I know that you believe you understand what you think I said, but I’m not sure you realize that what you heard is not what I meant. — Robert McCloskey

Preventing Fraud with a Combination of Integrity and Knowledge

Samuel Johnson once said, “Integrity without knowledge is weak and useless, and knowledge without integrity is dangerous and dreadful.” This contrast is starkly apparent in cases of loan fraud; the perpetrator of fraud uses their knowledge to get away with their crime but lacks integrity, while the bank maintains integrity but lacks the knowledge necessary to prevent the fraud. Although attempts to perpetuate fraud are always a risk, unhealthy... read more

How Virginia Commercial Finance Can Help Mitigate Credit Risks

In last week’s blog post “The Consequences When Credit Goes Bad,” we discussed the negative ramifications on banks and financial institutions, their employees, and their borrowers in the aftermath of relaxed credit quality. At VCF, we believe that we can help decrease some of the potentially harmful risks that are being undertaken. The services we provide, the way we approach those services, and our purpose for engaging with clients... read more

The Consequences When Credit Goes Bad

Nassim Nicholas Taleb writes, “Banking is a very treacherous business, because you don’t realize it is risky until it is too late. It is like calm waters that deliver huge storms.” In last week’s blog, we explored the potential dangers that lurk in our seemingly calm waters. This week, we explore the huge storms that occur when credit goes bad; banks and financial institutions, their employees, and their borrowers... read more

Today’s Marketplace: Is the Tension Between Business Development and Credit Teams Healthy?

While many appreciate the magnificence of modern architectural wonders, we often take for granted the disciplined precision of their design. Over the past few centuries, we’ve created marvels all the way from the Burj Khalifa of Dubai (the world’s tallest building), to the iconic Eiffel Tower of Paris. For such architectural feats to be possible, these buildings must allocate the stress of gravity and other external factors evenly across... read more

Overcomers: The Challenges of Small Businesses in Today’s Market

Someone once wrote that, “Small business isn’t for the faint of heart.  It’s for the brave, the patient, and the persistent.  It’s for the overcomer.”  When you consider what small business owners face, it is no wonder that only the overcomers succeed.  While many large businesses have the luxury of embedded capital, tax write-offs, and economies of scale, small to medium-sized businesses inhabit a space that is very sensitive to... read more

Making Work-Life Balance Manageable

In March 2013, Erin Callan, the former CFO of Lehman Brothers, wrote an article for the New York Times entitled, “Is There Life After Work?” She describes how her work became her life over time; she writes, “Each year that went by, slight modifications became the new normal. First I spent a half-hour on Sunday organizing my e-mail, to-do list and calendar to make Monday morning easier. Then I... read more