2021

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Justice for Victims of Human Trafficking – One Transaction at a Time

Abrigo

Identify Human Trafficking via Transactions Banking professionals run across many types of transactions pointing to human trafficking. Here are tips to spot them from Love Never Fails Founder Vanessa Russell. You might also like this webinar: "Human Trafficking - Close to Home" WATCH . Takeaway 1 Some financial transactions flag human trafficking because they are from websites notorious for this behavior.

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5 Strategies to Build Business Credit Easily and Quickly

Business Credit

Build Business Credit In today’s post we share five key strategies for building business credit easily and quickly. These five strategies provide a fast and efficient way to establish your business credit file with major business credit reporting agencies. If your new to building business credit it’s important to recap on why it’s an essential […].

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Why Your Organization Needs Structured Payment Plans

RevCycle

Healthcare consumerism and patient responsibility have seen a coinciding rise over the last decade plus. The COVID-19 pandemic served to exacerbate the difficulties many patients face with their out-of-pocket balances. The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% repo

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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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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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Here Are the 5 Best American Express Business Credit Cards

Beyond Capital Blog

How do you find the best American Express business credit card when there are so many options? No problem. We’ve whittled the list down to 5. The post Here Are the 5 Best American Express Business Credit Cards appeared first on Fast Capital 360.

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1-4 Unit Rental Portfolio Loans

StackSource

What you need to know about financing a portfolio of rental properties ranging between single family rentals to quadruplexes.

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7 Tips for Building a Great Business Credit Score

The Business Backer

We’ve explained why your business credit score matters — it can help you secure financing, receive better insurance rates, and negotiate the terms. The post 7 Tips for Building a Great Business Credit Score appeared first on The Business Backer.

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How to Build Your Business Expansion Plan

Headway Capital

Business expansion doesn’t occur overnight. It takes careful planning to ensure that you have all the right tools to build. The post How to Build Your Business Expansion Plan appeared first on Headway Capital Blog.

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What to Expect in the SBA Lending Process?

FNB Small Business

Obtaining financing for your business is an exciting time, but it can also feel intimidating if you don’t know what to expect. Whether you’re launching a start-up, acquiring an existing business, acquiring or constructing a building to operate from, or opening a franchise, there are some common steps to the SBA lending process that you should know. Read More.

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Key Components of a Strong Sanctions Compliance Program

Abrigo

Create an effective sanctions program Considering the current economic and political environment, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). Would you like others articles like this in your inbox? Takeaway 1 OFAC has issued new guidance on the essential components of a strong compliance program. Takeaway 2 Financial institutions must train front-line staff to identify behavioral red flags that could indicate elder financial abuse.

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New Prepaid Business Credit Card – Reports to Dun and Bradstreet and SBFE

Business Credit

New Prepaid Business Credit Card Not all businesses can get approved for a line of credit or unsecured business credit card. Whether it’s due to limited credit or negative credit or little to no business credit, a prepaid business credit card offers an ideal solution. With a pay-as-you-go option, the prepaid business credit card puts […]. The post New Prepaid Business Credit Card – Reports to Dun and Bradstreet and SBFE appeared first on Business Credit.

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Reg F: Analysis & CFPB Commentary by General Counsel

RevCycle

Regulation F and the CFPB commentary are over 900 pages of regulatory changes to everyday operational matters faced by the debt collection industry. Our team has spent months reviewing Regulation F for the purposes of implementing adjustments to our processes (you can learn about our organizational structure including Alliance Collection Agencies here ).

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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.

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Managing A "Pay When Paid" Policy

JSP Credit Management

One of the numerous benefits of working across different industries in the debt collection industry is that you get to see the wide variety of different payment arrangements that are adopted by different companies, and sometimes entire sectors too. We imagine that those differences are more or less suitable to the supplies that are involved with them and this blog is going to be looking at one of those in particular: the pay when paid policy.

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The Best Place to Save Money: 12 Ideas for Entrepreneurs

Beyond Capital Blog

What’s the best place to save money you earn from your small business? Here’s our guide to 12 of your best options. The post The Best Place to Save Money: 12 Ideas for Entrepreneurs appeared first on Fast Capital 360.

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Our partners: Progress

Collenda

Our partners: Progress – database provider for Credit Navigator. Partner companies are of outstanding importance for a software company like Collenda. One of these partners is Progress. Collenda has been working with this technology provider for many years, and our Credit Navigator customers trust in its secure and low-maintenance application development and deployment platform.

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U.S. SBA Supporting Small Businesses Survive COVID-19

SMB Commercial Lending

The SBA delivered a record number of its traditional loans to our nation’s small businesses while also scaling up to meet the immense demand for COVID-related economic relief. This year, SBA has overseen the distribution of nearly $416.3 billion in emergency relief aid to more than 6 million impacted small businesses through the Paycheck Protection Program ($280 billion), Restaurant Revitalization Fund ($28.6 billion), Shuttered Venue Operators Grant ($13.4 billion), COVID Economic Injury Disast

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Scary Commercial Lending Stories Just in Time for Halloween

Commercial Lending

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link]. . Brad Hettich on Real Estate Revealed, Sunday, October 31, 2021. Transcript of Real Estate Revealed Radio Show on AM560 from Sunday, October 31, 2021. . Happy Halloween. . . I know my topic is “Scary Commercial Lending Stories”, and stories that actually stoke fear in commercial lending are rare.

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From V-shape to K-shape: how are economies recovering from the pandemic?

aptic

Now that most economies are reopening, the question is how the various sectors will recover. From U-shape to V-shape and even K-pattern, just about the entire alphabet of outcomes is possible. What is becoming clear is that a steep upward swing isn’t on the cards for every area, so it’s important to remain vigilant and monitor your credit management more closely than ever.

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How can biometric verification fast track your customer origination process?

Credisense

Automating identity verification using biometrics is one way to speed up your credit decisions and streamline customer onboarding. The reality of customer origination. Many businesses, including financial institutions, telcos, utilities, lawyers, accountants, and trade credit providers, operate in a transactional environment that requires fast credit decisions and onboarding journeys.

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How Cryptocurrency is Affecting BSA Initiatives

Abrigo

Cryptocurrency continues gaining traction. As the cryptocurrency industry continues to expand, financial institutions must remain vigilant to thwart cybercriminals. Want more BSA training and articles emailed to you? Takeaway 1 The cryptocurrency industry has expanded quickly. Cybercriminals have caught on. Takeaway 2 While crypto crime fell in 2020, there are many risks financial institutions must be aware of.

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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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Alleviating Financial Pressure in the New Normal

RevCycle

It has now been over a year since COVID-19 arrived in the U.S., wreaking havoc on healthcare’s already thin margins while creating new financial pressure. As early as March 2020, hospital revenue streams began taking a huge hit due to the cancellation of elective procedures, which along with increased costs had a significantly negative impact on the industry’s credit outlook.

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Get Your Financial House in Order

Commercial Credit Group

The end of the year is upon us and tax season is just around the corner. Now is a great time to review some of the, often overlooked, business expenses that may seem mundane and insignificant, but left unchecked can be costing your company thousands of dollars.

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How To Tick Off Your Bucket List

JSP Credit Management

Things have been fairly challenging here at JSP Credit Management’s headquarters just lately. An ever-increasing workload has placed some pressure on our ability to meet some of our usual deadlines, such as our weekly blog, for example. We apologise for that, as realise that some of our followers enjoy reading them. However, and despite what the title of this blog may suggest, we have not decided to abandon credit management for a career in tourism or life coaching.

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How Do ACH Loans Work for Small Businesses (and What Are the Benefits)?

Beyond Capital Blog

An ACH loan can help you obtain fast funding for your business without the strict requirements of a bank loan. Find out more, including the pros and cons. The post How Do ACH Loans Work for Small Businesses (and What Are the Benefits)? appeared first on Fast Capital 360.

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This is what logistics companies should look out for when choosing their receivables management software

Collenda

This is what logistics companies should look out for when choosing their receivables management software. The choice of software for receivables management is difficult and is based on many criteria such as company size, orientation or industry. In the transport and logistics industry, liquidity plays a major role due to the high level of fixed assets.

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[On-Demand] Open Banking 101

GoCardless

Hear speakers from GoCardless and Open Banking Excellence as they demystify open banking and explain how businesses can use it to future proof their strategies

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The Pros & Cons of Debt Leverage

Commercial Lending

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link]. Brad Hettich on Real Estate Revealed, Sunday, October 17, 2021. . Transcript of Real Estate Revealed Radio Show on AM560 from Sunday, October 17, 2021. . Good morning. . . I wanted to spend some time this morning talking about some of the pros and cons of debt and leverage when it comes to commercial lending. . .