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Showing posts from February, 2021

Macy’s, Gap, Neiman Marcus Will Let You Buy Now, Pay Later - The Wall Street Journal

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Macy’s, Gap, Neiman Marcus Will Let You Buy Now, Pay Later - The Wall Street Journal Macy’s, Gap, Neiman Marcus Will Let You Buy Now, Pay Later - The Wall Street Journal Posted: 28 Feb 2021 06:00 AM PST Traditional retail chains like Macy's Inc. that derive much of their income from shoppers who pay with a store credit card are making room for a less-lucrative customer: buy now, pay later. The emerging payment option is a modern take on old-fashioned layaway plans, allowing shoppers to pay for purchases over time. The difference is they get the goods upfront. Chains from Macy's to Gap Inc. to Neiman Marcus Group Inc. have introduced buy now, pay later options in recent months to attract younger shoppers, who are less likely to use credit cards. For department stores, the new payment plans risk eating into income from store-branded credit-card fees that have helped offset retail sales declines. Moreover, instead of earning a profit

Small business loan program expands with PayPal, Square, Intuit - ABC News

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Small business loan program expands with PayPal, Square, Intuit - ABC News Small business loan program expands with PayPal, Square, Intuit - ABC News Posted: 14 Apr 2020 12:00 AM PDT A number of fintech companies -- many of them household names -- can now participate in the federal government's Paycheck Protection Program, and that is good news for scores of small business owners who might not have existing relationships with larger banks which have prioritized that in accepting applications so far. Square, PayPal and Intuit are among a group of non-traditional lenders the Small Business Administration has now approved to participate in this $350 billion program which provides government-backed, low interest, forgivable loans to rescue small businesses crushed by the novel coronavirus ' economic impact. Dr. Greg Werner poses for a picture with his Square credit card reader at his office in New York, Jan. 5, 2015.

Small Business Strikes Back: The Numbers Behind The Next 1000 - Forbes

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Small Business Strikes Back: The Numbers Behind The Next 1000 - Forbes Small Business Strikes Back: The Numbers Behind The Next 1000 - Forbes Posted: 16 Feb 2021 12:00 AM PST It's a critical moment for small business USA—blindsided by Covid, it remains our most powerful and reliable economic engine and field of dreams. Jamel Toppin for Forbes, Gabby Jones for Forbes, Gabriela Hasbun for Forbes, Courtesy of Alex West Steinman, Janelle Rose Photography, Courtesy of Robert Tankson. Design by Forbes I n 2020, American venture capitalists invested an unprecedented $156 billion dollars into 12,254 startups, setting records in biotech, pharma and fintech. There were a record 454 initial offerings in the U.S. markets, generating over $167 billion. But pull out a map, and you'll see a country full of small-scale entrepreneurs who don't have access to venture funding or Silicon Valley's unicorn factory. According to the Kauffma

TAXES: Everything small business owners need to know in 2021 - Business Insider

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TAXES: Everything small business owners need to know in 2021 - Business Insider TAXES: Everything small business owners need to know in 2021 - Business Insider Small business that went from a living room to a storefront - WHNT News 19 QC Chamber partners with Small Business Development Centers to support minority businesses - WHBF - OurQuadCities.com TAXES: Everything small business owners need to know in 2021 - Business Insider Posted: 28 Feb 2021 02:46 AM PST 2021 will be an important year for small businesses to file their taxes. Tax credits and incentives can be an effective way to offset losses from a difficult year. But very few small businesses take advantage of all the credits available to them. Visit the Business section of Insider for more stories . 2021 will be an important year for small businesses to file their taxes, as many are still reeling from financial losses during the pandemic. But tax cre

Best Startup Business Loans of 2021 - Investopedia

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Best Startup Business Loans of 2021 - Investopedia Best Startup Business Loans of 2021 - Investopedia Posted: 19 Feb 2021 12:00 AM PST Bottom Line Startup business loans can be some of the most difficult types of loans to obtain. Not only do they usually require high levels of credit, cash injection from the owner, and collateral (three things many business owners don't have when they are starting their first business), these loans can also be paperwork-intensive. That's why online lenders and financial technology companies are rising to the top. These types of companies have taken on a traditionally difficult challenge for the lender and the borrower and developed ways to reduce the risk and inconvenience for both parties.  Our best overall for startup business loans, Finance Factory, is an online lender that funds pre-revenue startups, publishes learning resources, and is transparent with their rates and fees. Compare Provi

5 Personal Loan Requirements To Know Before Applying - Forbes

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5 Personal Loan Requirements To Know Before Applying - Forbes 5 Personal Loan Requirements To Know Before Applying - Forbes Posted: 22 Feb 2021 01:00 AM PST Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Personal loan requirements vary by lender, but there are a few considerations—like credit score and income—that financial institutions always look at when reviewing applicants. Before you start shopping for a loan, familiarize yourself with the common qualifications you'll need to meet and the documentation you'll need to provide. This knowledge can help streamline the application process and may improve your chances of qualifying. Here are five common requirements that financial institutions look at when evaluating loan applications. 1. Credit Score and History An applicant's credit score is one of the

Fraud Checks and Errors Slow Small-Business Relief Loans - The New York Times

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Fraud Checks and Errors Slow Small-Business Relief Loans - The New York Times Fraud Checks and Errors Slow Small-Business Relief Loans - The New York Times Posted: 22 Feb 2021 02:00 AM PST In December, Congress approved $284 billion for a new round of lending, including second loans to the hardest-hit businesses . This time, the Small Business Administration was determined to crack down. Instead of approving applications from banks immediately, it held them for a day or two to verify some of the information. That caused — or exposed — a cascade of problems. Formatting applications in ways that will pass the agency's automated vetting has been a challenge for some lenders, and many have had to revise their technology systems almost daily to keep up with adjustments to the agency's system. False red flags, which can require time-consuming human intervention to fix, remain a persistent problem. Numerated , a technology company that pr