Fundera
JULY 20, 2020
The 14 Best Small Business Grants for Women Entrepreneurs. Grants.gov. National Association for the Self-Employed Growth Grants. Eileen Fisher Women-Owned Business Grant Program. Amber Grant. IdeaCafe Grant. Girlboss Foundation Grant. Cartier Women’s Initiative Award. GrantsforWomen.org. FedEx Small Business Grant. The Halstead Grant. Open Meadows Foundation. 37 Angels.
Abrigo
APRIL 2, 2020
Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. The BBB Senior Medicare Patrol issued a COVID-19 Consumer Tip Sheet to protect potential targets of these scams. Train your frontline staff to recognize the red flags of potential elder financial abuse. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue th
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Accenture Credit Management
AUGUST 17, 2020
The likelihood of a quick, V-shaped COVID-19 economic recovery is fading in many countries. The impact of the downturn—lower incomes, further job losses, diminished demand and more—is likely to endure, driving many consumer and business borrowers into default. A torrent of delinquencies will cause a new credit crisis that is likely to swamp but not….
Fundera
AUGUST 25, 2020
What makes for a great city for women entrepreneurs? It’s a city where women have the means, opportunities, and support to start their own business. It’s a city where they are surrounded by other women entrepreneurs and where they earn the same as their male counterparts for the same work (which in much of the U.S. is still not a given). It’s also a place where women can hire from a community that champions them.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Fundera
JULY 22, 2020
There are great inequities in entrepreneurship—as with so many other aspects of life in the United States. One of the most obvious examples of this is that business owners of color—as well as women business owners, and other overlooked entrepreneurial communities—are not able to access the same financial resources that white, male business owners obtain regularly. .
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
MAY 7, 2020
For a relatively small population, veteran entrepreneurs have a significant footprint on the landscape of small business in the U.S. And like many business owners, they sometimes need business loans or other forms of funding to help launch or grow their endeavor. As of 2019, 2.5 million of the country’s small businesses were owned by veterans, which accounts for 9.15% of all American businesses.
Abrigo
APRIL 4, 2020
Key Takeaways Friday's rollout of the PPP program was met with confusion, frustration, and glitches. E-Tran has been the subject of many frustrations. New lenders must follow a two-stage process to set up access to E-Tran. Current lenders may not be able to log in to E-Tran because they forgot their E-Tran credentials or their login expired. There are several steps these users can take to troubleshoot.
Abrigo
OCTOBER 21, 2020
Key Takeaways Trepp's head of Commercial Real Estate Finance outlined the current CRE market and looked at the future of CRE during Abrigo's recent ThinkBIG conference. The overall CMBS delinquency rate in September declined from a near peak rate earlier this year. Forebearances rose in September, topping $31 billion. The pandemic's impact on CRE. This post by Hayley Collier , Trepp's Marketing Communication Specialist, was originally published on Trepp's blog and can be found here.
Fundera
OCTOBER 13, 2020
According to the Urban Institute, a Black-owned bank is defined as a financial institution that provides services to minority communities and is 51% or more Black-owned. [1] Black-owned banks have been around since 1888, but they’ve stagnated in recent years. Although there were 48 Black-owned banks in 2001, there are fewer than 25 today (not including a number of credit unions). [2] As the Black Lives Matter movement continues to be at the forefront of people’s minds, it’s a good time to be mo
Fundera
JANUARY 30, 2020
America’s small businesses run on the tireless effort and ingenuity of their owners and employees. They also require capital or funding—otherwise known as the cash to cover overhead costs, make repairs, fund expansion, upgrade equipment, or even buy another business. . While some startups are lucky enough to be buoyed by venture capital, most U.S. businesses (and remember, U.S. small businesses make up 99.7% of the country’s employer firms ) turn to some kind of small business loan to help them
Fundera
SEPTEMBER 8, 2020
Top 10 Fall Marketing Ideas. Fall-Specific Content Marketing. Fall Contests and Giveaways. Get Your Business in the Fall Spirit. Create Special Fall Products or Services. Fall-Themed Direct Mail Campaign. Infuse Fall Energy Into Your Social Media Channels. Launch a Thanksgiving Charity Initiative. Put a Fall Spin on Your Loyalty Program. Cross-Promote With Fall in Mind.
Fundera
SEPTEMBER 8, 2020
Service Business Ideas: The Top 15. Personal fitness trainer. Grocery shopping and delivery. Makeup artist. Doula and birth coaching services. Private school application consultant. Elder companion and care provider. Pet sitting. Handyman service. Mobile car-wash and detailing. Virtual assistant. Graphic designer. IT systems consultant. Mobile notary public.
Abrigo
JANUARY 6, 2020
Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Regulatory change in focus. Bank Secrecy Act (BSA) and compliance officers at financial institutions in 2019 remained focused on staying on top of all of the regulatory changes occurring in the space, and it showed in the articles on Abrigo’s blog that we
Fundera
FEBRUARY 3, 2020
How to Start an Ecommerce Business in 7 Steps. Research the ecommerce space and find your niche. Select your business name and choose a legal structure. Apply for an employer identification number (EIN). Obtain business permits and licenses. Choose your ecommerce platform and create your website. Source or develop your products. Market your ecommerce business.
Abrigo
JUNE 18, 2020
Key Takeaways New PPP loan forgiveness applications are out from the SBA, including an EZ Form 3508 aimed at streamlining the process. Neither of the new forgiveness application forms nor revised guidance mentioned any kind of “blanket forgiveness” for PPP loans under a certain dollar amount. Lenders and borrowers also received updated guidance on compensation amounts eligible for forgiveness over the extended 24-week period.
Fundera
NOVEMBER 10, 2020
In all of the business planning you’ve done, you might not have thought about how to hand over your stake in the business when you retire or move on. Or, in a worst-case scenario, what happens to the finances when selling your business in the event that you’re incapacitated or die. Hard stuff to think about, but it’s better to have a plan for selling your business in these cases—known as a buy-sell agreement—than be left unprepared.
Fundera
APRIL 20, 2020
Small businesses across the country have been impacted by the coronavirus pandemic, and many have turned to the Paycheck Protection Program (PPP) to help them keep employees on their payroll as well as cover other costs. PPP loans are low interest, require no collateral or guarantee, and—if used as the program intended—don’t need to be paid back. .
Fundera
JULY 28, 2020
How to Price a Product in 6 Steps. Evaluate your costs. Determine your desired profit. Understand your customers. Research your competition. Choose a pricing strategy. Monitor your prices and adjust as necessary. Every entrepreneur faces the complex question of how to price their product or service, and it’s a decision that can make or break your business.
Fundera
OCTOBER 6, 2020
Top Grants for Nonprofits. 3M Foundation. The Carnegie Foundation. The Coca-Cola Foundation. Walmart Foundation. Ford Foundation. Amazon Web Services Imagine Grant. Bank of America. Google Ad Grants. Google for Nonprofits. Does your nonprofit organization have an amazing project but need funding to get started? Despite your noble intentions and philanthropic efforts, you still need capital to launch programs that benefit individuals, communities, and even our planet.
Fundera
SEPTEMBER 17, 2020
What Is LegalShield? LegalShield is an online legal service that provides affordable legal coverage for small businesses and individuals. Instead of paying the steep hourly rates typically charged by law firms, customers can pay a fixed monthly rate for legal representation and advice on a range of issues. The company is an industry veteran, founded in 1972.
Fundera
AUGUST 18, 2020
Top Business Grants for Black Women. SBA 8(a) Business Development Program. IFundWomen. NASE Growth Grants. Minority Business Development Agency (MBDA). Grants.gov. The Amber Grant Foundation. The Red Backpack Fund. Female Founders Fund. Black Girl Ventures. The most recent wave of the Black Lives Matter movement has amplified what Black people in America have known for centuries: Systemic racism is alive and well in America.
Abrigo
APRIL 30, 2020
Key Takeaways Borrowers must document how their PPP loans are used Borrowers must maintain employee and compensation levels At least 75% of the loan must be used for payroll and other permissible expenses Borrowers must have "economic need" for a PPP loan. This week, a new round of funding was made available for Paycheck Protection Program (PPP) loans.
Abrigo
FEBRUARY 13, 2020
Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices. CRMs help institutions scale processes, relationships, and communication, without sacrificing the personal relationships the bank or credit union has formed.
Fundera
NOVEMBER 18, 2020
Virtually all Americans have been impacted by the ongoing coronavirus pandemic. But not everyone has been impacted equally. For example, while the country’s richest people have actually seen a massive uptick in wealth since the start of the pandemic, many small business owners have had to fight tooth and nail to keep their businesses afloat. . In addition, not all small business owners are facing the same obstacles.
Fundera
MAY 30, 2020
When you’re first starting a business , one of the most important parts of the process is planning. Although it can be tedious and overwhelming, you’ll want to take the initial time to determine what you’ll be selling, who your customers will be, and overall, how your business will make money. To this point, you’ll want to select a business model and incorporate this design into your planning and research.
Fundera
OCTOBER 15, 2020
Organizing your business receipts is an important part of tracking your business expenses. Not only does keeping your receipts organized help you prepare your business tax return, but it also helps you protect your business from a loss of profitability and even fraud. Unfortunately, organizing receipts falls under the category of “filing”—a part of business accounting dreaded by many business owners and their administrative staff.
Fundera
OCTOBER 5, 2020
How to Track Business Expenses in 6 Steps. Separate your business finances. Invest in software. Keep your receipts. Track your expenses. Choose an accounting method. Use a professional. Keeping track of business expenses is one of the essential elements of accounting for your small business. Tracking your business expenses not only helps you claim all the tax deductions you are due, but it also helps you run your business profitably.
Fundera
SEPTEMBER 29, 2020
What Is Year-Over-Year Growth? Year-over-year (YOY) growth evaluates a company’s financial progress over time. With the year-over-year growth formula, you and your investors can compare two metrics within a given time period, such as revenue over a yearly, quarterly, or monthly basis. Every small business owner wants to know how their business is doing over time.
Fundera
OCTOBER 1, 2020
7 Steps to Create a Company Disaster Recovery Plan. Appoint a disaster recovery team. Make safety a priority. Check your insurance policies. Routinely backup important data. Assess the damage and respond accordingly. Fine-tune your remote working capabilities. Communicate with your vendors, suppliers, and clients. Developing a business disaster recovery plan feels especially relevant these days.
Fundera
AUGUST 29, 2020
How to Run a Business From Home Legally. Give a lot of thought to your business name. Figure out the right way to structure your business. Clarify whether or not you need to register your home business. Consider registering for an EIN. Apply for all required business permits and licenses. Make sure your local zoning laws allow for residential businesses.
Fundera
AUGUST 9, 2020
A concept that can be confusing and frustrating for small business owners—especially come tax season —is depreciation. With depreciation, you buy an asset, like a computer, and even though the money has already left your bank account you can’t recognize the full expense. This accounting rule can make purchasing assets challenging for small businesses, which isn’t ideal.
Fundera
MAY 19, 2020
How to Start a Dropshipping Business in 5 Steps. Figure out the logistics—including registering your business, getting a business tax ID, etc. Identify a market, choose a niche, and perform competitor research. Find the right supplier. Build your ecommerce website. Optimize and market your site. If you’re trying to figure out how to start a dropshipping business, you’re not alone—t oday, 33% of ecommerce stores use dropshipping as a fulfillment method , and with the ecommerce industr
Fundera
MAY 19, 2020
The Small Business Administration and the Department of the Treasury released the official Paycheck Protection Program forgiveness application form on May 15. This form, also known as SBA Form 3508, is what small business borrowers will submit to their PPP lender when it’s time to have their loan partially or entirely forgiven. . Although small businesses have been applying for PPP loans since the program was created passage of the CARES Act, information on forgiveness has been lacking.
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