Martin Mucci, CEO of Paychex, the payroll processing and human resources company, said the amount of small- to medium-sized business (SMB) employment has fallen again, CNBC reported. The news comes after the amount of employment at SMBs seemed to be trending upward over the past...
The global pandemic has changed commerce fundamentally — a fact confirmed in Visa’s new Back to Business study. To say that consumers have shifted dramatically toward digital commerce — or that small- to medium-sized businesses (SMBs) all over the world have been rapidly pivoting to...
The National Restaurant Association sent a letter to prominent U.S. political leaders in protest of a modification to the Paycheck Protection Program (PPP) that would make most restaurants ineligible for further benefits. The letter is addressed to Speaker of the House Nancy Pelosi, Senate Majority...
Howard Schultz, the former CEO of Starbucks Corp., and dozens of other top executives urged Congress to support small- to medium-sized businesses (SMBs), including providing forgivable federal loans for those hardest-hit by the pandemic. In a letter addressed to House and Senate leaders and signed...
It’s closing time for many small businesses in New York City. As the pandemic drags on and federal aid runs low, many owners are calling it quits. The New York Times said a new report from the Partnership for New York City estimated that one-third...
For a significant number of small- to medium-sized businesses (SMBs), navigating through the economic headwinds wrought by the pandemic, in plastic they trust. And by plastic, we mean credit cards. The ripple effects may be negative ones for card giants. As CreditCards.com estimated, a bit...
When Fathom Unlimited Inc. needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., for help, The Wall Street Journal (WSJ) reported. But the New York consulting firm was on...
It’s been long said that small- to medium-sized businesses (SMBs) are the backbone of the American economy. That’s hard to argue with considering more than 99 percent of American firms are SMBs, 49 percent of the population works for one and they’re responsible for 46...
The Paycheck Protection Program (PPP), enacted to help small- to medium-sized businesses (SMBs) retain employees during the pandemic, was able to save around 2.3 million jobs through early June, Reuters reported, citing a paper co-written by economists at the Federal Reserve Board of Governors, Massachusetts...
