Category: Small Business
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Small Business
JPMorgan Chase Introduces New Card Readers for Small Businesses
by Fioney Staff
It seems as though one big bank is looking to appeal to small business owners, introducing a new set of banking and payment solutions. This week, JPMorgan Chase announced the debut of its Business Complete Banking offering, which includes QuickAccept — a new mobile card reader tool that will allow businesses to accept credit cards and contactless payments. While the account will carry a $15 a month service fee by... Small Business
American Express Announces Virtual "Summit for Success" Event for Small Businesses
by Fioney Staff
American Express has announced that the 2020 edition of the Business Class LIVE: Summit for Success will take place on Tuesday, October 20th. While the Summit is typically held in person, this year's event will take place in a virtual campus from 9 a.m. to 5 p.m. EDT. This digital space will host seminars throughout the day, as well as give small business owners the opportunity to network. Not only... Small Business
Survey Finds Majority of Business Owners Feel Prepared for Another COVID-19 Wave
by Fioney Staff
With autumn approaching, fears that the current coronavirus pandemic will worsen continue to grow. However, armed with more experience and some enhanced technologies, small business owners are feeling better about handling things this time around. According to a survey from Comcast Business, 78% of small business owners say their businesses are prepared to handle an increase in COVID-19 cases. Leading this confidence were changes businesses made to the way they... Small Business
American Express Details “Coalition to Back Black Businesses” Grant Program
by Fioney Staff
This past week, American Express continued its efforts to support small businesses during these turbulent times. In this case, the company turned its attention to the Black community, helping to form the Coalition to Back Black Businesses Grant Program. The Coalition is a collaboration between four other organizations: the National Black Chamber of Commerce, the National Business League, the U.S. Black Chambers, Inc., and Walker’s Legacy. Amex's $10 million commitment... Small Business
SBA's 504 Loan Program Sees Record Lending Month
by Fioney Staff
At a time when thousands of small businesses across the country are struggling to stay afloat, it seems that some entrepreneurs are investing in future projects. As the National Association of Development Companies notes, the Small Business Administration completed a record number of loans under its 504 loan programs in the past month. During that time, the Administration approved a total of 1,462 loans amounting to $1,284,274,000. That more than doubles... Small Business
National Restaurant Association Survey Finds 1 in 6 Restaurants Remain Closed
by Fioney Staff
If you've noticed that a number of your local restaurants have stayed closed since the pandemic struck, you're certainly not alone. In fact, 56% of Americans surveyed said that locations in their community had closed for good. Moreover, as the National Restaurant Association reports, these closures could worsen in the coming months. According to the Association's survey, one out of six restaurants in the United States remain closed (either permanently... Small Business
Paycheck Protection Loans Could Complicate Small Business Acquisitions
by Fioney Staff
Earlier this year, as the coronavirus pandemic and the mandated closures that came with it battered the United States economy, Congress authorized the Paycheck Protection Program (PPP), which would be managed by the Small Business Administration (SBA). The idea was that entrepreneurs could obtain the funds necessary to keep their business afloat and keep their staff employed during the uncertain times. Then, provided they met certain requirements, part or all...