PayPal thinks it has the answer for small business lending in Australia

ZDNet | February 21, 2020

PayPal has provided AU$500 million to 7,000 businesses in Australia since it launched a working capital offering less than five years ago alongside Citi. "We can see that there is an ongoing demand for alternative finance solutions to support small businesses and help them thrive," PayPal said in its submission [PDF] to the Select Committee on Financial Technology and Regulatory Technology. PayPal considers "information asymmetries" having previously been a "tremendous" challenge in traditional credit scoring. "Most of the data involved in calculating a traditional credit score came from traditional financial institutions," it wrote. "Lower income, younger, and minority consumers and small businesses often lacked the prerequisite paper trail to document their historical payments and credit flows, and therefore were considered risky lending propositions."

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TSheets is an employee time tracking and scheduling solution that saves business owners time and money. Get rid of that old punch clock or spreadsheet and simplify payroll, invoicing, and job costing. Whether theyre in the office or mobile, your employees can track time from any locationusing a smartphone, tablet, desktop or laptopin real time.


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EBLUXE HAIR, A SMALL BUSINESS WITH A BIG HEART

EBLUXE HAIR | December 20, 2022

The generosity of one small business has warmed the hearts of many. This holiday season EBLUXE HAIR held their first annual "Nominate a Family in Need" campaign and was able to give back over $1,000 to those within their community. The gratitude we received was priceless, This is something we want to continue in the future, and with the support of sponsors and donations we can have an even greater impact next year. owner Tee Johnson. It is such a good feeling to be able to give back," added Johnson's daughter Sierra. "I know there are individuals who are struggling; it is truly liberating to know that we were able to make their holiday better.We commend this small business owner for their generosity and applaud them for having a giving spirit. Their act of kindness is a reminder of what the holidays are all about. EBLUXE HAIR & EBLUXE CARES The mother-daughter duo behind EBLUXE HAIR continues to provide consumers with Hair Extensions that are like no other and are of the highest caliber. Their recently founded non-profit EBLUXE CARES, is a 501c3 whose mission is to empower teens and cancer thrivers (those living with cancer) to rediscover what it means to live, while learning to celebrate and accept oneself completely.

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Spotlight

TSheets is an employee time tracking and scheduling solution that saves business owners time and money. Get rid of that old punch clock or spreadsheet and simplify payroll, invoicing, and job costing. Whether theyre in the office or mobile, your employees can track time from any locationusing a smartphone, tablet, desktop or laptopin real time.

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