News Topic: small business

With the COVID-19 pandemic creating unprecedented challenges for small businesses, American Express has increasingly targeted its investments in that niche. ... Read full article

Mary Mack, who heads Wells Fargo's consumer banking and small business division, talks about the challenges of reforming a bank's culture from the inside, the rise of women in the banking industry and reaching customers who need their services ... Read full article

Bank of America's Managing Director for Small Business Sharon Miller led the company's involvement in the Paycheck Protection Program, which produced more than 343.000 loans, most in the country. ... Read full article

Small and midsize banks would pay for access to the Monit app and offer it to small-business clients as an add-on service. ... Read full article

More than 160 institutions will use the money to help members weather the coronavirus by offering new products and providing help with loan payments. ... Read full article

The bureau will detail how it will implement a Dodd-Frank Act provision requiring the agency to collect information on small-business lending in order to identify discrimination. ... Read full article

The bank's innovation group has developed a software tool for law firms. It hopes the project will help it speed products to market and attract top technology talent. ... Read full article

I am testifying later today (virtually) before the House Small Business Committee on " Transparency in Small Business Lending ."  My written testimony is here . ... Read full article

A public-private partnership that has fewer rules and restrictions than the Paycheck Protection Program would save more small businesses. ... Read full article

The owner of The Shuckery in Petaluma, Calif., says she was unable to get a Paycheck Protection Program loan until she responded to an email from the delivery service and BlueVine. ... Read full article

The increased use of technology, along with holistic data points, can eradicate racial and gender disparity for fintech lenders in small business, says Become’s Eden Amirav. ... Read full article

This personal funding has blurred the line between personal and business finances more than ever. ... Read full article

ZenBusiness, which provides services to small businesses, will now offer banking along with tax, accounting and insurance help. ... Read full article

The accounting and payroll software provider’s QuickBooks Cash account is fee-free and integrates with other products the company offers small businesses. ... Read full article

The online lender has already branched out into facilitating payments and analyzing cash flow for small-business customers. Its new checking account is meant to round out those services. ... Read full article

Mortgages taken out to fund business operations can now be modified in bankruptcy. That’s a relief to borrowers — particularly with business failures expected to increase as the pandemic drags on — but a possible headache for banks and investors that hold ... Read full article

Rho initially focused on startups, but now it’s targeting businesses with 100 or more employees. ... Read full article

The company has established a fund that will provide capital, technical assistance and long-term recovery support to small businesses, especially minority-owned companies. The other megabanks are expected to donate their fees, also. ... Read full article