Howard Schultz, the former CEO of Starbucks Corp., and dozens of other top executives urged Congress to support small- to medium-sized businesses (SMBs), including providing forgivable federal loans for those hardest-hit by the pandemic. Get the Full Story Complete the form to unlock this article...
It’s closing time for many small businesses in New York City. As the pandemic drags on and federal aid runs low, many owners are calling it quits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
For a significant number of small- to medium-sized businesses (SMBs), navigating through the economic headwinds wrought by the pandemic, in plastic they trust. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
When Fathom Unlimited Inc. needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., for help, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to...
It’s been long said that small- to medium-sized businesses (SMBs) are the backbone of the American economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
The Paycheck Protection Program (PPP), enacted to help small- to medium-sized businesses (SMBs) retain employees during the pandemic, was able to save around 2.3 million jobs through early June, Reuters reported, citing a paper co-written by economists at the Federal Reserve Board of Governors, Massachusetts...
It would be much easier to name all the segments not hit hard by COVID-19 and the subsequent economic chaos it has unleashed than it would be to name all those that have been. But as is often the case during times of economic turbulence, the costs are...
The global pandemic’s emergence radically shifted the entire small- to medium-sized business (SMB) landscape almost overnight in terms of digitizing operations, according to Alex Burgin, vice president at Authorize.Net (a Visa solution), and Kirsten Potenza, CEO and founder of POUND – Rockout. Workout. Get the...
Cash flow is the lifeblood of Main Street small business. Under COVID-19 cash flow dried up almost overnight, triggering what’s starting to look like a kind of mass extinction of small and medium-sized businesses (SMBs). Get the Full Story Complete the form to unlock this...
