PYMNTS

FEBRUARY 21, 2019

The San Francisco-based company reportedly owes tens of thousands of dollars to its food suppliers, many of which are small businesses, and some of which told reporters they were never warned by Munchery of its plans to shut down. One small food business, Three Babes Bakeshop, spoke with Marketplace about the saga.

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Shutdown On-Demand Small Business Checks 48

PYMNTS

JANUARY 8, 2021

There's no doubt that the small business community is facing a period of immense tribulation. In addition to navigating forced shutdowns and supply chain disruptions, business owners are now tasked with making some difficult decisions about how to keep their business alive, or whether to throw in the towel.

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Finance Small Business Credit Union Shutdown 92

PYMNTS

FEBRUARY 14, 2019

Small Business Administration (SBA) loans have found a new avenue through which they can reach small businesses. SBA loans can be used for working capital, acquisitions, equipment financing, startup financing, debt refinancing and other small businesses finance purposes.

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Shutdown Small Business Security Finance 40

PYMNTS

MAY 10, 2018

The initiatives are far-flung and varied, but each is marked by a common thread of serving small business needs as both the lenders and the borrowers seek growth. In one example, OurCrowd , which operates in the equity crowdfunding space, has struck up a partnership in Thailand with Bangkok Bank , boosting OurCrowd’s reach in Asia.

FinTech 49

FinTech B2B Small Business Central Bank 49

PYMNTS

NOVEMBER 2, 2020

Interestingly, the World Bank cited the pandemic and related shutdown as the main cause of the trend, pointing to lower wages and lost jobs as a key factor. Citing macroeconomic headwinds from the pandemic, Agrawal acknowledged a slowdown in B2B operations as corporate travel and global trade volumes remain suppressed.

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B2B Non-Bank On-Demand Volume 96

PYMNTS

SEPTEMBER 24, 2020

Turn the clock back a year and the world for small businesses was very different on the eve of the 2019 holiday-shopping season. According to Ingo’s data, only 37 percent of small businesses were citing cash flow as a major concern, down from more than 60 percent two years earlier. Making The Move To Modernization . .

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Checks ISOs Small Business Point-of-Sale (POS) 105

PYMNTS

SEPTEMBER 3, 2020

Cole said there continues to exist the “COVID-related phenomenon that’s happened to small businesses all over the country. The great digital shift has also had a ripple effect on the classic B2B model, particularly on supply chains, said Cole.

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Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

PYMNTS

APRIL 29, 2019

With first-quarter earnings reports rolling out, it’s time to take a look at the state of small businesses and how they fared for the first three months of 2019. Research also revealed new signs of an impending recession in the form of dwindling numbers of small business exits. Beyond the U.S.,

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PayPal Small Business Ransomware Shutdown 67

PYMNTS

AUGUST 12, 2020

As service providers in the business of disasters and disruptions, insurance companies have had a front-row seat to the ways the pandemic has affected their small business policyholders. But as Pogreb highlighted, small businesses also have an opportunity to change the way they interact with their insurance providers, too.

Small Business 91

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PYMNTS

FEBRUARY 18, 2019

The code noted that trade between businesses within the country amounts to over $550 billion annually, and that “no business exists in isolation, and everyone benefits when the nation has a viable and productive small business supplier base.”. Lingering Effects From Government Shutdown.

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Shutdown Payments Governance Government 49

PYMNTS

SEPTEMBER 18, 2020

Independent coffee shops weren’t totally tuned out when it came to digitization in the pre-COVID-19 world, but it wasn’t an area of focus for them, according to Tim Griffin, founder of small business payments platform Cloosiv and chief product officer of its new parent company, Odeko. And it’s been all hands on deck ever since.”.

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PYMNTS

DECEMBER 17, 2020

Interestingly, small business formation is at a multi-year high, as estimated by the Census Bureau. Small Business Solutions Matt Baker , Zoku Sushi CEO Charlie Yi and The Better Box owner Tamekah Bost said that innovations – particularly payments innovations – are helping to position them for a digital-first, and brighter, future.

Small Business 46

Small Business Shutdown Point-of-Sale (POS) B2B 46

PYMNTS

MAY 1, 2020

informed its small business customers that it submitted 220,000 applications this week to the PPP, with the information reportedly included in an email to clients whose loan applications had been submitted. Why It’s So Hard To Kill The Check In The Booze Business . ” JPMorgan Chase Submits Nearly $18B In PPP Loans.

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Audit Posting Cross-Border Shutdown 57

PYMNTS

JUNE 22, 2020

To get a sense of stagnant spending from the affluent can be damaging, consider the fact that, according to the paper, Small business revenues in the most affluent ZIP codes in large cities fell by more than 70 percent between March and late April, as compared with 30 percent in the least affluent ZIP codes.

Consumer 90

Consumer Small Business Push-to-Card Research 90

PYMNTS

APRIL 22, 2019

there has been a bit of groundswell to curb the harm that such late payments may do to small businesses (SMBs) that work with the federal government. It also comes in the wake of a government shutdown that stretched across five weeks, when SMB owners had to navigate sudden cash flow bumps and interruptions. However, in the U.S.,

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Governance Government Small Business Payments 43

PYMNTS

MAY 22, 2020

Le Garrec described his initial experience of the shutdown as something of a mad dash for survival. The restaurant sought out a state loan, an emergency Small Business Administration loan and a federal Paycheck Protection Program loan. “We “This is what it has been like all the way through. Powering The Pivot .

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Shutdown Returns Checks On-Demand 97

PYMNTS

MARCH 17, 2020

The coronavirus continues to have reverberations across the global stage, and is especially impacting developed economies, and in particular, the small businesses that are a key foundation of those economies. To get a sense of how smaller firms are being impacted, in a situation that is fluid on a day to day (hour by hour?)

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SARS Economy Shutdown Fed 64

PYMNTS

MAY 20, 2020

The majority of firms we talked to in our most recent survey of SMB owners believe that what’s happening now will mark a change in how they do businesses going forward. They think a shift to digital will be a feature that lasts well beyond the shutdown period. Will The Platforms Save Main Street?

PayPal 70

PayPal FinTech Small Business Shutdown 70

PYMNTS

APRIL 27, 2020

When the Paycheck Protection Program (PPP) debuted earlier this month, it was heralded by some observers as a lifeline for small businesses that power Main Street in the United States. There’s certainly a movement of SMBs doing … well, something to preserve operations as the shutdowns spread out across almost all US states.

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On-Demand Small Business Shutdown Payroll 67

PYMNTS

APRIL 7, 2020

Through small business finance broker Funding Options, around 20 alternative lenders will now have the power to receive open banking data directly to begin making loans, AltFi reported Tuesday (April 7). With the coronavirus pandemic causing shutdowns, lenders in the U.K.,

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Accreditation Shutdown Participant API 80

PYMNTS

JANUARY 17, 2019

After months of record highs, small business optimism has apparently begun a downswing — or has it? The latest research on the topic reveals a multifaceted view of small businesses’ economic and financial outlook in the U.S., for the forth month in a row, citing National Federation of Independent Business analysis.

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Small Business Research Shutdown Disputes 61

PYMNTS

JANUARY 18, 2019

The record-breaking government shutdown is at the center of debate, largely for its impact on unpaid government workers. While President Donald Trump authorized federal government workers to receive back pay when the shutdown is over, employees of vendors with government contracts are not guaranteed the same safety net.

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Shutdown Governance Government Payments 71

PYMNTS

DECEMBER 26, 2018

With the federal government in a partial shutdown, around 30 million small businesses will likely be impacted. The shutdown is the result of the Trump administration and Congress failing to reach a funding agreement that includes more than $5 billion the President wants to build his wall on the Mexican border.

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Shutdown Small Business Government Governance 43

PYMNTS

OCTOBER 21, 2020

The pandemic’s economic impacts have taken a toll on all businesses but in many ways, small- to medium-sized businesses (SMBs) have faced more harm than others. While the tenacity and resilience of small businesses have been inspirational, their day-to-day experiences have varied widely, U.S. Time For More PPP .

Small Business 56

Small Business Credit Union Laws Shutdown 56

PYMNTS

MARCH 20, 2020

And in data that speaks to credit, which of course helps these small businesses run day-to-day operations, as many as 32 percent said all credit needs have been met, and more than half said they were not interested in a loan.

Small Business 56

Small Business Shutdown Research On-Demand 56

CB Insights

OCTOBER 31, 2017

Most surprising was the sudden shutdown of Sprig, a startup in the beleaguered food-delivery space that first received funding in 2013. ” Title: Why is Finance for Small Business Still Broken? Dealstruck closed its doors after more than three years in business. The shutdown was a conscious business decision.

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Posting Product Online and Mobile Banking On-Demand 78