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,...
Between inflation and a tight labor market, retail’s small businesses can’t catch a break. The U.S. economy added 263,000 non-farm jobs in November. This was roughly in line with the average growth over the prior three months but lower than the year’s average. The month’s biggest job...
The number of small business loans made in 2021 increased but the dollar amount decreased. The same was true of small farm loans, according to a fact sheet about findings from analysis of nationwide summary statistics for 2021 Community Reinvestment Act (CRA) data that was...
International transactions for small businesses should be as easy to clinch as domestic sales. The rise of digitally powered businesses has opened new possibilities for innovative retailers and platforms. Beyond eCommerce, international business overall has benefited. Local entrepreneurs may now develop a clientele around the...
For Main Street SMBs, PPP business loans were once lifelines but now could become anchors. This, as the loans that were offered as federal aid during the pandemic are emerging as unexpected liabilities that some of the most vulnerable businesses simply can’t cover. As reported...
