The U.S. will give out $10 billion in aid to new companies in an attempt to spur business in disadvantaged companies and broaden the recovery from the pandemic, The Wall Street Journal reported Saturday (Jan. 8). The State Small Business Credit Initiative will get the...
Most American businesses are smaller businesses, employing nearly half of all U.S. workers, according to the Small Business Administration. Even the COVID pandemic — and its resulting economic decline — was not powerful enough to keep those businesses from launching. More small and medium-sized businesses...
It could be said that small and mid-sized business banking suffers from a bit of a Goldilocks syndrome. That is, the mega-corporate clients get well-served by mega-corporate banks while the little companies and entrepreneurs often get folded into the consumer banking operations at their local...
Despite the pandemic’s impacts, small and medium-sized businesses (SMBs) continued to grow in the last year, with 32% more SMBs formed in 2020 than in 2019, according to an SMB-focused study on Next-Gen Commercial Banking. Read the report: Next-Gen Commercial Banking: Small Business Digital Banking Needs...
U.K. FinTech for businesses Cashplus Bank is rolling out a Business Creditbuilder tool in partnership with Equifax to help small- to medium-sized businesses (SMBs) increase accessibility to credit, according to a press release on Thursday (Dec. 16). The new tool is aimed at increasing lending...
Main Street businesses are enjoying a strong, if incomplete, recovery from the pandemic’s ongoing economic impacts, according to The Main Street Index, a PYMNTS and Melio collaboration. Get the study: The Main Street Index: How America’s Small to Mid-Sized Businesses Are Navigating the Post-Pandemic Economy The...
Customer data platform Sensibill has joined forces with accounting software company Freshbooks to offer better expense management for small business owners, according to a Thursday (Dec. 9) press release. As part of the collaborative effort, the companies are automating data entry and implementing optical character...
The online lender Kabbage has launched a service offering small businesses lines of credit, backed by its owner, American Express. Unveiled Wednesday (Dec. 8), Kabbage Funding offers credit lines of $1,000 to $150,000, designed to help small businesses manage their cash flow. “Most small business...
Main Street businesses — the small- to mid-sized businesses (SMBs) that represent the lion’s share of American commercial enterprises — are emerging from a chaotic year with the hope of a less fraught 2022. Despite SMBs’ long history of resilience, their long-term prospects and regional...
