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Senate SMB Chair Warns Of Small Business Layoffs Without PPP Aid
Senate SMB Chair Warns Of Small Business Layoffs Without PPP Aid
August 05, 2020  |  Economy

Small businesses across the country could face a looming meltdown with massive layoffs should Congress fail to include more money for the Paycheck Protection Program...

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Paychex CEO: SMB Employment Is Dropping
Paychex CEO: SMB Employment Is Dropping
August 04, 2020  |  SMBs

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,...

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SEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan
SEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan
August 04, 2020  |  Loans

Eastman Kodak’s surprise announcement of plans to reinvent itself as a drug manufacturer has run afoul of the U.S. Securities and Exchange Commission (SEC), a...

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Grab Launches Microinvestment Solution, Consumer Loans, BNPL Plans
Grab Launches Microinvestment Solution, Consumer Loans, BNPL Plans
August 04, 2020  |  financial apps

Grab Financial Group (GFG), a Southeast Asia financial technology (FinTech) and ridesharing company, is expanding its reach with the announcement on Tuesday (Aug. 4) that it...

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Barrons: Online Lender Kabbage Shopping For Buyers
Barrons: Online Lender Kabbage Shopping For Buyers
August 04, 2020  |  Partnerships / Acquisitions

FinTech Kabbage could be seeking a sale, and in doing so, could look to garner up to $1 billion, according to sources quoted by Barron’s....

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Restaurant Association Seeks Lowering Revenue Limits In New PPP Plan
Restaurant Association Seeks Lowering Revenue Limits In New PPP Plan
August 03, 2020  |  SMBs

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...

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CEOs Predict ‘Wave Of Permanent Closures’ Unless More Relief Is Given To SMBs
CEOs Predict ‘Wave Of Permanent Closures’ Unless More Relief Is Given To SMBs
August 03, 2020  |  SMBs

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...

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HSBC Sees Profits Fall As Bad Debts Top $6B
HSBC Sees Profits Fall As Bad Debts Top $6B
August 03, 2020  |  Banking

HSBC, Europe’s biggest bank, has seen its profits plunge in the first six months of 2020, squeezed by low interest rates and the COVD-19 pandemic,...

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What SMB Owners’ Personal Credit Card Dependency Means For The Recovery
What SMB Owners’ Personal Credit Card Dependency Means For The Recovery
August 03, 2020  |  SMBs

For a significant number of small- to medium-sized businesses (SMBs), navigating through the economic headwinds wrought by the pandemic, in plastic they trust. Get the...

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