Retail 360

Marketing and Networking

Sycamore Partners | December 22, 2021

Sycamore Partners announced today that it has acquired Digital Room from a subsidiary of H.I.G. Capital. Sycamore Partners is a private equity firm focused on investments in consumer, distribution, and retail. Digital Room, located in Sherman Oaks, California, is an industry leader in providing small and medium-sized enterprises with personalized marketing tools. This diverse client base is reached through a suite of branded websites, and consumers are served through a vertically ...

Small Business Trends

Citizens | November 08, 2022

Citizens today announced a $300,000 grant to empower veteran-owned small business in the Bronx, in partnership with Military Warriors Support Foundation (MWSF) and the Hope4Heroes program. The grant will provide tailored support and resources to strengthen veteran-owned business, such as storefront renovation, new technology and technical training, and includes one year of financial mentorship. Earlier today, Citizens and MWSF recognized Former U.S. Army Specialist Marisa Estrella, founder of Wo...

Newtek | April 29, 2020

Newtek announced on Monday (April 27) that its lender program, Newtek Small Business Finance (NSBF), has funded $518.2 million in loans for the federal Paycheck Protection Program (PPP), according to a press release. The company estimated that this has been able to help 66,000 employees of borrowers from Newtek stay on the payroll. The NSBF estimated it has another $24.9 million in PPP loans that will be funded later this week by the Small Business Administration (SBA), the release...

Finance

Raistone | April 06, 2022

Raistone today announced a collaboration with Mastercard set to simplify business-to-business (B2B) finance payments and speed up access to working capital for small- and-medium-sized businesses ("SMBs"). Using Mastercard's virtual card technology, Raistone will tap into secure payment innovation to streamline finance approval processes that can exclude SMBs from accessing essential funds needed to sustain and scale their business. This innovative use of virtual cards promotes dive...