Category: Small Business News

U.S. Bank Set to Acquire Small Business Banking Service Bento

A FinTech and a major financial institution are coming together to offer better solutions to small business owners. This week, U.S. Bank announced plans to acquire the San Fransisco-based Bento Technologies — better known as Bento for Business. The purchase terms of the deal were not disclosed but the transaction is expected to close next month. Previously, Bento had raised a total of $18.5 million, with the most recent round...

Paychex Small Business Jobs Index Jumps in July

On the heels of news that the United States economy grew 6.5% last quarter, the latest Paychex | IHS Markit Small Business Employment Watch report found a sharp increase in small business job growth as well as a significant bump in hourly wages these businesses pay. In July, the Small Business Jobs Index increased by 0.85 points to reach 99.36. This actually marked the second largest single-month jump since 2010....

Square Launches Square Banking Suite for Small Business Owners

Over the past few years, Square has expanded from being a small business point of sale solution to offering a variety of financial services to consumers and business owners alike. Now, the company is furthering those efforts by once again focusing on the needs of small business owners. Following the debut of Square Financial Services — Square's industrial bank — in March, the FinTech recently rolled out Square Banking. Square...

Mastercard and MLB Announce Home Team Advantage Small Business Contest

Just in time for the annual All Star Game, this week, Mastercard and Major League Baseball announced that they were extending their long-held partnership. More importantly, the two entities also revealed that they're teaming up for the Home Team Advantage Small Business Contest. This edition of the contest is open to business owners in three baseball cities: Los Angeles, Boston, and Atlanta. One grand prize winner from each of these three...

FICO Announces "Score A Better Future" Virtual Event for Small Businesses

In recent years, FICO has hosted a number of public events intended to help consumers better understand their credit. Dubbed "Score a Better Future," past sessions have taken place in locations across the country. Now, FICO is partnering with the Small Business Roundtable, the National Association of Women Business Owners, and the United States Hispanic Chamber of Commerce to present a special Score A Better Future | Small Business virtual...

Amazon Highlights Small Businesses Ahead of Prime Day 2021

On June 21st and 22nd, e-retail giant Amazon will celebrate its annual Prime Day — its Black Friday-esque sales event. Ahead of those dates, the site is incentivizing support for small businesses. This includes allowing shoppers to earn a credit for shopping small, rewarding Amazon credit cardholders with additional discounts, and more. Now through June 20th, customers who make purchases from select U.S.-based small businesses will earn a $10 credit...

QuickBooks Data Highlights COVID's Financial Impact on Small Businesses

At long last, it seems as though the United States is slowly putting the pandemic behind it as vaccination rates increase and mandates are rolled back. As that happens, however, many small businesses are continuing to pick up the pieces from what's been a rough year for many. On that note, a recent report from Intuit QuickBooks shows just how much small businesses were hurt financially at the start of...

"Backing Historic Small Restaurants" Grant Program Awards $1 Million to Small Businesses

During the pandemic, numerous small businesses closed their doors permanently. Sadly, this included several long-time institutions, many of which had previously operated for multiple decades. Thus, in a bid to help ensure that some iconic small restaurants are able to weather the storm, more than $1 million in grant money is being given to those special spots.  Recently, American Express and the National Trust for Historic Preservation announced 25 recipients of...