UMB Bank’s Post

📣 Have you checked out our must-read blog post: "How to Build a Proven Debt-Collection Strategy That Works?" 🔍This insightful article reflects GDS Link's dedication to developing compassionate, efficient, and effective debt collection methods. Highlights include: ✔️ Understanding the challenges faced by financially struggling customers. ✔️ Effective methods for enhancing debt-collection processes. ✔️A thorough guide to building a successful collection strategy, crucial in today's economic landscape. 📖 Explore the Full Article Here: https://lnkd.in/gvZfM3t5 💬 We're excited to hear your feedback and discuss how these strategies can benefit your business! Schedule a call here: https://lnkd.in/gET_9-pK

A new Bank of America Report shows California business owners are more confident than national peers, and are utilizing digital/AI more. The 2024 Bank of America Business Owner Report captures the latest trends, challenges and opportunities business owners are facing right now and their outlook for the rest of 2024. The report surveyed business owners in California and across the nation. A key finding was that while the majority of businesses expect revenue growth and are confident in the year ahead, business owners’ outlooks varied by the size of their business: 75% of mid-size business owners expect the economy to improve over the next 12 months, while just 33% of small business owners expect the same nationally.  https://lnkd.in/gVk5tUde

Shocking and positive statistics from Shawbrook Bank and the Institute of Directors reveal a concerning trend in the business world. Half of small business owners had to dip into their savings to fund their companies due to lenders not meeting their needs, while business confidence hit a 3-year high. These reports reflect the challenges faced by business owners seeking growth opportunities amidst cash flow constraints. Many lack awareness of alternative financial products and lenders that could provide crucial support in such situations. Specialized knowledge is essential for navigating the commercial financial market, especially for SMEs unaware of available options. As a specialist in finding solutions for businesses, I assist clients in exploring tailored financial products without charging them. Before resorting to tapping into your savings or risking business loss, reach out to start a conversation. Message me, call 07557 980473, or email jerry@bftrust.co.uk to discuss your financial needs and explore viable options.

Are you worried about how rising interest rates 📈 might affect your business's bottom line? I remember a time when my own business faced a sudden rise in interest rates. It was a challenging period, but it taught me valuable lessons in financial strategy. Here’s how you can adjust your approach based on those experiences: ▶ Refinance loans to lock in fixed rates and avoid future cost increases. ▶ Adjust pricing to reflect higher costs without losing competitiveness. ▶ Negotiate with lenders for more favorable terms to save on interest costs. ▶ Explore alternative financing options like equity or grants to diversify funding sources. ▶ Identify and reduce operational inefficiencies to cut unnecessary costs. ▶ Utilize financial management tools for real-time insights and decision-making. ▶ Stay updated on economic trends and adjust strategies as needed. These steps, learned through my own experiences, can help you manage the impact of rising interest rates and keep your business resilient. #InterestRates #FinancialStrategy #CashFlowManagement #BusinessGrowth #FinancialPlanning #ImportExport

Cash flow is king, but keeping track of it can be challenging. Here are some tips for managing your cash flow better from Kaylyn Houston at U.S. Bank - https://lnkd.in/g-WDN6iN

𝗕𝗿𝗲𝗮𝗸 𝘁𝗵𝗲 𝗖𝗵𝗮𝗶𝗻𝘀: 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗟𝗲𝗻𝗱𝗶𝗻𝗴 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀🔗 Struggling with the confusing lending standards that dictate your business’s future? You're not alone👊. Many business owners face this daunting challenge, leading to unnecessary stress and frequent loan rejections. This not only breeds frustration but also stirs anxiety about your business’s future, as you might face repeated loan rejections or feel pressured to accept unfavorable terms. But what if you could demystify this process and approach lending with confidence? Let's simplify this together with some clear, actionable steps:⬇️ ▶ Understand Your Financial Standing: Use clear, simple financial scoring tools like Connex Markets’ that explain how lenders see your business. This will help you understand what lenders are looking for. ▶ Learn More About Finance: Participate in Connex Markets' workshops and webinars designed to simplify the complexities of finance for you. ▶ Improve Your Financial Knowledge: Enroll in Connex Markets' programs that demystify crucial financial metrics and lender expectations. This practical knowledge is vital for strengthening your loan applications. ▶ Assess and Improve: Regularly use assessment tools to check and boost your business’s financial health. These insights can make your business more appealing to lenders. By following these steps , you can change overwhelming loan applications into opportunities for your business to grow and prosper. How are you managing the complexities of loan applications in your business? Drop your insights below. 💬 #business #smallbusiness #bankingindustry #partnerships #lending #finance

Imagine you’re holding onto valuable stocks, bonds, or ETFs—whether they’re soaring or underperforming—but you need quick cash for a new opportunity. Selling could mean losing ownership, but you can borrow against your investments with securities-backed lending instead! 💼 Why Consider Securities-Backed Lending? Lower Cost of Capital: Interest rates on these loans are typically lower than unsecured loans, easing your financial burden. Avoid Dilution: Retain your ownership and control without issuing more shares. Non-Recourse: If you default, only the collateral securities are at risk, not your other assets. Let’s connect and navigate this financial strategy together! 💬

It’s Small Business Week, which means we’re celebrating your many achievements. As small business owners you are often unsung heroes, pillars of your community, opportunity providers, and the backbone of our economy.  Through Live Oak’s annual Voice of the Customer survey, we saw that many small business owners are preparing for headwinds in 2024, from rising interest rates to staffing challenges. This year's survey also reveals a shift in focus from expansion to building financial resilience. That's why we leverage the insights from our survey to understand your needs and tailor our lending solutions. Download our full survey results here to learn more about what small businesses expect to see in 2024: https://lnkd.in/ggTqS_3h #RIA #Advisor #Acqusitiom #Succession #Refinance #Loan #Lending

𝐈𝐦𝐚𝐠𝐢𝐧𝐞 𝐭𝐡𝐢𝐬: You're sitting across from a client who's drowning in financial uncertainty. They’re stressed, overwhelmed, and unsure where to turn next. But what if, instead of more stress, you could offer them a lifeline — a way to transform their challenges into a success story? At Fifo, we're more than just a lender. We’re here to support you and your clients. In today’s slower market, brokers and advisers have a unique opportunity to step up and add real value, and we can help you do that. 𝐖𝐡𝐚𝐭 𝐰𝐞 𝐝𝐨: We offer flexible revolving facilities that align with each business's unique cash flow cycles, providing a tailored approach that goes beyond traditional business loans. In conditions like these, having these tools ready is crucial for navigating a recovering yet uncertain market — giving businesses the flexibility to grow or safeguard when necessary. 𝐇𝐞𝐫𝐞’𝐬 𝐡𝐨𝐰 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐦𝐚𝐤𝐞 𝐚 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞: 1. 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐬𝐞𝐝 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: Work with us to design financial solutions using payables that fit each business’s specific needs, ensuring flexibility and consistency. 2. 𝐏𝐫𝐨𝐚𝐜𝐭𝐢𝐯𝐞 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡: Engage with your clients about potential cash flow challenges now, helping them avoid bigger issues later. This proactive strategy not only stabilises their finances but also positions you as a crucial partner in their success. If you want to transform this quieter market into an opportunity, reach out to me directly to discuss how we can collaborate to support your clients and achieve a win-win-win scenario. 𝐏.𝐒. I've been told by the team that I've got some useful insights to share, so you might see me posting a bit more often. If you find these posts helpful, let me know! And if not, well, maybe we can call it a day. Either way, I'm here to share and learn. Let me know by DM or in the comments. #Domore #Winmore #Growmore