Legacy banks are famously risk-averse, and the pandemic hasn’t improved that. Tightening of the credit markets during lockdowns up to now has beset small and medium-sized businesses (SMBs) seeking capital from traditional sources that lost their appetite for risk. Get the Full Story Complete the...
The first year of any business is a time full of surprises and making adaptations when conditions go from being theoretical to becoming concrete realities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation. A bustling Main Street signals a vibrant and...
J.P. Morgan Chase CEO Jamie Dimon estimated the federal Paycheck Protection Program (PPP) has saved as many as 35 million jobs by delivering the Small Business Administration‘s emergency forgivable loans to small- to medium-sized businesses (SMBs) impacted by the pandemic, according to NBC News. Get...
Martin Mucci, CEO of Paychex, the payroll processing and human resources company, said the amount of small- to medium-sized business (SMB) employment has fallen again, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The global pandemic has changed commerce fundamentally — a fact confirmed in Visa’s new Back to Business study. 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...
The National Restaurant Association sent a letter to prominent U.S. political leaders in protest of a modification to the Paycheck Protection Program (PPP) that would make most restaurants ineligible for further benefits. Get the Full Story Complete the form to unlock this article and enjoy...
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...
