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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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FinCEN’s AML/CFT Priorities: A risk assessment perspective

Abrigo

A coordinated approach between the institution’s risk and information security departments is essential to an effective cybercrime prevention program. Foreign and domestic terrorist financing – Terrorists require financing to recruit and support members, fund logistics, and conduct operations. Many TCOs currently operate in the U.S.,

Fraud 195
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Trade Disputes, Fraud Aren’t Treasurers Biggest Concerns

PYMNTS

Unfortunately, the report found, recent tax reform in the U.S. tax reform to provide a significant benefit, nearly half said in 2019 that there has been no significant impact on their companies at all. Only 15 percent said tax reform boosted their total income, while 12 percent said financial performance has improved.

Fraud 115
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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. Pandemic-Related Stimulus Ends.

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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