Do Your Loan Approval Formats Lack Consistency and Flexibility?

Do Your Loan Approval Formats Lack Consistency and Flexibility?

The fact of the matter is that large financial institutions court high-value commercial loans. The average dollar amount of a small business loan from a big national bank varies depending on the source, but it’s well over half a million dollars. This number is...
CECL Compliance Challenges: Community Banks vs. Credit Unions

CECL Compliance Challenges: Community Banks vs. Credit Unions

While SEC registered financial institutions are readying for the current expected credit loss (CECL’s) implementation deadline in first quarter of 2020, community banks and credit unions are not far behind with their own planning and measures. As always is the case,...