September, 2021

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How Loan Terms Affect Payments

Commercial Credit Group

When companies consider financing the purchase of a new or used piece of equipment, the monthly payment amount can be critical. In many cases, the target amount of the payment is determined based upon cash flow needs or what the business can afford.

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New Disclosures under CECL: What Banks & Credit Unions Need to Know

Abrigo

CECL disclosure requirements for 2023 filers and others New disclosures are required under CECL in some cases. Here’s how they’re changing for financial institutions. See below for key takeaways of this article. Stay updated on all things CECL. 1. New Disclosures Under CECL CECL disclosures play a central role in the new standard, but many financial institutions begin work on them too late in the process.

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How to find real estate investment deals that “pencil out” in 2021

StackSource

What is means for a real estate deal to "pencil out", and how to actually get a deal that pencils in 2021.

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The Future of Subscriptions. Don't get left behind

GoCardless

GoCardless for Chargebee

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The Number 1 Reason Your Commercial Invoices Are Not Getting Paid

JSP Credit Management

We could not think of a more enticing headline to a blog if we tried, so please forgive the clickbait, but this week’s blog is much more than that. It contains a discussion about something that we actually have very firm convictions about. And yes, unlike some of the clickbait you come across on the internet, we will be giving you our opinion on the single biggest reason that commercial invoices are not paid when they should be.

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Small Business Loan Approvals Up at Banksand Non-Bank Lenders

SMB Commercial Lending

The Biz2Credit Small Business Lending Index for August reveals banks and non-bank lenders approved more loans in August. This includes big and small banks as well as institutional and alternative lenders. Only credit unions didn’t see any change, staying the same for the past two months with a 20.5% loan approval rate. The percentage of loan approvals by non-bank lenders was up considerably in August.

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3 Traits of a Strong Loan Reviewer – Video

Abrigo

The DNA of an Effective Loan Reviewer Independent loan reviewers need certain competencies or traits. Consultant Ancin Cooley explains in this video. Would you like other content like this in your inbox? . Takeaway 1 A loan reviewer must have solid technical skills in order to do the job competently. . Takeaway 2 Curiosity is an important trait for loan reviewers to have to be effective. .

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No Dutch Interest!

StackSource

What it means to be charged "Dutch Interest" on a loan, and why you should avoid it as a borrower.

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G2’s CEO Consult: Building “Best of” Software Companies

GoCardless

GoCardless for Chargebee and G2

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Compliance: What It Means For Us And For You

JSP Credit Management

When JSP Credit Management was first incorporated, naturally a fair amount of preparatory work had already been done. Things such as building a website, getting our terms and conditions done, and building a business plan. The business plan was a struggle, to be honest, particularly the “marketing” section. “Marketing plan?”, we thought, “what on earth is one of them?”.

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The six most important elements for comprehensive credit risk management

Actico

Lending in banks offers numerous opportunities to digitize and fully or partially automate manual processes. In the blog article, we show which elements in the credit risk process are suitable for this.

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Owner-Occupied Commercial Properties – Can I Qualify for SBA 504 Rates Below 3.00%?

Commercial Lending

When the Cares Act was signed into law it included some permanent changes to the SBA 504 lending program. Historically the program could only be used for new debt and to refinance non-government guaranteed debt under some tight restrictions. However, the Cares Act greatly expanded what loans qualify to be refinanced by the SBA 504 loan program, providing a new mechanism for many borrowers who are currently at higher or variable rate interest rates to secure the long-term fixed interest rates o

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7 Highlights from the Latest FDIC Quarterly Banking Profile

Abrigo

Banking Trends from the FDIC's 2Q Report Net interest margin reached a new record low, but positive signs emerged in lending. You might also like this webinar: "The Basics of Consumer Lending." WATCH. Banking Data. Summary of the Latest FDIC Quarterly Profile. Takeaway 1 Nearly two-thirds of banks actually reported higher net interest income, but aggregate net interest income fell.

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Protect your Business from Hackers - US CISA top 3 mistakes to avoid.

SMB Commercial Lending

CISA warns of risky behaviours that leave networks exposed to cyberattacks - and should be addressed immediately if employed. Read the full article at ZD Net by clicking here [link].

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[Webinar] Mastering Payments: Scale your Payments like a Cloud Native

GoCardless

Hear from Chargebee, Cuckoo and GoCardless about 
how they’ve leveraged cloud-based payments to scale and grow 
their businesses.

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So what really is bad credit?

Regal Credit Management

What qualifies as bad credit? According to FICO , a score between 580 and 669 is fair, while a score between 300 and 579 is very poor. In this article, we’ll assume bad credit falls somewhere between 580 and 620, which is the lowest score you can have—while still getting approved for a mortgage. To show how much a person with bad credit has to shoulder in comparison to a person with excellent credit, we’ll compare the interest payments of Bad Credit Joe to Excellent Credit Jack across 3 categori

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Live loan quotes on LoopNet

StackSource

How to access and use live commercial mortgage rates to calculate potential investment returns of a LoopNet property sales listing.

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Part time finance director – could be just what you need

blue dot counseling

The ideal progression is for the part-time FD to make most of the job redundant by training other people to do it and ensuring that things which are fixed stay fixed. The post Part time finance director – could be just what you need appeared first on Blue Dot Consulting.

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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

September 11, 2001 will stay with Americans forever. This day was a pivotal point for all Americans, especially BSA officers and FinCrime professionals. Would you like other articles like this in your inbox? Takeaway 1 The terrorist attacks of September 11 were a pivotal point in the BSA, and the world. Takeaway 2 The USA PATRIOT Act was the first legislation that criminalized terrorist financing in the United States.

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Top 5 Benefits of Artificial Intelligence in Banking and Finance

Actico

Artificial intelligence (AI) in banks and finance is a hot topic. Learn more about the benefits and pitfalls of AI in finance and banking in our blog post.

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Millennials and Gen Z Will Lead the Switch From Traditional Banks to Peer-to-Peer and Social Media App Payments

GoCardless

Americans ditch traditional banks for peer-to-peer and social media payments

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How to Check Your Business Credit with a Business Credit Report from Command Credit

CommandCredit

A business credit report aggregates information about your business’s credit history from a variety of sources. Your business credit score impacts your business in several ways, such as applying for credit with suppliers and other businesses or applying for a loan. Monitoring your business credit report can also help you uncover any errors that may negatively impact your credit and monitor for potential business identity theft.

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Tips for Leveling Up Your Revenue Cycle

MediRevv

Having trouble keeping up with claims? A/R days quickly adding up? Overwhelmed by denials? There are solutions for these. W e know back-end functions of a business office are complex, so we 're here to share a few tips to make it more manageable.

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FinCEN AML/CTF Priorities Part 9: Cybercrime

Abrigo

Cybercrime threats continue to grow In the FinCEN priorities release , cybercrime is listed as one of the most significant AML/CFT threats posed to financial institutions. Would you like others articles like this in your inbox? Takeaway 1 Cybercrime is one of the most significant AML/CFT threats posed to financial institutions. Takeaway 2 Fraud prevention, AML, and IT must communicate regularly and cross-monitor for cybercrime threats.

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FinCEN AML/CTF Priorities Part 8: Drug Trafficking Organizations

Abrigo

Drug Trafficking Organizations (DTOs) are a key concern From drug cartels to street gangs, the illegal drug market has been a constant money-maker for DTOs. . Would you like others articles like this in your inbox? Takeaway 1 Identifying and reporting drug trafficking organizations (DTOs) are a staple of the Bank Secrecy Act. Takeaway 2 Criminals turn their illicit gains into usable tender, most commonly through trade-based money laundering (TBML).

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4 businesses investing in bank payments

GoCardless

Find out what 4 businesses have achieved by investing in bank payments

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5 businesses investing in cloud-based payments

GoCardless

Find out what 5 businesses have achieved by investing in cloud-based payments

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5 ways to optimise your payments strategy in the cloud

GoCardless

Find out how to harness the power of the cloud and optimise your payments

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4 reasons to buy-not-build your payments process

GoCardless

We look at why it pays to invest in payment software when you're trying to scale

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Scaling your payment infrastructure at pace

GoCardless

An efficient and adaptable payment infrastructure is crucial to business growth.

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