SMBs

SMBs
The Small Business Case to Act Global, Look Local
March 01, 2022

Through the pandemic, the perspective of many small- to medium-sized business (SMB) owners changed. Many smaller firms may have kept their roots in brick-and-mortar operations — and then moved online. Robert Clarkson, chief revenue officer at Payoneer, told PYMNTS’ Karen Webster there’s been a shift...

SMBs
Embedded Banking, Digital Payments Help SMBs Hedge Inflation, Boost Cashflow
February 23, 2022

Generally speaking, businesses are feeling optimistic about their prospects as economies reopen — and they have incentives to invest in the technologies and initiatives that will make them more efficient. But inflation is on the rise, which is spurring more firms to manage their cash...

SMBs
Small Businesses Need Credit, Lenders Need a Better Way to Assess That Risk
February 11, 2022

Traditional credit scores — for decades, the prime metric to be granted or denied financing — is a bit of a relic, and in the aftermath of a global health and business crisis, it’s simply not that helpful. In a time of off-the-charts small business...

SMBs
SMB Confidence Drops Amid Inflation, Supply Chain Issues
February 08, 2022

American small business owners feel less confident about the country’s economy amid ongoing inflation and supply chain shortages, according to a survey from the National Federation of Independent Business (NFIB) released Tuesday (Feb. 8). “More small business owners started the New Year raising prices in...

SMBs
SEC Releases Agenda for Small Business Committee
February 07, 2022

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee has released the agenda for its next virtual meeting on Feb. 10, which will look into small business investment issues. The Committee provides advice and recommendations to the Commission on rules and policy matters...

SMBs
For Main Street Businesses, Innovation and Optimism Mark a ‘Return to Normal’
February 04, 2022

The pandemic brings us into 2022 with a sense of optimism. While that statement may seem counterintuitive as variants dominate headlines, Prashant Gandhi, chief buisness officer at Melio, told PYMNTS in a recent interview that Main Street small- to medium-sized businesses (SMBs) are well-prepared for...

SMBs
Financial Platform Sunrise Adds New Tools for SMBs
February 03, 2022

Bookkeeping and financial services platform Sunrise by Lendio has added several new functions to its free offerings: Tax Assist; Bank Reconciliation; Personalized Onboarding; and software-based invoicing tool Sunrise Plus, according to a company announcement Thursday (Feb. 3). Tax Assist, which is free for Sunrise users, includes...

SMBs
Higher Labor Costs Loom as 2022 Challenge for Main Street SMBs 
January 28, 2022

Inflation is everywhere. For smaller businesses, the ones that make up the backbone of the U.S. economy, the balancing act of managing increased costs and operational efficiency is getting harder. Modernizing a range of business processes can help. As for the rising costs: The tight...

SMBs
QuickBooks Launches 2 New SMB Tools
January 27, 2022

Intuit QuickBooks has unveiled two products designed to give small businesses and their employees faster access to their money. Announced Thursday (Jan. 27), the new offerings are QuickBooks Get Paid Upfront, which lets eligible QuickBooks Online customers eliminate the wait to be paid on outstanding...