Small and medium-sized businesses (SMBs) need help with digital transformation and financial management in an uncertain business environment, and community banks and credit unions should see this as an opportunity that conservative estimates place north of $150 billion. “Let’s go back to times of crisis...
Finance and human resources suite finally has raised $200 million in new funding. The financing, a $50 million Series B from PeakSpan Capital and $150 million credit facility from Encina, will help the company bolster its small and medium-sized business (SMB)-focused offering, according to a Monday (Sept....
While no two small and medium-sized businesses (SMBs) are alike, many face similar challenges. And those challenges tend to be related to the widening gap in digital transformation when it comes to the back office and payments functions of SMBs versus their larger, enterprise peers. Still,...
Access to working capital is critical for the survival and growth of small businesses. And with the news from the National Federation of Independent Business (NFIB) Small Business Optimism Index released Tuesday (Aug. 13) that — despite ongoing cost pressures and macro headwinds — small and medium-sized...
August 15, 2024
There’s a difference between managing your business’s cash flow, and having it manage you. That difference is something small to medium-sized businesses (SMBs) know well, particularly those that find themselves facing working capital issues that pose challenges to their operational stability and potential growth. Navigating the complexities of cash flow management and working capital can […]
October 02, 2023
Access to business financing is crucial for small and medium-sized businesses (SMBs) on Main Street — firms generating less than $10 million in annual revenue and having physical locations from...
September 17, 2019
Checks. Spreadsheets. Mounds of paper. Opaque payments moving sluggishly across borders and between banks. There is a mountain of friction in commercial payments today that seems to have held the...
May 31, 2017
Only a small portion of micro-businesses will graduate to become small businesses, never mind medium-sized businesses. And yes, that’s partly because many of these businesses will fail. But according to...
September 09, 2024
Finance and human resources suite finally has raised $200 million in new funding. The financing, a $50 million Series B from PeakSpan Capital and $150 million credit facility from Encina, will help the company bolster its small and medium-sized business (SMB)-focused offering, according to a Monday (Sept. 9) press release. “Many SMBs today feel intense pressure to […]
June 04, 2024
The Small Business Administration (SBA) reportedly plans to launch a working capital pilot program that will include government-backed credit lines of up to $5 million. The pilot program is designed...
October 01, 2018
Business lending in Australia probably won’t face tougher loan regulation when it comes to small business loans. “The evidence and submissions provided to the commission did not reveal any great...
August 03, 2018
Barclays is the next traditional financial institution to strike a partnership with an alternative lender, announcing Thursday (Aug. 2) that it has invested in small business lending platform MarketInvoice. An...
