Small Business News Archives - Page 14 of 28

Category: Small Business News

Small Business Mobile App

42% of Small Businesses Say They're Considering Building a Mobile App for Their Customers

These days, a major part of being a small business owner is determining which technologies and mediums to invest in and which to skip. For example, many businesses now see the value in social media and the barrier to entry for these platforms is fairly low. Similarly, having your own website may make sense for some operations, giving them greater flexibility than relying on third-party solutions. Still, there's one medium...
SBA seal

"Second Draw" PPP Loan Applications Open as Forgiven Loans Total $100 Billion

Last year, as part of the CARES Act meant to address some of the economic impact caused by the COVID-19 pandemic, the Small Business Administration introduced the Paycheck Protection Program. With this, small businesses could apply for loans that could then be forgiven if certain terms were met. The program proved popular, with initial funding running out in less than two weeks before another round was authorized. Now, thanks to...
PayPal logo

PayPal Commits Additional $5 Million to Black-Owned Small Business Grant Program

Even as the first COVID-19 vaccines begin distribution, the pandemic continues to impact millions of Americans. Among those hardest hit are small business owners — with Black business owners being disproportionately affected even among this group. Because of this reality, PayPal has announced that it will fund a grant program for Black-owned businesses with another $5 million. This $5 million comes in addition to the $10 million the company already...
Open Shop

Americans Fear For Small Businesses as 2020 Nears an End

This week, the first round of an approved COVID-19 vaccine begin shipping across the nation. As a result, many Americans are feeling a cautious sense of hope as a harsh year nears an end.
Open sign

Survey Finds Small Business Owners Less Confident in the Economic Conditions Ahead

As 2020 finally nears an end, small business owners and many others are already looking to the future. Unfortunately, while there are reasons to be hopeful, the immediate future may not seem all that different from our current reality. In fact, a recent survey from Bank of America found that entrepreneurs continue to worry about the long-term impacts that the pandemic will have on their businesses. First, according to Bank...
Open sign in window of a local business

Small Business Saturday Sales Reach Record $19.8 Billion

On November 28th, Small Business Saturday was celebrated once again. This year's event was the 11th to occur as the Amex-founded retail holiday celebrated its 10th anniversary. Now, new figures suggest that the 2020 installment of Small Business Saturday was a success, with total sales nearing $20 billion. According to the American Express 2020 Small Business Saturday Consumer Insights Survey, this year's event brought a total of $19.8 billion in...
Uber Eats and Postmates logos

Uber Announces Completion of Postmates Purchase

It's official: Postmates is now owned by Uber. This comes after the ride-sharing company announced a $2.65 billion all-stock acquisition of Postmates back in July. The result of the deal closing is one of the largest delivery services in the United States, second only to DoorDash. According to Engadget, Uber intends to keep Uber Eats and Postmates as separate brands while still integrating them on the backend, meaning a combined...
collage of black women entrepreneurs

American Express Commits $2.5 Million to "100 for 100" Program for Black Women Entrepreneurs

Continuing their commitment to supporting small businesses, this week American Express announced the 100 Black women entrepreneurs that have been selected to participate in the "100 for 100" program. Not only will the chosen women receive $25,000 in grants will also be able to utilize 100 days of business resources. These resources include business education, mentorship, and more. The 100 for 100 program was launched in partnership with IFundWomen of Color,...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...