A wider range of small businesses and digital creators will now be able to sell on Instagram thanks to some new and looser commerce eligibility requirements that went into effect July 9th. Chief among the new requirements: Businesses will need to provide a website where they own and sell “at least one eligible product” in order to use shopping tags on Instagram.
Fintech — a term that stems from “financial technology” — has played a key role in the years after the 2008 recession by offering small businesses alternative lending platforms to the traditional banking system. During the current time of crisis, many fintechs pivoted quickly to shovel out billions in PPP funds. Like almost everything else associated with the PPP, fintechs have been far from perfect over the past few months. However, these forward-facing firms have still helped fill a gap left by the bigger banks.
What The Paycheck Protection Program Flexibility Act (PPPFA) Is & How It Could Affect Your Small Business
In response to criticisms regarding the Paycheck Protection Program, the government has introduced and passed the PPP Flexibility Act of 2020. This amendment aims to alleviate some concerns regarding the business aid program by extending due dates and allowing wider use of the funds.
Small Business Riot Damage Relief: What To Expect & How Your Small Business Might Be Able To Get Assistance
The question of who pays for damage following riots is often a tricky one. Business owners generally have several avenues to pursue: insurance, government aid, and/or private support through loans or donations. Success in these avenues can vary wildly from business to business, however. Read on for a look at the history of rioting in America and how small businesses can recoup losses from riot-based damage.
Essential Work Travel: 6 Tips To Stay Safe While Traveling During Coronavirus (& 4 Alternatives To Travel)
Social distancing has become the new normal in the wake of COVID-19, and business travel has unsurprisingly been limited in the recent days and months. However, with states slowly beginning to relax restrictions and businesses struggling to make a buck, the desire to return to usual work travel is understandably becoming more common. Should your business return to a normal travel routine? Read on for tips and tricks to pandemic traveling.
Plastiq For Business: Could Plastiq Could Help Your Small Business Manage Expenses & Improve Cash Flow?
Plastiq allows you to make payments that would otherwise require checks or bank transfers with a credit card. All told, this can help simplify your accounting while letting you take advantage of the benefits a credit card provides. There is a catch, however; Plastiq charges a 2.5% fee on each payment, meaning that this service may or may not work for your bottom line.
As the COVID-19 pandemic continues its societal devastation and an economic crisis thrives in its wake, many businesses throughout the US are hurting financially. In an effort to help alleviate small- and medium-sized businesses, the Federal Reserve has announced a new inititative known as the Main Street Lending Program. Read on for more details.
Contactless cards offer a simple and safe way to pay for purchases during the coronavirus pandemic. By ensuring that your wallet contains contactless-enabled credit cards, you’ll help keep both yourself and others at less risk throughout this turbulent time. Plus, you may find that paying with just a tap is both easier and faster than more traditional methods.
Unfortunately, business credit cards that lack personal guarantees are few and far between. With how risky a proposition businesses are, issuers just aren’t comfortable handing out credit cards without some sort of extra backing. Still, there may be a few options out there for your business that don’t require a personal guarantee.
Was Your Credit Card Limit Lowered Due To COVID-19? How To Minimize The Damage To Your Financials & Credit
Have you been hit by a lower credit limit recently, due to the coronavirus pandemic? Or are you concerned about having your card’s credit line decreased in the future? Continue reading to find out how you can help manage your situation and keep your business financially healthy.