SMBs

SMBs
4 in 10 Omnichannel SMBs Use eCommerce to Reach New Markets
April 11, 2024

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 reveal. By the Numbers The PYMNTS Intelligence study “Main Street Health Survey Q4 2023: eCommerce...

SMBs
Nav Adds ‘Credit Health Experience’ to Business Financial Health Platform
April 10, 2024

Nav has added a new “credit health experience” to its financial health platform for small businesses. The new Nav Credit Health helps small business owners understand their business and personal credit, learn how to improve them, and see how they can use both their current and...

SMBs
Small Businesses Eye Inflation as Top Concern
April 09, 2024

Inflation is top of mind for the small businesses that power Main Street and the U.S. economy at large. Small business optimism hit its lowest level in more than a decade, according to a survey from the National Federation of Independent Businesses. “The small business sector is showing...

SMBs
34% of SMB Execs Say Loan Costs Are a Concern  
April 08, 2024

From time to time, most small and medium-sized businesses (SMBs) find themselves having to borrow money to meet short-term needs or unexpected expenses. But as PYMNTS Intelligence recently reported, many SMBs — especially those earning modest revenues — avoid borrowing whenever possible. One of the...

SMBs
Data Privacy Laws Threaten Small Businesses’ Digital Advertising Efforts
April 08, 2024

The Maryland Online Data Privacy Act of 2024, a proposed bill set to impact data collection and online privacy, successfully passed both the Senate and House of Delegates and now awaits approval by Gov. Wes Moore. The legislation, set to take effect by October 2025, marks a...

SMBs
Small Businesses Seek Capital From Innovative Lending Solutions
April 04, 2024

Small and medium-sized businesses (SMBs) and their owners are the backbone of local economies worldwide. And they haven’t had it easy, not recently. That’s because they have to big needs: streamlined access to capital to expand their businesses and keep the lights on, and the...

SMBs
1 in 5 Low-Revenue SMBs Say No to Borrowing
April 04, 2024

Many small and medium-sized businesses (SMBs) adhere to lean business practices where decisions to borrow money must be weighed against an array of factors including objectives, revenue levels, cash flow and expenses. This is likely why SMB executives tell PYMNTS Intelligence that what they look...

SMBs
Hello Alice Brings New Funding and AI to Small Business Community
April 04, 2024

If you’re the proprietor of one of the 33 million small businesses in the U.S., odds are you have two pressing needs: Working capital and data. And those 33 million businesses are part of one of the economy’s fastest-growing sectors. According to the U.S. Census Bureau,...

SMBs
Bank of America Launches Platform for Small Businesses and CDFIs
March 27, 2024

Bank of America launched an online platform that connects small business owners with community development financial institutions (CDFIs). The new Access to Capital Connector enables small business applicants to answer questions to become pre-qualified and then connected with the platform participants that can best meet their needs, the...