Small- to medium-sized businesses (SMBs) facing limited access to funding are turning to external sources to finance their operations. However, access to credit remains a challenge, leaving them vulnerable in times of financial difficulties. This is particularly true among Main Street businesses, where nearly 34%...
Most small- to medium-sized businesses (SMBs) across industries use some kind of payment processor. The most common providers are PayPal, Square and Shopify, which are chosen mainly for their ease of use or low processing fees. However, more companies are requiring their payment processors to...
Mastercard’s Strive fund has awarded nearly $2 million in grants to organizations that support small businesses. The Strive Innovation Fund will support 11 organizations around the world, including those focused “on innovative digital solutions that support small businesses’ growth in environmental sustainability and data for market...
Bluevine, a digital banking platform for small businesses, has surpassed $1 billion in managed deposits by its small business banking customers. The accomplishment places Bluevine on par with the top 20% of Federal Deposit Insurance Corp.-insured banks and savings institutions in terms of deposit volume,...
Republicans aim to overturn the Consumer Financial Protection Bureau’s (CFPB) 1071 Small Business Lending Rule, saying the rule is overly burdensome for small businesses and the lenders who serve them. “To sum it up, this rule is a backwards-looking, anti-small business solution in search of...
Lending-as-a-service solution provider Rapid Finance and spend management platform Ramp have partnered to provide small businesses with faster access to capital. Small businesses on Ramp’s platform can now gain preferred access to Rapid Finance’s financing options, the companies said in a Wednesday (Nov. 29) press release. “In this market, business...
The holiday weekend is here. And, as has been seen over more than a decade, Small Business Saturday, a mainstay of the retail landscape initially promoted by American Express and now tied to the U.S. Small Business Administration, is here again. Last year the “shop...
If startups are the lifeblood of Main Street businesses, and if optimism is what drives sole proprietors and small firms to make a go of it in the local community, might it be the case that the optimism is waning a bit? The latest data...
Triver, a working capital provider for small- to medium-sized businesses (SMBs) in the United Kingdom, has secured an additional 20 million pounds (about $25 million) in debt facility from Avellinia Capital. This funding will enable Triver to offer over 200 million pounds (about $251 million)...