Small Business News Archives - Page 7 of 28

Category: Small Business News

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Bank of America Debuts Small Biz Down Payment Grant Program

When it comes to opening a small business, there are plenty of expenses and capital expenditures to consider. Among them is real estate — which can be one of the most expensive necessities. To help entrepreneurs overcome this obstacle, a well-known bank is introducing a new option. This week, Bank of America announced that it would be debuting its Small Business Down Payment Grant Program in a bid to increase...
Hello Alice Small Business Credit Card

Hello Alice Launches Small Business Credit Card

Hello Alice, a free platform launched to help small businesses grow while also promoting inclusivity, has introduced its latest offering: the Hello Alice Small Business Mastercard. In addition to providing entrepreneurs with expert business advice and insights, this new card will also enable small business owners to earn cash back on their purchases. First, the Hello Alice Small Business Mastercard earns 4 points per dollar spent on eligible wireless telephone...
AMEX global payment app

American Express Global Pay for Small Businesses Launches

A new offering from American Express is aiming to make international business-to-business payments easier for owners. This week, the company announced the launch of Global Pay. Using this digital platform, U.S. small businesses can make secure B2B payments to suppliers in more than 40 countries. With the mobile-friendly service, businesses will be able to see exchange rates at the time that they create payments and will be able to view...
American Express Marriott Bonvoy Card

AmEx and Marriott Bonvoy Update Small Business Card Rewards

American Express and Marriott Bonvoy have announced some notable updates for their co-branded small business credit card. While the Marriott Bonvoy Business card will be retaining all of its existing benefits and keeping the same $125 annual fee, business owners will now enjoy expanded rewards at restaurants, discounts on room bookings, enhanced status, and more. The first addition to the Marriott Bonvoy Business card is a new room rate discount....
illustration of a small business

Surveys Show Small Business Burnout Rising, Optimism Falling

Throughout the more than two years that the pandemic has gripped the United States, America's small businesses have shown time and time again how resilient they are. In fact, several surveys have shown continued optimism on the part of business owners. Unfortunately, with fresh economic threats mounting, more recent reports display increased frustrations. According to a survey from Podium (conducted by Censuswide), 72% of small business owners stated that they...
hood of a car

Increased 2022 Business Mileage Rates Now in Effect

Over the past several months, drivers in the United States have been feeling the proverbial "pain at the pump" as gas prices across the nation have reached record highs. While this has impacted vacationers, commuters, and many others, it's also affected small business owners who use their vehicles for work. In recognition of this, the Internal Revenue Service has taken action. Recently, the IRS announced a rare (with the previous...
credti card sitting on a phone next to coffee and a computer

PayPal Launches Small Business Credit Card with Flat 2% Cashback

The popular platform PayPal is rolling out a new product built specifically for small businesses. Today, the FinTech announced the launch of The PayPal Business Cashback Mastercard. The new card will be issued by WebBank and marks the first time PayPal has offered a business credit card. With the PayPal Business Cashback card, business owners will be able to earn 2% cashback on all purchases. This earning rate is not...
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Amazon Announces Small Business Support Efforts for Prime Day 2022

While Black Friday may still be several months away, there's another retail day of note on the horizon: Prime Day. This year, Prime Day will be celebrated on July 12th and 13th in more than a dozen countries. Plus, for the first time, Poland and Sweden will get in on the fun. Meanwhile, later this year, India, Saudi Arabia, the United Arab Emirates, and Egypt will have their own Prime...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
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Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

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...