Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S., Financial Times reported on Monday (Feb. 3). Goldman would use its latest lending technology to offer SMB loans on Amazon’s lending platform as...
Small businesses play a vital role in the U.S. economy. There are more than 30 million companies that employ less than 500 people, representing the vast majority of U.S. firms and a key engine of job growth in the country. However, there is one issue...
More than half of U.S. small businesses (SMBs) — 57 percent — reported revenue growth in 2018, although profits remained the same as in 2017, according to Forbes, citing the Small Business Credit Survey (SBCS). The annual survey — a 2019 study that gives insights...
When people joke about boring professions and industries, one can bet that insurance will almost always be one of the top targets of such humor. That’s a bit unfair, of course, given how vital insurance is to making the economy run, but that’s just how...
It’s not easy being small — especially in business, and often when it comes to banking and payments. The bigger players take up more space at the table, and, for various reasons, often face fewer barriers to market entry and expansion than small- and medium-sized...
Some small businesses have turned to an interesting place when in need of a cash infusion: GoFundMe. The donation platform’s CEO recently revealed that thousands of independent businesses have launched campaigns in 19 countries. “These independent businesses become pillars in a community, and when they can’t...
Merchant acquiring and payments firm Priority Technology has teamed with Company.com to provide access to its full stack of technology, services and payments solutions to Priority Technology’s clients. The partnership is designed to help Priority Technology extend its services portfolio beyond payments to include marketing,...
When the economy crashed in 2008, and fully bottomed out in June 2009 credit across the board froze. Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed...
The average SMB owners on the eve of starting their first business is a person with a passion. They have a good or service that they think they can offer-up — and can do it well enough and with sufficient joie de vivre that they...
