Fri.Aug 30, 2024

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FHLB reform: Implications for financial institutions

Abrigo

Prepare now for potential changes to FHLBs Capital rules and membership criteria are among the areas where banks could see changes in how the Federal Home Loan Bank system operates. You might also like these popular resources on interest rate risk, liquidity, and CECL. See resources Takeaway 1 The FHLB system faces potential changes in its structure, operations, and mission that could affect financial institutions.

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Steps to Rebuild Your Business Credit Score

Enterprise Recovery

A business credit score is crucial for your company's financial health and reputation. It reflects your ability to manage credit responsibly and can impact your ability to secure financing, negotiate favorable terms with suppliers, and attract potential business partners. A strong business credit score demonstrates your reliability as a borrower and opens up opportunities for growth and expansion.

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Wheel Pros Prepares for Potential Bankruptcy Filing as Soon as Next Week

Reorg Blog

Wheel Pros is preparing for a potential chapter 11 filing as soon as next week after the wheelmaker and distributor missed an interest payment last month.

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Small Business Loan Statistics and Trends

Lendio

Business loans are crucial for helping small businesses thrive by providing the necessary capital to cover startup costs, invest in inventory, or upgrade equipment. For many small business owners, these loans are not just a means to an end; they are a lifeline that enables them to seize growth opportunities and navigate the challenges that come their way.

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Slow payments kill a company

blue dot counseling

All good until it came to getting paid. It turned out that the retailer was happy to pay our client's invoices somewhere between 90 and 120 days after presentation. The post Slow payments kill a company appeared first on Blue Dot Consulting.

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California Medicare fraud doctor sentenced

Due

A California man has been sentenced for his part in a Medicare and healthcare fraud scheme. John Thropay, M.D., 75, was sentenced today to 37 months in prison for his role in a $2.8 million fraud scheme. The Department of Health and Human Services Office of Inspector General (HHS-OIG) and the FBI investigated the case. California man sentenced for Medicare fraud Thropay was initially convicted in February of this year (2024) by a federal jury for one count of conspiracy to commit healthcare frau

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The 12 Best Books on Annuities

Due

Often cloaked in jargon and misconceptions, annuities are a complex financial instrument with fees, surrender charges, and other complexities. Therefore, if you’re considering adding annuities to your retirement portfolio , you should arm yourself with knowledge. In order to make it easier for you to navigate the annuity topic, we compiled a list of the 12 best annuity books.

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Is It Illegal to Use a Business Credit Card for Personal Use?

CreditStrong for Business

As a business owner, finding the right credit card is an important step in building your business and getting perks and rewards along the way. While you can technically use a personal credit card, it’s best to get a business credit card that can offer a higher credit limit, report your payments to the commercial credit bureaus, and give you features that are better tailored to your company’s needs.

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Do you remember when we had to do a daily cashflow forecast?

blue dot counseling

We could see what the cashflow would look like if the money came in late - the day when the overdraft limit would be exceeded and by how much. The post Do you remember when we had to do a daily cashflow forecast? appeared first on Blue Dot Consulting.

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4 Business Credit Cards That Report to D&B

CreditStrong for Business

We researched and found four business credit cards that might help you establish credit with Dun & Bradstreet (D&B). Capital One, Chase, Citi, and Discover report payments and all account activity to D&B for business credit cardholders. American Express business credit cards might appear on your D&B business credit report too, but only if your account becomes delinquent.

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Accurate record keeping: the secret to accounts receivable success

Chaser

Accurate recording keeping is a vital aspect of any businesses and nowhere is this more true that in your accounts receivable (AR) department. The beating heart of your finances, effective management of your accounts receivable is crucial to maintaining cash flow.

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The Best Low-Risk Industries for Business Credit

CreditStrong for Business

Did you know that the industry code your business falls under could affect your chances of getting business financing? Certain NAICS codes carry a level of risk that tells potential lenders a lot about your business. In this article, we’ll go over what constitutes a low-risk and high-risk industry and why it matters to your lender. What Are Some Low-Risk NAICS Codes?

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Why Financial Reporting Standards Are Key for Your Small Business

biz2credit

Disclaimer: Information in the Business Financing Blog is provided for general information only, does not constitute financial advice, and does not necessarily describe Biz2Credit commercial financing products. In fact, information in the Business Financing Blog often covers financial products that Biz2Credit does not currently offer. Business isn’t always very formal.

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How to Repair Business Credit

CreditStrong for Business

Good credit is essential for obtaining the financing many businesses need to grow their operations. If your business credit has suffered some setbacks, you’ll need to rebuild it before applying for new loans or credit cards. Repairing bad credit works a little differently from establishing it the first time. Here’s what you need to do. Step 1: Get Access to Your Credit Scores and Reports The first step in every credit repair journey is to get an accurate picture of your current credit situation.

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How alternative financing simplifies business financing

Credibly

Table of Contents What is alternative financing? How does it support small businesses? Types of alternative financing? How businesses have excelled with financing from Credibly The internet revolutionized how we do business, including financing. Traditional lenders like banks and credit unions are no longer the only options for small-business owners.