For Main Street businesses, to say 2020 was challenging is an understatement. The good news, according to PYMNTS data, is that as 2020 is coming to a close, small- to medium-sized businesses (SMBs) are feeling genuinely more confident about their odds of continued survival than...
When the $900 billion coronavirus relief bill is finally enacted, $325 billion in aid will be earmarked for small- to medium-sized businesses (SMBs). The bulk of those SMB funds, $284 billion, are contained in a slightly modified version of the Paycheck Protection Program (PPP). SMBs...
The year 2020 has been a wild ride, and certainly one for the books in just about every corner of the commerce ecosystem. In fact, Kathleen Fiorello, head of U.S. partner acquisition and global capabilities at American Express, told PYMNTS in a recent Masterclass discussion...
Advertisers from small- to medium-sized businesses (SMBs) are complaining about Facebook‘s automated ad program, saying random and unwarranted account lockouts are damaging their businesses, Bloomberg reported. One digital advertiser quoted by Bloomberg, Chris Raines, said his account suddenly stopped working in the middle of setting...
As PYMNTS researchers recently wrote, “news of the availability and distribution of COVID-19 vaccines has Main Street SMBs feeling optimistic about their chances of survival, yet uncertainty remains around when things will return to business as usual. PYMNTS’ research shows that a significant gap exists...
The COVID-19 pandemic has been hard on everyone – consumers, businesses, government officials and healthcare workers – but the pain has been far from evenly distributed over the past nine months. Small and medium-sized businesses (SMBs) have unfortunately found themselves at or near the top...
The Visa Foundation has launched several new initiatives aimed at providing nearly $5 million in capital to minority-owned small and micro-businesses (SMB) to help them weather the ongoing COVID-19 pandemic. The new push also includes a mentorship program for minority-led SMBs and the release of...
Mastercard is working with Create & Cultivate, which caters to working women, to create a new “digital holiday experience that spotlights womxn-owned” small- to medium-sized businesses (SMBs), according to a press release emailed to PYMNTS. The term “womxn” is “an alternative spelling to avoid the...
New Paycheck Protection Program (PPP) data from the Small Business Administration (SBA) indicates that aid moved to small businesses as well as bigger companies. The agency’s disclosure offered the names, addresses and exact loan amounts of millions of entities that took out PPP loans, The...
