Tue.Nov 07, 2023

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Avoiding These 8 Collection Mistakes Will Pay Dividends

Your Virtual Credit Manager

There is often a very fine line between getting paid and getting paid much later or not at all. Frequently there is a small window of opportunity for getting paid sooner rather than later. Any number of factors can put your company on the wrong side of the equation: Your competition also wants to get paid. If their collection efforts are more aggressive than yours, the customer will tend to pay your competitor sooner, while you end up waiting for this mutual customer to accumulate additional fun

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Five Ways Conversation Beats Email

Credit Management Group UK

Within my career I have come across many people that have distinct apprehensions about having telephone conversations as part of their job, instead choosing to rely on email to communicate with business associates, customers and potential customers. The majority of the time I have been told this is because telephone conversation requires immediate response to any queries, and this is quite a daunting prospect to many people.

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How to Buy a Small Business and Where to Find Them

Lendio

There are many ways to become an entrepreneur. You can launch your own business from the ground up, you can partner with someone else, or you can even buy a small business outright. Buying a small business can create a unique stream of income and help you to launch your new career—you just need to know where to find them and how to invest. Buying a business, as opposed to starting something from scratch, can streamline your path to profitability.

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Spend Management Principles and Strategies for SMB's

Accounting Department

One of the most important aspects of running a successful business is managing the money that comes in and goes out. However, this can be especially tricky for small to medium-sized businesses, which often have fewer resources and smaller budgets to work with.

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Case Summary: WeWork Chapter 11

Reorg Blog

New York City-based flexible office space provider WeWork and numerous affiliates filed chapter 11 petitions.

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The Pros and Cons of Only Using One Bank for all Your Finances

Credit Absolute

In a bid to get the best financial services, you may find yourself considering the idea of trying several banks. However, you might want to consider a one-stop shop for all your banking services. It can prove to be a more convenient option especially if you choose a bank that caters to your specific financial […] The post The Pros and Cons of Only Using One Bank for all Your Finances appeared first on Credit Absolute.

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The Pros and Cons of Only Using One Bank for all Your Finances

Credit Absolute

In a bid to get the best financial services, you may find yourself considering the idea of trying several banks. However, you might want to consider a one-stop shop for all your banking services. It can prove to be a more convenient option especially if you choose a bank that caters to your specific financial […] The post The Pros and Cons of Only Using One Bank for all Your Finances appeared first on Credit Absolute.

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China Vanke in Talks with Banks Including ICBC, Bank of China, for Up to HKD 8B New Syndicated Loans, Proceeds to Help Repay Offshore Notes Due 2024

Reorg Blog

The post China Vanke in Talks with Banks Including ICBC, Bank of China, for Up to HKD 8B New Syndicated Loans, Proceeds to Help Repay Offshore Notes Due 2024 appeared first on Reorg.

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20 Steps For Financial Leaders To Improve On Cross-Team Communication

ForwardAI

Originally published on Forbes Breaking down silos and fostering cross-departmental relationships isn’t just a good idea; it’s a business imperative for financial leaders committed to driving growth and productivity. The key lies in nurturing a culture of better communication and collaboration and transforming financial insights into understandable, jargon-free dialogue that resonates across all departments.

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Covenants Analysis of Lumen Transaction Support Agreement

Reorg Blog

Reorg's Covenants Analysis of Lumen TSA Suggests All Existing Secured Debt Will Be Lien Subordinated or Stripped.

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Tips to Help Navigate the CRE Transaction Winter

StackSource

Director of Capital Markets Huber Bongolan and Director of Inbound Originations Chris Peters recently went live to share a comprehensive October recap and strategies for navigating the CRE transaction winter.

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EARNINGS CALL: DISH Chairman Ergen Sees ‘Narrow Path’ to ‘Achieve Financial Stability’; Merger ‘On Track’ to Close This Year; Incoming CEO Akhavan Expects EchoStar Performance to Improve from Q3, Hopes for the Same at DISH

Reorg Blog

The post EARNINGS CALL: DISH Chairman Ergen Sees ‘Narrow Path’ to ‘Achieve Financial Stability’; Merger ‘On Track’ to Close This Year; Incoming CEO Akhavan Expects EchoStar Performance to Improve from Q3, Hopes for the Same at DISH appeared first on Reorg.

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SBA 504 Refinance Program Enhancements

TMC Financing

The Small Business Administration (SBA) recently released a new SOP (Standard Operating Procedure), which includes eligibility changes that make the SBA 504 Refinance Program even more obtainable. The changes aim. The post SBA 504 Refinance Program Enhancements appeared first on TMC Financing.

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Earnings: American Axle

Reorg Blog

American Axle reported a 21% YoY decline in adjusted EBITDA to $157M in the third quarter.

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Forwardly Takes Center Stage by Winning Accounting Tech of the Year at the 2023 US Fintech Awards

ForwardAI

Originally posted on EINPresswire. Forwardly, an emerging leader in business payments, helps businesses achieve zero debt with its innovative instant and same-day automatic invoice collection. SACRAMENTO, CA, USA, November 3, 2023 / EINPresswire.com / — Forwardly, ForwardAI’s innovative payment platform continues its momentum in the fintech realm with back-to-back financial technology award wins.

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12 Things to Do to Become Mortgage-Free Sooner

Due

Getting rid of your mortgage is one of the biggest financial goals for many people. After all, once you are mortgage-free, you’ll be able to relax, be more financially flexible, and plan for retirement sooner. Although there is no one-size-fits-all solution for becoming mortgage-free faster, there are a few things you can do to speed up the process. 1.

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CASE SUMMARY: WeWork Seeks to ‘Drastically’ Reduce Funded Debt, Optimize Commercial Lease Portfolio Through Equitization Restructuring Under RSA With Secured Noteholders

Reorg Blog

The post CASE SUMMARY: WeWork Seeks to ‘Drastically’ Reduce Funded Debt, Optimize Commercial Lease Portfolio Through Equitization Restructuring Under RSA With Secured Noteholders appeared first on Reorg.

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Cycling and the credit risk of “lockdown” businesses

Cpcmcredit Blog

As some of you will know, im a pretty avid cycler and have been for over 15 years, well before the current “mamil” craze and of course the boom in cycling through lockdown. This lockdown boom is over, as illustrated in this piece in the Observer. A word of warning though. the article blames “Brexit” and government policy. Im far from an apologist for either but when you read the piece, desperate attempts to blame both simply are almost comical.

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China Vanke in Talks with Banks Including ICBC, Bank of China, for Up to HKD 8B New Syndicated Loans, Proceeds to Help Repay Offshore Notes Due 2024

Reorg Blog

The post China Vanke in Talks with Banks Including ICBC, Bank of China, for Up to HKD 8B New Syndicated Loans, Proceeds to Help Repay Offshore Notes Due 2024 appeared first on Reorg.

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Asia Transcript Roundup: Oct. 31 – Nov. 6

Reorg Blog

The post Asia Transcript Roundup: Oct. 31 – Nov. 6 appeared first on Reorg.

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Wanda Remains in Talks With Zhuhai Wanda’s Pre-IPO Investors, Proposes to Extend Investor Divestment Rights for 3 Yrs, Lengthening Earlier Proposed 2-Yr Extension

Reorg Blog

The post Wanda Remains in Talks With Zhuhai Wanda’s Pre-IPO Investors, Proposes to Extend Investor Divestment Rights for 3 Yrs, Lengthening Earlier Proposed 2-Yr Extension appeared first on Reorg.

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