The pressures of inflation, of external shocks from geopolitics and supply chains will be too much for Main Street small and medium-sized businesses (SMBs) to bear. But then again, it ain’t necessarily so. It’s no secret that the smaller firms — the mom and pop...
Small business loan platform Funding Circle has teamed with DreamSpring, a nonprofit community development financial institution (CDFI), to increase funding access for small businesses in underserved communities. “Through this lending-as-a-service program, DreamSpring will be able to expand its distribution and impact throughout the nation and...
For small businesses — long the bedrock of Main Street — the cash crunch has never been more acute. No one needs to be reminded that inflation is among the toughest challenges right now, testing how far revenues and cash can be stretched to meet...
Truist Financial has made a $120 million commitment to support small businesses (SMBs), with a focus on Black, Latinx and women-owned enterprises. As the company said in a news release Monday (June 27), the pledge includes $30 million in philanthropic grants to support nonprofits that...
Tillful, a small business credit platform, will partner with Experian on making credit profiles for businesses that are new to credit or credit-invisible, a press release said. The making of new businesses is going strong, as there were more than 5.4 million new business applications...
Small business owners are reportedly struggling with hiring, with head counts down at smaller companies, The Wall Street Journal reported Monday (June 20). This comes even as larger firms are still seeing good amounts of employment, according to ADP payroll data cited by the Journal....
During the mad scramble of 2020 into 2021, “going digital” for small- to medium-sized businesses (SMBs) might have meant just bringing in a mobile point of sale (POS), or possibly something more complex. There is no one way, no boilerplate — and that makes lending...
Small business banking platform Lili is helping small- to medium-sized businesses (SMBs) grow a bit larger and faster with the rollout of new payment solutions and third-party integrations, according to a Thursday (June 16) press release. Lili has debuted a new app center, where entrepreneurs...
Platforms help connect small- to medium-sized businesses (SMBs) with the supply chains and customers they need to grow, but bridging customers, businesses and the payments ecosystem efficiently can be challenging. Payments innovation can be a difficult sell, even though most accounts payable (AP) and accounts...
