Community banks must use personal connection to partner with small businesses
The rise of financial technology firms has been shaking up the world of banking and lending. Fintech firms last year made up 38%& of the personal loan market, up from 5%& in 2013, and are starting to focus more on small-business lending. And their impact is not just being felt locally. An Accenture report last…
Let’s Talk About Business Email Compromise
Business Email Compromises (BEC) have been on the rise as a key attack vector for a while now. A BEC is when a fraudster is able to gain access to your professional email. This compromise can range from reading your communications to locking you out and using your email to…
The Four Big Mistakes Owners Make When Selling Their Small Business
With optimism among small-business owners at its highest level in 35 years, profits buoyed by corporate tax cuts and financing readily available at low interest rates, this is the best time in years to sell a well-run company. Millions of Baby Boomer business owners want to sell to fund their…
Longer SBA Real Estate Loans Heating Up Business Property Market
A relatively new extended-maturity loan option from the U.S. Small Business Administration is heating up the real estate market among small businesses that are anxious to purchase properties while the economy is booming and interest rates remain low. In April 2018, the U.S. Small Business Administration announced changes to its 504 loan…
Tips To Avoid Becoming a Victim of Fraud
Trends in social engineering attacks Social engineering is on the rise, so it’s especially important to be vigilant against these attacks. The following are new trends in the world of social engineering: Vishing: The Internal Revenue Service (“IRS”) scam: The target receives a call, email, or a visit from a…