SMBs

Small and Medium businesses are privately owned corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation.

PPP Loan Program’s Flaw: It Pays To Be Jobless

PPP Loan Program’s Flaw: It Pays To Be Jobless
PPP Loan Program’s Flaw: It Pays To Be Jobless
May 05, 2020  |  SMBs

The $2.2 trillion CARES Act passed by Congress last month brought good news for the unemployed workers and small businesses. Get the Full Story Complete...

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Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
May 05, 2020  |  Retail

Digital lending marketplace BitX Funding, which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. The company has brought...

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Open Banking Targets Pain Points — And Global Expansion
Open Banking Targets Pain Points — And Global Expansion
May 05, 2020  |  B2B Payments

Open banking remains on track to proliferate across the globe, in spite of the coronavirus pandemic. Rather, market volatility may actually be propelling open banking’s...

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SMBs Have Only 69 Days Of Cash, Even With PPP
SMBs Have Only 69 Days Of Cash, Even With PPP
May 04, 2020  |  SMBs

Count entrepreneurs among the most optimistic souls in the universe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Autobooks Enables SMB Payments Via Accounting Portal
Autobooks Enables SMB Payments Via Accounting Portal
May 04, 2020  |  B2B Payments

To help small- to medium-sized businesses (SMBs) receive payment online, SMB payment and accounting platform Autobooks unveiled the rollout of a new initiative, according to...

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Most Of SBA PPP Loan Program’s Second Round Funding Already Spoken For
Most Of SBA PPP Loan Program’s Second Round Funding Already Spoken For
May 04, 2020  |  Loans

As small businesses try to beat the odds to get a piece of the latest round of first-come, first-served Paycheck Protection Program (PPP) money, $175...

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RBS Shutters Bó To Focus On SMB Challenger Bank Mettle
RBS Shutters Bó To Focus On SMB Challenger Bank Mettle
May 03, 2020  |  B2B Payments

Bó, the digital bank developed by U.K. High Street lender Royal Bank of Scotland (RBS), is being closed down by the British state-backed lender NatWest,...

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Texas Hotel Group To Give Back $70M In PPP Loans
Texas Hotel Group To Give Back $70M In PPP Loans
May 03, 2020  |  Loans

Texas hospitality group Ashford Inc. is buckling under pressure and will return $70 million in Paycheck Protection Program (PPP) loan money it received due to...

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Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process Half-Million Loan Applications
Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process...
May 01, 2020  |  News

In today’s top news, the U.S. savings rate surged in March due to the shaky coronavirus economy, and big banks have processed almost 500,000 applications...

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