The ongoing coronavirus pandemic will cause the death of more than 100,000 small and medium-sized businesses (SMBs), triggering a tsunami of bankruptcies nationwide, new research shows. The average business has in excess of $10,000 in monthly expenses and barely enough cash on hand to survive...
In Toronto, a new service called DMS ShopHERE, powered by the Schulich School of Business, aims to help small companies and artists move their businesses online. The initiative will provide small to medium-sized businesses (SMBs) with aid in establishing online stores within days, setting up eCommerce...
Earnings season provides a wealth of data — of numbers and acronyms, a snapshot of balance sheet strengths or weaknesses. And often, drilling down into business segments and management commentary provides insight into just how we as a nation are faring, depending on where you...
Almost 60 percent of SMB retailers say they might not have enough cash on hand to get through the pandemic’s economic gut-punches, according to PYMNTS research. Surveys by PYMNTS have also found that most SMBs say they estimate they could last around nine days with just the...
The $2.2 trillion CARES Act passed by Congress last month brought good news for the unemployed workers and small businesses. For anyone collecting unemployment insurance, the measure provides $600 a week for 16 weeks in addition to the state benefit. For SMBs, the prospect of...
Count entrepreneurs among the most optimistic souls in the universe. While the coronavirus death toll continued to rise, nearly 70 percent of small- to medium-sized businesses (SMBs) said the pandemic and the loss of revenue were temporary aberrations before they got back to business once...
Since the launch of the Paycheck Protection Program (PPP) in early April, the single-minded focus of the U.S. Treasury, the banks approved to process PPP loans and the small- to medium-sized businesses (SMBs) clamoring for those funds was to get as many applications completed, approved and funds...
When the Paycheck Protection Program (PPP) debuted earlier this month, it was heralded by some observers as a lifeline for small businesses that power Main Street in the United States. On the face of it, $349 billion in emergency funding sounds like a lot, but...
The cascade of Americans seeking unemployment benefits continues. In the latest tally from the U.S. Labor Department (released on Thursday, April 23), 4.4 million more individuals filed unemployment claims, bringing the cumulative total to 26 million since the coronavirus forced businesses to start shuttering, temporarily...
