The commercial lending industry is facing a period of flux heading into 2023. The long recovery from the pandemic is finally settling down and the businesses that survived are getting back to their normal operations.
Technology has revolutionized the way we live our lives. It's also impacted every single industry, from retail to the commercial loan industry. And with the advances in technology, many commercial loan officers are under constant pressure to utilize their tools to originate more loans quickly and efficiently.
Discover the business acronym EBITDA, why you should know it, how to calculate it and how automated spreadsheet software can simplify the process.
Digital tools and automation are becoming standard in all industries, including financial services, like commercial lending. Robotic process automation (RPA) promises to maximize efficiencies across operations by using easy-to-use, no-code software that is able to glean data and generate insightful reports or accomplish menial tasks like data entry and synchronization.
Financial services credit unions are often underutilized by businesses looking for commercial loans. Especially small, local businesses, who may benefit from the better rates, flexibility and personalized touch that credit unions are known to provide.
Commercial lenders need to assess a ton of financial information to get a clear picture of a company’s solvency. It can take up to a month or longer for banks to complete the process. Somewhat counterintuitively, the process can take even longer for small business loans. That is when automated spreading comes in to transform…
Go deeper into the origination process, faster.
Contact UsThe small business loan is over $750B annually, according to their 2020 reporting. These loans range from their signature government-backed 7(a) loans to microloans, and the funds can be used for business expenses from opening or expanding a business to equipment repairs to employee wages.
With this software, you can be confident that you're making the best possible lending decisions for you and your business. Let's take a look at everything else you need to know about decisions.
Let’s explore into what automation can do for your commercial lending business.
Learn more about how these four innovative commercial lending platforms are revolutionizing the lending industry as we know it and how each can save significant time and money for your business.
Commercial lending is one of the most important aspects of any financial institution. Through this lending practice, banks can provide much-needed capital to businesses to help them grow and expand. Whether it's acquiring a company that provides financing for small businesses or a fintech startup with cutting-edge financial statement spreading software, commercial bank acquisitions are one…
If you are a lender wondering about the state of the real estate market, there is a lot to be aware of in 2022. With little doubt that the economy is heading toward a recession, the real estate market will be affected in numerous ways.
