Chris Hendrickson, senior vice president of small business strategy at Comerica, and Scott Steinberg, chief product officer and chief operating officer of Enigma, said a multidimensional underwriting process is needed to give a critical lifeline to companies seeking to navigate an uncertain macro environment — and to grow....
B2B payments platform Melio has debuted a tool to help small businesses access capital. The company’s Pay Over Time product lets small- to medium-sized businesses (SMBs) pay vendors and business bills in monthly installments, while their suppliers are still paid on time and in full, according to a Tuesday...
Sweeping changes to the federal program for small business lending will begin taking effect Tuesday (Aug. 1). Among the upcoming changes are simplified loan requirements, more widespread automation and an expansion of the number of nonbank lenders that are licensed to issue Small Business Administration...
PayPal Holdings has announced the return of the Venmo Small Business Grant. This second iteration of the grant program will provide 20 small businesses with financial grants of $10,000 each and mentorship on topics such as financial analysis, digital marketing, legal services and more, the company said...
The creators are creating content, yes — but an economy too. Your favorite influencer is available at the tap of a screen. That influencer can steer you to the products and services — and the merchants — you’d otherwise not encounter, were it not for Snapchat or Instagram....
Loyalty to ice cream? That seems like a task many would be willing to take on. But what if you lack the recognition of a widely known household name? How does one navigate the competitive landscape when pitted against established giants like Breyers or the...
For smaller businesses, the lending spigots are tightening — at least at traditional financial services providers, the big banks that now are cautious amid rocky macro trends. And that’s spurring at least some SMBs to consider new financing avenues — including tapping their customer bases...
For businesses of all stripes — but particularly smaller Main Street firms — margins are in focus. Inflation has had an impact on these companies, as input costs have risen. The price of everything from lumber to wholesale goods to gasoline has been volatile. PYMNTS...
Google is offering businesses a way to schedule paid appointments through its Calendar tool. The company’s Workspace team has partnered with payments company Stripe to offer this function, according to a Monday (July 10) blog post. With this change, appointment providers can connect their Stripe account to Calendar when...