Pathward, N.A., announced the release of its “Small Business Credit Habits and Needs” report, which found that while one in three small businesses have struggled with cash flow in the changing economy, 70 percent consider themselves to be in growth...
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February 27, 2024, 07:17 AM
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A credit crunch has descended upon small business owners nationwide hindering their growth and causing some to say that if it continues, they’ll be forced to close. A new nationwide survey from Goldman Sachs 10,000 Small Businesses Voices shows 78...
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October 26, 2023, 07:00 AM
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Inflation was identified as one of the top business concerns impacting small businesses, according to the results of the 2023 Small Business Survey, released by TD Bank. The survey collected insights from over 500 small business owners (SBOs), with...
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June 27, 2023, 07:00 AM
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Small business filings, captured as subchapter V elections within Chapter 11, increased 81 percent to 157 in April 2023 from 87 in April 2022, according to data provided by Epiq Bankruptcy. All Chapter 11 filings increased 32 percent in April 2023 to...
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May 03, 2023, 07:23 AM
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The majority of U.S. small business owners (72 percent) are concerned about the impact of a potential recession, however, 76 percent are confident their business could withstand the downturn, according to the Bank of America 2023 Small Business Owner...
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April 28, 2023, 07:22 AM
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Based on the results of PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 6, it appears that resilient business owners are defying predictions of an economic downturn later this year. In fact, business owner...
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February 28, 2023, 07:13 AM
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Chase announced it intends to hire more than 500 small business bankers over the next two years as part of the firm’s ongoing efforts to expand small business relationships and increase access to credit, advice and education, while helping small...
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February 09, 2023, 07:17 AM
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Provident Bank released the results of its 2023 Economic Outlook Survey. The survey polled 1,000 small-to-medium-sized business owners and executives and explores predictions for 2023’s economic outlook in addition to measuring respondents' thoughts...
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January 13, 2023, 07:03 AM
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The Bank of America Institute released a new publication which finds continued resilience in small businesses. New Bank of America small business data shows that, despite economic headwinds, small businesses continue to strengthen in a variety of...
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September 19, 2022, 07:07 AM
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Amur Equipment Finance, Inc. announced another strong quarter for its origination growth, driven by a record number of processed applications. Amur has consistently invested in expanding its reach to small businesses and is pleased to announce a...
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July 07, 2022, 07:23 AM
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Small business owners continue to struggle to increase their workforce with 29 percent of owners reporting labor quality as their top business problem in November, a 48-year record high. Ten percent of owners cited labor costs as their top problem...
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December 07, 2021, 07:00 AM
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KeyBank announced it extended 947 loans for a total of $434 million during the SBA's FY 2021, more than doubling its number of unit loan approvals to individual small businesses from 2020. The volume secured KeyBank a top 10 position out of over...
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October 08, 2021, 07:15 AM
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The NFIB Research Center released a quarterly Small Business Economic Trends industry report highlighting the construction, manufacturing, retail and services industries. NFIB’s July Small Business Economic Trends report showed the overall Optimism...
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September 07, 2021, 07:12 AM
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Wells Fargo & Company announced it received the 2021 Apex Award and the 2021 Gramercy Banking and Credit Union Award in honor of its online Small Business Resource Center, which debuted in July 2020 to help small business owners amid the COVID-19...
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August 06, 2021, 07:05 AM
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Wells Fargo & Company announced Derek Ellington will join the company on Oct. 18 as the head of Small Business Banking. He will report to Consumer & Small Business Banking CEO Mary Mack.Ellington joins Wells Fargo from Bank of America where his...
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July 23, 2021, 07:21 AM
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The NFIB Small Business Optimism Index declined in January to 95.0, down 0.9 from December and three points below the 47-year average of 98. Owners expecting better business conditions over the next six months declined seven points to a net negative...
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February 17, 2021, 07:15 AM
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Balboa Capital announced the results of its “Small Business Trends for 2021 Survey” which was conducted to uncover key insights about emerging business trends for the new year. The survey, which was sent to a sample of small business owners and...
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February 03, 2021, 07:20 AM
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Balboa Capital, a direct lender that specializes in equipment financing and small business loans, today announced the results of its latest survey, which was conducted to gain a better understanding of small business performance during the COVID-19...
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October 14, 2020, 07:00 AM
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NFIB’s Research Center released the latest survey relating to COVID-19 and its impact on the small business economy. The majority of Paycheck Protection Program (PPP) borrowers have used all of their loans and are preparing to apply for...
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October 12, 2020, 07:15 AM
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For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining the tech-savvy workforce needed to make it all happen, according to a new...
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September 17, 2020, 07:20 AM
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A new equipment finance partnership has been established between NFS Leasing, Inc. and small business Ann Arbor Welding Supply Company in Michigan. The family-owned and operated firm possessed a complex story that traditional lenders were having...
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September 09, 2020, 07:05 AM
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The NFIB Research Center released a Small Business Economic Trends Industry-specific survey highlighting the construction, manufacturing, retail and services industries. NFIB released a previous quarterly report in May 2020.“Small businesses are...
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September 08, 2020, 07:10 AM
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Many top concerns, including the cost of health insurance, labor and taxes, remain constant despite economic conditions, according to the 2020 NFIB Problems and Priorities Survey. The data, collected just prior to the COVID-19 health and economic...
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August 27, 2020, 07:15 AM
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According to NFIB’s monthly jobs report, over half (51 percent) of small business owners reported hiring or trying to hire in July. Forty-four percent (86 percent of those hiring or trying to hire) reported few or no qualified applicants for the...
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August 07, 2020, 07:15 AM
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Following an April industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled the details of an approximately $400 million effort to help small businesses impacted by the ongoing...
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July 10, 2020, 07:20 AM
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The NFIB Research Center released a survey with an update on the state of small business and the progress with federal loan programs. Twenty-seven percent of owners reported experiencing a significant or moderate increase in sales due to eased...
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June 26, 2020, 07:26 AM
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TD Bank has named Jeff Fazio Head of Small Business Specialists, a new role created to lead the Specialist team of approximately 100 employees throughout TD's Maine-to-Florida footprint that focus on small businesses with revenues of $1 million and...
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June 12, 2020, 07:18 AM
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New data released by CAN Capital, Inc. shows business owners have a sense of confidence for the future after the COVID-19 crisis.Polling more than 400 U.S. small business owners across 49 states, the research reveals the majority of small business...
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May 29, 2020, 07:15 AM
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The NFIB Research Center released the following data on the small business loan programs: The severity of economic disruptions in the small business sector is quickly increasing the immediate demand for financial assistance among small business...
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April 14, 2020, 07:00 AM
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Balboa Capital announced its latest survey that analyzes the current impact of the novel coronavirus (COVID-19) outbreak on small businesses in the United States. The survey reveals that 88 percent of small businesses are being impacted by the...
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April 10, 2020, 07:20 AM
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The small business half of the economy continued its remarkable economic streak, posting a 0.6 point gain in October’s Optimism Index. The 102.4 reading was buoyed by eight of the 10 Index components advancing, as talk of a recession waned in October...
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November 25, 2019, 07:00 AM
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A record percentage of small business owners reported having difficulties finding qualified workers in August, according to NFIB’s monthly jobs report.Twenty-seven percent ranked finding qualified workers as their No. 1 business problem, the report...
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September 09, 2019, 07:00 AM
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CIT Group Inc. announced Ken Martin has joined the company as Managing Director of the Small Business Solutions unit, which is part of its Business Capital division. Martin will lead the strategy and operation of the digital small business financing...
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August 06, 2019, 07:30 AM
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A new survey of more than 1,200 small business owners by OnDeck finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses. Forty-one percent of small businesses expect...
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April 09, 2019, 07:00 AM
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Pitney Bowes Inc., a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, finance and data, announced the addition of two executives to the Pitney Bowes Financial Services leadership team.Lee...
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March 15, 2019, 07:25 AM
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The Bancorp, Inc. announced Ashley Olejnik has joined the Small Business Lending team as Vice President, SBA Business Development Officer. She supports small business owners regionally and nationally across a range of industries by providing Small...
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January 30, 2019, 07:02 AM
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Moody’s Analytics announced CapX Partners, a Chicago-based equipment finance provider, has selected the Moody’s Analytics RiskCalc Small Business solution to streamline and simplify access to capital for small and medium-sized middle-market...
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January 25, 2019, 07:15 AM
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Balboa Capital announced the results of its Q1 2019 small business owner survey, which was conducted to gauge economic confidence and gain a better understanding of capital investment and hiring plans for the next 12 months. The responses of the...
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January 16, 2019, 07:25 AM
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CAN Capital Inc., a technology-driven small business specialty finance company, announced the appointment of Edward J. Siciliano as Chief Executive Officer. Siciliano brings over 30 years of experience in commercial financing, sales, marketing and...
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January 09, 2019, 07:30 AM
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Congressman Tom Marino along with Representatives Doug Collins (R-GA), and David Cicilline (D-RI) introduced, H.R. 7190, the Small Business Reorganization Act (SBRA). Senate Judiciary Chairman Chuck Grassley (R-IA) and Senator Sheldon Whitehouse...
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December 07, 2018, 07:05 AM
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Optimism among small business owners jumped significantly in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 129. That is 11 points higher than last quarter’s score of 118 and the highest in the survey’s...
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December 05, 2018, 07:12 AM
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While the country enjoys unprecedented levels of small business optimism, access to credit will either boost or curtail economic growth within this high-impact sector, according to a new study. Gimme Credit: Faster, Simpler, Safer Credit for Main...
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November 27, 2018, 07:15 AM
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Bankers Healthcare Group, a leading provider of financial solutions for healthcare professionals, expanded into small business lending with a new license to offer loans from the U.S. Small Business Administration through BHG's wholly owned subsidiary...
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November 26, 2018, 07:15 AM
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Wells Fargo & Company announced Lisa Stevens, Regional Banking executive for the Western Region, has decided to leave Wells Fargo after a 29-year career. Stevens will depart in late October.Stevens began her career with Wells Fargo in 1989. She...
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October 02, 2018, 07:15 AM
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The Q3 MetLife & U.S. Chamber of Commerce Small Business Index indicates the majority (69.7 percent) of small business owners have a positive outlook about their company and the small business environment in the United States.Their optimism continues...
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August 30, 2018, 07:00 AM
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The Small Business Optimism Index marked its second-highest level in the survey’s 45-year history at 107.9, rising to within 0.1 point of the July 1983 record-high of 108. The July 2018 report also set new records in terms of owners reporting job...
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August 27, 2018, 07:00 AM
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The latest Quarterly Credit Outlook from PayNet shows Main Street closing Q2 2018 with modest growth and strong financials. The Thomson Reuters / PayNet Small Business Lending Index (SBLI) seasonally adjusted originations decreased 8 percent from 155...
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August 15, 2018, 07:20 AM
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The tight labor market continues to be the biggest problem facing small businesses, with 37 percent of owners reporting job openings they could not fill in the current period, a new survey high. Up one point from June, 13 percent of owners reported...
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August 06, 2018, 07:10 AM
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Maxim Commercial Capital announced it provided hard-asset secured financing to 293 small and mid-size businesses (SMBs) during the second quarter. Second-quarter transactions included:
the seventh financing in five years for a tow truck...
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July 20, 2018, 07:05 AM
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Moody’s Analytics launched a new scoring solution for evaluating the creditworthiness of small businesses. The RiskCalc Small Business solution leverages the award-winning RiskCalc application, a comprehensive tool for determining the credit risk of...
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June 29, 2018, 07:00 AM
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KeyBank announced the acquisition of a digital lending platform for small businesses created by Bolstr. The fintech software, expected to be implemented in 2018, will enable KeyBank to provide faster and easier access both to SBA loans and to...
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June 21, 2018, 07:25 AM
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Balboa Capital announced the results of its latest survey that was conducted to gauge how small business owners utilize technology. Among the survey’s key findings: 7 in 10 small business owners say their companies became more dependent on various...
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June 20, 2018, 07:15 AM
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Fora Financial announced it has acquired a significant stake in US Business Funding (USBF). The combination will create one of the largest, broadest reaching direct sales organizations in the small business alternative lending space, while deepening...
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June 06, 2018, 07:23 AM
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The latest Quarterly Credit Outlook from PayNet shows Main Street closing the first quarter of 2018 with a healthy increase in investment and relatively moderate risk. As a result, the business cycle looks healthy from a risk-reward standpoint, and...
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May 17, 2018, 07:15 AM
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CIT Direct Capital, the national online small business lending unit of CIT Group, announced the results of its new survey conducted by The Harris Poll revealing nearly three out of four small businesses in the U.S. plan to expand their product and...
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May 01, 2018, 07:15 AM
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StarWind Software and Marlin Equipment Finance joined efforts to break down the CAPEX barrier that small and midsized businesses (SMB) and remote office, branch office (ROBO) companies often encounter on their way to virtualization. Customers in the...
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April 12, 2018, 07:25 AM
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Small business lending improved again in February, according to the latest Strategic Insights Report from PayNet. The Thomson Reuters / PayNet Small Business Lending Index (SBLI) rose to 144.8 in February, its second-highest reading in history and...
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April 05, 2018, 07:15 AM
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Small business lending expanded robustly in January, according to the latest Strategic Insights Report from PayNet. The Thomson Reuters / PayNet Small Business Lending Index (SBLI) increased to 143.6 in January, nearing the all-time high reached in...
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March 07, 2018, 07:14 AM
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Start-up firms that take out loans in the name of the business in the initial year of operation, as opposed to personal debt obtained in the name of the firm's owner, are significantly more likely to survive and achieve higher levels of revenue...
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March 02, 2018, 07:10 AM
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U.S. Bank ended the 2016 Small Business Administration (SBA) fiscal year on Sept. 30 with $838 million in SBA loan volume, an increase of 7.9 percent compared to fiscal 2015. The fifth-largest bank in the country, U.S. Bank maintained its rank as the...
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October 07, 2016, 07:01 AM
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The National Directory of Registered Tax Return Preparers & Professionals (PTIN) has selected fintech company Bizfi to provide its tax professionals, accountants, CPAs and their small business clients with access to funding through its aggregation...
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July 21, 2016, 07:05 AM
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