For small businesses with limited geographic presence, the online channel constitutes an opportunity to expand their customer base and drive sales growth. At the same time, however, there are challenges. Beyond the necessary resources and capabilities to operate an online business, security and marketing are...
For corporates, especially smaller Main Street businesses, private credit (aka private debt) appears as an avenue through which they can get the capital they need. And for the lenders, the opportunity is ripe to tap into a market worth trillions of dollars. As has been...
With prices at high levels most of the year and with the overall economy recording moderate growth, 2023 was a challenging year for businesses, especially for the most vulnerable small and medium-sized businesses (SMBs). However, signs of recovery were observed at the end of the...
The cost of doing business is top of mind for Main Street’s small businesses. The National Federation of Independent Business detailed in its Tuesday (Jan. 9) survey of small business optimism that small businesses, in the words of NFIB Chief Economist Bill Dunkelberg are “very...
Whether it’s a quaint local shop, a cozy diner, or a busy salon, payment processors form the backbone of financial operations for small- t0 medium-sized businesses (SMBs) in the United States. These processors play a pivotal role, streamlining the payment journey as well as enabling...
Managing cash flow is an essential aspect of running a small- to medium-sized business, and business credit cards can be a valuable tool. In October, 22% of Main Street SMBs used business credit cards to face contingencies, while 15% did the same in July, and...
Main Street small and medium-sized businesses (SMBs), which faced challenges during the pandemic and managed to stay afloat, are aiming to stabilize their finances in the current inflationary market conditions. According to PYMNTS Intelligence, these businesses require assistance in meeting their financing requirements to steer...
Even as restaurants agree on the importance of being accessible via digital channels, many independent eateries continue to abstain from social media platforms, PYMNTS Intelligence reveals. By the Numbers The report “Main Street Health Q4 2023: eCommerce Protects Main Street SMBs’ Bottom Line in a...
A group of Republican lawmakers wants the government to delay new small business reporting requirements. Starting Jan. 1, many businesses will be required to provide the government with beneficial ownership information, or “identifying information about the individuals who directly or indirectly own or control a...
