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JPMC Halts Non-PPP SMB Loans

PYMNTS

The stimulus loans are guaranteed from the federal Small Business Association (SBA) and will cover about 2.5 times what a business makes as a wage bill, only applying to businesses which employ less than 500 people.

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NYC Considers A 15 Pct Cap On Delivery Fees

PYMNTS

He said adding restrictions on apps would only drive up costs for small business owners, slow down order volumes, and cause costs on customers to rise. Grubhub spokesman John Collins, in response to the news, told Bloomberg the proposed restrictions wouldn’t hold up.

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PPP Resumes Operation, But Delays Continue

PYMNTS

The Paycheck Protection Program (PPP), which is intended to distribute loans to small businesses affected by coronavirus pandemic shutdowns, resumed activity on Monday (April 27) and it wasn’t even a full day before more reports of now-familiar glitches and delays resumed as well. only about 1.6

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New Data: What COVID-19 Is Doing To Main Street SMBs

PYMNTS

For most small businesses, the dawn of the new decade was filled with optimism for their futures. For them, it all depends on how long the current lockdown/shutdown lasts and when consumer demand will return — and at what level. Consumer confidence was at an all-time high, and unemployment at an all-time low.

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As SMBs Grapple With Virus, No Assurance From Insurance

PYMNTS

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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Main Street SMBs Wax Optimistic On Surviving The COVID-19 Age

PYMNTS

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.

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CBI gift guide

CB Insights

Since then, Square (NYSE: SQ, Mkt Cap: $13.7B) has evolved its product and service line into a much broader suite, encompassing small business loans, payroll, food delivery, P2P payments, and more. Silicon Valley Business Journal. I love you. Anand @asanwal.