Many small and medium-sized businesses (SMBs) adhere to lean business practices where decisions to borrow money must be weighed against an array of factors including objectives, revenue levels, cash flow and expenses. This is likely why SMB executives tell PYMNTS Intelligence that what they look...
If you’re the proprietor of one of the 33 million small businesses in the U.S., odds are you have two pressing needs: Working capital and data. And those 33 million businesses are part of one of the economy’s fastest-growing sectors. According to the U.S. Census Bureau,...
Bank of America launched an online platform that connects small business owners with community development financial institutions (CDFIs). The new Access to Capital Connector enables small business applicants to answer questions to become pre-qualified and then connected with the platform participants that can best meet their needs, the...
On the face of it, eCommerce has all the hallmarks of magic, especially for small to medium-sized businesses. Imagine: You’re out to lunch with a circle of friends. One of them gets a ping on their cellphone for a brand they follow online, letting them...
JustPaid has added several accounts receivable (AR) and accounts payable (AP) reporting features to its platform that helps small- to medium-sized businesses (SMBs) manage their finances. These new features join the company’s artificial intelligence (AI)-powered platform that helps businesses make, receive and track payments; understand...
Small- to medium-sized businesses (SMBs) represent a puzzle that banks have long struggled to solve. SMBs need fast, flexible and digital-first solutions that help rather than hinder growth. However, their needs have been traditionally underserved by banking incumbents who view them as too small to...
With the news that inflation climbed upward last month, many small- to medium-sized businesses (SMBs) may find themselves walking a tightrope with even fewer safety nets in place than normal. In the best of times, most SMBs enjoy access to a variety of borrowing tools; however,...
Tide will launch its business financial platform in Germany, aiming to serve small businesses in Europe’s largest economy. Already available in the United Kingdom and India, the platform provides connected finance and admin solutions designed for small businesses that don’t have a finance function, the...
The traditional spigots of credit continue to tighten for small businesses. Blame higher rates, the continued fallout of the Silicon Valley Bank collapse last year, and skittishness on the part of lenders. The impact will hinder the ability of small businesses to capitalize on growth opportunities or...
