Don't miss Teslar's next webinar about how YOU can be more effectively managing your loan portfolio! Sign up today to learn how your loan portfolio management and maintenance request processes can be streamlined to allow you to focus more on your customers, not paperwork.
Traditional thinking says that the risk banks make lending to small companies rarely outweighs the profits. Recent relationships between the small business community and fintech startups are causing lenders to reevaluate this line of thought.
Teslar Software works to build a relationship, a love story if you will, by partnering with community financial institutions to create highly efficient banks. Why do our customers love Teslar? Here’s what just a few of our amazing customers have to say about Teslar.
In July 2016, in the small town of Duncan, Arizona, the last bank branch in the town closed its doors. They direct traffic to their nearest branch… 40 miles away. It is a popular belief nowadays that bank branches are on their way out and digital banking is taking its place, but are we looking at the whole picture? Don’t community banks offer a lot more to the communities they serve than just a place to make deposits?
The ICBA LIVE 2020 Conference is in less than a month and we could not be more excited! We're thrilled to have the opportunity to spend a few days in sunny Orlando, FL. Prior to the conference, we will be conducting a quick 30 minute webinar to introduce community bankers to Teslar.
The Bureau of Economic Analysis recently released its advance estimate for the United States GDP for the fourth quarter of 2019, as well as the entire 2019 calendar year. They estimate real GDP grew at an annual rate of 2.1% in Q4 and 2.3% over the entire year. There were gains in both consumer spending and residential investment, a good sign for future economic expansion.
First Principles thinking is an idea popularized by entrepreneur Elon Musk, although it has roots with other minds like philosopher Aristotle, inventor Johannes Gutenberg, and military strategist John Boyd.3 First principles thinking is like taking a scientific approach to your thought processes. A first principle was defined by Aristotle as, “the first basis from which a thing is known.”3 As Musk describes, “you kind of boil things down to the most fundamental truths […] and then reason up from there.”2
Information abounds about the need for physical health. Our society is largely driven by physical health and fitness, and yet, we still see heart disease, stroke, cancer, and diabetes on the list of top causes of death.4 Common advice stays constant: eat right, exercise, avoid smoking and drinking. But is it possible that physical health reaches beyond just these few lifestyle choices? Research suggests that finances also play a role in a person’s physical and mental fitness.
Although there was a slight dip in December, the NFIB (National Federation of Independent Business) Small Business Optimism Index saw one of the highest yearly survey readings in 2019 since the creation of the survey in 1973. According to the December survey results, “an increased number of small business owners reported better business conditions and expect higher nominal sales in the next three months,” and “small businesses continued to hire and create new jobs with actual job creation.”
Teslar has an upcoming webinar that you do not want to miss! Sign up for a quick 30-minute webinar to learn how your construction management processes can be streamlined to allow you to focus more on your customers, not paperwork.