Main Street

The three million businesses that line the main streets and side streets of the local economies. These businesses are diverse and include retail shops, small grocery stores, personal services such as hair and nail salons and spas, hardware stores, local contractors, restaurants, trade services such as plumbers and electricians, and small manufacturers and wholesalers. The health of these businesses is directly related to the health of the local economies in which they operate, which is why their success is vital to the communities they serve.
Lenders and Vendors Catering to Commercial Spend Look to Lift Business Fortunes
Lenders and Vendors Catering to Commercial Spend Look to Lift Business Fortunes
July 17, 2023  |  Commercial Payments

Today’s future-fit commercial payment capabilities couldn’t have picked their go-to-market timing better. As businesses look to shape and refine their economic forecasts and downstream working...

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Personalized Loans Helps Small Businesses Break Their Funding Slump, Says Enigma COO
Personalized Loans Helps Small Businesses Break Their Funding Slump, Says Enigma COO
July 07, 2023  |  SMBs

The secret of getting ahead is getting started. After all, an object — or a business — in motion tends to stay in motion. But...

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Main Street Small Businesses May See Margin Relief as Producer Prices Fall
Main Street Small Businesses May See Margin Relief as Producer Prices Fall
June 14, 2023  |  Economy

The latest readings on inflation, released Wednesday (June 14), signal some margin relief for Main Street small businesses. And, by extension, consumers may see some...

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Inflation Slows, but Everyday Essentials Still Pinch Paycheck-to-Paycheck Consumers
Inflation Slows, but Everyday Essentials Still Pinch Paycheck-to-Paycheck Consumers
June 13, 2023  |  Economy

Wall Street is parsing the latest inflation data, gaming the odds of another Fed rate hike — or pause. And while the headline data show...

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Jobs Data Signal Main Street Small Businesses Foresee Resilient Consumer Demand
Jobs Data Signal Main Street Small Businesses Foresee Resilient Consumer Demand
June 02, 2023  |  Economy

Uncertainty reigns, but if the spate of jobs reports that marked a busy week of economic data show a trend, it’s that Main Street small...

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Why Lenders Should Stop Asking Small Businesses for 36 Months of Bank Statements
Why Lenders Should Stop Asking Small Businesses for 36 Months of Bank Statements
June 01, 2023  |  SMBs

Small businesses are the backbone of the economy, providing jobs and driving innovation. Hicham Oudghiri, CEO of Enigma Technologies, told Karen Webster, with a nod...

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Fed Lending, Business Formation Data Hint at Main Street Crunch
Fed Lending, Business Formation Data Hint at Main Street Crunch
May 17, 2023  |  SMBs

Data from the Federal Reserve and the Census Bureau hint at a looming crunch on Main Street. Specifically: The businesses that power the economy are...

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Debt Ceiling Showdown Could Affect Small Business Borrowing
Debt Ceiling Showdown Could Affect Small Business Borrowing
May 12, 2023  |  SMBs

Far from being just another noisy headline, the current Capitol slugfest could soon affect Main Street if left unresolved.  For many U.S. consumers, raising the...

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Small Businesses Turn to Cards and Digital Banks as Traditional Lenders Tighten Credit
Small Businesses Turn to Cards and Digital Banks as Traditional Lenders Tighten Credit
May 09, 2023  |  SMBs

Inflation, consumer cutbacks, and limited access to capital are all hindering small and medium businesses (SMBs), which are turning to digital tools to close gaps...

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