Tag: small business lending

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Top 10 Reasons People Love Credit Unions...

Since 1948, International Credit Union Day – a time to recognize the credit union movement – has been celebrated the third Thursday of October. The...

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Building a Generation of Relationship Bankers: One Bra...

By: Kyle Enger, Executive Vice President of Finagraph Small business remains one of the largest and most profitable client segments for banks. They provide low cost deposits, high-quality loans and offer numerous cross-selling opportunities. However, recent reports indicate that a majority of business owners are dissatisfied with their banking...

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What is behind the numbers?...

Do you really know where your commercial and small business clients stand financially?  I bet if you ask your commercial lending relationship managers they will say they do –  but do they really?  The bigger question is how you could be more tied into to your business clients so...

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Five steps to become a trusted advisor...

The follow blog is by Kyle Enger, Executive Vice President of Finagraph With the surge of alternative lenders, competition among banks is stronger than ever. But what exactly does that mean for the everyday banker? It means business owners want more. If you’re only meeting your clients once a...

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Experian and Finagraph collaborate to deliver faster l...

By: Mike Horrocks Experian has announced a new agreement with Finagraph, a best-in-class automated financial intelligence tool provider, to provide the banking industry with software to evaluate small business financials faster. Loan automation is key in pulling together data in a meaningful manner and this bank offering will provide consistent formatted...

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Small Business Application Requirements – part 1...

By: Joel Pruis Small Business Application Requirements The debate on what constitutes a small business application is probably second only to the ongoing debate around centralized vs. decentralized loan authority (but we will get to that topic in a couple of blogs later). We have a couple of topics that...

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Are you protecting your small business owner customers...

By: Kristan Frend Small business owners appear to be lucrative targets for identity fraud perpetrators, alarming banking institutions, payment processors, and B2B service providers. According to Javelin’s 2011 Small Business Owners (SMBO) Identity Fraud report, the cost of fraud and identity theft “hit SMBO constituents particularly hard. Javelin research uncovered what...

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New forms of small business identity theft...

By: Kristan Frend According to the 2011 Identity Theft Assistance Center Outlook (ITAC), new forms of small business identity theft are emerging. This shouldn’t be a surprise that criminals view small business accounts as a lucrative funding source. What is surprising is that the ‘new’ form of small business identity...

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Combating fraudulent shelf & shell companies...

By: Kristan Frend It seems as though desperate times call for desperate measures- with revenues down and business loans tougher than ever to get, “shelf” and “shell” companies appear to be on the rise. First let’s look at the difference between the two: Shelf companies are defined as corporations formed...

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Red Flags Rule and commercial accounts...

By: Kristan Keelan Most financial institutions are well underway in complying with the FTC’s ID Theft Red Flags Rule by: 1.  Identifying covered accounts 2.  Determining what red flags need to be monitored 3.  Implementing a risk based approach However, one of the areas that seems to be overlooked in...

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Small business fraud frequently overlooked...

By: Kristan Keelan What do you think of when you hear the word “fraud”?  Someone stealing your personal identity?  Perhaps the recent news story of the five individuals indicted for gaining more than $4 million from 95,000 stolen credit card numbers?  It’s unlikely that small business fraud was at...

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How are you treating your new potential customers?...

We know that financial institutions are tightening their credit standards for lending.  But we don’t necessarily know exactly how financial institutions are addressing portfolio risk management — how they are going about tightening those standards. As a commercial lender, when the economy was performing well, I found it much easier to...

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