December, 2021

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Turnkey Startup Office Solution – Builds Business Credit

Business Credit

Startup Office Solution Finding the right turnkey office solution for your startup can be a serious challenge. With traditional office space, not only do you need to find the right location and space, but you also have the hefty costs to consider. In today post, you’ll learn about a turnkey office solution that has all […]. The post Turnkey Startup Office Solution – Builds Business Credit appeared first on Business Credit.

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FinCEN announces $8 Million BSA Enforcement Action: The Resurrection of AML Penalties

Abrigo

AML Penalties Are Back and Stronger Than Ever FinCEN is enforcing actions for BSA violations and failure to maintain effective AML programs. Would you like other articles like this in your inbox? Takeaway 1 Reprieve is over, FinCEN is announcing penalties and enforcing action for BSA violations. . Takeaway 2 A strong AML program is critical in guarding against money laundering and terrorist financing risks.

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Here Are the 5 Best American Express Business Credit Cards

Beyond Capital Blog

How do you find the best American Express business credit card when there are so many options? No problem. We’ve whittled the list down to 5. The post Here Are the 5 Best American Express Business Credit Cards appeared first on Fast Capital 360.

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Commentary: The impact of inflation on the lending business

Collenda

Commentary: The impact of inflation on the lending business. The founding of the United States of America is closely associated with the phrase “no taxation without representation” Nowadays, on the other hand, Milton Friedman’s phrase “inflation is taxation without representation” applies more and more. Inflation is, so to speak, an unofficial tax increase.

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7 Tips for Building a Great Business Credit Score

The Business Backer

We’ve explained why your business credit score matters — it can help you secure financing, receive better insurance rates, and negotiate the terms. The post 7 Tips for Building a Great Business Credit Score appeared first on The Business Backer.

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How to Build Your Business Expansion Plan

Headway Capital

Business expansion doesn’t occur overnight. It takes careful planning to ensure that you have all the right tools to build. The post How to Build Your Business Expansion Plan appeared first on Headway Capital Blog.

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How to Establish Quality Fintech Partnerships

Abrigo

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Learn top best practices for leading a successful software implementation. DOWNLOAD WHITEPAPER . Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. .

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The Best Place to Save Money: 12 Ideas for Entrepreneurs

Beyond Capital Blog

What’s the best place to save money you earn from your small business? Here’s our guide to 12 of your best options. The post The Best Place to Save Money: 12 Ideas for Entrepreneurs appeared first on Fast Capital 360.

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Our partners: Progress

Collenda

Our partners: Progress – database provider for Credit Navigator. Partner companies are of outstanding importance for a software company like Collenda. One of these partners is Progress. Collenda has been working with this technology provider for many years, and our Credit Navigator customers trust in its secure and low-maintenance application development and deployment platform.

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Managing A "Pay When Paid" Policy

JSP Credit Management

One of the numerous benefits of working across different industries in the debt collection industry is that you get to see the wide variety of different payment arrangements that are adopted by different companies, and sometimes entire sectors too. We imagine that those differences are more or less suitable to the supplies that are involved with them and this blog is going to be looking at one of those in particular: the pay when paid policy.

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U.S. SBA Supporting Small Businesses Survive COVID-19

SMB Commercial Lending

The SBA delivered a record number of its traditional loans to our nation’s small businesses while also scaling up to meet the immense demand for COVID-related economic relief. This year, SBA has overseen the distribution of nearly $416.3 billion in emergency relief aid to more than 6 million impacted small businesses through the Paycheck Protection Program ($280 billion), Restaurant Revitalization Fund ($28.6 billion), Shuttered Venue Operators Grant ($13.4 billion), COVID Economic Injury Disast

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1-4 Unit Rental Portfolio Loans

StackSource

What you need to know about financing a portfolio of rental properties ranging between single family rentals to quadruplexes.

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Staffing Assessments: Why Financial Institutions Should Prepare for 2022 Staffing Needs Now

Abrigo

Prepare for Future Staffing Needs Now As we transition to 2022, now is the perfect time to analyze current staffing levels at your financial institution. . Would you like other articles like this in your inbox? Takeaway 1 Strengthen your financial institution's culture of compliance through a staffing assessment. Takeaway 2 Now is the time to analyze staffing levels and the risk of losing valuable members of your team. .

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How Do ACH Loans Work for Small Businesses (and What Are the Benefits)?

Beyond Capital Blog

An ACH loan can help you obtain fast funding for your business without the strict requirements of a bank loan. Find out more, including the pros and cons. The post How Do ACH Loans Work for Small Businesses (and What Are the Benefits)? appeared first on Fast Capital 360.

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This is what logistics companies should look out for when choosing their receivables management software

Collenda

This is what logistics companies should look out for when choosing their receivables management software. The choice of software for receivables management is difficult and is based on many criteria such as company size, orientation or industry. In the transport and logistics industry, liquidity plays a major role due to the high level of fixed assets.

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On-demand: GoCardless and TechZero Roundtable

GoCardless

Hear SMEs share their climate action journey, including learnings and challenges

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Need To Know Series – Episode 1: CCCFA Changing Responsibilities 29 November 2021

Credisense

The post Need To Know Series – Episode 1: CCCFA Changing Responsibilities 29 November 2021 appeared first on Credisense.

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FFIEC BSA Exam Manual Updates: How Do They Affect Your Anti-Money Laundering (AML) Program?

Abrigo

New updates to the FFIEC BSA Exam Manual The December 2022 release is the latest since revisions began in 2020 as the council attempts to clarify and achieve transparency. Would you like other articles like this in your inbox? Takeaway 1 The December 2021 update affects four sections of the existing FFIEC BSA exam manual. Takeaway 2 AML programs should be reviewed to ensure all current regulatory expectations are addressed.

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3 Common Loan Review Weaknesses

Abrigo

Avoiding common loan review obstacles Three common weaknesses within the loan review process can prevent a loan review department from being fully effective. Learn how to strengthen your loan review process. Download Whitepaper . Takeaway 1 Financial institutions often lack independent assessments to evaluate processes and procedures. Takeaway 2 A key issue for FIs is a lack of documentation and supported data to make informed decisions.

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Best Practices for a Successful BSA/AML Board Training

Abrigo

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Would you like other articles like this in your inbox? Takeaway 1 The board needs to see the BSA program from a higher level to understand the enterprise-wide risk to the institution. Takeaway 2 An in-person or video conference can help FIs facilitate deeper discussions and answer questions as needed.

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How is Your Institution’s Loan Review Function Organized?

Abrigo

How do other FIs organize their loan review function? Regardless of how the loan review function is organized, it’s paramount that the loan review function is independent. You might also like this whitepaper, Effective Loan Review. DOWNLOAD Now. Takeaway 1 An FI’s loan review function can be organized internally, externally, or through a hybrid approach.

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How to Conduct an Exam-Proof BSA/AML Risk Assessment

Abrigo

Best practices for your BSA/AML risk assessment Learn top tips for creating a risk assessment to capture your institution's risk. . Would you like other articles like this in your inbox? Takeaway 1 Documentation is one of the most critical aspects of performing a risk assessment. Takeaway 2 Inherent risk and residual risk should be evaluated before mitigating factors are considered.

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OTP Bots Are a Growing Threat: What Financial Institutions Need to Know

Abrigo

OTP bots are the latest fincrime trend. Financial institutions must know how to combat the threat of OTP bots and educate their customers. Learn more about detecting and containing cyber threats at your financial institution. READ MORE. Takeaway 1 OTP bots are designed to socially engineer a victim into divulging sensitive information associated with online accounts.

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Budget Surplus? 5 Ways to Invest in Your Financial Institution with This Year’s Excess Budget

Abrigo

Spend Leftover Budget Wisely for Growth Financial institutions with surplus budget funds can invest in growth for next year by spending wisely now. Learn how a core deposit analysis helped improve this institution's forecasts. Read more. Takeaway 1 Some financial institutions have a budget surplus this time of year, and these funds can be spent now to help growth in 2022.

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3 Keys to Effective Loan Review

Abrigo

How to make loan review more effective When it comes to loan review, there are three key areas to help ensure a more effective process. Would you like other articles like this in your inbox? Takeaway 1 The organizational structure of the loan review process must reflect independence and objectivity. Takeaway 2 It's imperative that FI senior management demonstrate commitment to a robust loan review program. .

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How Do Business Credit Cards Affect Personal Credit? Here’s What to Know

Beyond Capital Blog

Business credit cards may affect your personal credit in several ways. Learn how the two can interact and how to protect your credit. The post How Do Business Credit Cards Affect Personal Credit? Here’s What to Know appeared first on Fast Capital 360.

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Debt vs. Equity Financing: Which One Benefits Your Business the Most?

Beyond Capital Blog

With debt vs. equity financing, each has its pros and cons. But what option is best? From loans to investors, here's how to find money for your business. The post Debt vs. Equity Financing: Which One Benefits Your Business the Most? appeared first on Fast Capital 360.

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The Best Software for Working Remotely Effectively

Beyond Capital Blog

Is your staff struggling to stay productive while working from home? Here are 10 of the best remote work software platforms. The post The Best Software for Working Remotely Effectively appeared first on Fast Capital 360.

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10 Reasons Why My Website Is Losing Traffic (and How to Fix It)

Beyond Capital Blog

It's frustrating to experience a sudden search engine optimization (SEO) ranking drop. Don't panic: These are the top 10 reasons for it and how you can fix it right now. The post 10 Reasons Why My Website Is Losing Traffic (and How to Fix It) appeared first on Fast Capital 360.

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SBA Loans for Veterans

Beyond Capital Blog

If you are a veteran or a military spouse who intends to start or expand a business, this guide will help you find SBA loans for veterans. The post SBA Loans for Veterans appeared first on Fast Capital 360.

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