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Small Business

Cannings calls for extension on small business loans | News

Local groups are lining up behind MP Richard Cannings as he pushed the federal government to extend the deadline for repayment of business loans issued during the pandemic.

Cannings, who represents South Okanagan-West Kootenay, asked for relief in a letter to the finance minister sent Monday from his post as the NDP’s critic for small business and tourism.

Loans granted under the Canadian Emergency Business Account must be repaid by the end of the year in order to qualify for forgiveness of up to 33% and avoid a 5% interest penalty.

“Small business owners across Canada have done everything right,

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Small Business

Leading Small Business Banks Expand Digital Customer Support and Mobile Banking for Business Customers

Keynova Group Releases Annual Small Business Banker Scorecard

WILMINGTON, Del. (PRWEB) July 20, 2023

Keynova Group, the principal competitive intelligence source for digital financial services firms, today announced the results of the 2023 Small Business Banker Scorecard. Bank of America once again secures first place for Overall Score in the annual benchmark that evaluates the digital user experience for small business customers of 10 national and regional banks.

The Scorecard revealed that mobile banking for small businesses is evolving beyond the basic consumer experience with some banks offering business cash flow dashboards and cash projections. The key findings also indicate

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Small Business

Leadership Qualities the Most Successful Small Business Owners Share

Opinions expressed by Entrepreneur contributors are their own.

Small business owners are the backbone of the global economy, driving innovation, creating jobs and contributing to the overall growth of communities. In fact, more than 90% of the business population in the United States represents small and medium-sized businesses.

While every entrepreneur has a unique journey, there are certain qualities that the most successful small business owners share. These qualities play a crucial role in their ability to overcome challenges, adapt to market changes and, ultimately, thrive in their ventures. Let’s explore a few key qualities that differentiate the most successful

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Small Business

Small Business Jobs Index Dips in June, Rate of Wage Growth Continues to Moderate – Paychex (NASDAQ:PAYX), S&P Global (NYSE:SPGI)

The leisure and hospitality sector continues to struggle to hire back to pre-pandemic levels

The rate of small business hiring slowed modestly in June as hourly earnings growth across the US decelerated to 4.02% from 4.24% in May, according to the Paychex | IHS Markit Small Business Employment Watch. The national Small Business Jobs Index — which measures the rate of small business job growth in the US — registered 99.21 in June, virtually unchanged so far in 2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230705068435/en/

At 99.21, the national jobs index decreased 0.24% in June,

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Small Business

Small Business – The Atmore Advance

NEW YORK, July 02, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Comerica and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On May 29, 2023, citing a review of “internal documents,” American Banker reported that “Comerica Bank officials privately acknowledged significant compliance failures in their operation of a Treasury

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Small Business

This CEO wants small business owners to ditch the receipt shoebox

9 min read

To Xero CEO Sukhinder Singh Cassidy, small business owners are among the biggest hustlers in the world — who also happens to be incredibly paranoid about anything going wrong.

They have good reasons to be. The margins in a gas station, convenience store, or — in the case of Singh Cassidy’s parents — a medical practice aren’t always high. Recruitment is always a struggle. And when sales are down, many small business owners can’t turn to venture capital or a well-timed merger to bail them out of trouble.

“They live and die by cash,” Singh Cassidy explains.

As such, he

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Small Business

Small businesses struggling to make rent: report

Rising rents are taking their toll on small-business owners nationwide, according to a new report.

More than half of small-business owners polled by the small business network Alignable reported their rent was higher in June than it was six months ago. Some noted their rents have increased by 20%.

Alignable’s June Small Business Rent Report is based on responses from 4,801 randomly selected small-business owners polled between June 5-27, along with data from 18 months of previous surveys.

Close to 40 percent of small business owners struggled to make their payments on time, tying April for the highest delinquency rate

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