PYMNTS-MonitorEdge-May-2024

SMB

View the latest news, analysis and trends in main street small business, their digital shift and key insights from main street businesses and innovators

Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
April 29, 2020  |  News

In today’s top news, WhatsApp is considering offering credit and lending to users in India, and the Bureau of Economic Analysis estimated that GDP dropped...

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Today In Payments: PPP Loan Site Flatlines On Second Opening Day; Apple Cuts Back Production For New iPhones
Today In Payments: PPP Loan Site Flatlines On Second Opening Day; Apple Cuts Back Production...
April 28, 2020  |  News

In today’s top news, the PPP loan website collapsed after launching its second round of funding on Monday (April 27), and Apple is cutting back...

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Why It’s So Hard To Kill The Check In The Booze Business
Why It’s So Hard To Kill The Check In The Booze Business
April 28, 2020  |  B2B Payments

 The new coronavirus swiftly impacted small- and mid-sized businesses (SMBs) rather harshly, with these entities now struggling to manage remote workers who need to send...

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SBA May Have Exposed Data Of 8,000 SMBs Seeking Relief Loans
SBA May Have Exposed Data Of 8,000 SMBs Seeking Relief Loans
April 22, 2020  |  Security & Fraud

Nearly 8,000 applicants for small business loans through the government’s Emergency Injury Disaster Loan (EIDL) stimulus program have possibly been affected by a data breach...

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Today In Payments: Public Businesses Reap PPP Relief; Grab CEO Says Company Facing ‘Tough Decisions’
Today In Payments: Public Businesses Reap PPP Relief; Grab CEO Says Company Facing ‘Tough Decisions’
April 21, 2020  |  News

In today’s top news, millions of dollars from the Paycheck Protection Program (PPP) have not gone to benefit small and medium-sized businesses (SMBs), and the...

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Amid Scramble For Fed Funds, Fundamental Question: Who’s An SMB?
Amid Scramble For Fed Funds, Fundamental Question: Who’s An SMB?
April 21, 2020  |  Economy

The middle of a deepening recession may not be the best time to play with semantics. But as the scramble for the $349 billion allocated...

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Today In Payments: Shake Shack To Give Back $10M PPP Funds; Uber Expands Delivery Options
Today In Payments: Shake Shack To Give Back $10M PPP Funds; Uber Expands Delivery Options
April 20, 2020  |  News

In today’s top news, Shake Shack said it would return the $10 million Paycheck Protection Program (PPP) loan from the government, and Uber expanded its...

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Main Street USA: 58 Percent Of Main Street SMB Retailers Say They May Not Survive The Pandemic
Main Street USA: 58 Percent Of Main Street SMB Retailers Say They May Not Survive...
April 16, 2020  |  Coronavirus

The Paycheck Protection Program (PPP) began accepting applications on April 3. Lawmakers and business leaders alike have high hopes for the program, believing it will...

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US Senate Fails To Pass Additional SMB Aid
US Senate Fails To Pass Additional SMB Aid
April 10, 2020  |  Coronavirus

A federal measure to provide additional relief for small and medium-sized businesses (SMBs) hurt by the coronavirus pandemic will have to wait. In a duel...

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