Serving credit professionals everywhere...since 1899
|
|
Welcome Message from our President & CEO, Jon Flora
|
|
Upcoming Events
See what's happening this
month...
and beyond
|
|
 |
Industry Groups
NOTE: All Group meetings will be online until the Coronavirus subsides
.
Puget Sound
Thursday, 4/9
11:30 Floor -- ONLINE
Wednesday, 4/15
11:00 Tacoma Construction -- ONLINE
1:00 Food -- ONLINE
Thursday, 4/16
11:00 Wholesale Electric -- ONLINE
1:00 Eastside Construction -- ONLINE
Tuesday, 4/21
11:00 a.m. HVAC -- ONLINE
Alaska
Wednesday, 4/15
1:00 (AKDT) Alaska Suppliers -- ONLINE
Hawaii
Tuesday, 4/21
11:30 (HST) Hawaii Hospitality -- ONLINE
Friday, 4/21
11:30 (HST) Hawaii Building -- ONLINE
|
|
|
|
Education and Events
Thursday, 4/9; 10:00 - 2:00 PDT
Tuesday, 4/21; 11:00 a.m - 12:00 PDT
Tuesday, 4/23; 12:00 PM - 1:00 PM PDT
Thursday, 5/5; 10:00-2:00
;
POSTPONED
Lien Seminar with David Linville
Conferences
April 16-17,
Tempe, AZ
-
RESCHEDULED
July 16-17
June 14-17. Las Vegas
September 23, Las Vegas
|
|
|
|
|
|
The multitrillion-dollar Coronavirus Aid, Relief, and Economic Security Act, complete with various
Small Business Administration
loans, tax fixes and other aid to companies of all sizes, is merely to buy time in the hopes that the economic damage caused by the spread of the novel coronavirus can be reversed quickly when it ends
. Know your options before you contact your friendly banker and begin the process that has already
The following links will help you understand your options.
|
|
|
|
|
Step-by-Step guide for emergency loans
|
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated
$350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the
initiative provides 100% federally guaranteed loans to small businesses.
Importantly,
these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
The administration soon will release more details including the list of lenders offering loans under the program. In the meantime, the U.S. Chamber of Commerce has issued this guide to help small businesses and self-employed individuals prepare to file for a loan.
|
|
|
|
|
Model your cash needs & evaluate your financing options
|
As small businesses reel from the business disruption caused by the COVID-19 pandemic, it’s important to know the cash needs of your business over the coming months and the financing options available to you.
One compelling option is the Small Business Administration’s 7(a) loan expansion, which was part of the newly signed CARES Act. It’s recommended that all small businesses with under 500 employees consider applying for the loan if you’ve experienced business disruption as a result of COVID-19. Read more from our friends at:
|
|
|
|
|
Understanding The New "Fast-Pass" Small Business Bankruptcy Process
|
On February 19, 2020, the Small Business Reorganization Act of 2019 (SBRA) took effect.
The SBRA added a new subsection to Chapter 11 of the Bankruptcy Code, so creditors may hear it called Subchapter V. It creates a faster and less expensive Chapter 11 reorganization path for small business debtors. Since it's been effective for less than a month, we don't yet know how everything will work in practice. The SBRA includes many new provisions, but here are the key differences from a regular Chapter 11 that creditors should keep top of mind. For more, click below:
|
|
|
|
|
Export Credit Insurance - EXIM Bank
|
Businesses across the U.S. are doing what they can to maintain sales, but relying upon receivables from customers in Europe, Asia or even South America may seem like a risky proposition. If you’re concerned that overseas customers may begin to slow-pay on receivables or, worse, go out of business, there are government-sponsored programs in place that can help.
Export Credit Insurance
protects you from these scenarios and more, reducing the risk of buyer nonpayment and allowing you to commit to export sales without fear of loss during the Coronavirus pandemic.
|
|
|
|
|
What does the Coronavirus mean for business?
|
You’ve probably seen the coronavirus affect your life by now.
And if you’ve been watching the markets — which have been
tumultuous
, to say the least — you’ve probably realized the coronavirus is having a big impact on the business world, too.
Over the coming weeks and months, few aspects of business won’t be affected to some degree by the coronavirus.
|
|
|
Presenter:
Nannette Bringard
Credit Manager
Breakthru Beverage Nevada
|
|
Monthly Online Webinar -
FREE
Note Date Change!
April 23
@ 12:00 PM - 1:00 PM
|
This webinar is essential for providing tools to the Credit Manager on how to keep their team focused and efficient. Topics include: hiring and firing essential personnel, monitoring the A/R portfolio, working with sales personnel for a consistent message, enforcing corrective actions the customer, setting credit limits, and many more. Please join us to keep your toolbox up-to-date.
Join us on
Thursday, April 23rd
for a
FREE
hour long live webinar.
12:00 - 1:00 PDT
10:00-11:00 HST
11:00-12:00 ADT
1:00 - 2:00 MDT
Registration is required. Log-in will be provided when completed.
|
|
|
The Monthly Webinar Series is a collaboration of:
NACM Business Credit Services
Credit Management Association
Southwest Business Credit Services
NACM Heartland
|
|
|
|
April 9 @ 10:00 AM - 2:00 PM
|
In this quick hitting Power Hour, students learn about many of the useful tools available in Microsoft Office 365 and how they apply to today's business.
|
|
|
|
|
(Online Training Course)
April 21 @ 11:00 AM - 12:00 PM
|
In this Power Hour, students learn about many of the useful tools available in Microsoft Office 365 and how they apply to today's business.
|
|
|
|
|
Market Pulse: Impact of Current Environment on Credit Scores and Reporting
Wednesday, April 8, 11:00 a.m. PDT
|
In today’s uncertain economic environment, there are many questions as to the impact on both consumers and businesses alike. To help our customers navigate through the current economic situation, Equifax has introduced a new Market Pulse weekly webinar series to deliver timely and relevant insights on the economy, and consumer and commercial credit.
Join Equifax and guest speakers from key score providers as we focus on the potential impact on credit scores and credit reporting as a result of the recently signed
CARES Act
. We’ll address common questions lenders and other service providers are asking in the wake of this legislation.
|
|
|
|
|
Lien Law Seminar
BEING RESCHEDULED - STAY TUNED
|
Y
ou've been asking for it! Now we have it!
David Linville of the Linville Law Group will be presenting a Lien Law Seminar on April 9th. He'll start with the basics of lien law on through to covering public works projects and more complicated issues.
This is always a great program for rookies and veterans alike. Sign up today.
May 5th
10:00 a.m.- 2:00 p.m. including lunch
Interurban Hotel, Tukwila, WA
Member price: $150
Non-member price: $200
Note: Date is subject to change due to Coronavirus
|
|
|
Courses Include:
Building & Managing a Power Credit Dept.
Phone Power Collections
The Holistic Approach to Improve Cash Flow
Generation What?
Bridging generational gaps in the workplace
21st Century Global Credit Professional
Secrets of Success
|
|
8 Online Professional Courses
FREE through the end of April
|
How can you be prepared for something as sudden, widespread, and rare as a pandemic? Admit it, you can’t.
What you CAN prepare for, is what happens next…tomorrow, next week, next month, next year, and beyond. COVID-19 has significantly impacted all of our lives, personally and professionally. For all of you credit
warriors who are fighting battles on your companies’ financial front lines, the team at CFMTI wants to arm you with as many tools and resources as possible.
From now through April 30, 2020, you and your staff will have
complimentary access to all online courses available on CFMTI. An enormous thanks to all the instructors who
are generously sharing their experience, knowledge, and wisdom for the benefit of the credit community, and thanks to NACM BCS for getting the word out to its members. Be prepared with the knowledge and training
to rise to the challenges ahead.
|
|
|
|
|
It's an unnerving time in our world. But now is also the time to call us for help with Collections, Bankruptcies and Receiverships.
We're ready to help. Call NACM Business Credit Services today
|
REASONABLE RATES.
PROFESSIONAL SERVICE.
800-423-5710
|
|
|
|
|
“UTA has been assisting NACM BCS Members with Payment Processing since 1996 ... and we have every intention of continuing to so through the COVID-19 crisis. We are here to help”
said Dean Middleton, President of United TranzActions.
As businesses, families, and communities are affected by the COVID-19 pandemic, UTA is committed to providing you with alternate payment channels that help reduce face-to- face interactions by offering contactless payment options.
Whether you have an immediate payment processing concern or if you have been thinking about reviewing your existing processes, now is the time to let UTA help.
Call us at NACM BCS for more information.
800-423-5710
|
|
|
|
|
Working Remotely During COVID-19
Your Mental Health and Well-being
|
Many are teleworking full-time for the first time, isolated from co-workers, friends and family. Our daily living routines are disrupted causing added anxiety, stress and strain - physically, mentally, and financially. It is completely natural for this disruption and uncertainty to lead to anxiety and stress.
Learn how to deal with the challenges:
|
|
|
|
|
Fidelity: 9 things to know about the COVID-19 stimulus package
|
One of America's largest manager of retirement funds and other investment portfolios offers a look at the highlights of the Federal Stimulus Package from a personal viewpoint.
|
|
|
|
|
Looking for a job or trying to fill a position in your company?
|
Take advantage of the
Job Center at
nacmbcs.org. You will
find current listings as well the opportunity to
post your openings. It's a free service that comes with membership in NACM BCS.
|
|
|
Meet the NACM BCS Therapy Staff
|
|
While we endure stay-at-home incarceration, our in-home assistants are at the ready to serve and help us get through the Covid-19 challenge. To bring a bit of happiness to an otherwise difficult time, we are pleased to share our personal hospitality experts:
|
|
|
|
|
Chris Cornell Cody Foster
|
|
NACM Business Credit Services
|
Serving commercial credit professionals.
Since 1899
|
|
|
|
|
|
|
|
