Fri.Sep 06, 2024

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ConServe Upholds Better Business Bureau A+ Accreditation

RMAi Blog

A Decade of Embracing the Highest Business Practice Standards Rochester, N.Y., September 6, 2024 – Continental Service Group, LLC, operating under the name ConServe, proudly upholds its national A+ Accreditation Standard from the Better Business Bureau (BBB) for more than 10 years. ConServe is dedicated to ethical practices and integrity in accounts receivable management.

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Business Loan Requirements: What Lenders Want to See

CreditStrong for Business

A business loan can provide your company with financial solutions for many different situations. Yet before you can take advantage of thisl, you’ll need to figure out how to qualify for a business loan. Each lender has its own criteria when it comes to approving loan applicants. Below, you’ll find nine common business loan requirements that your company might need to satisfy to qualify for this versatile type of financing.

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Startup Cash Flow Management Tips for Early Success

Enterprise Recovery

Cash flow basics are important for startup leaders to ensure financial stability and growth. Positive cash flow indicates more money is coming into the business than going out, while negative cash flow suggests the opposite. Leadership should regularly monitor cash flow statements to identify trends, potential shortfalls, and opportunities for improvement.

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How to Get a Startup Business Loan

CreditStrong for Business

Startups often need funding to get up and running or gain additional traction. Generally, the best way to do that without giving up ownership of your company is to get a startup business loan. However, qualifying for a business loan can be challenging, especially for new startups without significant revenues or business credit history. Here’s a step-by-step guide to help you navigate the process, plus some alternative financing options you may want to consider.

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FinCEN issues rules impacting real estate and investment advisory compliance

Abrigo

FinCEN's 2024 real estate and investment advisory rules FinCEN is tightening the reins on residential real estate money laundering and investor advisers. Here is what you need to know. You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." REGISTER Takeaway 1 Real estate money laundering is a serious issue , with a n estimated $2.3 billion laundered between 2015 and 2020 through the U.S. real estate market alone.

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Chaser finalist for Best Use of Technology in Credit & Collections

Chaser

Delighted to share that Chaser has been shortlisted for the Best Use of Technology in Credit & Collections award at the 2024 Credit & Collections Technology Awards.

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Massachusetts medical device manufacturer pays $700,000 to resolve False Claims Act allegations

Due

A Massachusetts medical device manufacturer has agreed to pay the authorities $700,000 to resolve allegations that the company knowingly breached the False Claims Act (FCA). The company in question is THD America Inc., which is run by parent company THD SpA of Italy (collectively, THD). THD is footing the bill for the FCA breach caused by physicians knowingly submitting incorrect costing codes and billing to Medicare and State Medicaid for a specific medical procedure.

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Red Lobster Chapter 11 Plan Confirmed

Reorg Blog

Judge Grace E. Robson confirmed the Red Lobster debtors’ amended chapter 11 plan at an uncontested hearing.

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Business Credit Cards vs. Personal Credit Cards: What’s the Difference?

CreditStrong for Business

If you’re looking for a new credit card for your small business, you technically don’t have to get a business credit card, especially if you just want to separate your personal and business expenses. But the benefits that come with small business credit cards should make any business owner reconsider using a personal card to help run their business.

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Cash Flow Forecasting: A Comprehensive How-To Guide for Businesses

TreviPay

IIn the dynamic world of business finance, cash flow forecasting is a cornerstone of effective financial management. This process predicts future cash flow, showing how much money will come in and go out. This helps businesses understand their finances and the challenges they might face. Cash flow forecasts are important for businesses. They help navigate market changes, economic uncertainties, and growth opportunities.

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How to Get a Business Loan With Bad Credit

CreditStrong for Business

Personal and business credit scores both impact your ability to qualify for a business loan. It can be hard to get the financing you want if either one is low, but you can still do it with the right strategy. Here’s everything you need to know about how to get a business loan with bad credit, including a step-by-step guide to the process and the best types of financing to target.

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Red Lobster Plan Confirmed; Reorganized Company Under Lenders’ Control Will Have 545 Go-Forward Restaurants

Reorg Blog

Relevant Document: Amended Plan (and Blackline) Judge Grace E. Robson confirmed the Red Lobster debtors’ amended chapter 11 plan at an uncontested hearing today. The debtors resolved all objections to the plan ahead of today’s hearing.

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Business Loan vs. Personal Loan: Which Should You Choose?

CreditStrong for Business

Business and personal loans both provide you with a lump sum that you repay in monthly installments. However, while there’s some significant overlap in their functionalities, they’re not interchangeable. If you’re looking to borrow, here’s everything you need to know about business loans versus personal loans in order to determine which makes the most sense in your situation.

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When to Consider Refinancing Your Business Loan

biz2credit

Many small businesses take out a business loan to get off the ground or help spur growth. It’s very common for businesses to have some debt, but you don’t have to live with the same loan terms or interest rates forever. The post When to Consider Refinancing Your Business Loan published first on.