Words From The Efficiency Experts

Oil Prices Fall Below Zero – What Does That Mean?

Posted by Bethany Wood on Mon, Apr 27, 2020

On Monday (April 20th) oil prices reached below zero for the first time ever at negative $37 a barrel, meaning traders were paying money to get people to take oil for the month of May. A recent article from NPR says, “It’s a sign of just how imbalanced the global oil markets are.”

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UPCOMING WEBINAR: Are You Effectively Managing Your Deposit Portfolio?

Posted by Teslar Software on Thu, Apr 23, 2020

Sign up for a quick 30 minute webinar to learn how your deposit portfolio management and maintenance request processes can be streamlined to allow you to focus more on your customers, not paperwork.

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Preparing for Round 2 of PPP

Posted by Bethany Wood on Wed, Apr 22, 2020

Just thirteen days after its launch, the $350 billion Paycheck Protection Program fund (part of the $2 trillion COVID-19 stimulus package) had exhausted all funds. There have been talks of more funding coming, but this has left questions circulating like: Are more funds coming? How much more? When?

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REGISTER TODAY: Are You Still Using Excel to Manage Lending Exceptions?

Posted by Teslar Software on Mon, Apr 20, 2020

Teslar has an upcoming webinar that you do not want to miss! Sign up for a quick 30-minute webinar to learn how to increase visibility into lending exceptions, eliminate double counting, and enhance the exceptions clearing process.

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How Do We Know When It’s Safe for Businesses to Reopen?

Posted by Bethany Wood on Fri, Apr 17, 2020

There are two legitimate concerns when thinking about reopening the country: the physical health and well-being of citizens and the economic health and well-being of citizens. President Trump’s initial hope to see the country reopened by Easter was met with a lot of backlash from healthcare professionals and economists that said it was too soon and would wind up doing more harm than good. While obviously that date has come and gone with no uplifting of shelter-in-place and other social distancing orders, the push to reopen sooner than later is not unfounded. Yesterday, the president announced the ‘Opening Up America Again’ plan aiming for May 1st.

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Where Does $2 Trillion Even Come From?

Posted by Bethany Wood on Fri, Apr 17, 2020

Coronavirus relief stimulus checks have begun dispersing, and word has been circulating about giving out even more. These cash payments are part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act totaling $2,000,000,000,000.00. The act is broken down for multiple moving parts of this pandemic: stimulus checks, extra unemployment, loans for corporations and small businesses, health care, etc. However, this $2 trillion number has still left many reeling, wondering where this money is coming from or if this will cause inflation.

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Focusing on What You Can Control

Posted by Bethany Wood on Wed, Apr 15, 2020

The coronavirus pandemic may not be the first or worst pandemic in American History, but it is certainly impactful. These times have brought about unique challenges for people of all ages and occupations.

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Teslar Unite - PPP Free to All Community Banks

Posted by Teslar Software on Fri, Apr 10, 2020

Community Banks Provide Paycheck Protection Program Loans to Small Businesses with Teslar Software

  Fintech enables banks to quickly and efficiency manage flood of PPP loan applications

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Resources for Learning Financial Literacy at Home

Posted by Bethany Wood on Tue, Apr 7, 2020

April is Financial Literacy Month! This year, many of us have unique opportunities to participate in Financial Literacy Month. As schools around the globe are shut down due to the COVID-19 pandemic, many parents and caregivers have suddenly found themselves largely taking on the role of their children’s educators. Many are searching for new, exciting, and educational resources for children to do with their newfound free time.

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All Things Paycheck Protection Program

Posted by Bethany Wood on Fri, Apr 3, 2020

If you’re in the banking or small business industry, you’re more than likely aware of the Small Business Administration’s Paycheck Protection Program (PPP) that begins today, Friday, April 3rd, 2020 as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This program is designed to help small businesses.

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