SMBs

SMBs
Main St. Small Business Sees Inflation ‘Hands Down’ as Biggest Challenge
December 13, 2022

Recent PYMNTS’ research found that inflation was 2022’s biggest challenge for small- to medium-sized businesses (SMBs). Main Street SMBs make up much of the U.S. business landscape. As a result, their performance typically serves as a good litmus test for the current market environment. But...

SMBs
Study: Price Hikes Top Cost Cuts Among Main Street Businesses
December 09, 2022

Hurting Main Street SMBs have had little choice but to meet inflation with price hikes. PYMNTS analyzed this in the “Main Street Health Survey Q4 2022: SMBs Brace for A Recession,” where we see price increases as the inevitable SMB response to lower sales that...

SMBs
Bottom Bunk’s Chargeback Experience a Cautionary Tale for SMBs
December 09, 2022

“What’s a chargeback?” Cole Richman, owner and founder of Bottom Bunk, had to ask his payments processor that question not long after launching the online sneaker and apparel store in late 2020. With $500,000 worth of sneakers sold on the firm’s website and brick-and-mortar locations...

SMBs
Independent Restaurants’ Optimism Wanes Amid Ongoing Inflation
December 07, 2022

As economic challenges continue indefinitely into the future, small restaurants are adjusting their revenue expectations. By the Numbers Research from PYMNTS’ new study, “Main Street Health Survey Q4 2022: SMBs Brace For A Recession,” which draws from responses from 500 U.S.-based businesses in October and...

SMBs
Main Street Business Success Tied to Online and In-Store Sales
December 07, 2022

High inflation and the threat of an imminent recession make it increasingly difficult for all firms, and the current economic landscape particularly curbs the optimism of Main Street small to midsized business (SMB) owners. PYMNTS’ research found that two-thirds of Main Street SMB owners anticipate...

SMBs
Fed Report Spotlights Main Street SMB Labor and Lending Pressures
November 30, 2022

Slowing rate hikes cheer investors, but on Main Street the damage has already been done. Stocks surged about 3% by Wednesday’s close, on the heels of signals from Fed Chair Jerome Powell that — after four consecutive 0.75% rate increases — a 0.5% rate hike...

SMBs
Main Street SMBs Are 4.6% ‘Healthier’ Than They Were Pre-Pandemic
November 22, 2022

No one quite knows what life after the pandemic might look like, as we’re all still in a state of returning to “normal.” For the Main Street small- to medium-sized businesses (SMBs) that power the United States economy, and as tracked by PYMNTS’ continuing series...

SMBs
SMBs Hungry for New Sources of Credit to Help Fund Their Dreams and Needs
November 18, 2022

Working capital remains elusive for small- to medium-sized businesses (SMBs). The risks taken by entrepreneurs with a product and a dream can be staggering, and they often don’t end happily. It’s a reality that makes financing those dreams both a challenge and a catalyst for...

SMBs
Bankful Looks to Help Unbanked SMBs After Rebrand
November 16, 2022

Payment service provider Pinwheel is rebranding as Bankful as it shifts from serving smaller businesses to financial institutions of all sizes. According to a Wednesday (Nov. 16) news release, banks can now offer their clients integrations into website builders and eCommerce platforms like Wix. “This...