On April 3, the federal government launched a heretofore unprecedented program to funnel money to U.S. small businesses hit hard by the coronavirus pandemic. The Paycheck Protection Program (PPP) is a $350 billion segment of a $2 trillion federal stimulus package signed into law under...
Leaders on Capitol Hill were still at an impasse on Monday (April 13) over additional coronavirus relief as the current funding dwindles and is expected to run out by Friday (April 17). The stalemate over the size and execution of the next funding round for...
Financial institutions stand to make billions from the $350 billion coronavirus bailout package for small and medium-sized businesses (SMBs), according to a Financial Times (FT) report on Tuesday (March 31). The $2 trillion stimulus bill was passed on Friday (March 29) and announced that the...
Fundraising platform GoFundMe and Intuit QuickBooks have teamed up on an initiative to help small- and medium-sized businesses (SMBs) raise money while they’re facing challenges from COVID-19, the disease caused by the coronavirus, according to a press release. It’s called the Small Business Relief Initiative,...
Small- to medium-sized businesses (SMBs) were duped by salespeople from American Express (AmEx) who reportedly misrepresented card rewards and fees in an effort to close more approvals, according to a report from The Wall Street Journal (WSJ) Sunday (March 1). Some AmEx salespeople allegedly “strong-armed” SMB...
It’s no accident that technology companies that have historically not operated in the financial services space are expanding into the small business lending arena. With more SMBs embracing digitization, the apps powering that shift have gained access to troves of valuable data about their small...
Despite countless books, lectures and social media courses by ersatz millionaires sharing their foolproof “systems” from a beach house somewhere, there is no secret to creating a successful business. That said, the new Small Business Guide to Rapid Settlement Playbook contains at least one cardinal...
We live in an era when it is possible for a small business with a great product to go global almost overnight, thanks to the power of the internet and mobile commerce. Yet, the opportunities for growth have not resolved the age-old problem of tight...
Employee head count at U.S. small businesses remained stagnant last year, despite record growth among larger firms’ employment, The Wall Street Journal reported. American businesses with 20 employees or less have been sluggish to hire, according to Moody’s Analytics. In contrast, firms with 500 or...
