For restaurants, there’s a funding gap, a chasm between gaining access to the capital they need to thrive and grow and the traditional channels offering that capital. Mitchell Hipp, divisional vice president at Rewards Network, told PYMNTS the gap can present itself as the pain...
The White House says it is making it easier for underserved small businesses to get capital. The Biden administration announced in a news release Friday (Nov. 29) that the Small Business Administration (SBA) had increased the maximum loan amount backed by its Community Advantage Small...
Fiserv and ADP have partnered to offer U.S.-based small businesses a management system with capabilities across payroll, cash management and payments. The companies will create an integrated solution that brings together the capabilities of ADP’s small business payroll and human resources solution, RUN Powered by...
Enigma and Databricks are collaborating to deliver data on small- to medium-sized business (SMB) financial health signals to customers. With this data, customers can access financial health intelligence about more than 33 million businesses, based on a panel of more than 40% of U.S. card transactions,...
EverCommerce has expanded the capabilities of its platform for service-based small- to medium-sized businesses (SMBs) by adding artificial intelligence (AI) tools for compiling data. This data can inform small business owners’ decision-making in marketing, customer service and payments, the company said in a Monday (Nov....
Small and medium-sized businesses (SMBs) face challenges when securing credit, especially in an uncertain economy. Embedded lending, which integrates credit options directly into purchase platforms, offers a fast and convenient solution. But a key element of embedded lending is the need for SMBs to share...
Small- to medium-sized businesses (SMBs) have historically faced outsized challenges relative to their own footprint. From managing ever-growing tech stacks to optimizing cash flow amidst economic volatility, SMBs already have their work cut out for them when it comes to driving competitive differentiation versus their...
Human capital management software solutions provider Paychex has introduced a working capital offering. Paychex Funding Solutions, announced Tuesday (Nov. 12), is designed to provide small- to medium-sized businesses (SMBs) with fast access to capital as needed. “Lack of capital is the top reason that small...
You pays your money, you makes your choice. That old idiom does not apply to many small- to medium-sized businesses (SMBs), however. The PYMNTS Intelligence report “How Instant Ad Hoc Payments Benefit Digital-First SMBs,” in collaboration with Ingo Payments, found that strides are being made...