PYMNTS

SEPTEMBER 7, 2020

The continued resumption may not be enough to stave off the top-line pressures and cash crunches that bedevil the Main Street SMBs that power a significant portion of the U.S. The SMBs that have made it past that survey — to the here and now — are now the ones that are poised to, perhaps, weather what’s left of the storm.

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Maine payroll Retail Government 64

PYMNTS

APRIL 21, 2020

But despite tidbits of good news that infection rates are coming down and government money is moving out, a majority of Main Street businesses don’t see themselves surviving COVID-19. This “COVID-19 cash gap” will be decisive in which small and medium-sized businesses (SMBs) remain in operation , and which don’t.

Maine 52

Maine payroll Technology Government 52

PYMNTS

MAY 20, 2020

Most businesses have been hit hard by the global pandemic, but perhaps no segment has been more crippled or left with a future more uncertain than the Main Street local establishments that rely on daily sales for traffic. Also looking to give Main Street merchants an easier way to set up digital shop online is OfferUp.

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Maine Sales Retail Finance 70

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . New Report: The Power Of Instant On SMBs’ Financial Health. GoodRx’s IPO Shows Disruption Could Be The Cure For Costly Prescriptions .

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Maine accounts payable Technology AP Automation 61

PYMNTS

DECEMBER 18, 2020

We have deep dives on disbursements, Main Street small- to mid-sized business (SMBs) and BarkBox reportedly combining with Northern Star Acquisitions Corp. Study: 67 Percent Of Main Street SMBs Say They’ll Do More Business Online Post-Pandemic. BarkBox To Go Public Via SPAC At $1.6 Billion Valuation.

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Maine Government New York Start-ups 67

PYMNTS

DECEMBER 19, 2019

The saga led O’Connell to realize that if the process is filled with such friction for workers’ comp (a relatively straightforward insurance product that is required by law, and often the first insurance product a new small business seeks), then SMBs’ efforts to access additional insurance products must be even more of a headache.

Maine 52

Maine Technology quickbooks Retail 52

PYMNTS

MAY 7, 2020

All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. The provision against possible losses comes against a backdrop where SMBs are increasingly tapping into a bailout pool that just may not be enough. The urgency is palpable. As many as 24.9

Maine 56

Maine Start-ups Retail Sales 56

PYMNTS

DECEMBER 17, 2020

Main Street businesses are optimistic about their longer-term survival — meaning that they believe their businesses will be around two years from now. That’s important, given the fact that Main Street SMBs are responsible for driving a significant portion of the economy, employing roughly 40 percent of the workforce.

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Maine B2C B2B Sales 46

PYMNTS

MAY 1, 2020

Will small- to mid-sized businesses (SMBs) follow consumers’ lead and digitize their operations to meet their new demands? These are just a few of the questions we sought to answer in Main Street On Lockdown: Reinventing The Road To Recovery edition. Our research shows that 66.4

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Maine Sales Retail Technology 64

PYMNTS

MAY 11, 2020

The situation facing the smallest firms on Main Street is dire, even with funding from the Paycheck Protection Program in hand. As reported in this space last week, SMBs from all sectors said they would only have enough cash to survive for just nine days — without the funding. To a certain extent, that’s true.

Maine 75

Maine payroll California Government 75

PYMNTS

AUGUST 21, 2020

The economic slowdown’s effects are widespread and reverberating across America, but what is needed to help small and mid-sized businesses (SMBs) stem the tide of lost sales and, ultimately, to survive the pandemic? percent of surveyed SMBs expected their annual revenues to increase and 16.4 This is what we learned. The remaining 41.6

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Maine Government Manufacturing Retail 57

PYMNTS

JUNE 19, 2018

attorneys’ offices and the Better Business Bureau (BBB), the FTC has released the results of Operation Main Street: Stopping Small Business Scams. In partnership with the offices of eight state attorneys general (AGs), the New York division of the U.S. Postal Inspection Service, two U.S.

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Maine New York Education 43

PYMNTS

JULY 27, 2020

It’s been long said that small- to medium-sized businesses (SMBs) are the backbone of the American economy. economic growth, many SMBs started the year with a fairly bright outlook — until the pandemic and government lockdowns showed up in mid-March. But it also reveals that many SMBs worry about a cash crunch. percent of U.S.

Maine 93

Maine Sales Start-ups Government 93

PYMNTS

SEPTEMBER 21, 2020

And then COVID-19 happened, and Le Garrec, like thousands of Main Street entrepreneurs nationwide, found his good year flipped into a not-so-good year as he was forced to close his doors, and start power-pivoting to keep his business alive and funds flowing into his coffers. I was expecting a huge spring season,” Le Garrec said.

Maine 83

Maine Start-ups Finance Gaming 83

PYMNTS

SEPTEMBER 21, 2020

By the numbers, Main Street merchants are feeling a little bit better these days than they were six months ago when the pandemic began, according to the latest PYMNTS Main Street business survey. First, many Main Street businesses that reported improved finances since March were already financially stable to begin with.

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Maine Finance Sales Start-ups 111

PYMNTS

SEPTEMBER 21, 2020

But 2020 isn’t a normal year, Visa ’s Global Head of Business Solutions Kevin Phalen told Karen Webster on the eve of National Small Business Week , and restaurateurs, like every other Main Street business everywhere now brace for a holiday season without precedent. But that leaves 40 percent of SMBs that have not.

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Maine New York Sales Retail 117

PYMNTS

NOVEMBER 10, 2020

Optimism around new business is materializing on Main Street, among other places, with small and medium-sized businesses (SMBs) reopening. percent of SMBs now say they are closed because of the pandemic, compared to 33.9 Far fewer SMBs now report being limited by capacity restrictions than just a few weeks ago.

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Maine Maryland Start-ups B2B 90

PYMNTS

AUGUST 4, 2020

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. That left small and medium-sized businesses (SMBs) scrambling to rapidly switch to digital to keep at least some revenue coming in.

Maine 72

Maine New York Start-ups Retail 72

PYMNTS

JANUARY 8, 2021

With so much financial hardship, the traditional avenues for funding that would otherwise be serving as vital lifelines for small and medium-sized businesses (SMBs) are often missing, and firms are looking beyond the big banks for financial support. Helping SMBs Help Themselves. Small business owners are so resilient," she said. "I

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Finance Maine Education Government 92

PYMNTS

AUGUST 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Millions of smaller businesses are grappling with the impacts of the pandemic. The smallest loan, at $1.5

Maine 87

Maine Real Estate Pennsylvania Florida 87

PYMNTS

MAY 28, 2020

When the United States economy locked down to slow the spread of the coronavirus, it rapidly and radically altered the way consumers browsed, shopped and paid for goods and services — and not all small- to medium-sized businesses (SMBs) were prepared. Confronted with the option, most SMBs chose to innovate. Our study finds that 33.4

Maine 73

Maine Technology Retail 73

PYMNTS

JANUARY 13, 2021

The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Starbucks announced on Tuesday (Jan.

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Maine Washington New York Finance 90

PYMNTS

APRIL 28, 2020

That’s good news for consumers, great news for the payments ecosystem but a mixed bag of news for retailers, particularly the Main Street small- to medium-sized businesses that have been, as a group, slow to embrace digital. SMBs] are creative, innovative, entrepreneurial spirits,” Forestell noted. “If

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Maine Start-ups Sales Technology 109

PYMNTS

OCTOBER 30, 2020

The Federal Reserve Board has modified the terms of the Main Street Lending Program (MSLP) to make it more obtainable for smaller businesses, according to a Fed statement on Friday (Oct. The three Main Street facilities have been lowered to $100,000 from $250,000 and the fees adjusted accordingly. .

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Maine Hospitality Start-ups 53

PYMNTS

JUNE 8, 2020

Answering the call to provide more help for small- and medium- sized businesses (SMBs), the Federal Reserve Board has made adjustments to its Main Street Lending Program. I am confident the changes we are making will improve the ability of the Main Street Lending Program to support employment during this difficult period.”.

Maine 56

Maine 56

PYMNTS

OCTOBER 21, 2020

For SMBs, what’s in the cards … are more card readers. Morgan is focused on enabling payments for the millions of small businesses that are the lifeblood of Main Streets across the U.S. – To that end, the banking giant J.P. and, by extension, the U.S. As reported this week, J.P. percent/10 cents and 2.9

Maine 122

Maine Sales Account accountant 122

PYMNTS

MAY 25, 2020

With 90 percent of SMBs reporting that they have been negatively impacted by the coronavirus, according to PYMNTS research, it’s clear that Main Street cannot afford to sit idle. The consensus on Main Street, however, is that the old ways of doing business may be gone for good.

Maine 60

Maine B2B Government Start-ups 60

PYMNTS

SEPTEMBER 17, 2020

The offering is meant to help small and medium-sized businesses (SMBs) with surmounting cash flow hurdles to make invoice payments, buy products to sell and meet other kinds of monetary responsibilities to keep their companies running. Moreover, over 90 percent of surveyed Main Street SMBs desire access to instantaneous fund settlement. “In

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B2B Georgia Maine Retail 83

PYMNTS

SEPTEMBER 14, 2020

Signs of economic recovery are visible, as are inspiring stories of SMBs successfully adapting and reinventing post-pandemic. Almost 17 percent of SMBs added mobile wallet support as of May, and 30.6 Fears Linger, But Main Street SMBs Soldier On. You just have to know where to look.

Maine 90

Maine Retail Technology Sales 90

PYMNTS

JULY 17, 2020

It will now be a lot easier for schools, hospitals and social service organizations to access funds using the Main Street Lending Program. In June, two former Fed economists said the government should ease the rules on who can participate in the program, which is intended to aid small to medium-sized businesses (SMBs).

Maine 64

Maine Hospitality Government 64

PYMNTS

MAY 29, 2020

431: Number of SMB owners PYMNTS surveyed from across the U.S. in Main Street On Lockdown: Business Recovery. 70%: Share of SMBs that have added new digital capabilities or enhanced existing digital services since the pandemic began. 45.9%: Portion of SMBs that have applied for PPP loans.

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Maine Retail 52

PYMNTS

JUNE 2, 2020

A glimmering bright spot in the daily bad news cycle is PYMNTS’ finding that businesses of every type – especially small and medium-sized businesses (SMBs) – are using the pandemic as an impetus to make needed operational changes and bring SMBs’ online presences firmly up to date. So, what happens now? We found that 27.6

Maine 52

Maine Technology 52

PYMNTS

NOVEMBER 23, 2020

The holiday shopping rush is always critical for Main Street small and medium-sized businesses (SMBs) in the U.S. — And challenges though there may be, SMBs are not going down without a fight. 28 — and it will be, according to American Express, the year of the social media promotion of SMBs nationwide.

Maine 57

Maine Retail Gaming Sales 57

PYMNTS

DECEMBER 17, 2020

And in eCommerce, a majority of Main Street small and medium-sized businesses (SMBs) have added new digital functions amid the pandemic, while in corporate payments, B2B transactions are shaking free of hardcopy methods as firms have moved operations online. In auto sales, CarLotz, Inc. , 1.883K : Amount of CarLotz, Inc.’s

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B2B Maine Sales Retail 58

PYMNTS

APRIL 13, 2020

Plus, Karen Webster details Main Street small business continued worries. Can Main Street SMBs Cross The PPP Cash Chasm? Here’s what new data shows these Main Street SMBs need from the government — and why. Amazon Puts New Online Grocery Customers On Hold.

Maine 60

Maine Government 60

PYMNTS

MAY 22, 2020

The data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30 percent of small to medium-sized businesses have either failed or don’t see a way forward due to the pandemic. It’s called Main Street Regenerators.

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Maine Government Finance Retail 55

PYMNTS

APRIL 14, 2020

Many of those small and medium-sized businesses (SMBs) had already begun working with their commercial bankers to gear up for that go-live day immediately after the passage of the CARES Act. But the effort didn’t do much to change how SMBs felt about their odds of surviving the pandemic’s economic impact. All this, Today in Data.

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Maine Start-ups Government Sales 56