Fundera

DECEMBER 14, 2018

Apps aren’t just for play anymore: There are a plethora of small business apps that any good entrepreneur should have on all of their devices. Why go lone wolf if you can download some small business apps that automate those processes for you? Small Business Apps: Budgeting. Lasting Bond. QuickBooks.

Small Businesses 107

Small Businesses Transactions 107

Lendio

APRIL 23, 2024

For small businesses, understanding the basics of ACH is important on two fronts: you can make and receive payments through ACH, and ACH is a common method funders use to collect repayment of a business cash advance. What are Automated Clearing House (ACH) transactions? ACH is an acronym for “Automated Clearing House.”

Transactions 52

Transactions Small Businesses Electronic Funds Transfer Credit and Collections 52

Lendio

MAY 25, 2023

Many businesses invest a lot of resources into enticing new customers. Enter the small business customer loyalty program — one of the best ways to drive significant results to your bottom line. HBR ) An estimated 65% of a company’s business comes from repeat customers.

Small Businesses 97

Small Businesses Transactions 97

Fundera

MARCH 7, 2020

In this guide, we’ll break down 10 of the best invoicing software solutions for small businesses—so you have all the information you need to decide what’s right for your business’s needs. 10 Best Invoice Software Options for Small Businesses. per transaction with no hidden or monthly fees.

Small Businesses 99

Small Businesses Credit and Collections Credit Card Payments Transactions 99

Abrigo

MAY 2, 2024

Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending.

Small Businesses 88

Small Businesses Credit Risk Credit Unions CECL 88

Fundera

OCTOBER 20, 2019

How to Manage Small Business Finances in 5 Comprehensive Steps. Choose a business bank account and separate your personal and business finances. Organize your business finances by using accounting software and hiring a professional. Understand and fulfill your business tax responsibilities. ATM access.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

The Red Spectrum

MAY 8, 2023

Small businesses are the backbone of the economy. However, starting and running a business requires much capital. As a result, most entrepreneurs depend on small business financing to get their ventures off the ground. In recent years, the small business financing landscape has undergone significant changes.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Transactions 98

Due

APRIL 15, 2024

America’s small businesses face unprecedented challenges. Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. As a business owner, you indeed wish things could be easier.

Small Businesses 84

Small Businesses Bankruptcy Credit and Collections Business Bankruptcy 84

Lendio

MAY 28, 2024

More than 30% of American small businesses are not approved for at least some of the funding they apply for. If you’re concerned that you might fall into that category, read on—these are the documents you’ll need to apply for a small business loan or other financing. Documentation requirements for SBA loans.

Small Businesses 98

Small Businesses Credit Scoring Transactions 98

Fundera

FEBRUARY 7, 2019

Every small business owner pours more than long hours into their company to make it succeed. There’s plenty of tears, sacrifices, and struggles to make a small business stand on its own two feet—all of which make the decision to sell all the more complicated. 8 Steps to Selling a Small Business.

Small Businesses 103

Small Businesses Transactions 103

Abrigo

FEBRUARY 14, 2023

What to know about the CFPB 1071 rule affecting small business loans This post provides answers to some frequently asked questions about data requirements and other changes likely from the new rule. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending.

Small Businesses 78

Small Businesses Credit and Collections Credit Unions Credit Risk 78

Due

DECEMBER 16, 2023

With that in mind, here are a few ways numbers-phobic entrepreneurs can not just take care of small business finance but do so with ease. Utilize Simpler Accounting Methods There is small business accounting, and then there’s small business accounting. Thryv is a perfect example of this.

Small Businesses 98

Small Businesses Transactions 98

Lendio

MARCH 9, 2023

You’ll hear this saying often in business, and almost every small business owner knows the challenges of managing cash flow. According to a 2019 Lendio survey, cash flow is the number one challenge small businesses face. Businesses face a cash flow problem when they have more cash going out than coming in.

Small Businesses 97

Small Businesses Transactions 97

Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . Takeaway 1 Many banks and credit unions want to win more business loans but will face higher rates and more competitors. You’re in good company.

Transactions 78

Transactions Credit Unions Credit Risk Small Businesses 78

Fundera

SEPTEMBER 15, 2020

It’s no secret that Thanksgiving is an exciting time of year, not only for families and loved ones, but also for small business marketing. People are starting their holiday shopping and Black Friday and Small Business Saturday are just around the corner. These ideas will help you achieve just that. Plan Ahead.

Small Businesses 88

Small Businesses Transactions 88

Due

APRIL 20, 2023

What’s the resource you prioritize the most as a CEO or a small business? Just 29% of the US population still carries out traditional banking transactions. How relevant is digital banking to business owners? A study by the Bank of America reveals that 85% of small business customers count on digital payment channels.

Small Businesses 80

Small Businesses Transactions 80

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Fundera

OCTOBER 8, 2020

This guide will answer these questions and provide you with the information you need to make sure your bookkeeping is an asset to your business instead of a liability. Bookkeeping is broadly defined as the recording of financial transactions for a business. It is part of a business’s overall accounting process.

Small Businesses 84

Small Businesses Transactions 84

Your Virtual Credit Manager

FEBRUARY 18, 2025

Initial Sources of Customer Insights The new customer credit application is typically the initial source of customer credit insights, though a credit bureau score or rating will, in some instances, suffice for relatively small dollar transactions. it just might help them collect faster and pay you sooner. Share Read more

Credit Application 130

Credit Application Credit and Collections Bad Debt High-Risk Accounts 130

Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Takeaway 1 Financial institutions are using small business loans as a source of growth and this trend will continue. .

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Your Virtual Credit Manager

JANUARY 17, 2023

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. It is important to keep in mind that trade credit — selling on terms in a B2B environment — is greatly affected by the transactional process.

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

The Red Spectrum

MAY 2, 2023

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses.

Small Businesses 71

Small Businesses Credit Scoring Transactions 71

Your Virtual Credit Manager

MAY 23, 2023

However, the open terms associated with trade credit transactions are typically short-term, so those accounts that honor your terms will naturally be considered good customers. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

Bad Debt 49

Bad Debt Credit and Collections Deductions Invoice Amount 49

Abrigo

MARCH 3, 2022

By leveraging their strengths in relationship lending and their access to technology in order to grow the small business loan portfolio profitably. You might also like this whitepaper on big opportunities in small business lending DOWNLOAD . Small businesses are turning to small lenders.

Small Businesses 78

Small Businesses Credit Risk Transactions 78

biz2credit

APRIL 23, 2024

It wasn’t long ago that businesses logged transactions in their ledger, manually tracked inventory, and relied heavily on human intuition for decision-making. Today, with the advent of artificial intelligence (AI), small business operations are at the precipice of automating these and many more essential functions.

Small Businesses 59

Small Businesses Transactions 59

biz2credit

MAY 14, 2024

Best Credit Card Processing Companies for Small Businesses When it comes to running a business, cash may be king, but plastic dominates most transactions.

Small Businesses 59

Small Businesses Transactions 59

Fundera

OCTOBER 5, 2019

Step 4: Register your business. Step 6: Obtain funding for your small business. Step 8: Open a business bank account. Step 10: Start running and promoting your business. Starting a small business is a big, scary step into the unknown, but just by considering the option, you’ve taken the first crucial step.

Small Businesses 96

Small Businesses Credit Scoring Transactions 96

The Red Spectrum

MAY 2, 2023

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses.

Small Businesses 66

Small Businesses Credit Scoring Transactions 66

Lendio

APRIL 30, 2024

A significant 23% of small businesses surveyed use artificial intelligence (AI) with 39% stating they plan to adopt AI. Small businesses are finding innovative ways to harness AI’s abilities, from streamlining marketing efforts and enhancing customer communication to optimizing inventory management.

Small Businesses 59

Small Businesses Credit Card Companies Transactions 59

Biz2X

MARCH 18, 2025

Reading Time: 4 minutes Data-driven strategies have become integral for small business lending, particularly within digital commercial lending. According to Forbes, Small Business Administration-backed loans had a near-record start in 2025, with $8.8 According to the U.S.

Small Businesses 52

Small Businesses Default Transactions 52

Due

SEPTEMBER 9, 2024

in COVID-19 pandemic relief funds intended to help small businesses. COVID-19 scam According to the court papers, Dezfooli submitted loan applications under the Paycheck Protection Program (PPP), which was established to stem the losses small business owners suffered during the pandemic. Zachary Adams and Taylor G.

Transactions 116

Transactions Small Businesses 116

Lendio

JULY 31, 2023

It’s tempting for small business owners to view accounting as a hassle—some necessary evil. And while it’s certainly not the most exciting part of running a business, keeping up with your small business accounting will pay massive dividends and make you a better business owner.

Small Businesses 52

Small Businesses Chapter 11 Chapter 7 Transactions 52

Your Virtual Credit Manager

FEBRUARY 25, 2025

Your collection cost will wholly or significantly offset the cost of the credit card transaction, and the time saved can be devoted to focusing your attention on higher-value customers. You should, moreover, make it clear to new customers who order small dollar amounts that late payments will not be tolerated.

Bad Debt 130

Bad Debt Credit and Collections DSO Debt Collections 130

Your Virtual Credit Manager

AUGUST 23, 2022

Photo by CDC on Unsplash Small businesses have to deal with many of the same challenges as larger ones. A key difference (besides volume of transactions) is the lack of labor specialization.

Transactions 130

Transactions Small Businesses 130

The Red Spectrum

APRIL 20, 2023

Building business credit is essential for small businesses looking to grow and expand. Without a strong credit score, securing financing or partnerships that can help your business thrive can be difficult. Business credit is separate from personal credit, which is based on your personal credit score and history.

Small Businesses 60

Small Businesses Credit Scoring Credit Reporting Agencies Transactions 60

Accounting Department

APRIL 30, 2024

Fyle provides a software solution that empowers small businesses to effortlessly access their corporate credit card transaction data, granting them enhanced insight into employees' expenditures in real time.

Transactions 97

Transactions Small Businesses 97

Lendio

JUNE 4, 2024

You may have decided to buy an existing business after it popped up on your radar. But more likely, you’ll have to look for a business that is for sale. You can find businesses for sale via: Business brokers Networks and small business associations Your current employer Directory listings Advertisements 1.

Small Businesses 52

Small Businesses Transactions 52