Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 195

Lending St. Louis Community Marketing 195

PYMNTS

MARCH 27, 2018

Thus: short-term lending, massive debt and a financial black hole that gets deeper and deeper. The company – which provides both financial education and short-term lending programs to more than 100,000 employers, who in turn offer them to their employees – was born of Kilby’s personal experience.

Taxes 101

Taxes United States Lending System 101

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243

Lending St. Louis Community Marketing 243

Abrigo

MAY 5, 2017

Instead, applicants have more gripes about the process they encountered at financial institutions than about the financial aspects of their transactions, according to the 2016 Small Business Credit Survey by the Federal Reserve. How are you going to know if the institution even lends to your industry unless it says it does?

Survey 150

Survey Online Lending Taxes 150

Abrigo

OCTOBER 9, 2014

We can find answers in the August Bank Director’s 2014 Growth Strategy Survey , which asked executives from banks of all sizes across the United States about their growth strategies for the next 12 months. Source: 2014 Growth Strategy Survey. Source: 2014 Growth Strategy Survey. Source: 2014 Growth Strategy Survey.

Community Bank 236

Community Bank Strategy Community Survey 236

PYMNTS

MARCH 13, 2017

70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. The statistics were published last week from BDRC Continental, which surveyed 100,000 U.K. small businesses.

Financial Technology 127

Financial Technology Technology social media Taxes 127

Abrigo

APRIL 27, 2017

During a recent webinar with Sageworks , David O’Connell, a Senior Analyst at Aite Group , presented data from a recent survey by Aite of small and medium business borrowers. They apply early… The Aite survey data first looked at the timeline that most borrowers have when they begin applying for a loan.

Survey 150

Survey Lending Data Taxes 150

Jeff For Banks

APRIL 12, 2018

When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” So why would banks expand small-ticket, unsecured personal lending? Real estate secured.

Lending 60

Lending Resources Community Metro 60

PYMNTS

JULY 3, 2018

Reports in The Washington Post on Monday (July 2) said the survey shows small- and medium-sized businesses (SMBs) in the U.S. Only 30 percent of SMBs surveyed said they sought outside funding in the last three months. Some economists say tax reform is also likely to boost the nation’s SMB population.

National 109

National Analytics Lending Survey 109

PYMNTS

MAY 29, 2019

Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). Late last year alternative lender OnDeck Capital introduced equipment financing to its suite of financing products for small businesses.

Capital 128

Capital Lending Taxes Analysis 128

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

Abrigo

NOVEMBER 13, 2023

Read the 2023 Loan Review Survey results for expert analyses of emerging trends WATCH WEBINAR Takeaway 1 Annual loan review is separate from covenant testing and underwriting, but many banks conflate these processes. Make sure to look at lien perfection, tax payments, and insurance. You don’t want to be in that situation.”

Analysis 195

Analysis Lending System Survey 195

PYMNTS

APRIL 30, 2018

Eighty-three percent of SMBs said they don’t completely understand the new tax law and how it will impact their business, according to the National Association for the Self-Employed. More than 90 percent of survey respondents said they feel the government did not adequately prepare the small business community for the new tax code.

Taxes 144

Taxes America National Community 144

PYMNTS

APRIL 7, 2020

This issue is gaining attention, with a recent survey of financial professionals in the Asia-Pacific finding that 45 percent of respondents believe interoperable open banking strategies would be “very” important, for example. This would ensure that developers could more easily work with APIs from different banks and even different countries.

Groups 159

Groups Lending Examples Taxes 159

PYMNTS

DECEMBER 13, 2019

Traditional bank loans remain the undisputed leader in small business lending. by regulatory initiatives (designed to spur competition in small business banking, open up the market to new challenger banks and support marketplace lending platforms), the bank loan is often the first place small business owners look when in search of capital.

Capital 132

Capital Lending Strategy Community 132

PYMNTS

AUGUST 10, 2020

Instant payments that enable the 24/7, year-round transfer of tax refunds, benefits, dividend payments and other disbursements could be key to quickly getting them money for much needed purchases within 30 minutes or less. This is in turn driving a need for fresh financial solutions that can help customers pay — and get paid — fast.

Millennials 222

Millennials Data United States Report 222

PYMNTS

JANUARY 28, 2020

Survey after survey reflects how large SMBs’ cash flow woes really are. Last year, Intuit ’s global survey revealed 61 percent of SMBs struggle with cash flow, with payment processing delays one of the largest culprits of this challenge. Traditionally, their whole focus has been historical.”. The Data Integration Starting Point.

Payments 151

Payments Data Survey Management 151

PYMNTS

MARCH 2, 2020

nearly doubling to more than $29 billion last year, the FSB said small businesses are seeking lending to manage their cash flows disrupted by unpaid invoices. Sixty-three percent of small business owners taught themselves how to manage invoicing and taxes , a new report from the U.K. In the context of late payments in the U.K.

Payments 143

Payments Report Training Regulation 143

PYMNTS

AUGUST 29, 2018

Blockchain technology is making ever-more inroads into various verticals to convey data and payments, according to a recent report from audit, assurance, consulting and tax services provider PwC, and appears to be moving away from cryptocurrencies in the process. Companies have dabbled in the lab,” the company wrote.

blockchain 101

blockchain Survey Taxes cryptocurrency 101

Abrigo

AUGUST 28, 2022

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

Lending Analysis System Data 195

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Leading the challenges for bankers responding to this year’s survey are increasing loans (56.1%) and increasing earnings (54%). What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

MAY 6, 2019

Fifty-four percent of small firms surveyed by TD Bank expect revenue to increase , a 2 percent increase from this time last year, the bank said. Its “ 2019 Small Business Survey ” found that 46 percent are looking to expand product lines, with 39 percent planning to grow production this year.

Survey 115

Survey America Analysis Data 115

PYMNTS

AUGUST 22, 2016

Small businesses spend an average of 20 days a year dealing with banking issues, while 35 percent of SMEs surveyed said they agreed their banks could be doing a better job at serving them. Meanwhile, half of SMEs surveyed said they do their own bookkeeping, and 20 percent said they don’t use any kind of accounting software.

blockchain 100

blockchain Lending Survey National 100

PYMNTS

JANUARY 17, 2019

The vast majority of the 35,000 survey respondents told the APA that they get paid via direct deposit, with only 4.3 Employers don’t simply want a payroll solution, she said, but a holistic suite of human capital management tools that can handle everything from tax compliance to integrations with time-tracking solutions.

Capital 173

Capital Tools Survey Management 173

Abrigo

OCTOBER 21, 2019

While young professionals value dynamic, creative work environments, innovation, and professional development, banks rank poorly in these key areas to this demographic, according to Deloitte’s Talent in Banking survey. While some customers would love to have a fully digitized banking experience, others prefer banking at a physical branch.

Oklahoma 218

Oklahoma Millennials Innovation Technology 218

PYMNTS

AUGUST 10, 2020

Consumers and other businesses can access their tax refunds, benefits, freelance income, insurance claims, dividend payments and other disbursements within 30 minutes of being paid — sometimes even within seconds. We surveyed more than 5,000 U.S.

Report 228

Report Payments Millennials Cards 228

PYMNTS

MAY 14, 2018

A separate survey conducted by small business borrowers using LendingTree’s services released earlier this month found nearly two-thirds of SMBs expect to see savings as a result of tax reform, with more than a third expecting to use that extra cash to pay down debts. Consumer debt in the U.S.

Software 116

Software Taxes Survey Meeting 116

PYMNTS

MARCH 14, 2017

That run of state-based cases also made some notable changes to what negative information can be reported in a FICO score — lapsed gym membership, traffic tickets and library books unreturned that got sent to collections agencies were no longer fair game — as was any collections issue not initially related to lending. Possible Troubles.

Taxes 100

Taxes Report Data Lending 100

BankUnderground

JULY 29, 2020

However, the empirical literature, most prominently Heider, Saidi and Schepens (2019) , find that commercial banks generally do not push deposit rates to negative levels, so that negative policy rates compress banks’ net interest margins and hence their willingness to lend. Fiscal Policy. Debt financing may encounter limits.

Policies 106

Policies Lending System Tools 106

Abrigo

JANUARY 27, 2017

The good news for financial institutions that see SMB lending as a crucial part of their loan portfolio growth strategy is that small businesses are in need of capital. percent of banks surveyed do not offer the ability for business borrowers to submit a loan application online. According to a 2015 study from Barlow Research, 82.1

Online 150

Online Capital Software System 150

PYMNTS

JUNE 28, 2016

There are the traditional routes, like small business bank loans, and then there are the alternative and online lending sources. currently offers a positive climate of growth for small businesses, the majority of SMEs surveyed said they operated with a profit in the last quarter. Adding to the evidence that the U.S.

Capital 106

Capital Lending Survey Cards 106

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending.

Lending 195

Lending How To FDIC Survey 195

Abrigo

JANUARY 3, 2023

Construction lending from the ground up. During a recent construction lending webinar , lending and credit risk expert Dev Strischek of Devon Risk Advisory Group outlined the keys to construction loan success. Lenders should require at least one survey and include it as part of appraisal and title work before closing.

Lending 195

Lending Policies Survey Risk Management 195

PYMNTS

MAY 9, 2016

It’s a messy picture when leading surveys draw contradicting conclusions. BoA’s report pointed to the presidential election and its impact on small businesses, finding that 67 percent of survey respondents cite the race and its outcome as having at least a “somewhat” significant effect on their business.

America 100

America National Capital Survey 100

PYMNTS

JULY 6, 2020

34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based Attorney David Anderson releasing a statement last month noting that the shop “was not paying required payroll taxes for his employees” despite obtaining the PPP funding. based Crossland Employment Solicitors.

Fraud 148

Fraud Missouri California Report 148

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. Consumer Lender Life Lending Web Exclusives' FirstBank, which has $2.3 About the market.

Trends 70

Trends Community Lending Community Bank 70

William Mills

DECEMBER 12, 2017

In fact, a survey from Microsoft Store of 1,300 U.S. Between massive tax revisions and the end of net neutrality, small businesses are expected to struggle in the coming year, creating an opportunity for financial institutions to step in and provide real value. Think Quicken Loans® on steroids but for small business lending.

Conference 40

Conference Innovation Lending Customer Experience 40