Grupo Veralia

Ruth | April 24, 2020

The parent company of Ruth’s Chris Steak House, which has been at the center of a national firestorm after it claimed $20 million from a fund meant to help small business survive the coronavirus pandemic, is returning the money. The news, first reported by the Wall Street Journal, broke hours after the U.S. Treasury Department updated its guidance for the “Paycheck Protection Program” to say that companies applying for the potentially forgivable loans “must certify...

FINANCE

NEXT Insurance | October 23, 2021

NEXT Insurance, the leading digital insurtech company transforming small business insurance, today announced the availability of NEXT Connect, a trusted embedded insurance solution for some of the leading small business software ecosystems in the U.S. NEXT Connect enables small businesses to purchase fast and affordable coverage in a way that is convenient for them, either completely online or with the assistance of a licensed insurance agent. In addition, it provides an unmatched opportun...

PYMNTS.com | April 06, 2020

Wells Fargo announced it will begin taking loan applications on Monday (April 6) as part of the Paycheck Protection Program (PPP) and will disperse $10 billion to nonprofits and businesses with fewer than 50 employees. The country’s fourth-largest bank said it has received a lot of interest in PPP loans since the program’s opening day on Friday (April 3). It anticipates that its loan capacity will be maxed out under the program since it is operating with the current asset cap limitat...

Toronto Sun | January 14, 2020

Paying for goods and services with plastic seems to be the most convenient thing to do nowadays, but only 5% of small business have stopped taking cash, according to a Bank of Canada study. The study, entitled Merchant Acceptance Survey, noted futuristic forecasts of a cashless world seem to be overblown. “We estimate that only 5% of merchants currently do not accept cash, and an additional 8% plan to stop accepting cash within the next five years,” the study stated, as reported by B...