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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. trillion between 2019 and 2022. The market surged to as high as $2.4

Lending 244
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. trillion between 2019 and 2022. The market surged to as high as $2.4

Lending 195
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PPP Lender Guidance Details How Borrowers Apply for a Second PPP Loan

Abrigo

Relevant tax forms, quarterly financial statements, or bank statements are acceptable documentation. The maximum amount available for a second-draw loan is $2 million, but for most businesses, the maximum amount will be calculated by multiplying the average total monthly payroll costs during 2019 or 2020 (at the borrower’s election) by 2.5 (or

Taxes 195
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Formula for Business Lending Success: Minimize Delays

Abrigo

They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. 21, 2019 – Jan. Abrigo’s 2020 Business Lending Readiness Survey found many bankers are dealing with processes that stymie those efforts.

Lending 243
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Canadian Fintech Market Map

CB Insights

While deals and dollars slowed to Canadian startups in the first half of 2019, early-stage startup activity suggests that there’s more to the story. GET THE ENTIRE 41-PAGE CANADA VC REPORT H1 2019. Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. The 2019 Canadian fintech market map.

Fintech 93
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For Ag Lenders, Farm Outlook Warrants Watching

Abrigo

Ag Sector Outlook Presents Opportunity and Risk for Lenders Higher prices for agricultural producers and continued gains in farmland values are meeting rising interest rates and input costs. More Unpredictable Than 2019-2021. Property taxes/fees: 1.4% The general U.S. agricultural sector outlook. Livestock/poultry purchases: 6.8%

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The Current State of Ag Lending: Challenges for Borrowers, Lenders, and How to Overcome Them

Abrigo

“This advisory reminds financial institutions engaged in agricultural lending to maintain sound underwriting standards, strong credit and administration practices, effective risk management strategies, and appropriate allowances for losses and capital levels through the credit cycle,” the FDIC statement said.

Lending 195