With more employers offering workers the ability to choose a hybrid schedule of in-person and remote work or complete remote work, the question of whether to uphold the traditional 40-hour workweek is a conversation some businesses are beginning to have. On one hand, the past few years have shown that business output can be maintained …
How To Reduce Working Hours Without Compromising Productivity Read More »
QUEENS, N.Y., March 14, 2022 /PRNewswire/ — Specialty Capital, LLC, (“Specialty Capital”), a leading technology driven specialty finance company, has closed on a $10 million credit facility with a U.S. based, alternative credit asset manager. The facility will provide Specialty Capital with an initial borrowing capacity of $10 million to expand its funding capabilities, strengthen their ability to provide funding for small …
Specialty Capital Announces $10 Million Credit Facility, Appoints Chief Risk Officer Read More »
Forbes Business Council Is an Invitation-Only Community for Successful Business Owners and Leaders QUEENS, N.Y., April 4, 2022 /PRNewswire/ — Boris Kalendarev, CFA, Chief Executive Officer of Specialty Capital, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide. Boris was vetted and selected by a review committee …
Specialty Capital CEO Boris Kalendarev accepted into Forbes Business Council Read More »
This week we saw a flurry of data and earnings reports released. This new data helps us adjust the way we think about our underwriting approach. Specialty Capital believes that the current economic cycle is difficult to tread and it is integral to be data-dependent. As we are a revenue-based finance company, we need to …
As expected and in line with one of our previous posts, CPI has come down from the June high of 9.1% to 8.5% in July. Breaking down the headline number, core cpi was 5.9% (ex food and energy). Food and fuel inflation continue to be the biggest drivers, if you zoom in on the food index, it …
Nonfarm payroll numbers were released this morning and there was a big surprise to the upside. Payrolls rose by 528,000 for the month of July and the unemployment rate was 3.5%, easily surpassing estimates of 258,000 and 3.6% respectively. Wages grew month-over-month (adjusted for inflation it was actually negative). Gains in job growth were spread …
US employers added more jobs in June than forecast and the unemployment rate held near a five-decade low, suggesting hiring needs are so far eclipsing concerns about the economic outlook. Here are the key numbers from Friday’s Non-Farm Payroll report: Non-farm payrolls: +372,000 vs. +268,000 expected and a revised +384,000 in May Unemployment rate: 3.6% vs. 3.6% expected …
The auto repossession numbers have been climbing in recent months. The numbers are staggering, especially in the subprime market. Subprime repos are now 11% on average across the nation, double the rate in 2020. The more concerning figure is that the rate of prime borrower repossessions are also double the rate of 2020, around 4%. With interest rates moving higher and easing supply dynamics …
Auto Loan Defaults & Specialty Capital’s View On Auto Dealers 26th July Read More »
Maybe you have an excellent new idea for a business venture, but no money or your current business has grown, and you need money to expand your facilities. Whatever it is, you might be wondering if there is a way for you to get a small business loan in Ohio. If yes, then know that …
According to the Small Business Administration (SBA), there are 647,000 small businesses in Washington, accounting for 99.5% of all the businesses in the state. These small businesses employ a whopping 1.4 million residents of the state – 50.7% of the total workforce in Washington. However, small businesses also face challenges, the major one being the …
How To Get A Small Business Loan in Washington State? Read More »
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@2022 Specialty Capital LLC. All Rights Reserved.
