Republicans aim to overturn the Consumer Financial Protection Bureau’s (CFPB) 1071 Small Business Lending Rule, saying the rule is overly burdensome for small businesses and the lenders who serve them. “To sum it up, this rule is a backwards-looking, anti-small business solution in search of...
Lending-as-a-service solution provider Rapid Finance and spend management platform Ramp have partnered to provide small businesses with faster access to capital. Small businesses on Ramp’s platform can now gain preferred access to Rapid Finance’s financing options, the companies said in a Wednesday (Nov. 29) press release. “In this market, business...
The holiday weekend is here. And, as has been seen over more than a decade, Small Business Saturday, a mainstay of the retail landscape initially promoted by American Express and now tied to the U.S. Small Business Administration, is here again. Last year the “shop...
If startups are the lifeblood of Main Street businesses, and if optimism is what drives sole proprietors and small firms to make a go of it in the local community, might it be the case that the optimism is waning a bit? The latest data...
Triver, a working capital provider for small- to medium-sized businesses (SMBs) in the United Kingdom, has secured an additional 20 million pounds (about $25 million) in debt facility from Avellinia Capital. This funding will enable Triver to offer over 200 million pounds (about $251 million)...
The Biden administration says it is releasing new funding to help underserved small businesses. The $50 million in funding, announced Tuesday (Nov. 21), comes from the American Rescue Plan and will go to programs in 20 different states via the State Small Business Credit Initiative’s (SSBCI) Technical Assistance Grant...
In the Latin America and Caribbean (LAC) region, 40% of mid-sized companies use various working capital solutions to support planned growth, driving the highest average score of all regions worldwide. That’s according to “The 2023-2024 Growth Corporates Working Capital Index: LAC Edition,” a PYMNTS Intelligence...
Funding Circle, a U.K. small business lending platform, has partnered with Enfuce, a provider of embedded finance solutions. This partnership aims to launch a small business credit card as part of Funding Circle’s FlexiPay product, which offers small businesses in the U.K. a revolving line of credit...
Small businesses are reportedly reducing their software spending, hurting the businesses that make that software. As CNBC reported Thursday (Nov. 16), companies such as HubSpot, Bill, Paycom and ZoomInfo have all recently cautioned investors of potential declines in revenue from the small- to medium-sized business (SMB) sector. That’s left Wall Street uneasy,...
