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The resilience of small businesses: Insights for lenders

Abrigo

Businesses' working capital cycles are longer. In conversations with community banks and credit unions across the country, we’re hearing about a significant increase in line utilization, raising questions about both liquidity and credit risk. Companies need more working capital, but they’re still paying their suppliers as they should.

Lending 221
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Cannabis lending for financial institutions: Opportunities, risks, and best practices

Abrigo

Cannabis-related businesses (CRBs)spanning everything from cultivation to retailrepresent a market in need of lending services, from working capital to real estate and equipment loans. With the right approach, the rewards may outweigh the risks, creating opportunities for both financial institutions and the communities they serve.

Lending 195
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3 ways for community banks to capitalize on the “buy local” movement

Abrigo

Today’s youth and others across all age groups are placing a significant importance on consuming local food, developing local relationships and improving local communities. This is great news for community banks. A recent American Banker article discussed why the local food movement is good for community banking.

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Small business loan processing: Automate back-office tasks

Abrigo

Automation fosters efficiency, accuracy, and the support that community businesses need. But these businessesoften the backbone of their communitiesdepend on access to capital. It can automatically access credit scores and run loan details and borrower information against the financial institutions risk management policies.

Lending 195
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Food for Thought: A Policy on Credit Exceptions

Abrigo

When and how to cite credit exceptions A policy on credit exceptions can address many factors that can lead financial institutions to diverge from loan policy and miss signs of potential trouble. Takeaway 3 A credit exception policy should spell out what one is, when it can be used, and how to clear it.

Policies 195
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New Community Bank Sentiment Index Shows Bankers Largely Positive

Abrigo

Community bankers are largely positive about the future, based on the first results of a new index gauging business sentiment among the financial professionals who serve a critical role in local economies. These insights have the potential to inform the market and policy makers on the overall health of the economy, opportunities, and risk.”.

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Instead, we give those dollars to the community.”. Asset size: $1.36