by BETH MURPHY ORIGINALLY PUBLISHED ON CUINSIGHT.COM
Date: 01/21/21

The impact of the 2020 economic crisis and PPP loans on underwriting

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Business lenders have made a multitude of changes over the last year in response to the economic pressure induced by the pandemic as well as the Paycheck Protection Program (PPP). Now that a second round of PPP funding is underway it’s more important than ever to examine how this funding and the overall economic impact should be identified during underwriting for future business loans.

by TAMI CHANDLER ORIGINALLY PUBLISHED ON CUINSIGHT.COM
Date: 12/23/20

Participation loans: Great gift or a lump of coal?

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Loan participations are a great way for lenders to supplement the organic growth of their loan portfolios as well as diversifying their risk across different geographic regions and industries. However, these transactions are not free of risk. Being aware of the potential pitfalls can help you plan for and mitigate challenges.

by TAMI CHANDLER ORIGINALLY PUBLISHED ON CUINSIGHT.COM
Date: 11/25/20

Commercial loan review tips that create stability

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The initial process of qualifying a borrower for a loan is built on verifying their ability to repay the loan using the resources they have on hand, but reviewing their finances doesn’t end when the loan gets booked. If anything, 2020 has been a good example of how a borrower’s resources might change throughout the life of the loan.

by HEATHER BOSENKO ORIGINALLY PUBLISHED ON CUINSIGHT.COM
Date: 10/30/20

Small business lending will lead pandemic recovery

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Small businesses account for 48% of American jobs and 43.5% of GDP. They need to be a core focus of ecomic recovery.

by HEATHER BOSENKO ORIGINALLY PUBLISHED ON CUINSIGHT.COM
Date: 09/29/20

Refi business loans in a flash

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Much of the recent economic change has landed within the responsibilities of business service teams around the country. Everything from loan modifications to stimulus loans and extra high demand for refinancing. Read this to learn more about solutions that can alleviate many of the pain points associated with these transactions.

by HEATHER BOSENKO ORIGINALLY PUBLISHED ON CUINSIGHT.COM
Date: 09/11/20

Upgrade your business lending

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Although business loans are some of the most lucrative lines of business, many credit unions have invested in consumer-facing technology while largely ignoring the digital experience for business borrowers. The time has come for that to change.

by HEATHER BOSENKO ORIGINALLY PUBLISHED ON CUINSIGHT.COM
Date: 08/25/20

PPP forgiveness: Choosing the best covered period

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For borrowers with a potential loan payment looming, it can be tempting to rush into the PPP loan forgiveness process but making sure your members know how to choose the best covered period could actually help them get more of their loan forgiven.

by Heather Bosenko originally published on CUInsight.com
Date: 07/06/20

Prepare for PPP forgiveness

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If anything can be learned from participation in this program it’s that allowing proper time for preparation and considering how to create more efficient processes are the most important factors in being able to adequately serve members.

by Heather Bosenko originally published on CUInsight.com
Date: 07/15/20

The importance of choosing agile partners and vendors

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Over the last few months, everyone in the credit union industry has needed to look at their role and make changes. From tellers to executives, every person on your team has stepped up and committed to bridging the service gaps imposed by the need to physically distance. Have your partners stepped up in the same way?

Date: 06/24/20

Lucro Announces New CEO

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Official CEO announcement from Lucro Commercial Solutions

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