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Survey: 92% Of Small Business Have Pivoted Due To COVID-19

One of the hottest business buzzwords during the coronavirus pandemic has been “pivot” — the concept of businesses reinventing and shifting strategies. By the numbers, small businesses across the US have indeed embraced the pivot: 92% reported changing at least one aspect of their business since the onset of COVID-19, according to data from a recent survey that was released online last week.

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Jul 31, 2020 Filed under: News, Small Business 0

QuickBooks Cash Is Intuit’s New High-Yield Bank Account For Businesses

Intuit is a well-known name in the world of business finance. Now the financial titan is getting in on the small business banking game with QuickBooks Cash. Customers will receive a 1.00% annual percentage yield (APY) on all balances — a competitive rate compared to most accounts on the market today. This new offering is meant to work in sync with Intuit’s existing QuickBooks products, such as payroll, payments, and accounting services.

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Jul 30, 2020 Filed under: News, Small Business 0

Kabbage Checking: New Checking Account From Kabbage Dangles High APY In Front Of Small Businesses

There’s a new kid on the block in the world of small business checking accounts: Kabbage Checking. As any new product should, this checking service — announced last week by online lender Kabbage — has a few tricks up its sleeve to entice business owners. To start, Kabbage Checking boasts a 1.10% annual percentage yield (APY) that will be paid out monthly to each customer account. While APYs do fluctuate based on the market, Kabbage’s offering is among the highest available to small businesses at the time of writing.

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Jul 29, 2020 Filed under: News, Small Business 0

Women-led Businesses More Impacted By COVID-19, Survey Says

COVID-19’s destructive wake has damaged small businesses of all kinds, but those led by women have been disproportionately affected, based on a new report by Facebook. A survey found that 71% of women-led businesses in the US are operational or engaging in any sort of revenue-generating activity compared to 83% of those run by men.

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Jul 28, 2020 Filed under: Business Grants, News 0

Automatic Forgiveness For PPP Loans? Idea Is Building Steam

Small businesses that have become saddled with Paycheck Protection Program (PPP) loan debt may be able to receive automatic forgiveness soon. That’s the heart of the Paycheck Protection Small Business Forgiveness Act, a bipartisan bill introduced last month by Sens. Kevin Cramer, R-N.D., Bob Menendez, D-N.J., Thom Tillis R-N.C., and Kyrsten Sinema, D-Ariz. This piece of legislation provides automatic loan forgiveness for PPP loans under $150,000. Qualifying businesses would only need to fill out a one-page form to become eligible for forgiveness.

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Jul 22, 2020 Filed under: Business Loans, News 0

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