January, 2021

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Top 5 Net 30 Vendors for Building Business Credit

Business Credit

Net 30 Vendors for Building Business Credit In today’s post we’re going to share with you our top five net 30 vendors for building business credit. Best of all, these five vendors will extend credit to your business without a personal credit check or personal guarantee. Whether your business is just getting started or if […]. The post Top 5 Net 30 Vendors for Building Business Credit appeared first on Business Credit.

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5 Reasons Your Financial Institution Should Attend ThinkBIG 2021

Abrigo

Why Attend ThinkBIG 2021? With so many conferences to choose from, what sets ThinkBIG apart? See everything ThinkBIG has to offer. learn more . Takeaway 1 ThinkBIG 2021 features in-person and virtual options to accommodate attendees. Takeaway 2 Attendees have the opportunity to receive continuing education credits. . Takeaway 3 Network with other bankers, auditors, regulators, and Abrigo experts.

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The Paradox of Human-Based Collections and How to Overcome It

Accenture Credit Management

Over the past decade, banks have focused on building lifelong relationships with their customers. With COVID-19, customers are experiencing one of the most stressful financial times in recent memory, through no fault of their own. This is a “make or break” moment for banks. How customers are treated right now will shape the customer relationship…. The post The Paradox of Human-Based Collections and How to Overcome It appeared first on Accenture Banking Blog.

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Things to Consider When Choosing an SBA Lending Partner

FNB Small Business

As a small business owner, there will come a time in the life cycle of your business where you will need additional financing. The process can seem intimidating, but it all starts with choosing the right lending partner. Too often, business owners focus on the money and don’t think about the lender they’ll be working with. The right lending partner can make all the difference in what can be an arduous process.

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Measure business performance and make more money

blue dot counseling

Whether you're scoring a Test Match or running a business gathering and recording data accurately and completely is the foundation for useful information. The post Measure business performance and make more money appeared first on Blue Dot Consulting.

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By any other name

StackSource

A guide to the various titles and nuances of professionals who arrange commercial financing for a fee.

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Updated PPP 3508S, EZ Forms, Guidance; New 3508S Not Quite ‘Blanket Forgiveness’

Abrigo

Key Takeaways The SBA has rolled out updated PPP loan forgiveness applications and guidance to incorporate changes from the Economic Aid Act. The updated 3508S form covers loans of $150,000 or less, but borrowers still have to comply with all terms of the Paycheck Protection Program, including limiting reductions in employee headcounts and wages. Lenders also got new requirements related to notifying borrowers and uploading those notifications to the SBA platform.

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The GoCardless guide to: Optimising your payment mix with customer campaigns

GoCardless

How a well-targeted customer campaign can help customers switch to bank debit.

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SBA 7(a) V. SBA 504 – What’s the Difference?

FNB Small Business

The SBA lending program is a wonderful way to get financing fast with competitive terms and unique benefits. One advantage of the program is that it is not a one-size-fits-all solution. There are multiple loan options within the program to choose from. The key is determining which option fits your business needs the best. By understanding your options, you can choose a loan that addresses immediate needs as well as future growth.

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Stopping PPP Fraud

Abrigo

How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? Would you like others articles like this in your inbox? Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. .

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SBA Uses Do Not Pay List to Thwart Further PPP Fraud

Abrigo

High-risk transactions identified To combat PPP fraud, the SBA Office of Inspector General (OIG) has collaborated with the U.S. Department of the Treasury Do Not Pay (DNP) Business Center. . Would you like other articles like this in your inbox? Takeaway 1 A new stimulus package has authorized another round of Paycheck Protection Program loans. Takeaway 2 To thwart PPP fraud, the SBA has collaborated with the U.S.

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CDFIs Kick Off PPP Loan Submissions

Abrigo

Plus what waiting lenders can do The latest round of the Paycheck Protection Program began with a head start for institutions aiding low-income areas. You might also like this whitepaper: "Beyond PPP: How Savvy Financial Institutions Can Propel Growth and Profitability with Technology" DOWNLOAD/WATCH. Takeaway 1 The Paycheck Protection Program's (PPP) latest round of funding opened up to CDFIs, MDIs, etc.

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PPP Lender Guidance Details How Borrowers Apply for a Second PPP Loan

Abrigo

Who can apply for PPP second-draw loans and other info SBA lender guidance outlines second-draw PPP eligibility and requirement to show 25% reduction in gross receipts. You might also like this infographic on PPP second-draw loan eligibility. DOWNLOAD. Takeaway 1 Many types of small businesses may be eligible for a second-draw PPP loan under the SBA guidance issued. .

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Rejection sucks. But not having a backup is worse.

StackSource

Relationships with lenders are a wonderful thing. But don't put all your eggs in one basket.

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Three lenders all say they can lend 75%. They all mean different things.

StackSource

“We can go up to 75% leverage”. But that might not mean LTV. Here's how to know.

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The GoCardless guide to: Optimising your payment mix with custom payment pages

GoCardless

7 steps to improving conversion rates and overall customer experience.

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Payments + cloud accounting: 4 reasons smart businesses connect them

GoCardless

Don't let running your business be harder than it needs to be.

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Leverage additional dealflow to get the best loan

StackSource

How to negotiate with lenders, part two

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What is Substance Over Form in Accounting?

GoCardless

Find out everything you need to know about substance over form in accounting

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What is a joint venture?

GoCardless

Discover what to look for in a joint venture agreement to benefit your business

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What is apportionment?

GoCardless

Find out what apportionment is and why it can be useful with this handy article.

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How To Calculate The Cost Of Goods Sold

GoCardless

Find out how the cost of goods sold makes a big difference to your bottom line

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Amortisation: What it Means & How it’s Calculated

GoCardless

We explain the meaning of amortisation, how it’s calculated and why it matters

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Market segmentation: types, definition, and examples

GoCardless

Communicate more effectively with your target audience via market segmentation

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Market Penetration Strategy: A Guide for Businesses

GoCardless

Make a big impression on your target market with a market penetration strategy

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What is a loan covenant?

GoCardless

Get the inside track on loan covenants with our handy loan covenant definition

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What is IR35 and who does it apply to?

GoCardless

Are you up to date with the latest IR35 tax rules? Find out who they apply to.

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How to calculate your Sell-Through Rate

GoCardless

The importance of sell-through rate for retailers, and how to calculate yours.

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What is the theory of constraints and how can it help my business?

GoCardless

Does the theory of constraints enable managers to push for greater efficiency

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How to implement an effective performance management system

GoCardless

Motivate your team to meet goals with a strong performance management system

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