Paycheck Protection Program Updates

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  1. Paycheck Protection Program Updates

    The federal government has recently executed legislation, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, providing additional Paycheck Protection Program (PPP) funding up to $284 million and altering forgiveness rules for currently outstanding PPP loans.  For complete information regarding the requirements and details, please refer to US Department...

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  2. John Hanley Joins Triumph Commercial Finance as Senior Vice President, Portfolio Manager for Asset Based Lending and Commercial Factoring

    Triumph Commercial Finance, a division of TBK Bank, SSB, is pleased to announce John Hanley as its senior vice president responsible for managing client relationships for the asset based lending and commercial factoring business units. Mr. Hanley will oversee a team of account executives with the primary objectives to retain,...

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  3. Triumph Commercial Finance

    TBK Bank Appoints Todd Ritterbusch as Chief Lending Officer

    Triumph Bancorp, Inc. (Nasdaq: TBK) (“the Company”) is pleased to announce that Todd Ritterbusch has been appointed chief lending officer of its subsidiary, TBK Bank, SSB (“the Bank”). Ritterbusch will report to Aaron P. Graft, chief executive officer of the Company and the Bank. As a member of the Bank’s...

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  4. Triumph Commercial Finance

    Triumph Bancorp, Inc. To Acquire Doral Healthcare Finance

    Triumph Bancorp, Inc., through its subsidiary, THE National Bank, a full service community bank, today announced the signing of a definitive agreement to acquire the lending platform and certain assets of Doral Healthcare Finance, an asset based lender focused exclusively on the healthcare industry. Doral Healthcare Finance is a division...

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  5. The Top 10 Equipment Acquisition Trends for 2016

    The Equipment Leasing and Finance Association, or ELFA, revealed its top 10 Equipment Acquisition Trends for 2016. It is estimated that U.S. businesses, nonprofits and government agencies will spend over $1.6 trillion in capital goods or fixed business investment (including software) this year, and financing a majority of those assets...

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  6. Transportation industry adds more jobs in December than any month in the last two years

    The U.S. Department of Labor’s Bureau of Labor Statistics announced its December 2015 jobs report, and it is good news for the trucking industry. December experienced the largest job gain in more than two years for the transportation industry. The overall transportation industry sector added more than 23,000 jobs in December,...

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  7. Trucking is the Fastest Growing Small Business Industry; Construction Not Far Behind

    As the economy continues its rebounding with steady growth across multiple industries, small businesses throughout the country are feeling the positive effects. No industry is experiencing growth more than the trucking industry though. According to a report done by Sageworks, a financial analysis software company, trucking is now the fastest-growing...

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  8. What a Difference Three Years Can Make

    Triumph Commercial Finance launched three years ago. In that time we have seen incredible growth and expansion, but have stayed true to our mission of helping small to mid-sized businesses experience development through alternative financing options. By working hard to provide exceptional service to our clients, attract new business and...

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  9. TBK Bank Makes Equity Investment In AscendTMS™ Logistics Software

    AscendTMS™ Is the First TMS Software to offer seamless integration with Triumph’s invoice factoring and carrier payment processing services. InMotion Global, Inc. announced today that through an equity investment by TBK Bank, SSB, it has secured growth capital to further its market leadership of integrated financial services within its flagship product,...

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  10. Tips on Managing a Construction Site

    Management is daunting to say the least.  There are multiple pieces in the puzzle, and it isn’t a black or white solution especially when dealing with human workers. In construction, a manager must keep the project within budget, on time, and in accordance with numerous codes, laws, and guidelines.  With so...

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  11. Is Replacing Your Old Truck Worth the Investment?

    Fleet Advantage has made public its second quarter 2016 Truck Lifecycle Data Index, TLDI, comparing all-in operating costs of early model Class 8 trucks to all-in operating costs of current model year replacements. Results from the research indicate that fleet operators can reduce costs by up to $18,816 by replacing a...

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  12. Final Silica Rule Issued, but Groups Still Fighting

    Back in March of this year, the Occupational Safety and Health Administration, or OSHA, issued its final rule that aims to protect workers from exposure to silica dust. OSHA worked with the Department of Labor to issue this new rule, which looks to reduce the allowed exposure to silica from...

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  13. New Guidance on Accounting for Credit Losses has been Issued by FASB

    The Financial Accounting Standards Board, or FASB, has issued an Accounting Standards Update (ASU) that improves financial reporting. This updated requires timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. This ASU was put in place to make sure organizations measure all...

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  14. Six Scorching Summer Safety Tips for Construction

    Hot summer days present unique challenges to staying safe on the job site. Heat stress is increasingly being recognized for contributing to the rapid onset of fatigue, distraction, and mistakes. Here are some tips to keep in mind for your summer projects: Drink Plenty of Water: The average adult human body contains...

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  15. Senate Members Oppose Tax Increase on New Tractors and Trailers

    The Senate Concurrent Resolution 40 (S.Con.Res.40) was recently introduced by Sen. Cory Gardner (R-Colo.), expressing opposition toward increasing the 12 percent Federal Excise Tax (FET) on heavy trucks and truck bodies, according to the NTEA. FET is imposed on the first retail sale of heavy-duty trucks, trailers, semitrailer chassis and bodies,...

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  16. What Does Each Hard Hat Color Mean?

    Wearing hard hats is a common practice in construction and essential to the safety of its workers. In 2015, the Occupational Safety and Health Administration recorded over 25,000 injuries and as many as 36 deaths caused by construction accidents including falls, trench collapses and scaffold collapses. With data suggesting the...

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  17. Construction Sector Could See Boost from Obama’s 2017 Budget

    President Obama’s budget for fiscal-year 2017 arrived in Congress in February. The proposal, which still needs to be voted on, would boost total spending by 4.9 percent, with most of that going towards programs such as social security and interest payments on the national debt. The budget is filled with minus...

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  18. Trucking Demand Had Uptick in February

    The tonnage shipped by the trucking business rose to an all-time high in February, with rates for truckload shipments up ticking slightly from a year ago. The American Trucking Associations’ seasonally-adjusted truck tonnage index rose 7.2 percent in February from a month earlier.* ATA’s chief economist attributed February’s strong volumes to...

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  19. Working capital challenges in the manufacturing industry

    Even when a manufacturing company has a healthy asset position and is profitable, they can have liquidity problems with insufficient working capital. Working capital represents the short-term assets available to a business to meet financial obligations. But because supplier and production expenses are often required to be paid several months...

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  20. New Lease Accounting Rule Set to Put More Liability on Corporate Balance Sheets

    Introduction to new lease accounting rule A new rule was passed by the Financial Accounting Standards Board, or FASB, Wednesday, November 12, when they approved a new lease accounting rule that will increase the amount of liability companies must report on their balance sheets. Those that lease equipment must now report...

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  21. Bill King Joins Triumph Commercial Finance to Expand Equipment Finance Origination in the Southeast

    Triumph Commercial Finance adds Bill King as Vice President, Regional Sales Manager Triumph Commercial Finance, a member of the Triumph Bancorp, Inc. group and provider of asset based lending, accounts receivable financing (factoring) and equipment financesolutions to small and mid-sized businesses nationwide, today announced the addition of Bill King to its...

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  22. Triumph Commercial Finance Continues the Expansion with the Addition of Schaefer

    Triumph Commercial Finance Adds Guy Schaefer as Vice President, Regional Sales Manager of Equipment Finance Group Triumph Commercial Finance, a member of the Triumph Bancorp, Inc. group and provider of asset based lending, accounts receivable financing (factoring) and equipment financesolutions to small and mid-sized businesses nationwide, today announced the addition of...

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  23. Triumph Bancorp, Inc. Announces Executive Changes

    Triumph Bancorp, Inc. (“Triumph”), a financial holding company with interests in community banking, commercial finance and investment management, today announced a series of management assignments. Dan Karas has been named Chief Lending Officer of Triumph’s Dallas-based banking subsidiary, Triumph Savings Bank, SSB, effective July 1, 2014. In this role, Karas will...

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  24. Triumph Bancorp, Inc. Completes Acquisition of Doral Healthcare Finance

    Triumph Bancorp, Inc., through its subsidiary, THE National Bank, a full-service community bank, today announced the completion of its previously announced acquisition of the lending platform and certain assets of Doral Healthcare Finance (“DHF”). In conjunction with the acquisition, Doral Healthcare Finance has been rebranded Triumph Healthcare Finance, effective immediately. Triumph Healthcare...

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  25. Triumph Commercial Finance Expands Team With Addition of Allin, Simshauser and Chapman

    Triumph Commercial Finance, a provider of asset based lending, factoring and equipment finance solutions for small to mid-sized businesses nationwide and member of the Triumph Bancorp, Inc. group (Nasdaq:TBK), today announced Jim Allin, Mark J. Simshauser and Jason Chapman as additions to its commercial finance team. Jim Allin will lead the...

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  26. Triumph Commercial Finance Proudly Sponsors the Texas ACG Capital Connection

    Triumph Commercial Finance is a Gold Sponsor for the upcoming 12th Annual Texas ACG Capital Connection on February 25-26 in Dallas. Chief Lending Officer Dan Karas, Senior Vice President Jim Allin, Regional Sales Executive Mo Horstmann and Business Development Officer Kim Anderson will represent Triumph at the event. If you plan...

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