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Category: Small Business News

California Bill Aims to Bring More Transparency to Small Business Loans

Following its passage in the state legislature, California governor Jerry Brown recently signed Senate Bill 1235 into law. This new act will require small business lenders and others to comply with certain transparency requirements, which lawmakers are hoping will help protect borrowers. As ValuePenguin notes, this makes the Golden State the first in the nation to make these types of disclosures mandatory. Among the details that small business lenders operating in...

Retailers Continue to Fight Against Credit Card Swipe Fees

Last week, news broke that Visa and Mastercard had reached a $6.2 billion settlement regarding interchange fees — more commonly known as "swipe fees." The long-in-the-works suit found merchants accusing the credit card companies of violating anti-trust laws by preventing them from suggesting customers use other forms of payment. Despite the ruling, some retailers are continuing the fight against these swipe fees, taking aim at rewards credit cards in particular. As...

Small Businesses Aren't Adding as Many Jobs as Larger Companies

While the U.S. economy continues to add jobs at an impressive clip, lowered unemployment has made it more difficult for businesses to find skilled workers. Moreover it seems that smaller employers are being hit harder by this worker shortage than their larger counterparts. As ABC News notes, this has resulted in small business new job numbers taking a sizeable tumble in August while still staying in the black. According to...

New Record: Small Business Optimism Rises Once Again

A new survey finds that small business optimism has reached an all-time high, shattering a previous record set all the way back in 1983 during the Presidency of Ronald Regan. Released today, the latest National Federation of Independent Business (NFIB) Small Business Optimism Index surged from 107.9 in July to 108.8 in August. The index blew past the record of 108 in the process to mark a new high for the 45-year-old...

Three-Quarters of Small Businesses Utilize Social Media

These days the talk surrounding social media isn't always so cheery. Whether it's complaints of harassment, foreign influence, censorship, or good old "fake news," it may seem that the tide may be turning for these powerful platforms. At the same time it's hard to argue that these outlets have been anything but a boon to small business — which is likely why so many business owners report using them. According...

30% of Small Business Owners Suspect They're Overpaying on Their Taxes

When it comes to running a small business, managing money and keeping track of the firm's finances can often be some of the top challenges that entrepreneurs face. With that in mind, Clutch recently conducted a survey in which they spoke to more than 300 small business owners and managers who were involved with their company's financial decisions. What they found were some interesting insights into how businesses manage their finances...

One-Third of Small Businesses Worried About U.S. Trade Policy

While optimism among small business owners may be high, that doesn't mean that there aren't causes for concern. Take, for example, the United States' trade policy that has resulted in several tariffs being enacted against imports from numerous nations and, in turn, tariffs imposed on outbound U.S. goods. Now the latest CNBC/SurveyMonkey small business survey finds that one-third of small business owners say they're worried about the current trade tensions. On...

IRS Offers More Guidance on Pass-Through Business Tax Break

One of the less talked about but potentially lucrative aspects of the Tax Cuts and Jobs Act that passed through Congress last year was a 20% tax deduction for pass-through businesses. Meant to give sole propreitorships and the self-employed a tax break similar to what larger corporations saw with the bill, the explanation of and qualifications for the deduction were confusingly vague, leaving many to wonder if they would actually...
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FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
Summer app

Student Loan Benefit FinTech Summer Raises $6 Million

For years, student debt has been one of the most talked about financial topics. What's more, while the debt itself has become a major part of many Americans' lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech that brings student debt benefit solutions to employers and consumers has raised a new round...
Melissa Urban holding a Ness card

Health and Wellness Rewards Card Ness Partners with Whole30

In recent years, several unique rewards cards have come to market. These include offerings from FinTech startups as well as brands looking to do something special for their loyal fans. On that note, a recently-announced rewards credit card offering is now working with a popular brand to introduce new benefits for customers. This week, the Ness Card (which is issued by The Bank of Missouri) unveiled a new partnership with...
Choice Privileges Select Card

Choice Hotels, Wells Fargo Debut Choice Privileges Select Card

With spring well underway and the summer travel season now just around the corner, Choice Hotels and Wells Fargo have unveiled their latest co-branded credit card offering. Today, the two companies announced the Choice Privileges Select Mastercard. Carrying an annual fee of $95, this card will serve as the premium option in the hotel brand's new lineup. Looking at the Choice Privileges Select, it offers a mix of rewards categories....
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...