Access to business financing is crucial for small and medium-sized businesses (SMBs) on Main Street — firms generating less than $10 million in annual revenue and having physical locations from which they conduct their business within core commercial districts of cities or towns. But according...
Rising interest rates have reportedly helped fuel a spike in small business bankruptcies. As The Wall Street Journal (WSJ) reported Sunday (Oct. 1), the jump is being driven by filings under Subchapter V of the bankruptcy code, a relatively recent provision making it easier for...
Sage, a provider of accounting and financial technology, has partnered with Swoop, a FinTech company specializing in funding solutions, to provide business funding and cost-savings solutions. The partnership aims to provide small- to medium-sized businesses (SMBs) and their trusted advisors with easy access to a wide...
Small to midsized businesses (SMBs) on Main Street, U.S.A., view their payment processors favorably. With 85% of SMBs satisfied with their processor, those seeking to expand their client base must go above and beyond table stakes features and functionality to capture business from incumbents. In...
U.K. FinTech platform Apron is launching new small business products after raising $14 million. The Series A round, announced Thursday (Sept. 28), will help the London-based company create two products for small- to medium-sized businesses (SMBs) and their accountants, Apron founder and CEO Bogdan Uzbekov wrote on...
Zaid Rahman, CEO of Flex, told PYMNTS that the traditional channels through which small businesses manage their finances and their operations leave plenty of room for innovation, and for improvement. Most small to midsize businesses (SMBs) do not have the time or resources or staff...
The European Commission (EC) has proposed that all small and medium-sized businesses (SMBs) must be paid within 30 days. The new proposal for regulation on late payments in commercial transactions says that payment delays are “an unfair practice that compromises the cash flow of [SMBs] and hampers...
In recent years, TikTok has emerged as a powerful tool for small and medium-sized businesses (SMBs) looking to drive business growth. Its reach and engagement levels have transformed it into a digital marketing paradise, offering opportunities for SMBs to reach a massive audience without breaking...
Owners Bank, a new digital bank created to cater to the needs of small business owners, has launched a business credit card. This product aims to address the common challenges faced by small business owners when searching for a credit card that suits their requirements,...
