Community banks, by their very nature, tend to have higher concentrations of commercial real estate (CRE) loans than larger institutions. Any concentration in certain types of loans, borrowers or collateral…
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Relatively high interest rates and tight lending standards are making it difficult for even for-profit businesses to apply and qualify for bank loans. But not-for-profits, which may lack adequate collateral…
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The IRS has been cracking down on unethical practitioners who help their clients obtain Employee Retention Credit funds. Recently, the IRS put a freeze on processing all ERC claims until…
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In an era where financial transparency is paramount, the Corporate Transparency Act (CTA) stands out as a significant legislative move. Enacted in 2021 as part of the National Defense Act…
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Ideally, a not-for-profit’s board of directors should mirror that of its community and clientele. Does yours? Identifying that your board needs more diversity is the easy part, though. Figuring out…
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Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out of a traditional IRA…
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