If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source of truth, a worldwide registry and roster of small business information, some of it self-supplied, that offers a real-time and...
The small businesses that are the backbone of each community across the United States are, collectively, the mainstay of everyday life. They employ millions who power spending and the economy. Yet these small businesses and even micro businesses have had their share of challenges, especially...
The White House says it has made it easier for small businesses to refinance debt. The Small Business Administration (SBA) announced a rule change Tuesday (Oct. 1) to its 504 Loan Program, which offers long-term, fixed rate financing for real estate and equipment with SBA-backed capital. “Coupled with...
Small businesses have a big problem: access to capital. And this big problem is an equally big opportunity for the lenders that can get it right. But for decades, banks and credit unions, often entrenched in legacy systems, have struggled to provide the seamless, efficient...
Embedded lending is growing in popularity around the world. It promises convenient, streamlined access to financing for specific expenses from within merchant, business and other platforms. This proves impactful for individuals and microbusinesses and small businesses (MSBs) that want to align their cash flow and...
Card issuer Marqeta has launched a partnership with small business banking platform Found. The collaboration, announced in a news release Thursday (Sept. 26), offers small- to medium-sized business (SMB) owners and self-employed entrepreneurs access to customized business banking capabilities via Found’s Marqeta-powered commercial card solution....
Last week, the Federal Reserve cut interest rates by half a percentage point. Now, The Wall Street Journal reported Thursday (Sept. 26), small business owners aren’t sure how to proceed. In some cases, the report says, the rate cut is prompting businesses to invest. For example, there’s Rental Concepts, a...
Embedded lending is growing in popularity around the world. It promises convenient, streamlined access to financing for specific expenses from within merchant, business and other platforms. This is true for individuals and microbusinesses and small businesses (MSBs) that want to align their cash flow and...
BILL has introduced new payment offerings for small businesses and accountants. The new capabilities, announced by the financial platform Wednesday (Sept. 25), include Local Transfer – an international payment option for small- to medium-sized businesses (SMBs) — along with upgrades to BILL’s instant payment and...