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Formula for Business Lending Success: Minimize Delays

Abrigo

Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. learn more.

Lending 243
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Building your growth plan: Key metrics to consider - Part 3

Abrigo

This practice is designed to mitigate risk, but it can also limit lending opportunities. However, by performing a global analysis on applicants or considering them for different products, the institution may be able to book more loans. Additionally, document collection can be one of the biggest obstacles to booking a loan.

Analysis 150
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Cultivate a better ag lending process: 7 best practices

Abrigo

Develop better ag lending workflows before demand picks up. A better ag lending process makes applying smoother for borrowers and can allow efficient ag loan growth without adding a lot of staff. Takeaway 1 Now is the time to plant the seeds for harvesting growth in the ag loan portfolio by creating a better ag lending process.

Lending 195
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Hot Wheels

Independent Banker

Competition and regulatory risk in car lending race off. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Today Security Federal Savings’ vehicle-lending portfolio has been reduced to $3 million. Current lending practices can’t produce profitable car loans, Thompson adds.

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Hot Wheels

Independent Banker

Competition and regulatory risk in car lending race off. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Today Security Federal Savings’ vehicle-lending portfolio has been reduced to $3 million. Current lending practices can’t produce profitable car loans, Thompson adds.

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Canadian Fintech Market Map

CB Insights

Companies in this subcategory (1) provide technology to accounting and tax, bookkeeping, and expense management players, or (2) leverage technology to provide these services directly to end-users. or (2) leverage technology to provide lending products directly to end-users. Blockchain and crypto. Real estate. Regulatory tech.

Fintech 93
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Fundamentals of construction lending

Abrigo

Takeaway 2 Lenders must follow strict procedures to mitigate risk and keep the outstanding loan balance scaled to the collateral value. Construction lending from the ground up. Strischek included the following information, which can help lenders avoid risk before the project begins—by planning ahead at the closing table.

Lending 195