Remove 2024 Remove Community Bank Remove Operations Remove Taxes
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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. The ERC filing deadline is October 2024.

Taxes 195
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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. Role of business loans The market and impact of small business lending Small business lending is a large and growing market, and many banks and credit unions want more of it. At the same time, 59% pursued credit to meet operating expenses.

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. Role of business loans The market and impact of small business lending Small business lending is a large and growing market, and many banks and credit unions want more of it. At the same time, 59% pursued credit to meet operating expenses.

Lending 195
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The Recency Trap and Building Deposit Balances

South State Correspondent

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Many banks fall into the “recency trap.”

Marketing 195