Small Business News Archives - Page 19 of 28

Category: Small Business News

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Paychex Partnering with Trio of FinTechs for PPP Loan Assistance

Several weeks ago, President Trump signed the CARES (Coronavirus Aid, Relief, and Economic Security) Act into law. This bill not only authorized direct payments to millions of American families but also included the Small Business Administration's (SBA) Paycheck Protection Program (PPP) intended to help small businesses and their employees. Famously, the initial $349 billion earmarked for PPP ran out in less than two weeks, with another $310 billion now being...
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Uber Introduces Courier Service in Select Markets, Putting Drivers to Work

Regardless of whether small businesses have been deemed "essential" or "non-essential" by their local governments, there's no doubt that their operations have been impacted. While some essential businesses have been making adjustments and even hiring more to meet demand, those in the non-essential category have had to get creative in hopes of producing revenue and keeping their employees paid. Speaking to that latter dilemma, this week Uber announced new courier...
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SBA Announces $349 Billion Paycheck Protection Program is Tapped Out

As part of the $2 trillion CARES (Coronavirus Aid, Relief, and Economic Security) Act passed by Congress and signed by the President, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) meant to help small business owners and their employees. These low-cost loans were not only meant to help businesses stay afloat at a time when local and state restrictions are asking non-essential businesses to shutter but also...
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OnDeck Now Accepting SBA Paycheck Protection Program Applications

When Congress voted to pass a more than $2 trillion dollar stimulus package meant to support the economy during the COVID-19 crisis, the element that stood out to most Americans was the $1,200 direct payments that would be sent to some taxpayers. However, for small business owners, it was the Paycheck Protection Program (PPP) that garnered the most interest. Unfortunately the program has seen a bit of a rocky start...
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GoDaddy Supporting GoFundMe's Small Business Relief Initiative with Donation, Widget

With the COVID-19 pandemic requiring most Americans to shelter in place, the majority of small businesses have seen severe impacts. In fact a recent survey found 87% of owners saying that their businesses have been hurt during this time, with 35% warning that they could be forced to close permanently if things didn't change within the next three months. Given the current situation, the popular crowdfunding site GoFundMe recently launched...
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87% of Small Businesses Say COVID-19 is Hurting Their Business

When turning on the news these days, you're likely to be hit with a barrage of numbers — from stats regarding the latest COVID-19 infections and deaths to the astounding unemployment figures. Although this data might not always be encouraging, it does help paint a picture of what's currently happening in our country. With that in mind, the finance site WalletHub recently conducted a survey of small business owners to...
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Plastiq Raises $75 Million For Stronger Pivot to Small Business Owners

Even in the midst of an unprecedented pandemic, it seems that deals are still getting done. This week Plastiq announced it had raised a whopping $75 million as part of its latest round. The Series D was led by B Capital Group, while existing investors Accomplice, Kleiner Perkins, Top Tier Capital Partners, and Khosla Ventures also participated. Previously the company saw a $27 million Series C in late 2018 and...
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Facebook Establishes a $100 Million Small Business Grant Program

For as much grief as Facebook often gets from regulators, politicians, and everyday citizens alike, the company has proven itself to be strong allies of small businesses nationwide and globally. Thus, in this time of unprecedented challenge to entrepreneurs, the social network is stepping up to help. Last week Facebook announced that it formed a new grant program that will give $100 million to small businesses. As TechCrunch reports, the...
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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...
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Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
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...