Category: Business

The Shifting Role of E-Commerce in the U.S. Economy

The Internet’s impact on the U.S. economy is always growing. The share of online sales is slowly creeping up as the share of brick-and-mortar retailers continues to decline year over year. E-tailers See Growth A recent study by the Centre for Retail Research estimates that the online retail share of sales in the U.S. is… Read more »

What Type of Lender is Right for My Business?

When business owners or executives first realize the need for working capital, it can be difficult to know where to start. People often ask, “Should I call my local bank? What about non-traditional lenders? What’s the difference between the two?” We hear this all the time, and wanted to provide a resource to help! We… Read more »

Grad Students Take the Lion’s Share of Rising Student Loan Debt

Students getting college degrees are borrowing more money to complete their educations than they have in the past. Student loans have topped $1 trillion. A study recently released by the New America Foundation shows that student loan debt is outpacing all other types of loans except for residential mortgages. Students seeking advanced degrees comprise only… Read more »

Understanding Your Business’ Buying Cycle and Making the Most of It

Making sales is part of running your day-to-day business – it’s what brings in revenue and keeps the business moving forward. We all hope that customers come to us ready to buy, but in reality, there’s a lot more to it than that. The traditional buying cycle is broken down into three segments that your… Read more »

Crestmark Featured in ‘The Secured Lender’ Magazine

Asset-based lending and staffing agencies make good business partners. It’s something that we’ve known at Crestmark for quite some time. The Commercial Finance Association’s “The Secured Lender” magazine recently featured Crestmark’s West Division President, Pat Haney, and East Division President, Steve Tomasello, in an in-depth look at how and why staffing agencies and asset-based lending… Read more »

How Online Banking is Changing the Industry

Back in the day, people walked into their banks and stood in long lines to deposit checks or make withdrawals. With the birth of automated tellers, direct deposit and online banking, consumers have slowly withdrawn from face-to-face visits. Online banking is changing the industry and the role of bank branches has changed with it. While… Read more »

Economic Impact Abounds As NCAA Narrows to Final Four

March may be over, but the madness is in full swing as the NCAA tournament comes down to the Final Four. With barely a week to go in this annual fascination with college basketball, companies large and small are feeling the financial effects – some good, some not so much. Whether they’re plagued by employees… Read more »

Small Business Borrowing on the Rise at the End of 2013

The borrowing for U.S. small businesses increased near the end of 2013, which has analysts optimistic about the economic outlook for 2014. This increase, reported by the Thomson Reuters/PayNet Small Business Lending Index, measures the volume of finance lent to small companies. At 120.4 in October and 111.4 in November, this level is the highest… Read more »

Staffing for the Online Era

Staffing a business used to be a fairly straight forward process: a manager would receive a résumé, conduct an interview, and decide whether or not the candidate fit with the company. But as technology has advanced, the internet has begun to play a larger and larger role. From places like Elance to SITE, online staffing… Read more »

Four Ways to Know if a Business Line of Credit is Right for You

Starting a new business is not the only time an entrepreneur may look for help with financing. Some small business owners—especially those who operate seasonally—experience fluctuations in cash flow throughout the year. A line of credit can help to smooth over the ebb and flow of sales and cash flow throughout the year. A business line… Read more »