PYMNTS

MAY 27, 2020

For the small shops and independently owned restaurants that line America’s Main Streets from coast to coast, the past eight weeks have been a difficult time leading toward an incredibly uncertain future. The MSBIA is an advocacy group that represents Main Street businesses in Santa Monica, California.

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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

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PYMNTS

OCTOBER 19, 2020

And as much as people may complain about the crowds in the stores or on Main Streets, they like being part of the hustle and bustle – and the energy it brings. Saving Main Street. Reimagining Main Street. An empty store raises questions about the quality of the store and the products it is selling. Living By The Social Proof.

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PYMNTS

JULY 15, 2020

Main Street small- to medium-sized businesses (SMBs) are a barometer for the economic vitality and the health of the broader U.S. After all, a bustling Main Street signals new business opportunities and growth potential. So how are Main Street SMBs planning to keep up until things go back to business as usual?

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PYMNTS

SEPTEMBER 28, 2020

It can be said, though, that the Paycheck Protection Program and the Main Street lending efforts from the Federal Reserve and other agencies have been, at best, mixed in terms of success. Only 6 percent of our Main Street SMBs have failed to meet their monthly bills, leagues better than the 12 percent seen as recently as May.

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PYMNTS

APRIL 16, 2020

This is just one of the questions PYMNTS set out to answer in the Main Street On Lockdown: The COVID-19 Cash Chasm edition. What measures are SMB owners taking to stay afloat when emergency funding is not enough to sustain them?

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PYMNTS

NOVEMBER 10, 2020

Optimism around new business is materializing on Main Street, among other places, with small and medium-sized businesses (SMBs) reopening. Twenty-five percent of Main Street SMBs now say they are operating with capacity restrictions, whereas 38.6 percent of SMBs now say they are closed because of the pandemic, compared to 33.9

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Withum

JULY 26, 2023

Let’s Chat The post Looks Like the IRS Does Listen to Main Street After All – IRS Announces Temporary Relief on Key Foreign Tax Credit Rules appeared first on Withum.

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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 requirement of rapid change left many Main Street merchants deeply shaken and worried about their futures.

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PYMNTS

MAY 12, 2020

A team of 50 students from Schulich’s MBA, Master’s and undergraduate programs worked on the service, which will be integrated with Canada’s Digital Main Street program as well as common digital retailers like Shopify , Google, Facebook, Microsoft, eBay and Mastercard Canada.

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PYMNTS

AUGUST 12, 2020

To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation. One of the digital tools in which Main Street SMBs show great interest is real-time merchant fund settlement.

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PYMNTS

MAY 28, 2020

In Main Street On Lockdown: Business Recovery edition, we surveyed 431 SMB owners from across the U.S. Main Street On Lockdown: Business Recovery edition aims to understand why some SMBs are all-in on innovation, while others risk getting left in the dust. Not all SMBs are equally eager to develop new technologies, however.

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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.

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PYMNTS

JULY 22, 2020

But as is often the case during times of economic turbulence, the costs are being borne the most by Main Street SMBs that have been forced to furlough workers and close their doors (at least temporarily). Restaurants lead the pack among struggling Main Street merchants. business closures.

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PYMNTS

MARCH 5, 2020

Walmart has announced that it’s going to merge its Walmart Grocery app with the main Walmart mobile app, to create a more seamless shopping experience for its customers, according to a report by TechCrunch. The main app was No. Previously, customers had to switch between the two apps depending on what they wanted.

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PYMNTS

JULY 8, 2020

The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending Program on Wednesday (July 8). Borrowers are encouraged to ask their bank about Main Street loans in addition to those on the list.

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PYMNTS

MARCH 30, 2020

The boutique shops that lined Main Street USA, which got nearly all of their business face-to-face in their stores, expected that 2020 would be another great year. In other words, this sample reflects the composition of SMBs on those Main Streets and side streets of the communities that we all call home.

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PYMNTS

JULY 12, 2020

Department of the Treasury and the Federal Reserve gave hope to small- to medium-sized businesses (SMBs) with the announcement of the Main Street Lending Program. Last month, the Treasury agreed to extend the term of Main Street loans to five years from four and delay principal payments for two years, instead of one.

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PYMNTS

SEPTEMBER 9, 2020

Billions of dollars in dry powder for Main Street SMB lending – and relatively few takers. All told, the Main Street Lending Program has extended $1.2 Beyond Main Street lending activities, the Paycheck Protection Program (PPP) may see a renaissance of sorts. But the cash crunch continues. On Tuesday (Sept. In April, 28.3

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PYMNTS

APRIL 9, 2020

the Fed also said it will support as much as $600 billion in loans slated for small to mid-sized businesses as part of the Main Street Lending Program. In a nod toward the economic pressures faced by smaller firms across the U.S., billion in the top line. “If The money will be there.”.

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CTP

DECEMBER 28, 2021

The post Tax Planning for Retirement Plans: Understanding the Main Types of Retirement Accounts appeared first on Certified Tax Coach. Learn how to guide clients through the ins-and-outs of retirement plan tax benefits by becoming a Certified Tax Planner.

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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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PYMNTS

SEPTEMBER 11, 2020

We have deep dives on Main Street, disbursements and quick-response (QR) code payments. . NEW DATA: The State Of Main Street Businesses Six Months Into The Pandemic. The coronavirus pandemic has stretched Main Street to its financial limits. Six Months Into Pandemic, Taking The Pulse Of Main Street SMBs.

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PYMNTS

MAY 8, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Patrice Frey, president and CEO of the National Main Street Center , is a proponent of supporting existing local economic development organizations like chambers of commerce, community foundations and Main Street programs.

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PYMNTS

APRIL 28, 2020

The Federal Reserve is nearly ready to debut its new Main Street lending program, and it is reaching out to banks for advice, according to a report from CNBC. It is not clear exactly when the Fed’s Main Street lending program will officially begin, although officials estimate that it should be within the next few weeks.

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Snyder

SEPTEMBER 29, 2022

Today we’re even more thrilled to announce that Synder is now not only available through Stripe App Marketplace , but is currently featured in two main categories: Accounting and Data and analytics ! Not so long ago we announced the grand opening of Stripe App Marketplace and mentioned how excited we were to become a part of this marketplace.

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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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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. The initiative, crafted by the Federal Reserve Board , is designed to provide loans to businesses to help them cope with the financial stresses of the COVID-19.

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PYMNTS

JUNE 2, 2020

Perhaps the most buoyant finding in Main Street On Lockdown Business Recovery edition is the fact that SMB owners appear to be feeling a bit more upbeat about business prospects with each new survey. And while that is a good sign, America’s devastated Main Street business districts have a long road ahead, and not everyone will make it.

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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. history, but it has not made Main Street SMBs feel any more stable than they did before it was passed,” the report states.

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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 state of Main Street right now? is roughly six months into a global pandemic (as declared in March by the World Health Organization).

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PYMNTS

JUNE 18, 2020

’s Main Street Lending Program intended to aid small- to medium-sized businesses (SMBs), The Wall Street Journal (WSJ) reported. The Main Street Lending Program has already expanded a few times, PYMNTS reported , with lower minimum loan requirements, higher max limits and adjusted repayments schedules.

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PYMNTS

JUNE 5, 2020

In addition to working toward its general mission of moving the sport and hobby forward, the RIA functions as a trade and advocacy group for independent running specialty stores, the huge majority of which are Main Street businesses. The RIA is dialed into Main Street.

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PYMNTS

MAY 29, 2020

If there’s a playbook for Main Street’s migration to digital, Toronto’s Schulich School of Business is authoring a very effective chapter. In 2016, an organization called Digital Main Street was set up by the city of Toronto as a business improvement project for small- to medium-sized businesses (SMBs).

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PYMNTS

MARCH 18, 2020

Called Help Main Street, the idea is to compile a database of businesses that offer gift cards or other similar items. According to Nihal Mehta of Eniac, the Help Main Street idea is a way to help small businesses while also practicing the social distancing procedures of staying away from places where lots of people usually gather.

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PYMNTS

MAY 29, 2020

in Main Street On Lockdown: Business Recovery. Small and medium-sized companies faced the choice of finding digital ways to reach customers or run the risk of going out of business. All this, Today in Data. 431: Number of SMB owners PYMNTS surveyed from across the U.S. 45.9%: Portion of SMBs that have applied for PPP loans.

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PYMNTS

JUNE 4, 2020

The Federal Reserve will launch the Main Street Lending Program, which is geared toward mid-sized businesses, this week. Federal Financial Analytics Managing Partner Karen Petrou said, per the report, “It’s only the ‘ Main Street ’ program if the Main Street in your town looks a lot like Park Avenue.

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