It’s Time to Revisit the Burdens of SOX
During the first six months of President Trump’s administration, the focus on deregulation has been centered on repealing or revamping Dodd-Frank. The rhetoric driving the deregulation push is job creation and economic growth; however, Dodd-Frank is centered more on consumer protection and repealing it would likely have a minimal impact on job creation and economic growth.
Using Dashboard Reports to Keep Your Loans on Track
When a company is floundering or in between reporting periods, it’s helpful for lenders to have access to a quick report that simplifies financial information into an easy-to-read summary. Dashboard reports provide the essentials to help lenders take the necessary steps to shore up or salvage a loan. However, nothing can replace yearly full and comprehensive financial statements from borrowers.
Small Business Corruption: Know Warning Signs
In 2016, the Association of Certified Fraud Examiners reported that it takes 18 months for companies to uncover fraud schemes — and corruption in particular produces a median loss of $200,000. Left undetected, corruption has the potential to threaten a company’s ability to continue as a going concern. This article lists some warning signs lenders need to be aware of to help borrowers prevent corruption and fraud.