ISDI

SMALL BUSINESS TRENDS

Principal Financial Group | August 25, 2021

Principal Financial Group® reported today an increased focus on key employee well-being initiatives and how benefits are helping employers cope with the pandemic fluctuation as they also make businesses more competitive for the next phase of recovery and growth. Over 90% of surveyed businesses plan to increase at least one benefit in the next 12 months. While recent variants of COVID-19 could bring extra hurdles to the recovery efforts small and medium-sized businesses (SMBs) ...

PYMNTS.com | April 08, 2020

Small businesses overwhelmed U.S. financial institutions as they scrambled to apply for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. When the program went live on Friday (April 3), only two FIs, Bank of America and JPMorgan Chase, had been able to begin accepting applications — Bank of America saw a whopping $6 billion worth of applications in only a few hours, ending Friday with $32.6 billion in applications. It was a shaky ...

Cision PR Newswire | August 21, 2020

Today IntellaSphere, the leading Collaborative Marketing Platform and Business Marketing Cooperative provider, announced the launch of its Rise Above It program, to help small businesses rebuild sales. The coronavirus pandemic has profoundly impacted lives, communities, and businesses and has hit small businesses particularly hard. Businesses are struggling to cut costs, keep existing customers, and find new customers online to rebuild sales in the wake of COVID-19. Designed specifically to help...

Reuters | May 05, 2020

New York’s Attorney General said on Monday she has asked 11 major U.S. banks to clarify how they had issued loans tied to the U.S government’s $660 billion program to rescue small businesses from the impact of the coronavirus pandemic. Known as the Paycheck Protection Program, the plan was intended to help small firms weather the worst global economic crisis in decades but has been hobbled by missing paperwork, technology failure and a misdirection of funds to big corporations...