Small businesses represent 99.9% of American firms, yet effectively financing them remains an ongoing challenge. Small businesses are inherently risky — and many end up being short-lived operations. And while the demand for innovative lending solutions tailored for small and-medium-sized businesses (SMBs) continues to grow,...
This week, Mastercard and Visa reached a multi-billion dollar settlement that may bring an end to 20-year legal battle between the two financial giants and merchants. Merchants have long complained that the two card companies charge them excessive interchange or “swipe” fees when customers pay for...
Mastercard’s Strive fund has awarded nearly $2 million in grants to organizations that support small businesses. The Strive Innovation Fund will support 11 organizations around the world, including those focused “on innovative digital solutions that support small businesses’ growth in environmental sustainability and data for market...
The Biden administration says it is releasing new funding to help underserved small businesses. The $50 million in funding, announced Tuesday (Nov. 21), comes from the American Rescue Plan and will go to programs in 20 different states via the State Small Business Credit Initiative’s (SSBCI) Technical Assistance Grant...
December 05, 2023
Mastercard’s Strive fund has awarded nearly $2 million in grants to organizations that support small businesses. The Strive Innovation Fund will support 11 organizations around the world, including those focused “on innovative digital solutions that support small businesses’ growth in environmental sustainability and data for market access,” Mastercard said in a news release Tuesday (Dec. 5). According to […]
November 21, 2023
The Biden administration says it is releasing new funding to help underserved small businesses. The $50 million in funding, announced Tuesday (Nov. 21), comes from the American Rescue Plan and will go to programs...
April 02, 2020
The Federal Reserve Bank of Minneapolis President Neel Kashkari said on Thursday (April 2) that policymakers should be generous with the help that is extended to small businesses. In a...
