It’s been long said that small- to medium-sized businesses (SMBs) are the backbone of the American economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
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...
It would be much easier to name all the segments not hit hard by COVID-19 and the subsequent economic chaos it has unleashed than it would be to name all those that have been. But as is often the case during times of economic turbulence, the costs are...
The global pandemic’s emergence radically shifted the entire small- to medium-sized business (SMB) landscape almost overnight in terms of digitizing operations, according to Alex Burgin, vice president at Authorize.Net (a Visa solution), and Kirsten Potenza, CEO and founder of POUND – Rockout. Workout. Get the...
Cash flow is the lifeblood of Main Street small business. Under COVID-19 cash flow dried up almost overnight, triggering what’s starting to look like a kind of mass extinction of small and medium-sized businesses (SMBs). Get the Full Story Complete the form to unlock this...
Main Street small- to medium-sized businesses (SMBs) are a barometer for the economic vitality and the health of the broader U.S. economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A new law could make it easier for businesses to file for Chapter 11 bankruptcy and remain open, with more leverage for small businesses and easier ways to force negotiations with suppliers and landlords, The Wall Street Journal (WSJ) reported. Get the Full Story Complete...
Wells Fargo has come up with details of how it will donate the $400 million in processing fees that it raked in from the U.S. Paycheck Protection Program. In a press release, the company said it would use its new Open for Business Fund “to engage...
And now: Stimulus funding as a tool for public shaming. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
