit Manager

OCTOBER 3, 2023

These customers pose the highest risk of bad debt loss. This is a classic approach and when executed properly, it can enable a company to satisfactorily manage their credit risk. It should also facilitate maximizing revenue from customers with a higher degree of credit risk. it just might help them pay you sooner!

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Credit and Collections 130

Abrigo

JULY 20, 2024

Credit risk : In C&I lending, at least part of the collateral is intangible. The emphasis for commercial credit risk management and evaluation is cash flow, fixed charges coverage, and working capital cycles. What will need to change for solid commercial credit analysis ? Pruis said.

Credit Unions 78

Credit Unions Credit Risk Small Businesses 78

Your Virtual Credit Manager

FEBRUARY 27, 2024

For a small business owner or executive, navigating credit decisions can be challenging, especially when they clash with the goals of other stakeholders within the company. Alignment is more likely to be achieved when all parties understand the impact of credit risks and systemic failures in the O2C process.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt Days Sales Outstanding Credit and Collections 130