Successful Main Street business owners have always had to be resourceful and quick-thinking, but these capabilities have been tested more than ever during the past two years. Despite two years of upheaval, Main Street business owners look forward to the year ahead, hoping it will...
Will 2022 be the year of the “Scooby Doo” ending when FinTechs reveal their true ambition to dominate small and medium-sized business (SMB) banking at the expense of legacy banks? It’s a funny way of posing a serious question that’s intensified throughout the pandemic as...
Uber and Visa are teaming up to launch Grants for Growth, a program offering $1 million in funding and resources to small businesses in 10 U.S. cities that are currently active on Uber Eats. The scheme is being administered by the Local Initiatives Support Corporation...
Small restaurants’ challenges in the pandemic have not been alleviated, with the highly contagious omicron only adding to their problems, The Wall Street Journal reported Saturday (Jan. 9). Higher costs, bigger debts and consumer fears leading to emptier businesses have all piled onto restaurants. Restaurant...
The U.S. will give out $10 billion in aid to new companies in an attempt to spur business in disadvantaged companies and broaden the recovery from the pandemic, The Wall Street Journal reported Saturday (Jan. 8). The State Small Business Credit Initiative will get the...
Most American businesses are smaller businesses, employing nearly half of all U.S. workers, according to the Small Business Administration. Even the COVID pandemic — and its resulting economic decline — was not powerful enough to keep those businesses from launching. More small and medium-sized businesses...
It could be said that small and mid-sized business banking suffers from a bit of a Goldilocks syndrome. That is, the mega-corporate clients get well-served by mega-corporate banks while the little companies and entrepreneurs often get folded into the consumer banking operations at their local...
Despite the pandemic’s impacts, small and medium-sized businesses (SMBs) continued to grow in the last year, with 32% more SMBs formed in 2020 than in 2019, according to an SMB-focused study on Next-Gen Commercial Banking. Read the report: Next-Gen Commercial Banking: Small Business Digital Banking Needs...
U.K. FinTech for businesses Cashplus Bank is rolling out a Business Creditbuilder tool in partnership with Equifax to help small- to medium-sized businesses (SMBs) increase accessibility to credit, according to a press release on Thursday (Dec. 16). The new tool is aimed at increasing lending...
