September 2024
Avoiding Financial Shock
With office space typically making up about 10% of a company’s expenditures, the chance to save money in this area becomes even more attractive as economic uncertainty means firms are introducing structured cost-cutting programs and challenging cost targets. When having to choose, most company executives would prefer to direct operational investments into technology over real estate.
(via Scotsman Guide)
Q&A: Tom Rowley, Cushman & Wakefield
In June, Scotsman Guide spoke with Tom Rowley, an executive managing director for Cushman & Wakefield and the U.S. practice lead for the hospitality and leisure practice group. Rowley discussed the state of the hospitality industry and when we can expect an uptick in hotel deals.
(via Scotsman Guide)
Whoa, Quickbooks Capital Shoots Up in Business Loan Originations
Intuit’s fiscal year ending July 31, 2024 revealed a stunning detail, $2.4B in financing through QuickBooks Capital over 12 months. This was up 28% from the prior year.
(via deBanked)
Five Leading Innovative Banks Join American Fintech Council (AFC), Expanding Collaborative Efforts With Fintech Industry Leaders and Regulators To Develop Future of Finance
The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, has announced the addition of five new members representing regional and community banks committed to fintech innovation.
(via deBanked)
Grow Your Business With Green Loans
Fortunately, the Small Business Administration’s (SBA) 504 lending limits have expanded for businesses that ‘go green,’ offering new opportunities for you to support your clients.
(via Scotsman Guide)
Rates
Below are recent treasuries and SOFR rates from Chatham Financial. Check out their site to view even more rates.
U.S. Treasuries
5 year
3.489% 09 Sep 2024
3.797% 09 Aug 2024
4.397% 08 Sep 2023
10 Year
3.701% 09 Sep 2024
3.945% 09 Aug 2024
4.257% 08 Sep 2023
SOFR (Secured Overnight Financing Rate)
5.34000% 06 Sep 2024
5.34000% 09 Aug 2024
5.30000% 08 Sep 2023
Other U.S. Rates (Fed Funds Effective Rate)
5.330% 06 Sep 2024
5.330% 09 Aug 2024
5.330% 08 Sep 2023