Fundera
OCTOBER 24, 2016
Every small business owner wants to cut down on costs and save money for their small business. Why spend your hard-earned cash when you don’t need to? But if you’ve ever sat down and tried to cross off items on your list of expenses, you know that cutting costs is easier said than done. Looking for tips on how you can cut costs for your small business?
Abrigo
OCTOBER 20, 2016
The wave of technological innovation that has swept the business world in the past several years has fundamentally altered how many industries do business. Perhaps no industry has been so disrupted by this wave of technological innovation as the banking industry. Technological innovation has enabled FinTech start-ups to compete in a field previously dominated by banks and credit unions.
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GoCardless
OCTOBER 23, 2016
SMEs discover innovative ways for lending and repaying money.
Credit & Management Systems, Inc.
OCTOBER 17, 2016
A portion of my career in the credit industry has been spent as a collector for a chocolate manufacturing company. I always appreciated the knowledge I gained under the tutelage of those who came before me. The ability to discern a coconut chocolate from a cream, a caramel from a nut has served me in the years since. Because our client base included a vast number of “mom & pops”, I soon learned how valuable the credit file was to my job.
Fundera
OCTOBER 18, 2016
Ever needed some advice or a little inspiration to keep driving your business forward? You’re not alone. At some point down the line, all small business owners find themselves in a quandary or rut that they need to get out of. Luckily, there are a lot of small business resources available to small business owners who need a little help along the way.
Fundera
OCTOBER 17, 2016
As an entrepreneur growing a small business, it’s hard to take a step back, turn off your devices, and just… Relax. . But finding time to put your work responsibilities on hold is crucial to your wellbeing —and your business’s. Need some tips on finding that work-life balance? Well, the best advice comes from people who are in the exact same boat as you are.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
OCTOBER 4, 2016
So… You want to be an entrepreneur. Maybe you love the idea of being your own boss and growing a successful business, but one roadblock is keeping you from moving forward: You’re having trouble coming up with an actual business idea to execute on. Some entrepreneurs are lucky enough to stumble across a million-dollar idea and start a business. But if this isn’t you—don’t panic.
Fundera
OCTOBER 26, 2016
Busy work: We know it when see it. It’s the stuff that feels like it’s supposed to be done a different way. It’s slow, it’s not fun, but it has to be done. In the age of technology, we sometimes become bogged down with more busy work than ever—transferring things over, adding clients to mailing lists, other menial administrative tasks. Our tools should work seamlessly together, not independently.
Fundera
OCTOBER 21, 2016
When you’re a small business owner , you’re always busy—and when you’re always busy, staying in shape is ridiculously hard. But it’s not impossible. These 9 fitness hacks will help even the busiest among us stay in shape. 1. Keep it simple. Let’s face it: Some fitness routines are easier than others. If you’re working 24/7, forget about driving to the gym, changing into your swimsuit, swimming laps, showering, drying off and getting dressed again.
Fundera
OCTOBER 7, 2016
No matter how experienced you are as a entrepreneur—whether you’re just opening your doors or have already started a few successful businesses—you can always benefit from advice from someone who has followed a similar journey. Maybe you need a little inspiration to rev up your engines, or you could use some advice on how to be a better manager and bring your business to new heights.
Fundera
OCTOBER 5, 2016
Technology has made it easier than ever to run a successful business all on your own. But for those small business owners hoping to grow their companies, at some point you’ll likely need to consider hiring your first employee. But how do you know when the time is right? Here are 4 questions to ask. 1. Are you busy enough to hire your first employee?
Fundera
OCTOBER 11, 2016
Let’s talk about small business services. Do you need them? Hold on—a “business service” is something only those mega-corporations and international chains use, right? No entrepreneur worth their salt, bootstrapping their way to fulfillment and success, would pay other people money for jobs that they could do… Right? Actually, no. You see, as a small business owner , you have one resource that’s more precious than all the rest combined: Time.
Fundera
OCTOBER 5, 2016
Here’s the thing about cleaning: Everybody can do it, but nobody wants to. That’s why a cleaning business can be a great success if properly run—the market for it is practically endless. “I really fell in love with the industry—I liked the idea that it’s not very sexy,” says Ron Holt, founder of Two Maids & A Mop , which went from a small operation in Pensacola, FL to a brand-name company that spans most of the southeast in 13 years.
Fundera
OCTOBER 4, 2016
Getting a business credit card for your startup could be the difference between success and failure in the long run. When you’re just starting out—with little to no business credit history and no business experience under your belt—it’s pretty hard to qualify for a small business loan. So in the early stages, it makes a lot of sense to get the ball rolling with a business credit card that can help cover your expenses and finance your growth.
Fundera
OCTOBER 19, 2016
Balance sheets? Cash flow forecasts? Business debt schedules? Debt service coverage ratios? Finding a loan? That stuff is easy …. At least, compared to small business health insurance. Figuring out small business health insurance is notoriously one of the most difficult, complicated, frustrating, and stressful parts of running your own business. Everyone needs it—but nobody understands it.
Fundera
OCTOBER 18, 2016
Choosing a business credit card for your company is an exciting moment. Yes, you’ll have to make a few less-than-thrilling decisions before you sign on the dotted line—like whether you want a business credit card or a business charge card, or whether you can stomach an annual fee. But here’s where the real excitement comes in: choosing the best business rewards credit card for your company.
Fundera
OCTOBER 14, 2016
So, you’re a small business owner in search of financing. But how can you be sure that the money you’re borrowing will cover everything you expect and last as long as it’s required? Forecasting your cash flow means that you create a realistic snapshot of your future pitfalls and advantages. With an accurate cash flow forecast , you can greatly increases the odds that you’ll easily and accurately allocate your newly acquired funds to your best advantage once they’re sitting in
Abrigo
OCTOBER 4, 2016
As the leadership teams at many banks and credit unions perfect plans to grow their loan portfolios, management can depend on several key metrics to measure the effectiveness of their plans and execution. As discussed in a previous blog post, Part 1, one such metric is the loan application conversion rate, which measures the efficiency of the lending funnel.
Fundera
OCTOBER 7, 2016
New business owners often fall into the trap of only considering their cash flow when their reserves are low. In the world of small business owners , however, “cash is king”, and it pays to think and act proactively. Often, when businesses struggle with their cash flow, getting paid isn’t the problem – it’s when. Uneven cash flow is a taxing experience for business owners, with a wide range of resulting consequences: delayed employee paychecks, missed bill payments, or stalled growth due to a l
Abrigo
OCTOBER 28, 2016
Vacations usually go more smoothly when you’ve made reservations and researched your destination. Buying a car is easier when you’ve done your homework on the vehicle model and made some initial inquiries to line up financing. It’s a fact of life that in many processes of our day-to-day personal and professional lives, a little planning can create a more pleasant and productive experience.
Abrigo
OCTOBER 26, 2016
Across personal and professional platforms, bankers have experience with managing passwords to online services. Yet given the confidential nature of data often stored in web-based lending, credit risk and portfolio risk solutions, bankers have to pay special attention to potential weaknesses in password management. This post aims to share general best practices that can be used to optimize security through password management and also to share how bank and credit unions that leverage Sageworks’
Abrigo
OCTOBER 12, 2016
In September, Sageworks hosted the 5th Annual Risk Management Summit at the AT&T Executive Education and Conference Center in Austin, Texas. The Summit was the largest Sageworks event to date and featured presentations from industry leaders, interactive roundtable discussions, panels and networking opportunities. During Banker Appreciation Night, a dinner event for bank and credit union executives, attendees were polled about their industry experiences over the past year.
Fundera
OCTOBER 12, 2016
Small business taxes… Does the thought of them just make you cringe? If you’re feeling overwhelmed by your small business taxes, we don’t blame you—there’s a lot that goes into preparing for Tax Day. And if this your first time filing your small business taxes, you probably have a lot of questions about how you go about it. If you don’t even know where to start , we’re here to help.
Abrigo
OCTOBER 21, 2016
Institutions are equipped to solve five common challenges when they provide staff with the necessary data through an integrated software solution: 1. Improving transparency into business development. At most institutions, lenders track outstanding opportunities and their sales activities in spreadsheets, calendars and notebooks, and without a centralized system, it’s challenging for management to measure progress or build predictable forecasts.
Fundera
OCTOBER 3, 2016
The Pumpkin Carvers from NewYorker on Vimeo. For Marc Evan and Chris Soria, pumpkin carving isn’t a casual autumn pastime—it’s a high stakes feat of creativity and skill. “You’re racing the clock. Once you cut into that pumpkin, the clock is ticking.”. Marc and Chris are the founders of Maniac Pumpkin Carvers , a small business that creates ornate custom-designed pumpkins.
Fundera
OCTOBER 26, 2016
If you know just a little bit about the small business lending industry, then you probably know that your local bank isn’t the only player in the game these days. That’s right—there’s a whole variety of alternative lenders that can now give you the funding your business needs to grow. In fact, there are so many different small business lenders out there that you might have written off bank loans all together.
Fundera
OCTOBER 19, 2016
There are few faster ways to tank a successful company than to forget that a good business is staffed by satisfied, energetic, and engaged employees. Happy workers are the lifeblood of businesses, and while employers can’t do everything to make employees stay, there are lots of things they can do to make them quit. Much of what employers do to make their employees unhappy enough to leave altogether stems from some basics of human interaction.
Fundera
OCTOBER 6, 2016
A little while ago, we wrote about why all small business owners should consider signing up for the Business Platinum Card from American Express. (Hint: It’s all those rewards earnings and travel perks you get by using it.). But if you weren’t sold on the original version of this business charge card , you will be now. Today, American Express launched a fantastic new offer on the Business Platinum Card.
Fundera
OCTOBER 11, 2016
So, small business owner, you want a business credit card … Great idea! Whether you’re using one to backup your business financing or just to have in your pocket for a rainy day, you’ll benefit from building your business credit and bringing in valuable rewards. If you know that you want a business credit card but don’t know how to apply for a business credit card, we’re here to help.
Fundera
OCTOBER 13, 2016
If you’re a small business owner looking for a line of credit to expand or improve your company’s operations, you might’ve seen part one of our series on working with Kabbage, an online lender known for their ease and speed. But now you might be wondering… How does the underwriting process for Kabbage work? Makes sense: When applying for a business loan or line of credit from a traditional institution like a big bank, there’s usually a step that involves fleshing out your business op
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