Allowing customers to extend their payment deadlines by 30, 60, 90 days or more is akin to extending an interest-free loan at your expense. While it may seem like a small concession in the short term, ...

The Small Business Administration would be mandated to send many loans made under the Covid Economic Injury Disaster Loan program to the Treasury Department for collections under legislation put forth ...

A newly issued report highlights the long tail the SBA has when it comes to dealing with the aftermath of programs that kept many businesses afloat during the pandemic. The Small Business ...

Assign collections tasks to dedicated back-office staff — not customer-facing employees or founders — to preserve positive customer relationships and position your business as organized and robust.

When the Covid pandemic shut down his entertainment booking agency, Sleeping Giant Music, in 2020, Freddie Harb faced financial ruin. With concerts and live events largely on hold, the San Diego ...

In a move designed to simplify the process for small businesses to get loans, the Small Business Administration (SBA) is not only increasing the number of lenders, it’s allowing banks to make ...

Amber Bond has worked in the commercial lending space for 14 years, working with community banks, CDFIs and other mission-focused lenders. She has a specialty in loan guaranty for small businesses, ...

Sen. Joni Ernst, R-Iowa, said the Complete Covid Collections Act would help recover billions of dollars. The Small Business Administration would be mandated to send many loans made under the Covid ...