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Delve into the intricacies of loan management system features in our latest blog post. Discover how these key aspects enhance lending efficiency and profitability. Your feedback is highly valued. #LendingSolutions #LoanManagement #FinanceTechnology #HenryAbenaimBlog https://lnkd.in/eA35A5_P

Inefficient loan file management can be costly, especially for banks and credit unions that rely heavily on paper loan files, checklists, and manual ticklers. What administrative tasks are bogging your financial institution down? https://lnkd.in/gWyziBq7

One of the most common misconceptions with business owners is that their personal credit file has no affect on their ability to get business finance. Not the case. Lenders will often look at the applicant's personal credit file, especially when a personal guarantee is required as part of the facility security. Here we take a look at how your personal credit file can affect you when looking for asset finance. #assetfinance #personalcredit #businesslending #cashflow https://lnkd.in/euaA8tKF

Whether your financial institution is brand new to commercial lending or relatively experienced, developing a well-defined imaging strategy is key to managing risk and ensuring operational efficiency. This introductory guide highlights several tips and best practices to get started with commercial loan imaging. https://lnkd.in/gRziEkMe

The adoption of temporary increase tranches in subscription credit facilities represents a significant evolution in the subscription finance market, offering enhanced flexibility and efficiency for both borrowers and lenders. In this Legal Update, my colleagues Kiel Bowen, Chris Ellis and I explain the benefits of temporary increase tranches and explore some potential complexities and unsettled issues relating to temporary increase tranches so lenders and borrowers can be prepared when negotiating and drafting terms.

Commercial brokers. Do you ever think there shouldn’t be THIS much back and forth? Between chasing down paperwork and approvals from lenders, switching between software tools to find the answers you need, and ensuring you give timely updates, it feels like there are not enough hours in the day. Let alone trying to provide valuable advice to your clients, who, let’s be honest, can add to your load with expectations of a lightning-fast result. It shouldn’t be this hard. With 90+ years of combined commercial lending experience, we get it. It’s why we’ve created a user-friendly platform to speed up the loan process and remove unnecessary headaches. Ready to work less and win more? Start your trial at https://zurl.co/qIvK

No! Revenue-based financing won't affect your credit score! In the dynamic realm of financing, a robust credit score quietly serves as a cornerstone for a company's financial success. This score holds sway not only over loan accessibility but also in fostering credibility with partners, suppliers, and investors. Let's delve into some methods for shielding and elevating your business credit rating. https://lnkd.in/dRWXsBin

As we reached out to expense management software, accountants, and financial advisors to partner with to use our software to assist their clients with loans or have the capability directly on their websites, we 𝗱𝗶𝘀𝗰𝗼𝘃𝗲𝗿𝗲𝗱 𝗮𝗻 𝗮𝗹𝗮𝗿𝗺𝗶𝗻𝗴 𝗶𝘀𝘀𝘂𝗲. 𝗧𝗵𝗲𝘆 𝗮𝗿𝗲 𝗯𝗲𝗶𝗻𝗴 𝗰𝗹𝗶𝗰𝗸𝗯𝗮𝗶𝘁. Some of them are partnering up with lenders or loan brokers with little knowledge of the loan processes and loan types. E.g Buy-now-pay-later (BNPL) is an often misused term. BNPL is generally meant to be interest free and late fees apply. But because of its popularity among consumers, even some smaller business lenders have started marketing invoice financing and term loans as BNPL. p.s There are real business BNPLs offered by lenders, but a few people we talked to are all coincidentally working with lenders where it charges an upfront fee, making it essentially invoice financing. So the intermediaries are being click-baited and they're now unknowingly perpetuating it to their customers. All you need is one customer who has taken up the correct loan type to wonder if are you pulling a fast one when you are just trying to provide a value-added service. Here is a list of articles we have about to shed some light on these issues. Spend a couple of minutes to read them & reduce your risk of falling victim to these malpractices. https://lnkd.in/gYrwpeBg https://lnkd.in/gfea4sw2 https://lnkd.in/gnqBx_Rm

Tired of juggling endless stacks of paperwork? Losing valuable time to repetitive tasks like reading, uploading, scanning, and filing paper application forms? Centralize all of your information and make it easy for borrowers to submit applications from anywhere using CDP’s loan application template. Check out our breakdown on creating a digital loan application to get started: https://hubs.la/Q02Gj2S20

The adoption of temporary increase tranches in subscription credit facilities represents a significant evolution in the subscription finance market, offering enhanced flexibility and efficiency for both borrowers and lenders. In this Legal Update, we explain the benefits of temporary increase tranches and explore some potential complexities and unsettled issues relating to temporary increase tranches so lenders and borrowers can be prepared when negotiating and drafting terms. Read here: https://lnkd.in/geDyEqaM   #FundFinance #PrivateEquity #MayerBrown