The old adage is that the best time to get credit … is when you don’t need credit. That’s because when a firm’s coffers are running low, when cash flow is an issue, and working capital remains a lifeline — i.e., the need for credit...
Many Main Street small businesses are operating on the brink without adequate capital to survive a downturn, making access to finance a critical consideration in 2023. This is analyzed in the study Main Street Health Q1 2023, a PYMNTS and Enigma collaboration, based on survey responses from more...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. David Metz, CEO of Prizeout, says businesses need to look to fellow businesses for opportunities as funding sources grow...
Data from the Federal Reserve and the Census Bureau hint at a looming crunch on Main Street. Specifically: The businesses that power the economy are finding it harder to get the credit they need to grow, or even stay in business. And there are fewer...
Vault has launched an all-in-one online financial platform for small- to medium-sized businesses (SMBs) in Canada. The platform is designed to give SMB owners access to financial products and services that are not easily available to them otherwise, Vault said in a Tuesday (May 16) press release. “My...
Far from being just another noisy headline, the current Capitol slugfest could soon affect Main Street if left unresolved. For many U.S. consumers, raising the debt ceiling is usually one of those pieces of legislation that just passes. But in a sign of living in...
Hundreds of millions of consumers and businesses use digital wallets — and not traditional bank accounts — to transact across the globe. That’s especially true in emerging markets, where the ubiquity of mobile devices offers a springboard to transitioning away from bills and coins. But...
The small- to medium-sized business (SMB) space offers an outsize opportunity for B2B growth. Despite the attractive white space, financial services, merchant services and vertical Software-as-a-Service (SaaS) organizations often need better, more effective help to reach SMBs efficiently and productively. Today’s ongoing digitization provides an...
Inflation, consumer cutbacks, and limited access to capital are all hindering small and medium businesses (SMBs), which are turning to digital tools to close gaps and firm up operations. While throngs of shoppers returned to physical stores in 2022 and so far in 2023, they’re...
