Despite macro headwinds, a small percentage of SMBs don’t plan to use tech to improve margins. As detailed in the report “Main Street Health, Q4 2022: SMBs Brace for a Recession,” we found that inflation and the threat of recession are real headwinds to growth and give...
For Main Street’s small retailers, offering customers personalized financing options can be what separates a sale from a drive by. As much as consumers are cautious about what they buy right now, they’re also selective in terms of which credit products they use to finance...
Small business loans are becoming harder and more expensive to get in the United Kingdom. The Financial Times (FT) reported Thursday (Dec. 29) that less than half of small business loan applications in the U.K. were successful during the third quarter of 2022. Before the...
As inflation drove costs up, most Main Street businesses got busy hiking their own prices too. While small- to medium-sized businesses (SMBs) are typically reluctant to take this route, new PYMNTS research revealed that the majority of SMBs have reacted to rising supplier costs, energy,...
Policymakers are tapping PPP loan lessons for future-fit insights into keeping Main Street businesses healthy. Researchers say that analyzing the legacy and impact of the U.S. government’s extraordinary $800 billion Paycheck Protection Program (PPP) loan initiative, an emergency response to the COVID-19 pandemic, can help inform...
Small businesses aiming to expand their eCommerce presence across borders in 2023 may want to keep cross-border frictions top of mind. Whether domestic or international, payments management is resource-intensive but essential to a business’s stability. Small businesses, startups and leaner organizations seeking to expand their...
For small businesses, it’s sometimes the banker, and not the bank, that makes the difference. That came across clearly in an episode of SMB TV, where PYMNTS’ Karen Webster was joined by Ryan Gunderson, president of Minnesota-based Superior Fuel, and Erin Wynn, director of product management at NCR....
Main Street small businesses have been preparing for this inflationary cycle to turn to recession. Yet, additional pressure from labor costs and online competition have prevented them from implementing price markups or cost cuts. Suddenly, the “R-word” is dominating business headlines. Recession talk has replaced...
U.K. SMBs are feeling the pinch as business loan costs have increased to 4.7%. As British banks react to a difficult macroeconomic environment, the cost of borrowing for small- to medium-sized businesses (SMBs) has nearly doubled from the 2.5% rate at the end of 2021,...
