Small Business News Archives - Page 2 of 28

Category: Small Business News

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Small Business News

2023 Small Business Saturday Sees $17 Billion in Spending

by Kyle Burbank
American Express has released results from the 14th annual Small Business Saturday event. About this year's sales: According to initial projections via the Amex 2023 Small Business Saturday Consumer Insights Survey, consumers in the United States spent a total of $17 billion at small businesses on Small Business Saturday. That figure puts it below last year's $17.9 billion total and well off the record $23.3 billion seen in 2021. In...
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Small Business News

Amex Announces Special Offers Ahead of Small Business Saturday

by Kyle Burbank
With the 2023 edition of Small Business Saturday taking place tomorrow (November 25th, 2023), American Express has announced plans for the occasion. About Amex's offerings: American Express is preparing to celebrate the 14th annual Small Business Saturday. As part of that, the company plans to introduce a "Door to Shop Small" augmented reality experience. Customers can currently engage with small business products via the AR experience while physical blue doorframes...
Zil Money logo
Small Business News

Zil Money Introduces Credit Card Payroll Payment Feature

by Kyle Burbank
The FinTech Zil Money is introducing a unique way for small businesses to fund their payroll. About the feature: Zil Money has announced the launch of its Payroll by Credit Card feature. As the name implies, this allows businesses to fund their payroll using a business credit card. In turn, business owners can earn rewards while streamlining their payroll. Additionally, this method could help with cash flow. According to Zil,...
Open business sign
Small Business News

QuickBooks Report Shows 20% Increase in Credit Card Spending

by Kyle Burbank
A new Intuit survey comprised of data from more than 5,000 small businesses in the United States, Canada, and the United Kingdom along with anonymous data from 3.4 million Intuit QuickBooks customers found that business owners are increasingly relying on their credit cards for funding. About the report: According to the 2023 Intuit QuickBooks Small Business Index Annual report, business owners spend an average of 20% more on credit cards...
AMEX Business Gold Card on a notebook and pen
Small Business News

Amex Revamps U.S. Business Gold Card, Increases Annual Fee

by Kyle Burbank
American Express has announced some updates to its Business Gold Card in the United States, including new rewards categories and credits as well as an impending hike in the annual fee. About the updates: As it previously has, the Business Gold Card will continue to earn 4x points on the business's top two eligible spending categories each billing cycle (capped at $150,000 in combined purchases per calendar year). However, the...
collage of Square Online Themes
Small Business News

Square Introduces New Features for Small Businesses

by Kyle Burbank
With the holiday shopping season quickly approaching, Square has introduced new features for online sellers and other small businesses. About the new features: The popular small business platform Square has unveiled a new suite of tools for sellers. First, Square Online has introduced Themes. Currently, this includes 19 pre-built design templates with customizable elements such as colors, fonts, and branding. This will not only allow online sellers to elevate their...
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Small Business News

BMO Expands Zero Barriers to Business Program to 22 States

by Kyle Burbank
BMO has expanded one of its programs for minority small business owners. About the program: This week, BMO announced that its Zero Barriers to Business program had expanded. The program seeks to provide inclusive banking products to historically underserved groups, including Black, Latino, Native, and Women-owned businesses. Moreover, Zero Barriers to Business is part of the larger MBO EMpower 2.0 initiative. Originally launched in December 2020 with pilot programs in...
holding a Capital One Venture X Business Card in front of a computer
Small Business News

Capital One Officially Launches Venture X Business Card

by Kyle Burbank
A business version of a popular rewards card is now available to small business owners. About the card: After previously being offered exclusively to customers with a Capital One Relationship Manager, Capital One has officially launched the Venture X Business card, allowing small business customers to apply online. Like the consumer version of the card, the Venture X Business earns unlimited 2x miles on all purchases. Additionally, cardholders can earn...
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Credit Score Guide

A Guide to Building Credit and Increasing Your Credit Scores

by Kyle Burbank
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...
Checking Account Review

2024 SoFi Checking and Savings Review

by Kyle Burbank
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...
Brim logo
FinTech News

Brim Financial Raises $85 Million as It Eyes Global Expansion

by Kyle Burbank
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
Credit Card News

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

by Kyle Burbank
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,...
Small Business News

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

by Kyle Burbank
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...