SMBs

SMBs
Invoiv.com Launches Cash Management Platform for Small Businesses
August 14, 2024

Invoiv.com has launched a cash management platform designed for small- to medium-sized businesses (SMBs) in the United States and Canada. This software-as-a-service (SaaS) platform includes accounts payable (AP) and accounts receivable (AR) solutions together with online invoice generation tools with embedded payment links, the company...

SMBs
NFIB: Small Business Optimism Grows Amid ‘Plague’ of Cost Pressures
August 13, 2024

Small businesses in the United States are pessimistic about their prospects, but less pessimistic than two years ago. The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 2.2 points last month to 93.7, the highest reading since February 2022, according to a...

SMBs
COE Distributing CEO: Soaring Shipping Costs Hit Small Businesses Hard
August 05, 2024

In his testimony last month before the House Small Business Committee, COE Distributing Chairman and CEO J.D. Ewing highlighted the issue of soaring shipping costs impacting small businesses. Ewing, who has led COE — a family-owned office furnishings wholesaler based in Fayette County, Pennsylvania —...

SMBs
Earnings Season Shows Business Demand for Working Capital Remains Robust
August 02, 2024

Although all eyes this earnings season might be focused on consumer spending, there are several puts and takes on business demand for working capital, particularly from what might be termed non-traditional providers such as Block and PayPal. And, generally speaking, demand is robust. The demand...

SMBs
Embracing a Specialist Approach Helps Lenders Overcome Small Business Difficulties
August 01, 2024

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,...

SMBs
70% of Small Businesses Want Better Cash Management Services From Banks
July 31, 2024

Small to mid-sized businesses (SMBs) are contending with a perfect storm of financial difficulties: outdated payment systems, persistent inflation and delayed payments. These issues disrupt cash flow and hinder growth, exacerbated by inefficient manual accounting practices and reliance on paper payments. As inflation pressures margins...

SMBs
Cuba Bans Small Business From Using US Bank Accounts
July 26, 2024

Cuba has reportedly banned its small businesses from using U.S. bank accounts, just weeks after the Biden administration allowed Cubans to use the banking system. Havana’s decision comes at a time when the country is having its worst economic crisis since the collapse of the...

SMBs
Sage Enhances Payment Processing for SMBs With Stripe Integration
July 26, 2024

Sage and Stripe have partnered to help improve cashflow management and payment processing for small- to medium-sized businesses (SMBs). Stripe’s financial infrastructure platform for businesses will be integrated into Sage’s solutions for SMBs, providing Sage customers with more ways to pay and get paid, the companies said...

SMBs
Embedded Lending Finds Traction With Consumers and SMBs
July 25, 2024

Embedded lending promises users convenient, streamlined access to financing for specific expenses from within merchant, business and other platforms. PYMNTS Intelligence finds that embedded lending isn’t fully living up to the promise yet. Nonetheless, many individuals, microbusinesses and small businesses (MSBs) use it. In fact,...