Commercial Collections Blog

Focus on Commercial Accounts

Capital Spending

The frequency of reported capital outlays over the past six months rose two points to 47 percent of all firms, three points above the 35 year record low. Of those making expenditures, 32 percent reported spending on new equipment (up two points), 16 percent acquired vehicles (up one point),and 12 percent improved or expanded facilities (up two points). Three percent acquired new buildings or land for expansion (down one point) and nine percent spent money for new fixtures and furniture (down one point). Not great, but showing some strengthening tendencies. The percent of owners planning capital outlays in the future fell one point to 18 percent because the environment for capital spending is not good.

Debt Financing

Perhaps you’re not especially enamored of your banker right now. About 70 percent of banks recently tightened their standards on loans to companies with less than $50 million in annual sales, according to a survey by the Federal Reserve, and more than 40 percent of the banks reported reducing credit lines for their small-business customers making Bankers out of small business and having to collect commercial accounts. Unfortunately, no business can afford a rift with its banker — especially in tough times like these. In fact, this is precisely the time to give your lender some special attention. “If you work on building a relationship, then, in the event that there is a bump in the road, you can approach it from a position of familiarity and understanding.

Tips to focus on commercial accounts

  1. Focus on accomplishing the vital few rather than the important many
  2. limit interruptions
  3. Make your requests specific
  4. Set due dates
  5. Delegate don’t abdicate
  6. Insist on less talk and more action
  7. Hire smart or work hard
  8. Ask for help
  9. Adopt a low tolerance for missed commitments
  10. Never give up!

Debt Collection News

  • Collectius Acquires a 350 Million USD Non-Performing Loan (NPLs) Portfolio From a Leading ...

    December 15, 2017
    ... (SEA) debt buying markets by acquiring a non-performing loan (NPL) portfolio from a major bank in the Philippines. The deal consists of 340,000 credit cards and personal loans with a total principal value of 350 million USD. Earlier this year Collectius acquired CJM Solutions, a debt collection agency ...
  • Collections Actions Tied to For-Profit-College Fraud Triggers Suit

    December 14, 2017
    WASHINGTON (CN) – Three states brought a federal complaint Thursday against the government for enforcing debt collection against students who were defrauded by a ... The agency also conducted extensive outreach to affected students, and requested that states undertake their own outreach efforts.
  • As the Cannabis Industry Continues to Grow CannaBIZ Collects Brings Solutions to the Table

    December 14, 2017
    No risk, no fine print, only effective debt collection services specifically designed for cannabis businesses. As a leading cannabis debt collection agency, CannaBIZ Collects is a proud member of the National Cannabis Industry Association and has worked with clients that include Way to Grow, Integrity ...
  • DeVos: Americans Must Pay Back Loans for Bogus Degrees

    December 14, 2017
    DeVos has also personally profited off student debt. Upon joining the administration, she disclosed and agreed to divest from holdings in Performant Financial Co., a debt collection agency. There is some small amount of hope that DeVos will still agree to get rid of some of the loans on a case-by-case ...
  • B2Holding buys EUR 271 mln bad loans from Raiffeisen Bank Romania

    December 14, 2017
    B2Holding entered the local market last year by acquiring the Bulgarian debt recovery firm Debt Collection Agency (DCA), which also had operations in Romania. Shortly after, B2Holding bought a portfolio of EUR 370 million from BCR, the largest lender in Romania based on assets. The Norwegian firm ...