5 min read
FileInvite: Feb 8, 2024 11:33:29 AM
The Small Business Administration (SBA) lending program is an important resource for your financial institution because of its ability to distribute capital to small businesses and community members at favorable terms. In the 2023 fiscal year alone, the SBA delivered $52 billion in capital to businesses in the United States.
6 min read
FileInvite: Feb 7, 2024 2:39:09 PM
In 2023 alone, the Small Business Administration (SBA) approved over 57,000 loans totaling over $27 billion for small businesses. For small businesses, 7(a) loans can be a lifeline through uncertain economic times, and SBA Form 1919 is the gateway to 7(a) loans.
5 min read
FileInvite: Feb 1, 2024 12:19:17 PM
The Small Business Administration (SBA) assists small business owners throughout the development process. One of the most valuable services the SBA provides is financing for business expansion and asset procurement.
5 min read
FileInvite: Jan 30, 2024 12:02:33 PM
During the COVID-19 pandemic, the Small Business Administration (SBA) issued a total of 11.5 million loans to businesses through the Paycheck Protection Program, or PPP. The stated purpose of these loans was to allow employers to continue meeting their payroll expenses, but many businesses courted controversy by laying off staff and using the funds to buy cars, boats, and mansions instead.
5 min read
FileInvite: Dec 21, 2023 12:25:41 PM
Loan officers play a critical function in financial services, acting as a conduit between lending institutions and potential borrowers. Their primary role includes evaluating, authorizing, or recommending approval of loan applications for individuals and businesses.
6 min read
FileInvite: Dec 15, 2023 1:28:12 PM
In financial services, brokers in Small Business Administration (SBA) transactions help thousands of small businesses obtain the funds they need to survive and thrive. SBA loans provide a vital source of financing for small business owners across the United States, enabling them to start, grow, and sustain their operations. In the fiscal year 2023, over 57,362 SBA 7(a) loans were approved — with an average loan size of $479,685 — amounting to a total of $27.5 billion.
6 min read
FileInvite: Nov 22, 2023 2:13:12 PM
Following steep declines in 2020 and 2021, commercial lending is back on the rise, with total lending volume in the U.S. having recouped two-thirds of losses incurred after May 2020. Commercial lending encompasses various loan products designed to meet the needs of businesses. Among these, government guarantee lending programs like the Small Business Administration (SBA) and United States Department of Agriculture (USDA) loans stand out for their unique requirements and benefits. An important...
3 min read
FileInvite: Jul 28, 2023 11:10:51 AM
Data breaches involving clients’ personally identifiable information (PII) are on the rise for the third consecutive year. According to the IBM report - Cost of a Data Breach Report 2023, the average cost of a data breach in 2023 was USD 4.45 million. That's a 15% increase compared to the previous three years. Among breach vectors, email remains particularly problematic, with 3/4 of companies have experienced an increase in email-based threats.
3 min read
FileInvite: Feb 23, 2023 7:45:00 AM
In industries subject to information security regulations, such as finance, healthcare and education, transferring sensitive documents and personally identifiable information (PII) between clients and organizations is often both a time-sensitive and a time-consuming process.
2 min read
FileInvite: Dec 14, 2022 9:45:00 AM
DENVER, Colo.— Last month at the AmCham – DHL Express Success & Innovation Awards Gala in Auckland, New Zealand, FileInvite won the 2022 “High Growth Exporter of the Year to the USA” award.
4 min read
FileInvite: Nov 10, 2022 9:30:00 AM
Sending sensitive documents via email is familiar and convenient. However, convenience has many downsides, with the biggest being poor data security. If your staff still rely on emailing sensitive information and unencrypted documents, including those containing your customers’ PII and PIFI (Personally Identifiable Financial Information), then you are taking huge risks.
3 min read
FileInvite: Jul 28, 2022 9:15:00 AM
Digital transformation can be defined as the process of digitizing business operations through various technologies to maximize efficiency and manage information securely. Combined with automation technologies, digital transformation reduces time spent in rote processes and enables professionals across a number of industries to spend more time applying their skills and engaging with customers.
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