Bank Innovation

JANUARY 26, 2018

EXCLUSIVE – First SME loans, now tax preparation features, business software provider Intuit QuickBooks clearly has plans of becoming a comprehensive platform for its SME customers. Well, from an evolution standpoint this new tax feature sets the foundation to where we can […].

Taxes 247

Taxes Software Payments Lending 247

Gonzobanker

FEBRUARY 22, 2024

For bankers to be successful in the small business lending market, they need to execute on several key tenets: strategy, people, process and technology. Another key player for successful small business banks is the vice president of business lending, who manages the relationship managers and reports to the chief lending officer.

Lending 78

Lending Community Bank Community Strategy 78

PYMNTS

MAY 22, 2019

As relayed in recent coverage and interviews with Fundbox and Keeper Tax, the needs (and opportunities) are significant. trillion: Value of the small business lending market as estimated by the CFPB. 20 percent: Keeper Tax’s estimate of gig workers’ tax “overpayment.”.

Taxes 134

Taxes Lending Data Operations 134

Commercial Lending USA

MAY 22, 2023

Mortgage lenders that do not require tax returns are a great option for self-employed individuals or those with non-traditional income sources. These lenders typically use bank statements and other financial documents to verify income instead of tax returns.

Taxes 76

Taxes Lending 76

Abrigo

NOVEMBER 6, 2019

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. Going digital can help reduce the cost of small business lending and capture more member business loans. Talk to an expert.

Lending 150

Lending How To Community Community Bank 150

PYMNTS

DECEMBER 11, 2020

We did more loans in a two-month period than we did in 10 years of SBA lending combined," he said. "We Historically, traditional business lending is based on historical financial performance," he said. Right now, we've been taking a look at 2018 and 2019 tax returns. Reading The Tea Leaves.

Lending 233

Lending Capital Resources Taxes 233

PYMNTS

APRIL 28, 2020

The Federal Reserve is nearly ready to debut its new Main Street lending program, and it is reaching out to banks for advice, according to a report from CNBC. Rather than focusing on its usual goals of stabilizing the economy and keeping employment rates high, it is now looking at lending directly to companies.

Maine 184

Maine Lending Taxes Industry 184

PYMNTS

APRIL 16, 2019

Alternative small business lending platform Funding Options has criticized U.K. tax authorities’ approach to small businesses that fall behind on tax payments. The tax authority applied to close 4,160 businesses last year, reports noted. That’s an 11.5 That’s an 11.5

Taxes 108

Taxes Payments Phoenix Regulation 108

Payments Source

NOVEMBER 25, 2020

Just months after revealing it was testing lending directly to consumers through its Cash App, Square says it is buying the tax business of Credit Karma to bring tax preparation to Cash App customers.

Taxes 94

Taxes Lending Payments 94

American Banker

JANUARY 10, 2024

The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.

Taxes 71

Taxes Data System Fraud 71

Abrigo

AUGUST 28, 2019

Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. Importantly, the borrower can upload financial statements and tax returns from home or the office.

Lending 150

Lending Analysis Taxes Data 150

PYMNTS

MARCH 19, 2020

ACT said the banks’ program to lend directly to large businesses should be extended to include smaller firms. And, since the central bank has eased its rules governing capital buffers, ACT also advised speeding up lending decisions. The economic effects of the coronavirus are already taking a toll in the U.K.,

Lending 141

Lending Taxes Capital Report 141

PYMNTS

APRIL 16, 2018

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns.

Taxes 108

Taxes Data Lending Analysis 108

PYMNTS

JANUARY 5, 2020

India’s state-owned banks are going through changes that could mean an overhaul in business lending, The Economic Times (ET) reported on Friday (Jan. India’s biggest lender, the State Bank of India (SBI) , is now considering a move to a cash-flow-based lending model from the current asset-based model.

Lending 130

Lending Capital National Taxes 130

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14).

Lending 189

Lending Fintech National Taxes 189

PYMNTS

MAY 7, 2018

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 billion a year, reports from Xinhua said.

Taxes 100

Taxes Policies Conference Training 100

PYMNTS

JANUARY 25, 2017

The marketplace lending platform said Tuesday (Jan. Funding Options pointed to late B2B payments in particular as a key factor behind why small businesses are struggling to pay their taxes. tax body, reports noted, and also face the threat of tax collectors. 24) that SMEs in the nation owe nearly $3.25

Taxes 100

Taxes Payments Lending National 100

Abrigo

FEBRUARY 18, 2016

In this webinar, Sageworks is teaming up with Linda Keith CPA again to bring you more great information about tax return analysis. Linda has been a guest speaker on several Sageworks webinars that covered topics like Global Cash Flow , Red Flags for Tax Return Analysis and Making Judgement Calls for Tax Return Analysis.

Guidelines 150

Guidelines Analysis Taxes Training 150

Perficient

DECEMBER 1, 2022

Tax season was approaching, and Jane, a Financial Advisor employed by Faux Advisors Group, wanted to target clients and prospects that would benefit from using tax-aware asset allocation (moving high-yield assets to a tax-deferred or exempt account to help decrease taxable income).

Taxes 294

Taxes Customer Experience Marketing Compliance 294

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

SWBC's LenderHub

OCTOBER 20, 2022

In case you missed the first one, A Discussion About Equity and Inclusion in Lending , we are engaging in various conversations with real estate and real estate lending professionals regarding diversity, equity, and inclusion within our industries. Welcome to the second conversation in our Elevating Voices Series!

Texas 78

Texas Taxes Lending Community 78

American Banker

MARCH 12, 2024

The agency had intended to block access to tax data by most lenders on June 30 as part of a policy change that sought to protect taxpayer privacy. But drew broad opposition from the financial services industry.

Taxes 37

Taxes Data Policies Industry 37

PYMNTS

AUGUST 28, 2018

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. It was almost like a dam broke when the tax legislation got enacted,” said Steve Steinour, CEO of Huntington Bancshares Inc. “We As of early 2018, U.S.

Lending 100

Lending Taxes Rhode Island Regional 100

Abrigo

NOVEMBER 13, 2015

Banks involved in ag lending understand that the volatility of the industry – unpredictable weather patterns, variable commodity prices and more – can often lead to higher amounts of risk compared to other concentrations. By improving policies and procedures, banks can make better and more profitable ag lending decisions.

Lending 150

Lending Data Analysis Policies 150

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? In a recent American Banker. In a recent American Banker. Source: DeBanked ).

Lending 141

Lending Community Bank Community Data 141

PYMNTS

APRIL 3, 2018

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). While private investors have been generous in financing lending startups, IPOs have been scarce in recent years because of rising defaults among borrowers, as well as increased competition. which valued the company at nearly $4.5

Lending 116

Lending Fintech Atlanta Capital 116

PYMNTS

SEPTEMBER 12, 2018

In its monthly Small Business Lending Index, released Tuesday (Sept. When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement.

Lending 102

Lending Community Bank Taxes Community 102

American Banker

FEBRUARY 5, 2021

First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks.

Taxes 66

Taxes Texas Dallas California 66

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. But that might not be the best move for your financial institution or your community.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

MAY 21, 2018

According to Wall Street Journal reports, credit cards remain a lucrative form of lending, but they aren’t seeing much benefit from the Fed raising rates of late — as what small increases there have been are offset by competition from other lenders trying to steal customers with lower interest rates. Balances of the industry surpassed $1.03

Seattle 100

Seattle Taxes Cards Data 100

PYMNTS

FEBRUARY 8, 2018

Small business hiring may have petered out in January, but lending to SMBs certainly didn’t. The latest Biz2Credit Small Business Lending Index found SMB lending among large financial institutions (FIs) continued to climb, reaching a 25.3 percent approval rate in January.

Lending 108

Lending Taxes Regional Analysis 108

PYMNTS

OCTOBER 22, 2019

Recent short-term , or repo, lending issues have Sen. CNBC is reporting that Warren wrote a letter to Treasury Secretary Steven Mnuchin about the mid-September issues, including a deluge of corporate tax payments and settlements of government bond auctions, both of which have been a drain on a system that normally runs without hiccups.

Lending 101

Lending Regulation Taxes cryptocurrency 101

Abrigo

FEBRUARY 16, 2016

Financial institutions considering lending to nonprofits may want to be aware of these recent financial trends, as well as some of the ways lending to these organizations might differ from lending to for-profit businesses. Here are two mistakes to avoid when lending to nonprofits , according to the firm: 1. percent to $5.17

Analysis 150

Analysis Lending Community Bank Community 150

CFPB Monitor

OCTOBER 12, 2021

Hawaii recently enacted significant changes to its small-dollar lending law that repeals existing Hawaii law on deferred deposits and creates a new regime for installment loans. Illinois and Maine recently overhauled their small-dollar lending laws to target loans made using a bank partnership model. Although H.B.

Hawaii 78

Hawaii Lending Illinois Taxes 78

Abrigo

JUNE 14, 2016

Loan officers and the chief lending officer can play a role in protecting asset quality during the sales and application process, particularly during times of rapid loan growth. Here are three ways that the lending department can proactively help manage credit quality. Request a consistent set of product-specific documents.

Lending 150

Lending Examples Taxes Resources 150

Banking Exchange

OCTOBER 18, 2021

Joint letter is part of regulatory body’s push to reject proposal Compliance People Fair Lending Compliance Management Compliance/Regulatory Feature3 Feature Duties.

Taxes 78

Taxes Groups Compliance Report 78

MyBankTracker

MARCH 24, 2021

The 2021 tax season is likely to stand out from previous years as many Americans might need their tax refunds more than ever. According to a recent MyBankTracker survey, Americans are most likely to put this year’s tax refunds into savings, which may not come as a surprise. percent) of a tax refund for the 2021 tax season.

Taxes 52

Taxes Survey Study United States 52