Fundera

OCTOBER 2, 2017

Did you know October is Women in Small Business Month? According to the Small Business Administration , there are more than 11 million woman-owned businesses in the U.S. That’s 38% of all businesses, supporting nearly 9 million jobs and generating $1.6 trillion in annual revenues—something worth celebrating all year round! But as the gender gap in business fights to close, it’s important to take this month to reflect on how you can support the cause.

Small Businesses 106

Small Businesses 106

Abrigo

OCTOBER 6, 2017

During a Sageworks webinar on HVCRE risk management Rob Ashbaugh, senior risk management consultant at Sageworks, explained that clarifications on some of the murkier aspects of the HVCRE (high volatility commercial real estate) rule were anticipated by the industry. On September 27, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency released a Community Bank Summary entitled Proposed Simplification to

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GoCardless

OCTOBER 3, 2017

Cloud accounting has given rise to a new breed of tech-savvy, data-enabled, commercially astute accountants, who are becoming trusted advisors to their clients.

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52

Fundera

OCTOBER 2, 2017

When it comes to the future of your business, filing for bankruptcy might seem like the absolute worst thing that could happen. And, yes, it will show up on your credit report, which might put you at risk of getting rejected by certain long-term lenders. However, filing for bankruptcy is not necessarily a death sentence—in fact, it could mean the difference between sinking or saving your business.

Bankruptcy 100

Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 100

Fundera

OCTOBER 5, 2017

If you’ve ever learned much about personal financial management, you know that maintaining a strong personal credit score is critical to your ability to qualify for things like a home mortgage, personal or car loan, or even a personal credit card. But did you know that this same system of credit monitoring and reporting also exists for businesses? That means the decisions you make with your business finances when you first open your company can have an impact that lasts long into the life of you

Credit Scoring 86

Credit Scoring Credit Reporting Agencies Small Businesses Default 86

Fundera

OCTOBER 4, 2017

Women are making waves in entrepreneurship like never before. Women now own 36% of businesses ( based on 2012 US Census ), up from 30% in 2007. Advances in technology make it easier for busy women to start and run their own businesses these days. Internet access along with cloud-based apps make it so more women can seamlessly integrate their business-based livelihood with the parts of their life that includes children, relationships, and everything else in between.

Small Businesses 85

Small Businesses 85

Fundera

OCTOBER 5, 2017

These days, we’re taught to think that entrepreneurship is entirely the province of the young and the restless. But the history of business actually favors founders who started later in life. Without these “ silverpreneurs ,” hits like GEICO, KFC, and LinkedIn would never have existed. There’s no reason to think that you can’t be one of them. Let’s take a look at three reasons why age shouldn’t stop you from launching your business. 1.

Small Businesses 71

Small Businesses 71

Fundera

OCTOBER 5, 2017

Thinking about applying for a business credit card ? Smart move. Using a business credit card comes with a lot of perks for small business owners. Plus, applying for a business credit card is a great secondary financing option when you’re in the need for financing but don’t necessarily qualify for a more traditional business loan just yet. You can use one for backup business financing , to build business credit , to cushion your cash flow, to earn rewards on your purchases… The list of benefits

Credit Scoring 68

Credit Scoring Credit Card Companies Small Businesses Transactions 68

Abrigo

OCTOBER 5, 2017

Ancin Cooley, CIA, CISA, of Synergy Bank and Credit Union Consulting , recently presented at the 2017 Sageworks Risk Management Summit on the Perspectives of Lending Dysfunction: Loan Officers, Credit Analysts and Loan Reviewers. According to Cooley, the major cause of dysfunction between the lending department and credit risk function is an inability to see or appreciate the other function’s perspective.

Credit Unions 60

Credit Unions Credit Risk 60

Abrigo

OCTOBER 4, 2017

As technology continues to evolve, it is difficult for every team member to keep up. Employers can help by implementing strategies to ensure that employees are proficient in and knowledgeable of new industry tech. The below strategies will guide a firm’s development of well-informed, proficient employees. 1. Where do your Employees Stand? Before implementing strategies to overhaul the standing of your firm’s employees’ technological competency, gauge their current understanding.

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Abrigo

OCTOBER 4, 2017

Machine learning, a subset of artificial intelligence where machines can predict outcomes by using algorithms to interpret data, won’t eliminate the need for humans in accounting work, according to a leading expert on business, technology and big data.Machine learning, a subset of artificial intelligence where machines can predict outcomes by using algorithms to interpret data, won’t eliminate the need for humans in accounting work, according to a leading expert on business, technology and big d

Transactions 60

Transactions 60

Fundera

SEPTEMBER 30, 2017

So, your small business landed a major press opportunity on a huge media outlet and could not be more excited for the feature and the added exposure it will provide your company. However, instead of conducting the interview face-to-face or via email, the reporter wants to chat with you over the phone. Maybe you’re happy to hold a lengthy discussion or dread phone conversations to the point where you find yourself imagining all of the ways you might accidentally flub the experience.

Small Businesses 55

Small Businesses 55

Fundera

OCTOBER 1, 2017

In a free market economy, the efforts of entrepreneurs from all walks of life fuel the market. Because small business make up over 99% of U.S. employment firms , it’s important that anything that might affect this demographic be taken seriously. As the Trump administration makes moves against immigration policies such as DACA, we need to closely analyze the impact it might have on entrepreneurship in the United States.

Small Businesses 49

Small Businesses 49