SMBs

SMBs
11.5% of Main Street Personal Services Firms at Risk of Closing in Two Years
November 04, 2022

Inflation is the double-edged sword bedeviling Main Street SMBs. In the “Main Street Health Q3 2022: SMBs Battle Inflation” report, PYMNTS surveyed 533 U.S.-based businesses to gauge just how far they’ve been able to raise prices, what their business outlooks were, and how simply keeping...

SMBs
FinTechs Deliver Enterprise-Level AP/AR to SMBs as Economy Softens
October 28, 2022

Owners of small- to medium-sized businesses (SMBs) have to wear more than one hat — sometimes, it’s three, four or five. And to manage their financial responsibilities while staying abreast of the competition, they’re increasingly looking for enterprise-level capabilities in terms of platforms and payments....

SMBs
Slumping Confidence + Rising Labor Costs = Trouble on Main Street
October 25, 2022

There are economic cycles, there are business cycles and sometimes there are vicious cycles. If a mounting mix of new headwinds has it right, then we may be headed towards the latter right now as a perfect storm could be taking shape, and Main Street...

SMBs
APAC Opportunity Beckons for More Than a Third of SMBs
October 24, 2022

Tech-nimble enterprises with top line sales of up to $100 million see the Asia Pacific region as their next big greenfield opportunity, at a time when all manner of platforms and merchants are looking to add new customers and gain some top line momentum. To...

SMBs
Fed’s ‘Beige Book’ Reflects Growing Pessimism on Main Street
October 19, 2022

No easy times lie ahead for small and midsize businesses (SMBs) on Main Street. We’re in the midst of the fourth quarter. If thus far, recent earnings reports are any indication — especially from the banks — the consumer remains resilient, and there’s enough firepower...

SMBs
Wave Rolls Out Updated Mobile App For SMB Finance Services
October 19, 2022

Money management solution Wave, which works with small business owners, has debuted a new mobile app to offer services for such businesses, a press release said. The app will offer money management solutions, such as a new dashboard with business insights such as profit and...

SMBs
Earnings Season Takes Main Street SMBs’ Pulse as Inflation Surges
October 12, 2022

To get a sense of the state of Main Street small- to medium-sized businesses (SMBs) — how healthy they are, the challenges they face — look no further than earnings season. As is the case every three months, the commentary from publicly traded firms will...

SMBs
BMO Debuts Lending Program for Native-Owned Businesses
October 11, 2022

BMO has launched BMO for Native-owned Businesses, expanding the banks’ investments in lending to minority-owned businesses to include Native American entrepreneurs. The program — launched on National Indigenous Peoples Day — is part of its $5 billion project to support “an inclusive economic recovery for...

SMBs
Payoneer: Ukrainian SMBs Roll Out the Global Welcome Mat
October 07, 2022

Companies of all sizes in Ukraine are still going strong and eager to expand global operations as they continue to remain resilient and build out in the face of the ongoing war that began with Russia’s attack in February. The small and medium-sized business (SMB)...