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. ATM access.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

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

Fundera

NOVEMBER 4, 2015

When you’re new to the world of small business lending, it’s not uncommon to have more questions than answers. Almost without fail, the first question every small business lender or loan broker will ask you is, “How much do you need?” How will my credit impact my small business lending options?

Small Businesses 97

Small Businesses Credit Scoring Credit and Collections Default 97

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

CreditStrong for Business

JANUARY 3, 2025

If you’ve borrowed money for your small business and used collateral to secure the loan, you may notice something called a UCC filing on your business credit report. A UCC filing is a legal notice that allows a creditor to notify other creditors about assets your business has used to secure a loan with the filer.

Credit Scoring 52

Credit Scoring Default Transactions Small Businesses 52

Your Virtual Credit Manager

OCTOBER 22, 2024

To manage the risk that a customer might default, companies implement credit and collection policies and procedures. Those policies and procedures, however, also need to include practices designed to mitigate the risk of fraudulent transactions. (Jp it just might help them collect faster and pay you sooner. Share Read more

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Past Due Invoices Credit and Collections Credit Card Payments Default 130

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

Fundera

SEPTEMBER 18, 2018

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. 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.

Credit Scoring 93

Credit Scoring Small Businesses Credit and Collections Collector 93

Fundera

MARCH 16, 2016

First, I want to address the second part of this article: Why does your small business need one? All it takes to make a small business owner realize why they need a bookkeeper is one simple question: Did you start your business so that you could do bank reconciliations every month? We’ll get to that in a moment.

Small Businesses 69

Small Businesses Credit and Collections Transactions Default 69

Fundera

OCTOBER 22, 2018

Deciding to become a credit card merchant is a huge step for a small business. Whether you decide to take on credit card processing capabilities from the get-go, or you gradually build your way up to it, it’s certainly a valuable step toward preparing your business for major growth. Starting at 2.75% per transaction.

Small Businesses 72

Small Businesses Credit Card Payments Transactions Default 72

Fundera

NOVEMBER 7, 2020

Here’s what you need to know about business bridge loans, and where you can start your search for bridge lenders. What Is a Bridge Loan for Small Business? A bridge loan is a short-term loan that does exactly what the name suggests—it bridges the gap in time for a transaction to close. Business Lines of Credit.

Small Businesses 75

Small Businesses Credit Scoring Transactions Default 75

Your Virtual Credit Manager

JULY 23, 2024

This is especially true in the case of small business customers, who will do everything they can to keep paying their suppliers and vendors, including tapping out their personal credit, until the bottom falls out. Irregular payments are a clear warning sign that default may be around the corner.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Shared Service Center Small Businesses 130

Biz2X

MARCH 18, 2025

Reading Time: 4 minutes Data-driven strategies have become integral for small business lending, particularly within digital commercial lending. According to Forbes, Small Business Administration-backed loans had a near-record start in 2025, with $8.8 According to the U.S.

Small Businesses 52

Small Businesses Default Transactions 52

Fundera

JANUARY 25, 2019

If you’re a small business owner that keeps bookkeeping far away from your to-do list, it’s likely that you’ve asked this exact question many times before. There’s no cut-and-dry answer—bookkeepers can wear many different hats depending on what each business needs. What do bookkeepers do?

Credit and Collections 106

Credit and Collections Transactions Small Businesses Default 106

Fundera

MAY 4, 2017

Sometimes you just need extra capital to grow your business. If you’re not willing to give up equity in your company or don’t qualify for small business grants , then taking on a business loan could be the way to go. However, business loans certainly aren’t free money to use as you please for your business.

Small Businesses 85

Small Businesses Credit and Collections Credit Scoring Invoice Amount 85

Fundera

JANUARY 20, 2018

But first, I want to address the initial question that might be on any business owner’s mind who’s also wondering “What do bookkeepers do?”—let’s ”—let’s first discuss why your small business needs a bookkeeper in the first place. Why Does Your Small Business Need a Bookkeeper?

Transactions 106

Transactions Credit and Collections Small Businesses Default 106

Your Virtual Credit Manager

SEPTEMBER 17, 2024

For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. Over time, this erodes profitability and financial stability, making it harder to keep the business running smoothly.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Your Virtual Credit Manager

MAY 2, 2023

Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. Please feel free to share this newsletter with your small business customers. economy grew at 1.1%

Bankruptcy 100

Bankruptcy Credit and Collections Accounts Receivable (AR) Default 100

Your Virtual Credit Manager

DECEMBER 27, 2022

Cash flow is the biggest cause of customers defaults, but often cash flow is a result of other financial problems or miscues. Please share this newsletter with your small business customers. A business with a strong credit history is more likely to be considered creditworthy than one with a weaker credit history.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 130

Eagle Business Credit

APRIL 8, 2025

In today’s ever-changing economy, small business owners have several alternative business financing options , each with distinct features and implications. Two of the most popular business funding sources are Merchant Cash Advances (MCAs) and Invoice Factoring. MCA: Defaulting on an MCA loan can be costly.

Deductions 45

Deductions Credit Scoring Credit and Collections Default 45

Your Virtual Credit Manager

SEPTEMBER 10, 2024

Pricing Problems: A supplier of medical devices implemented a new ERP system, but flaws in the pricing application caused it to frequently default to list price (nearly every accounts had exceptions), thereby generating hundreds of incorrect invoices. Customers refused to pay as billed, frequently demanding corrected invoices.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

SEPTEMBER 19, 2023

Please feel free to share this newsletter with your small business customers. Ideally, the customer will agree to sign a Promissory Note, which in the event of default can be taken to a judge with the assurance you will be granted a judgement against the debtor since this document is prima facie proof of the debt.

Credit and Collections 130

Credit and Collections Default Bad Debt Credit Risk 130

Fundera

OCTOBER 13, 2016

If you’re a small business owner looking for a line of credit to expand or improve your company’s operations, you might’ve seen part one of our series on working with Kabbage, an online lender known for their ease and speed. But now you might be wondering… How does the underwriting process for Kabbage work?

Small Businesses 84

Small Businesses Transactions Default 84

Your Virtual Credit Manager

APRIL 25, 2023

Please feel free to share this newsletter with your small business customers. Share The Importance of Aligning Sales and Credit It is important to keep in mind that trade credit — transactions between companies — is very different from commercial lending. it just might help them pay you sooner!

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Your Virtual Credit Manager

MAY 16, 2023

By avoiding the following common traps, or myths if you will, businesses can minimize the risk of non-payment or default and make better informed decisions about extending credit to other businesses that will boost sales and profits. Please feel free to share this newsletter with your small business customers.

Bad Debt 100

Bad Debt Credit and Collections Default Small Businesses 100

Fundera

DECEMBER 31, 2018

All in all, Intuit GoPayment’s fee structure will work better than Square’s for businesses that typically process larger transactions. And though Intuit GoPayment offers simpler mobile POS solutions than Square does, that it can easily integrate to QuickBooks accounting software is a game-changer for many business owners.

Small Businesses 45

Small Businesses Default Transactions 45

Fundera

MARCH 6, 2019

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. Business Finance Terms and Definitions to Know.

Credit Scoring 105

Credit Scoring Credit and Collections Bankruptcy Small Businesses 105

Fundera

NOVEMBER 1, 2018

If you’re a small business owner trying to more effectively manage your spending, consider investing in a prepaid business debit card. Prepaid business debit card holders preload their card with however much money they want to spend, ensuring that they never go over their limit or spend more than they can afford.

Small Businesses 49

Small Businesses Credit Card Payments Credit Card Companies Credit and Collections 49

Abrigo

AUGUST 29, 2022

Credit risk refers to the potential for a loss if a borrower or a counterparty to the transaction fails to meet its obligations as they fall due. Risk Rating One method for pricing a loan is to assign a risk rating to quantify risk of default. Small Business Lending. Small Business Lending. download guide.

Credit Risk 78

Credit Risk Credit Unions Default Small Businesses 78

Fundera

SEPTEMBER 4, 2017

QuickBooks Online (QBO) is not only an awesome tool—it’s an essential one for any small business owner looking to rely on an accounting software to keep their books in order. The following transactions can be added or linked to the project too: I really like the data entry on all related forms are pre-filled with the project name.

Transactions 91

Transactions Default Small Businesses 91

Your Virtual Credit Manager

FEBRUARY 28, 2023

Getting customers to pay now rather than later reduces the risk of a default down the road. A Prompt Payment Discount can help you avoid serious losses as customers go out of business. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Abrigo

JANUARY 14, 2021

Third round of PPP funding is available for small businesses. There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. Stopping PPP Fraud in New Round of Funding. PPP Fraud Spikes.

Bad Debt 78

Bad Debt Small Businesses Transactions Default 78

Fundera

JUNE 26, 2017

You might have seen a reference to a UCC-1 filing on your business’s credit report, but if that previous sentence just launched you into financial confusion—don’t worry! But the aspect of the UCC we’ll be discussing—and what your business really needs to know about—is Article 1: General Provisions, or a UCC-1 Filing. What is the UCC?

Bankruptcy 85

Bankruptcy Default Small Businesses Transactions 85

Credibly

JULY 25, 2024

This blog post explores the differences between business lines of credit and business loans—two popular choices with distinct purposes. Additionally, an LOC can be used to take advantage of business opportunities quickly, such as a limited-time discount on bulk inventory purchases.

Credit Unions 94

Credit Unions Small Businesses Default Credit Scoring 94

Fundera

APRIL 26, 2016

AccountingCoach.com uses this definition: “A chart of accounts is a listing of the names of the accounts that a company has identified and made available for recording transactions in its general ledger.”. You can enter transactions without a customer name, or a vendor name, but you always need accounts. Try out the default.

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Default Transactions Small Businesses 71

Your Virtual Credit Manager

OCTOBER 2, 2024

The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable insights. Learn More About Credit Reports Please share this newsletter with your small business customers. it just might help them collect faster and pay you sooner.

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Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

CreditStrong for Business

SEPTEMBER 6, 2024

Roughly 38% of failed startups cite burning through their capital as a primary reason for going out of business , and defaulting on a small business loan can be disastrous, especially if you sign a personal guarantee. That’s everything you need to know to choose from the many small business loans available.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Credit Unions 98