Even small changes may reap cost-cutting rewards for small businesses seeking to weather 2023’s projected rocky road. Economic news over the past few days has felt grim. Grocers are seeing even their higher-income customers buy less, and interest rate hikes are influencing the shopping behaviors...
Embedded lending firm iwoca has raised new finance to meet a rising level of demand. The firm has increased its funding line from £125 million ($153 million) to £170 million ($208 million) with Pollen Street Capital. It’s also increasing funding lines with other existing lenders,...
Small businesses have traditionally struggled to access the same trade finance as their larger peers. In an interview with PYMNTS, Sandra Nolasco, CEO at Madrid-based trade finance platform Twinco Capital, said that the problem boils down to the way traditional lenders assess creditworthiness. According to...
Comerica Bank has launched a co-op to help its small business clients expand and prosper. “The backbone of our economy, small businesses account for 99.9% of all U.S. and 99.8% of all Texas businesses,” the Dallas-based bank said in a news release Thursday (Jan. 26)....
Mercado Labs has launched an import management system tailored to small and medium-sized businesses (SMBs). The new Mercado Lite enables SMBs to digitally manage purchase orders, at a monthly cost that is lower than that of the medium and enterprise tiers of the company’s import...
Small- to medium-sized businesses (SMBs) have reportedly returned to traveling more quickly than corporates. The amount of money spent on business travel by SMBs has rebounded to 80% of pre-pandemic levels, while that by global and multinational firms lags behind at 61%, The Wall Street...
U.S. Bank is launching a card for small business “road warriors” with big expenses. The bank will debut the Business Altitude Connect World Elite Mastercard by the end of February, the company said in an announcement provided to PYMNTS Thursday (Jan. 19). The card is...
Access to working capital remains a critical pain point for small- to medium-sized businesses (SMBs). Unlike larger companies who commonly enjoy longstanding relationships with their preferred financial institutions, SMBs often need additional help accessing sources of capital. These cash flow concerns can lead to SMBs needing...
Savvy small- to medium-sized businesses (SMBs) may consider prioritizing automating accounts payable (AP)/accounts receivable (AR) systems to slash price tag hikes while dispensing of manual involvement headaches. Some companies are leveling off or rolling back price increases in the coming year after pandemic-related and supply...
