As small and medium-sized businesses (SMBs) on Main Street, USA increasingly make their offerings available online, many are looking to digital channels to expand to new areas, PYMNTS Intelligence findings reveal. By the Numbers The PYMNTS Intelligence study “Main Street Health Survey Q4 2023: eCommerce...
Nav has added a new “credit health experience” to its financial health platform for small businesses. The new Nav Credit Health helps small business owners understand their business and personal credit, learn how to improve them, and see how they can use both their current and...
Inflation is top of mind for the small businesses that power Main Street and the U.S. economy at large. Small business optimism hit its lowest level in more than a decade, according to a survey from the National Federation of Independent Businesses. “The small business sector is showing...
From time to time, most small and medium-sized businesses (SMBs) find themselves having to borrow money to meet short-term needs or unexpected expenses. But as PYMNTS Intelligence recently reported, many SMBs — especially those earning modest revenues — avoid borrowing whenever possible. One of the...
The Maryland Online Data Privacy Act of 2024, a proposed bill set to impact data collection and online privacy, successfully passed both the Senate and House of Delegates and now awaits approval by Gov. Wes Moore. The legislation, set to take effect by October 2025, marks a...
Small and medium-sized businesses (SMBs) and their owners are the backbone of local economies worldwide. And they haven’t had it easy, not recently. That’s because they have to big needs: streamlined access to capital to expand their businesses and keep the lights on, and the...
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...
