Main Street

The three million businesses that line the main streets and side streets of the local economies. These businesses are diverse and include retail shops, small grocery stores, personal services such as hair and nail salons and spas, hardware stores, local contractors, restaurants, trade services such as plumbers and electricians, and small manufacturers and wholesalers. The health of these businesses is directly related to the health of the local economies in which they operate, which is why their success is vital to the communities they serve.

Private Credit Booms as Main Street Firms Seek Capital Access 
Private Credit Booms as Main Street Firms Seek Capital Access 
January 15, 2024  |  SMBs

For corporates, especially smaller Main Street businesses, private credit (aka private debt) appears as an avenue through which they can get the capital they need....

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Online Sales Led Increased Revenue Expectations for Main Street SMBs in 2023
Online Sales Led Increased Revenue Expectations for Main Street SMBs in 2023
January 11, 2024  |  SMBs

With prices at high levels most of the year and with the overall economy recording moderate growth, 2023 was a challenging year for businesses, especially...

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72% of Main Street SMBs Prioritize Ease of Use When Selecting Payment Processor
72% of Main Street SMBs Prioritize Ease of Use When Selecting Payment Processor
January 05, 2024  |  SMBs

Whether it’s a quaint local shop, a cozy diner, or a busy salon, payment processors form the backbone of financial operations for small- t0 medium-sized...

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7 in 10 Main Street SMBs Use the Same eCommerce Platforms
7 in 10 Main Street SMBs Use the Same eCommerce Platforms
January 04, 2024  |  eCommerce

An online presence is a must for any business today, and online sales require a platform that allows consumers to have an easy, quick and...

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Nearly 1 in 3 Hospitality SMBs Rely on National Banks for Credit
Nearly 1 in 3 Hospitality SMBs Rely on National Banks for Credit
December 27, 2023  |  SMBs

Main Street small and medium-sized businesses (SMBs), which faced challenges during the pandemic and managed to stay afloat, are aiming to stabilize their finances in...

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Many Independent Restaurants Remain Social Media Holdouts Despite Digital Shift
Many Independent Restaurants Remain Social Media Holdouts Despite Digital Shift
December 20, 2023  |  SMBs

Even as restaurants agree on the importance of being accessible via digital channels, many independent eateries continue to abstain from social media platforms, PYMNTS Intelligence...

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Young SMBs Can’t Find Enough Business Financing
Young SMBs Can’t Find Enough Business Financing
December 15, 2023  |  SMBs

Working capital is the lifeblood of businesses of all sizes, and to those companies just starting, access to financing can mean the difference between stagnation...

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A Third of Retail SMBs Don’t Use Credit for Working Capital but Want To
A Third of Retail SMBs Don’t Use Credit for Working Capital but Want To
December 08, 2023  |  SMBs

Small- to medium-sized businesses (SMBs) facing limited access to funding are turning to external sources to finance their operations. However, access to credit remains a...

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Fed: Smaller Banks Report Pressure on Commercial Loan Demand
Fed: Smaller Banks Report Pressure on Commercial Loan Demand
November 30, 2023  |  Economy

The Federal Reserve’s Beige Book — released eight times a year — collects qualitative observations about current economic conditions across the central bank’s dozen districts....

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