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.

Why Lenders Should Stop Asking Small Businesses for 36 Months of Bank Statements
Why Lenders Should Stop Asking Small Businesses for 36 Months of Bank Statements
June 01, 2023  |  SMBs

Small businesses are the backbone of the economy, providing jobs and driving innovation. Hicham Oudghiri, CEO of Enigma Technologies, told Karen Webster, with a nod...

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Fed Lending, Business Formation Data Hint at Main Street Crunch
Fed Lending, Business Formation Data Hint at Main Street Crunch
May 17, 2023  |  SMBs

Data from the Federal Reserve and the Census Bureau hint at a looming crunch on Main Street. Specifically: The businesses that power the economy are...

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Debt Ceiling Showdown Could Affect Small Business Borrowing
Debt Ceiling Showdown Could Affect Small Business Borrowing
May 12, 2023  |  SMBs

Far from being just another noisy headline, the current Capitol slugfest could soon affect Main Street if left unresolved.  For many U.S. consumers, raising the...

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Small Businesses Turn to Cards and Digital Banks as Traditional Lenders Tighten Credit
Small Businesses Turn to Cards and Digital Banks as Traditional Lenders Tighten Credit
May 09, 2023  |  SMBs

Inflation, consumer cutbacks, and limited access to capital are all hindering small and medium businesses (SMBs), which are turning to digital tools to close gaps...

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Can Non-Traditional Data Sources Close the Funding Gap for Main Street? 
Can Non-Traditional Data Sources Close the Funding Gap for Main Street? 
May 02, 2023  |  SMBs

Small and medium-sized businesses (SMBs) have a big problem — their access to capital is shrinking. A historically underbanked segment, it is becoming more difficult...

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Card Payments Data Unlocks Small Business Credit Opportunities
Card Payments Data Unlocks Small Business Credit Opportunities
May 02, 2023  |  Payment Methods

Main Street is the soul of America, making small and medium-sized businesses (SMBs) its heart. That’s why it is worrisome that many Main Street SMBs...

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Main Street Merchant Recession Expectations Match Fed, Consumer Sentiment
Main Street Merchant Recession Expectations Match Fed, Consumer Sentiment
April 23, 2023  |  Economy

After pandemic and inflation woes, Main Street is digging in to face economic headwinds on the horizon. Small to medium-sized businesses (SMBs) seeking a chance...

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Main Street Push Dims as Goldman Books Loss on Marcus Loan Sale
Main Street Push Dims as Goldman Books Loss on Marcus Loan Sale
April 18, 2023  |  Earnings

Goldman’s Main Street push is receding a bit further into memory. By booking a $470 million loss on the partial sale of its book of...

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Independent Restaurants Are Without Emergency Funds to Weather Economic Challenges 
Independent Restaurants Are Without Emergency Funds to Weather Economic Challenges 
April 14, 2023  |  SMBs

PYMNTS research reveals most small hospitality firms don’t have cash reserves to fall back on. By the Numbers Research from the latest edition of PYMNTS’...

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