small business

SumUp Raises $100 Million to Offer Merchants Cash Advances
SumUp Raises $100 Million to Offer Merchants Cash Advances
August 09, 2023  |  Alternative Finances

SumUp has raised a $100 million credit facility to launch a merchant financing solution. The British company’s Cash Advance tool offers advances of up to...

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SBA to Debut Changes to Boost Small Business Access to Credit
SBA to Debut Changes to Boost Small Business Access to Credit
July 31, 2023  |  SMBs

Sweeping changes to the federal program for small business lending will begin taking effect Tuesday (Aug. 1). Among the upcoming changes are simplified loan requirements,...

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Shopify Credit Adds Business Credit Cards to Streamline Small Business Working Capital Processes
Shopify Credit Adds Business Credit Cards to Streamline Small Business Working Capital Processes
July 26, 2023  |  eCommerce

Small and medium-sized businesses (SMBs), which play a crucial role in powering the U.S. economy, are facing increasing difficulties in accessing working capital and other financing.  ...

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Small Businesses Ask Customers for Working Capital
Small Businesses Ask Customers for Working Capital
July 13, 2023  |  SMBs

For smaller businesses, the lending spigots are tightening — at least at traditional financial services providers, the big banks that now are cautious amid rocky...

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Small Businesses Drive Amazon’s Prime Day New Record 
Small Businesses Drive Amazon’s Prime Day New Record 
July 13, 2023  |  Retail

Small businesses made this year’s Prime Day event the largest ever, contributing to more than 375 million items sold, even outpacing Amazon’s own retail business....

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On-Demand Insurance Provider Slice Labs Teams with First Connect on Small Business Coverage
On-Demand Insurance Provider Slice Labs Teams with First Connect on Small Business Coverage
July 12, 2023  |  Insurance

Slice Labs Inc., a provider of on-demand insurance services, announced a partnership with First Connect Insurance Services. Through this new alliance, independent agents from the...

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Fed’s Beige Book Sees Economic Headwinds and a Main Street Slowdown
Fed’s Beige Book Sees Economic Headwinds and a Main Street Slowdown
July 12, 2023  |  Economy

The Federal Reserve’s Beige Book offers a qualitative take on the state of the business realm, with an eight-times-a-year survey of banks and enterprises. The...

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14% of Small Businesses and Gig Workers Only Use Digital Banks
14% of Small Businesses and Gig Workers Only Use Digital Banks
July 12, 2023  |  Digital-First Banking

This next installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of digital-only banking. Traditional, brick-and-mortar banking through well-established...

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5 Key Things You Need to Know About the INFORM Act 
5 Key Things You Need to Know About the INFORM Act 
June 28, 2023  |  eCommerce

There’s a new law in town and it’s taking on organized retail theft and the trade of counterfeit and hazardous goods on digital platforms.  The...

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