SBA lenders have been working nonstop to help small businesses affected by COVID-19 get access to capital under the CARES Act signed into law last week for businesses via the Payroll Protection Program (PPP). Decipher’s team has been working around the clock and has developed an all-digital SBA PPP lender application and complete automated solution to process and approve businesses quickly.
Technology with sophisticated automation and workflow tools are allowing lenders to efficiently continue funding business owners through this critical time and allowing team members to work seamlessly from anywhere and be on the same page. Business owners can access their portal anytime for easy and efficient funding requests.
How can commercial lenders diversify to grow? Find out important insights shared by ABL industry experts at the Secured Finance Network’s 2019 Conference. Panelists included Robyn Barrett (FSW Funding), James Baugh (North Mill Capital), Steve McDonald (Global Merchant Fund), and Mark Tiggelovan (Advantage Business Capital).
While technology offers new and exciting ways to help factors work more efficiently, it also unleashes new methods to perpetuate fraud. Find out the most prevalent fraudulent methods in factoring, how they present, why they can be difficult to detect, and strategies to help avoid and catch them from the start.
The CFA’s Fintech and Innovation Forum in New York highlighted the most important trends that will affect the industry over the next 3 to 5 years. Find out what innovations will dominate the landscape affecting Asset Based Lending and how to stay ahead of the curve.
In the Feb 2019 issue of The Commercial Factor by the International Factoring Association (IFA), Decipher Credit’s founder, Raul Velarde, shares key ways commercial lenders can separate themselves from competitors in an increasingly competitive landscape.