
CT Bank Launches Digital Bank for Mass. Small Businesses
Middletown, Connecticut-based Liberty Bank has launched a digital bank for small business owners in Massachusetts, the growing lender’s latest effort to expand north into the state.
Middletown, Connecticut-based Liberty Bank has launched a digital bank for small business owners in Massachusetts, the growing lender’s latest effort to expand north into the state.
According to the latest Biz2Credit Small Business Lending Index released in February, the approval rates of small business loan requests at big banks have fallen for nine consecutive months.
Economic conditions, costs and ongoing difficulties with payment processing technology have driven drop in small business satisfaction with merchant services providers.
While almost two-thirds of U.S. small and midsize businesses expect a recession this year, business leaders have an optimistic outlook for their own company’s performance in 2023, according to a survey from JPMorgan Chase.
Small business owners with a dedicated account manager at their credit card issuer, including business owners pessimistic about the year ahead, had higher overall satisfaction with the issuer, according to a recent study from J.D. Power.
Chelsea-based Metro Credit Union has partnered with the Initiative for a Competitive Inner City to sponsor a virtual educational program offered in Spanish for Latino small business owners.
Consumers saw how hard small businesses were hit by the COVID-19 pandemic and now – as they resume in-person shopping and sit-down dining – it appears they want to help.
Opponents of the proposed surtax on household income over $1 million launched their campaign Monday morning to defeat the Constitutional amendment on November’s ballot, focusing on the potential impact on small businesses and retirees as well as the possibility that the Legislature treats the estimated $1.3 billion in annual surtax revenue as a “blank check.”
Despite concerns about the economy, more than half of Central Massachusetts small businesses planned to increase hiring in 2022, according to a recent survey by Leominster-based Fidelity Bank.
The Black Economic Council of Massachusetts has named Nicole Obi its new president and CEO.
The U.S. Small Business Administration will launch a portal next week that will let borrowers with Paycheck Protection Program loans of $150,000 or less apply for forgiveness directly through the SBA.
Small businesses owners ended 2020 with increased optimism, and most expect to recover in 2021 from the economic challenges brought on by the pandemic, according to recent studies from national banks.
The small businesses most affected by the pandemic were less satisfied with the companies that support their card and mobile wallet payments, with service-type functions receiving the lowest ratings, according to a new study from J.D. Power.
With economic uncertainty as their top challenge, more than half of small businesses would consider taking an online loan if they need capital this year, according to a new survey from JPMorgan Chase.
More than half of small business owners surveyed in Greater Boston plan to apply for or have already sought funding to address the impact of the pandemic on their business, according to a recent report from Bank of America.
Gov. Charlie Baker is throwing small businesses a $10 million lifeline as their sales shrink dramatically amid concerns over the spread of COVID-19.
About three-quarters of U.S. small and midsize companies are optimistic about their own performance, and the majority expect to grow sales this year, according to the annual JPMorgan Chase Business Leaders Outlook released this week.
A Boston woman plead guilty last week in federal court in Boston to bank fraud in connection with the embezzlement of over $229,000 from a small business that employed her.
Droves of small business owners in Boston are planning to beef up their business in the coming years.
A two-day sales tax holiday, which has taken place nearly every year for more than a decade, is a lifeline for shops swamped with competition by online retailers that are always a few clicks away, the state’s top retail spokesman told lawmakers.