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Google | June 29, 2020
Last week was International Small Business Week. Many dealerships would be considered small businesses under the Small Business Association’s definition in retail trade – up to 100 employees and $7.5 million in average annual receipts. Whether an auto dealership or any other retail bricks-and-mortar location, physical sales have been more difficult since the COVID-19 pandemic arrived. A dealership’s digital presence is more important for that reason. Google for Small Bus...
PYMNTS | June 17, 2020
A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when making loans meant for providing COVID-19 relief, Bloomberg reported. In a letter to Treasury Secretary Steven Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza, several U.S. representatives said that some big lenders reportedly made a system with two levels to handle Paycheck Protection Program (PPP) ap...
Technology
Launch Cart | January 27, 2022
On February 2, 2022, the new on-demand eCommerce SaaS platform "Launch Cart" and the "Source and Sell Marketplace" will be officially launched, lowering the entrance barrier for small company owners and entrepreneurs globally. Entrepreneurs may create an on-demand eCommerce site with thousands of goods from the Source and Sell Marketplace and sell products without incurring inventory fees or fulfillment requirements. Customer Reviews, Live Stream...
Biz2Credit | October 06, 2020
Small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.6% in August to 13.5% in September, indicative of the struggles that small businesses are facing, according to the latest Biz2Credit Small Business Lending Index™ released today. The Biz2Credit Small Business Lending Index figures do not reflect approval of Paycheck Protection Program (PPP) loans approved by the SBA and the Treasury. PPP lending ended on August 8 after providing nearly 5...
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