Lisa Thouin
Contact Us for PPP Loan Forgiveness Processing Assistance
Mercadien is ready to assist you in facilitating the CARES Act Paycheck Protection Program (PPP) loan forgiveness processing. The SBA stated that Lenders are expected to perform a good-faith review, in a reasonable time, of the borrower’s calculations and supporting documents concerning amounts eligible for loan forgiveness. If the lender identifies errors in the borrower’s…
SBA Awards $20 Million Contract to Mercadien JV for Risk Mgmt. of 504 Loans
The Mercadien Group is pleased to announce that its affiliate company, Kingstonville-Mercadien JV, LLC, has been awarded a five-year contract with the U.S. Small Business Administration (SBA) to provide risk-based review and risk oversight support services for the Certified Development Company (CDC)/504 Loan Program, administered through the Offices of Capital Access and Credit Risk Management.…
Lisa Thouin Presents on Liquidity Risk Management at FMS NY/NJ & NJBankers Assoc. CFO Conf.
The FMS NY/NJ Chapter presented a Spring Half-Day CFO Conference jointly sponsored with the New Jersey Bankers Association (“NJBA”). The event was held at the Stony Hill Inn in Hackensack, NJ on Wednesday April 18, 2018. The conference featured leading industry speakers who presented a series of timely sessions developed for community bank financial institution…
Same-Day ACH Goes Live
In today’s ever-changing world, everything is moving faster, including Automated Clearing House (ACH) transactions, i.e., electronic payments. As you may be aware, effective September 23, 2016, the National Automated Clearinghouse Association (NACHA) established two new same-day settlement windows for ACH transactions. Until now, ACH transactions typically would settle the next business day. Going forward, payments…
Lisa Thouin Presents on Risk Management to Central NJ Financial Managers Society
The NY/NJ Chapter recently held the third of a planned series of three breakfast meetings designed specifically to enhance the professional development of financial decision makers at community banks in the central New Jersey region. The meeting was held at the Radisson Hotel of Freehold on Thursday, May 5, 2016 in Freehold, NJ. The Chapter…
Prevent Fraud With Stronger Consumer Profiling
When we hear the word fraud, our own personal ideas and experiences about it usually come to mind. An official definition of fraud as published by the Institute of Internal Auditors in its International Professional Practices Framework, is “… any illegal act characterized by deceit, concealment, or violation of trust. These acts are not dependent…
Lisa Thouin Elected to the Board of Trustees of Enable Inc.
Lisa M. Thouin, CPA, CGMA, managing director of The Mercadien Group, principal in Mercadien, P.C., Certified Public Accountants, and co-leader of its Nonprofit Services Group, has been elected to the board of trustees of Enable Inc., a nonprofit organization dedicated to helping individuals with permanent and chronic physical or cognitive disabilities and senior citizens to…
Does Your Audit Committee Have What It Takes?
For-profit companies are always searching for ways to improve their efficiency and productivity—otherwise known as the “bottom line.” Nonprofit organizations have the same needs. Similar to public corporations, the board members plays an integral role in achieving these goals. That is why great care must be taken when selecting members. Members must possess the skill…