small businesses

Chase is raising its small business lending

November 10, 2009 - 5:54am | Banks and internet banks | News

Chase announced today that it plans to increase its lending to small businesses by up to $4 billion in 2010, boosting expected new lending to about $10 billion to this vital segment of the U.S. economy. This will provide businesses with increased access to working capital, term loans for expansion, commercial mortgages, lines of credit, and business credit cards. While the $4 billion in additional credit will be available to qualified businesses with annual sales of less than $20 million, the majority of new loans will be targeted to companies with sales of less than $10 million.

bank | Chase | lending | small businesses | US

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JPMorgan Chase increases lending to U.S. SMBs by more than 50 %

September 10, 2009 - 4:00am | Banks and internet banks | News

Lending up more than 50 percent to begin fueling economic recovery

Keeping credit flowing when businesses need it most, JPMorgan Chase made approximately $15.1 billion in loans and lines of credit to 21,000 small- and medium-sized businesses across the U.S. during the second quarter of 2009, the firm announced today. JPMorgan Chase is committed to helping small- and medium-sized firms during tough economic times, as they play a pivotal role in fueling the nation’s recovery.

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41 % of small businesses reward employees irrespective of their results

August 27, 2009 - 6:41am | Figures | News

A recent survey of 1,000 small businesses in the United States revealed that 41 % of owners pay their employees just to show up and that model is killing profitability. The survey was conducted by management consulting firm George S. May International Company.

employees | measurable goals | pay-for-performance concept | profitability | small businesses

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Intuit PaymentNetwork soft was launched for individuals and small businesses

August 21, 2009 - 7:10am | News | Payment systems

As it became known on Thursday, Intuit has soft-launched a "new and affordable way to send and receive payments over the Internet" for individuals and small businesses," called Intuit PaymentNetwork. A comprehensive set of help and support Q&A is available online.

For small

funds | Intuit | Intuit PaymentNetwork | low-cost payment alternative | small businesses

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PayCycle becomes part of Intuit's small business group

July 24, 2009 - 6:45am | News | Payment systems

Intuit Inc. announced that it has completed its acquisition of PayCycle, Inc., a provider of online payroll services for small businesses, accountants and financial institutions, serving more than 85,000 small businesses. The approximately $170 million acquisition expands the online capability of Intuit's payroll offering and strengthens the company's position as a provider of software as a service for small businesses.

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US government gives big money to big companies and has no money for SMBs

July 21, 2009 - 7:21am | Analytics | News

U.S. small businesses, representing 99.7 % of all U.S. employer firms, say they feel slighted by the Obama administration and efforts to shore up the economy, with large companies taking much of the government's attention and stimulus cash. The government decision last week against bailing out small business lender CIT Group raised fears of thousands of companies left without funding for day-to-day operations, and the lack of support showed big corporations can get bailout cash but small business’ interests are less pressing.

healthcare reform | insurance exchange | lending market | mandates | small businesses

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Businesses more depend on credit cards while the credit terms are terrible

May 11, 2009 - 9:22am | News | Plastic cards

The National Small Business Association (NSBA) Small Business Credit Card Survey showed that reliance on credit cards among small businesses is growing along with the number of small-business respondents who reported worsening credit-card terms.

According to the survey, 59 percent of small-business respondents used credit cards to finance their business in the past 12 months, against 49 percent in December 2008.

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Chase Paymentech and Angie's List to help SMBs accept e-payments

February 19, 2009 - 8:27am | News | Other themes

Chase Paymentech and Angie's List announced their alliance aimed at providing affordable credit card and electronic payment acceptance for small businesses and service providers. The alliance allows service providers on Angie's List access Chase Paymentech's payment platforms at preferential rates.

Agnie’s List | Chase Paymentech | credit cards | electronic payments | small businesses

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