Questions? 1.877.550.6325
Eliminate Non-Performing Loans From Your Portfolio
The earliest leading indicator that a business is having a cash flow and liquidity problem is when a business fails to deposit taxes or file a return
1 out of 5 Businesses Have a Hidden Cash Flow Problem
There is over $27.6 Billion in Shadow Debt
If a business is having a hard time paying its bills on time it’s clear there’s an issue with their cash flow which is a credit risk for you. They could be going through a rough patch or even worse, about to fail. Which means your loan may eventually default.
Problem
When a business has a cash flow problem and stops paying its taxes, the IRS does not have to file a tax lien. In fact, 20% times they don’t.
How do we know?
Tax Guard has done over 1million reports and found that nearly 20% have outstanding federal tax debts but no tax lien has ever been filed.
Unpaid Federal Tax Debt is a Leading Indicator of a Cash Flow Problem
It doesn’t take sophisticated modeling to show that when a business fails to pay its taxes they’re more likely to default on their loans. But there’s never been a tool to show you this in real-time, until now.
Business Has a Hidden Cash Flow Problem
PRIORITIZATION OF EXPENSES
Pays Employees
Won’t work if unpaid
Pays Vendor
Won’t provide supplies if unpaid
Pay Rent
Landlord will evict if unpaid
Does Not Pay IRS
Figures they’ll catch up later. The IRS is slowest to act
VISIBILITY OF CASH FLOW PROBLEM
TAX GUARD REPORT
All leading indicators (tax debts and missing returns) show up in real-time
Public Records Search
Shows NONE of the IRS leading indicators
BOTTOM LINE
Since unpaid tax debts are the earliest leading indicators of cash flow issues, you should know the moment when your credit risk is created, not later when the loan is in trouble.
Tax Guard is the only company that can provide this private & valuable tax data to lenders
Make Confident Credit Decisions with Tax Guard’s Report
Early knowledge of your credit risk allows you to proactively fix tax issues and predict loan performance throughout your loan lifecycle.
Tax Guard’s Helps Community Banks Stay Competitive
- Prevent surprises, reduce unexpected losses
- Holistic view of borrowers
- Fast, accurate informatin
- Less burden on borrower to provide tax information
Tax Guard reports up to 10 years of client tax history, including:
- Outstanding federal tax debts
- Missing tax returns
- Tax deposit verification
- Federal tax lien filings
Public Record Searches are Incomplete and Outdated
If you’re using public records to determine your borrower’s creditworthiness, you may be missing hidden tax debts. Compare the insight you’ll get from a Tax Guard report versus a public records search:
Federal Tax Liens
Unpaid Federal Tax Debts
Missing Tax Returns
Tax Deposit Report
Income Verification Reports
Collateral Protection Services
Federal Filing Requirements
Results for All Name Variations
Payment Plan Verification
Notification of Changes in Risk
Federal Tax Liens
Unpaid Federal Tax Debts
Missing Tax Returns
Tax Deposit Report
Income Verfication Reports
Collateral Protection Services
Federal Filing Requirements
Results for All Name Variations
Payment Plan Verification
Notification of Changes in Risk
TRUSTED BY INDUSTRY LEADERS
Want to Learn More About How Tax Guard Can Eliminate Your Bank’s Non-Performing Loans?
Schedule a consultation with one of our experts now and we’ll be with you shortly!
Your privacy is very important to us. We will never share your information.
Questions? 1.877.550.6325
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