- July 15, 2024
![Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance](https://www.pymnts.com/wp-content/uploads/2024/07/Goldmand-Sachs-earnings.jpg?w=160&h=113&crop=1)
Goldman Sachs’ GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing.
Its latest earnings results, released Monday (July 15), show that “substantially all” of the ...
- June 19, 2024
![Main Street Merchants See Light at End of 2024 Tunnel](https://www.pymnts.com/wp-content/uploads/2024/06/Main-Street-SMBs-small-businesses.png?w=160&h=113&crop=1)
We’re roughly at the midpoint of 2024, and the midpoint is a good time to take stock of where we’ve been and what lies ahead.
For the Main Street small businesses ...
- June 18, 2024
![1 in 3 Shoppers Wants to Buy Local Products](https://www.pymnts.com/wp-content/uploads/2024/06/shopping-local-retail.jpg?w=160&h=113&crop=1)
As retailers look to win customers’ loyalty, PYMNTS Intelligence research finds that buying local goods is a top-of-mind concern for a significant share of consumers.
By the Numbers
For the recent “Generation ...
- May 28, 2024
![Small Retailers Relying on In-Store Sales Are More at Risk](https://www.pymnts.com/wp-content/uploads/2024/05/small-retailers.png?w=160&h=113&crop=1)
Small retailers that make most of their sales via brick-and-mortar are the most at risk of closing, compared to those that leverage an omnichannel strategy or that rely primarily on ...
- May 18, 2024
![Lightspeed CEO Points to B2B Sales as Next Engine of Small Merchant Growth](https://www.pymnts.com/wp-content/uploads/2024/05/Lightspeed-POS-SMBs.jpg?w=160&h=113&crop=1)
Profit is the applause a business gets from its customers. So the saying, originally from business author Ken Blanchard, goes.
Blanchard’s quip highlights the fact that to successfully navigate marketplace challenges ...
- May 6, 2024
![US Small Businesses See Drop in Failure Risk Compared to Larger Firms](https://www.pymnts.com/wp-content/uploads/2024/05/US-small-businesses.png?w=160&h=113&crop=1)
Despite news about rising inflation and stalled interest rates, recent PYMNTS Intelligence data confirms that many of the small and medium-sized businesses (SMBs) that dot Main Street USA are demonstrating ...
- May 2, 2024
![Competing With Giants: How Small Businesses Can Optimize Their eCommerce Efforts](https://www.pymnts.com/wp-content/uploads/2024/05/small-business-eCommerce.png?w=160&h=113&crop=1)
This National Small Business Week, merchants are increasingly moving beyond Main Street — and into eCommerce.
And with the news that the post-pandemic growth for most Main Street small and medium-sized ...
- May 2, 2024
![Visa Stresses Education as Small Businesses Confront Fraud Vulnerabilities](https://www.pymnts.com/wp-content/uploads/2024/05/SMBs-small-businesses-scams-fraud.jpg?w=160&h=113&crop=1)
Most crimes, as the saying goes, are crimes of opportunity.
And that’s bad news for small businesses, whose lack of resources and challenges when accessing financing often leaves them ill-prepared for ...
- May 1, 2024
![Payment Innovations Help Small Businesses Navigate the Main Street Maze](https://www.pymnts.com/wp-content/uploads/2024/05/payment-small-businesses.png?w=160&h=113&crop=1)
Payments are the lifeblood of any business, but for small businesses, they are particularly crucial.
And with the news that, in the last 12 months, Main Street businesses have operated with ...
- April 30, 2024
![Why Securing Payments is a Big Deal for Small Businesses](https://www.pymnts.com/wp-content/uploads/2024/04/SMBs-small-businesses-card-payments.png?w=160&h=113&crop=1)
There are nearly as many ways to pay and be paid as there are types of small businesses.
But there’s one common thread connecting both Main Street businesses and the payment ...
- April 26, 2024
![The State of Main Street Heading Into Small Business Week](https://www.pymnts.com/wp-content/uploads/2024/04/SMBs-main-street-small-businesses.png?w=160&h=113&crop=1)
Despite the moniker attached to their segment, small businesses loom large in the American economy.
And with the U.S. Small Business Administration (SBA) celebrating National Small Business Week starting Sunday (April 28), ...
- April 16, 2024
![Upcoming Data Reporting Requirements Could Shape Small Business Lending’s Future](https://www.pymnts.com/wp-content/uploads/2024/04/small-business-lending.png?w=160&h=113&crop=1)
Main Street businesses represent the backbone of both the American economy and their local communities.
And with the news on Tuesday (April 16) that Rapid Finance has teamed up with Galileo Financial Technologies on ...
- April 11, 2024
![4 in 10 Omnichannel SMBs Use eCommerce to Reach New Markets](https://www.pymnts.com/wp-content/uploads/2024/04/SMB-eCommerce.png?w=160&h=113&crop=1)
As small and medium-sized businesses (SMBs) on Main Street, USA increasingly make their offerings available online, many are looking to digital channels to expand to new areas, PYMNTS Intelligence findings ...
- January 15, 2024
![Big Banks: Commercial Lending Losses Creep Up, Deposits Decline Slightly](https://www.pymnts.com/wp-content/uploads/2024/01/big-banks.jpg?w=160&h=113&crop=1)
The initial headlines and initial takes on big bank earnings may have focused on the state of the consumer, on card spending, especially.
But there’s data to be gleaned for the ...
- January 15, 2024
![Private Credit Booms as Main Street Firms Seek Capital Access](https://www.pymnts.com/wp-content/uploads/2024/01/Main-Street-SMBs-2.jpg?w=160&h=113&crop=1)
For corporates, especially smaller Main Street businesses, private credit (aka private debt) appears as an avenue through which they can get the capital they need.
And for the lenders, the opportunity ...
- January 11, 2024
![Online Sales Led Increased Revenue Expectations for Main Street SMBs in 2023](https://www.pymnts.com/wp-content/uploads/2024/01/Main-Street-SMB.jpg?w=160&h=113&crop=1)
With prices at high levels most of the year and with the overall economy recording moderate growth, 2023 was a challenging year for businesses, especially for the most vulnerable small ...
- January 5, 2024
![72% of Main Street SMBs Prioritize Ease of Use When Selecting Payment Processor](https://www.pymnts.com/wp-content/uploads/2024/01/SMBs-payments-Main-Street-payment-processors.jpg?w=160&h=113&crop=1)
Whether it’s a quaint local shop, a cozy diner, or a busy salon, payment processors form the backbone of financial operations for small- t0 medium-sized businesses (SMBs) in the United ...
- January 4, 2024
![7 in 10 Main Street SMBs Use the Same eCommerce Platforms](https://www.pymnts.com/wp-content/uploads/2024/01/Main-Street-eCommerce.jpg?w=160&h=113&crop=1)
An online presence is a must for any business today, and online sales require a platform that allows consumers to have an easy, quick and reliable shopping experience. But building ...
- December 27, 2023
![Nearly 1 in 3 Hospitality SMBs Rely on National Banks for Credit](https://www.pymnts.com/wp-content/uploads/2023/12/hospitality-SMBs.jpg?w=160&h=113&crop=1)
Main Street small and medium-sized businesses (SMBs), which faced challenges during the pandemic and managed to stay afloat, are aiming to stabilize their finances in the current inflationary market conditions. ...
- December 20, 2023
![Many Independent Restaurants Remain Social Media Holdouts Despite Digital Shift](https://www.pymnts.com/wp-content/uploads/2023/12/restaurants-social-media.jpg?w=160&h=113&crop=1)
Even as restaurants agree on the importance of being accessible via digital channels, many independent eateries continue to abstain from social media platforms, PYMNTS Intelligence reveals.
By the Numbers
The report “Main ...
- December 15, 2023
![Young SMBs Can't Find Enough Business Financing](https://www.pymnts.com/wp-content/uploads/2023/12/Main-Street-SMBs.jpg?w=160&h=113&crop=1)
Working capital is the lifeblood of businesses of all sizes, and to those companies just starting, access to financing can mean the difference between stagnation or being able to grow.
The ...
- December 8, 2023
![A Third of Retail SMBs Don’t Use Credit for Working Capital but Want To](https://www.pymnts.com/wp-content/uploads/2023/10/small-business-SMB-SME.jpg?w=160&h=113&crop=1)
Small- to medium-sized businesses (SMBs) facing limited access to funding are turning to external sources to finance their operations.
However, access to credit remains a challenge, leaving them vulnerable in times ...
- November 30, 2023
![Fed: Smaller Banks Report Pressure on Commercial Loan Demand](https://www.pymnts.com/wp-content/uploads/2023/11/loan-demand.jpg?w=160&h=113&crop=1)
The Federal Reserve’s Beige Book — released eight times a year — collects qualitative observations about current economic conditions across the central bank’s dozen districts.
And in the latest edition of ...
- November 24, 2023
![Payment Processors Adapt Strategies to Woo Main Street SMBs](https://www.pymnts.com/wp-content/uploads/2023/11/Main-Street-small-business.jpg?w=160&h=113&crop=1)
Small-to-mid-sized businesses (SMBs) on the main streets of the United States heavily rely on payment processors to facilitate their transactions.
While PayPal and Square dominate the market, in the recent survey, ...
- November 24, 2023
![Main Street Mainstays Could Use a Leg Up on Small Business Saturday](https://www.pymnts.com/wp-content/uploads/2023/11/Main-Street.jpg?w=160&h=113&crop=1)
The holiday weekend is here.
And, as has been seen over more than a decade, Small Business Saturday, a mainstay of the retail landscape initially promoted by American Express and now ...
- October 16, 2023
![Business Lender iwoca Raises $243 Million to Fund Small Businesses](https://www.pymnts.com/wp-content/uploads/2023/02/small-business-loan-SMBs.jpg?w=160&h=113&crop=1)
European small business lender iwoca says it has raised $243 million in new funding.
The financing, announced late Monday (Oct. 16), follows the $152 million the London-based company raised in January to meet a ...
- October 5, 2023
![Small Businesses Look for New Options as Traditional Funding Shrinks](https://www.pymnts.com/wp-content/uploads/2021/04/small-business-lender-loans.jpg?w=160&h=113&crop=1)
Smaller firms feel the credit crunch — and are likely to pivot to new avenues of financing.
PYMNTS Intelligence shows that six in 10 smaller firms are denied funding through traditional ...
- October 2, 2023
![Working Capital Deserts on Main Street Challenge Small Business Survival](https://www.pymnts.com/wp-content/uploads/2023/07/Main-Street.jpg?w=160&h=113&crop=1)
Access to business financing is crucial for small and medium-sized businesses (SMBs) on Main Street — firms generating less than $10 million in annual revenue and having physical locations from ...
- September 21, 2023
![Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures](https://www.pymnts.com/wp-content/uploads/2023/09/small-business.jpg?w=160&h=113&crop=1)
The Philadelphia Federal Reserve’s September Manufacturing Business Outlook Index offers up a monthly survey of manufacturers’ current business conditions and their outlook on what’s to come.
And as such, the Index ...
- September 14, 2023
![Spiking Fuel Prices Pitch Wallets of Consumers and Businesses](https://www.pymnts.com/wp-content/uploads/2023/09/fuel-prices.jpg?w=160&h=113&crop=1)
It’s a season of pain at the pump, no matter what type of fuel you’re pumping.
As The Wall Street Journal (WSJ) noted in a report Thursday (Sept. 14), the cost of diesel, ...
- September 8, 2023
![Large National Banks Hold the Advantage When Main Street SMBs Shop for Credit](https://www.pymnts.com/wp-content/uploads/2023/09/Main-Street-SMBs.jpg?w=160&h=113&crop=1)
Access to business financing is crucial for Main Street small and medium-sized businesses (SMBs). But while a significant share of these small businesses across all revenue tiers have access to ...
- September 6, 2023
![Fed’s Beige Book Portends Slowdown for Main Street Retail Mainstays](https://www.pymnts.com/wp-content/uploads/2023/09/Fed-Main-Street-retail.jpg?w=160&h=113&crop=1)
Modest growth is in the cards, and for Main Street stalwarts among smaller businesses — namely in retail — the pressure is mounting.
The Federal Reserve’s latest Beige Book shows that, ...
- August 23, 2023
![PMI Data Hints at Slowdown for Main Street Smaller Businesses](https://www.pymnts.com/wp-content/uploads/2023/08/SMB-economy-manufacturing-Main-Street.jpg?w=160&h=113&crop=1)
Business is expanding, but at a torpid pace that signals some pressures for some of Main Street’s smaller firms.
As detailed in the S&P Global Flash US Composite PMI (purchasing managers’ index), ...
- August 18, 2023
![40% of Well-Established Small Businesses Lack Emergency Funding](https://www.pymnts.com/wp-content/uploads/2023/05/Main-Street-SMB-4.jpg?w=160&h=113&crop=1)
Across the United States, the startup community is still reeling after Silicon Valley Bank’s collapse, the largest bank failure since the 2008 financial crisis, and Main Street businesses are no ...
- July 31, 2023
![Fed’s Senior Loan Officer Survey Signals Pressure as Small Businesses Seek Credit](https://www.pymnts.com/wp-content/uploads/2023/07/Main-Street.jpg?w=160&h=113&crop=1)
The traditional avenues of lending are narrowing, signaling tougher times ahead for smaller businesses seeking access to credit.
As detailed Monday (July 31) in the Federal Reserve’s Senior Loan Officer Opinion ...
- July 26, 2023
![Will Big Bank Capital Requirements Help Smaller FIs, FinTechs Gain Small Business Lending Share?](https://www.pymnts.com/wp-content/uploads/2023/07/small-business-lending.jpg?w=160&h=113&crop=1)
As banks — especially larger players — grapple with a new capital reality, the opportunity may be there for smaller financial institutions (FIs) and FinTechs to capture some lending share, ...
- July 17, 2023
![Lenders and Vendors Catering to Commercial Spend Look to Lift Business Fortunes](https://www.pymnts.com/wp-content/uploads/2023/07/lenders-commercial-spend.jpg?w=160&h=113&crop=1)
Today’s future-fit commercial payment capabilities couldn’t have picked their go-to-market timing better.
As businesses look to shape and refine their economic forecasts and downstream working capital needs for the near future, ...
- July 7, 2023
![Personalized Loans Helps Small Businesses Break Their Funding Slump, Says Enigma COO](https://www.pymnts.com/wp-content/uploads/2023/07/Need-to-Know-Cover-Art-Enigma.png?w=160&h=113&crop=1)
The secret of getting ahead is getting started.
After all, an object — or a business — in motion tends to stay in motion.
But for the small and medium-sized businesses (SMBs) ...
- June 14, 2023
![Main Street Small Businesses May See Margin Relief as Producer Prices Fall](https://www.pymnts.com/wp-content/uploads/2023/02/Main-Street-merchants.jpg?w=160&h=113&crop=1)
The latest readings on inflation, released Wednesday (June 14), signal some margin relief for Main Street small businesses.
And, by extension, consumers may see some benefit — if, of course, those ...
- June 13, 2023
![Inflation Slows, but Everyday Essentials Still Pinch Paycheck-to-Paycheck Consumers](https://www.pymnts.com/wp-content/uploads/2023/06/inflation-consumers.jpg?w=160&h=113&crop=1)
Wall Street is parsing the latest inflation data, gaming the odds of another Fed rate hike — or pause.
And while the headline data show that consumer prices overall rose in ...