August, 2021

article thumbnail

Section 179 & Bonus Depreciation - Saving w/ Business Tax Deductions

Commercial Credit Group

Over the years many companies have saved on their taxes by taking advantage of Section 179 and Section 168(k) of the IRS Tax Code. Herein we’ve provided some information about the opportunity for tax savings, the changes, and things to consider in order to take advantage of the tax benefits.

article thumbnail

Independent Loan Review: 3 Advantages for Financial Institutions – Video

Abrigo

Gain an Edge with Loan Review Function Independent loan review helps financial institutions achieve growth goals and win over competitors, Consultant Ancin Cooley explains in this video. You might also like this webinar: "Create & Maintain a Successful Loan Review Function" WATCH . Takeaway 1 Independent loan review might be seen as an irritation or annoyance, but it is vital for financial institutions' growth.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Non-bank Lenders Lead the Way Providing Capital for Small Business

SMB Commercial Lending

Now that the PPP is over, small business owners still face challenges, including rising costs of fuel and wages, along with a tight labor market. Continued access to capital will be vital in supporting the entrepreneurial rebound. , According to Forbes, Non-bank lenders have seen a steady increase in their loan approvals; credit unions edged up from a 20.4% approval rate in May, to 20.5% in June 2021.

article thumbnail

Equity Multiple

StackSource

Why real estate investing’s simplest overall financial return metric is still useful

52
article thumbnail

After a series of Data Breaches among big corporations, you know more than ever that Your Mobile Phone Could Expose Your Crypto Assets to Cybercrime

Regal Credit Management

Nowadays, our mobile phones are never further than an arm’s reach away. And they contain volumes of personal and financial information that, in the wrong hands, could compromise your safety and security. If you’ve invested in cryptocurrency, you’re at risk of becoming the target of cybercrime — and what’s more, cybercriminals can take over your fortune for as little as $12!

article thumbnail

Behind the scenes: interning at GoCardless

GoCardless

How interning at GoCardless changed Tanya's opinion on inclusive workplaces

52

More Trending

article thumbnail

Navigating Consumer Lending Challenges for Profitability

Abrigo

Takeaway 1 Many tasks consumers once did in person have been transformed by digitalization – including retail banking. Takeaway 2 A consumer loan origination system can help FIs offer a fully digital retail lending experience. Takeaway 3 Enhancing the customer experience means delivering on customer expectations with digital offerings. How can FIs overcome retail lending challenges?

article thumbnail

SBA Accepts More Than 340K Submissions

SMB Commercial Lending

In Less Than Two Weeks, Paycheck Protection Program Direct Borrower Forgiveness Portal Surpasses Expectations, Accepts More Than 340K Submissions. SBA portal significantly outpacing top PPP lenders not utilizing the Agency’s direct forgiveness tool in forgiveness submissions. August 23, 2021 - WASHINGTON – Since the opening of the Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal on August 4, the U.S.

article thumbnail

What is Loan Amortization, Really?

StackSource

- An amortized loan is a type of loan with scheduled, periodic payments that are applied to both the loan’s principal amount and the interest accrued. - As you continue to make monthly payments, the portion of your fixed payment that goes to interest is less and less and the portion that goes to reducing your loan principal is more and more. - There are two key differences between Residential and Commercial Real Estate (CRE) loan amortization schedules.

52
article thumbnail

Scared of being targeted for cyber attacks? Here’s How To Protect Yourself From Cybercrime and Identity Theft.

Regal Credit Management

As difficult as cybercrime is to prosecute, you can take steps to protect yourself. Here are 3 HELPFUL WAYS to prevent cybercriminals from compromising your sensitive information: Place a security freeze on your credit file. This will prevent identity thieves from opening accounts under your name. Note : You can freeze your file at the three U.S. credit bureaus—Experian, TransUnion, and Equifax—for free, but you must call each one individually.

article thumbnail

GoCardless and Piano Partner to Help Publishers and Brands Drive Recurring Revenue

GoCardless

Leading Fintech for Account-to-Account Payments Integrates With Analytics and Activation Platform to Prevent Card Failures, Reduce Customer Churn and Grow Subscriber Count

52
article thumbnail

What Are the Benefits of an SBA Loan?

FNB Small Business

An SBA loan is a great financing option for business owners who are expanding, acquiring, or in need of working capital. Backed by the Small Business Administration, SBA loans offer a unique opportunity to business owners even if they qualify for traditional small business loans. Read More.

article thumbnail

FinCEN AML/CTF Priorities Part 6: Transnational Organized Crime (TOC)

Abrigo

Transnational Organized Crime Reaches Far and Is Growing One of FinCEN's first priorities for AML/CFT policy is to combat transnational organized crime (TOC). Would you like others articles like this in your inbox? Takeaway 1 Transnational organized crime includes phishing, trafficking, illicit firearm sales, and more. . Takeaway 2 The U.S. in 2001 began outlining strategies to combat transnational organized crime.

78
article thumbnail

Infrastructure bill pulls $31 billion from Covid disaster loan program

SMB Commercial Lending

A $1 trillion Senate infrastructure bill unveiled Sunday would pull $31 billion in unobligated funds from the Economic Injury Disaster Loan program. The loans were one of the policy levers Congress used to help ailing businesses during the Covid pandemic. It initially suffered some setbacks such as delays and reduced funding amounts amid high demand.

52
article thumbnail

How BaFin has updated its Application Guidance (AUA) in relation to the German Money Laundering Act

Actico

BaFin´s interpretation and application guidance in relation to the German Money Laundering Act provides specific information on how to implement the regulations.Credit institutions now have better guidance on these issues to help them manage their compliance processes and prevent money laundering (AML). Find out how the monitoring system called ACTICO Compliance Suite can help.banks and financial service providers.

52
article thumbnail

THE COMPLEXITY OF PROTECTING ONESELF FROM CYBERCRIME

Regal Credit Management

Cybercriminals can be anywhere, targeting anyone, which makes them incredibly difficult to hunt down. The sheer quantity of people committing these crimes, as well as the extensive resources needed to prosecute them, paves the way for easy repeat offenses. In 2018, the FBI’s Internet Crime Complaint Center (IC3) received 351,936 complaints — but only launched a minuscule 18 investigations.

article thumbnail

Open banking in the UK vs Australia

GoCardless

Understand the key differences between open banking in the UK and Australia

52
article thumbnail

Where Have All The Community Banks Gone?

Commercial Lending

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link]. Brad Hettich on Real Estate Revealed, Sunday, August 1, 2021. . Transcript of Real Estate Revealed Show on AM560 from Sunday, August 1st, 2021. . Welcome to August everyone. . . As you stated, my topic for today is: “Where have all of the Community Banks gone?”. . If you are a small business owner trying to find a community banking relationship, this is probably a question you are asking yourself. . .

article thumbnail

Independent Loan Review & Credit Risk Review System Objectives

Abrigo

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Would you like other articles on loan review in your inbox? Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. Takeaway 2 However, a loan review or credit risk review program should accomplish several key objectives.

article thumbnail

Biden’s new SBA head on Covid loans and financial relief businesses can still get

SMB Commercial Lending

SBA Financial Relief. President Biden’s SBA Administrator Isabelle Guzman says it was a “huge scale” change for the federal small business agency to handle $1 trillion in Covid-19 loans, grants and other forms of financial relief. While the PPP program and Shuttered Venues Operator Grant program were criticized, the SBA leader says she is forcing SBA staff to think more like entrepreneurs and tech start-ups and solve that scale problem so the agency makes equitable, efficient funding decisions t

article thumbnail

Product: CMPro CPWeb

Serrala

Product: CMPro CPWeb EN soufyan.elidri… Fri, 03/22/2024 - 15:55 Secure, automated, and centralized payment processing with Cash Management Pro and CPWeb Cash Management Pro and CPWeb col-md-4 Home Automate your payment transactions with one of the leading solutions in the DACH region Our powerful, scalable solution for your sensitive payment processes More than 30,000 users rely on Cash Management Pro or CPWeb for payment processing, securely, efficiently, and effectively.

article thumbnail

You May Be More Vulnerable to Cybercrime and Cyber Attacks Than You Think

Regal Credit Management

Hacker Image by AKE. The U.S. is a prime target for cybercrime, and this is largely due to an ID tag that nearly every American possesses: our social security numbers. Social security numbers (SSNs) form the basis for identification in the U.S. They’re used for a range of things, but few Americans realize how easy they are to piece together. Only the last four digits are actually randomized; the first five are determined by when and where you were born.

article thumbnail

What are Account-to-Account payments?

GoCardless

Learn everything you need to know about account-to-account payments

52
article thumbnail

How to Handle Your Legacy A/R for System Conversions

MediRevv

A checklist to avoid shortfalls with y our l egacy A/R before you start your system conversion.

40
article thumbnail

Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

How can community financial institutions thrive in 2021? Community banks provide unique and important banking services for their customers, but they also face significant obstacles. Would you like other articles like this in your inbox? Takeaway 1 Community banks play an important role in the economy and their communities, but they face significant obstacles.

article thumbnail

Employee Retention Tax Credit Extended to End of 2021

SMB Commercial Lending

Eligible businesses can file retroactive claims for wages paid in prior tax quarters. Eligible employers are private-sector businesses and tax-exempt organizations that experienced: A full or partial shutdown of operations as a result of a government order limiting commerce due to COVID-19 during 2020 or 2021. A gross receipts decline of more than 50 percent during a 2020 or 2021 calendar quarter, when compared to the same quarter in the prior year.

52
article thumbnail

Best Banks for Small Business in Georgia

Fundera

Opening a business bank account is an essential part of running a small business. It’s the best way to separate your personal and business expenses. An added bonus is that it usually makes tax season a whole lot easier too. If you own a business in the Peach State, you may be looking for the best bank for small businesses in Georgia. The truth is that every financial institution is different.

article thumbnail

How to Get an Experian Sample Business Credit Report (and What It Will Include)

CommandCredit

If you are looking for a sample of an Experian business credit report , here is the easiest way to do it. Go to the Command Credit website to view samples of the different types of business credit reports. You can view samples of each of the Experian business credit reports. Experian Premier Profile: A comprehensive business report to facilitate better credit decisions Experian Business Profile: A business credit report on more than 27 million businesses Experian Intelliscore Plus: Predictive cr

article thumbnail

Introducing GoCardless’ new Customer Hub.

GoCardless

We’ve launched a new Customer Hub, find out more today.

52
article thumbnail

Flying Your Spaceship to the Moon: How to Optimize Your Patient Accounting System

MediRevv

What do successful, future-focused organizations all have in common? They are excellent at embracing change. As many of us witnessed during the pandemic – from restaurants to healthcare providers – the ability to adapt to meet consumer needs and perform well financially is critical. So, let’s talk patient accounting systems and your revenue cycle strategy.

40