Small businesses are increasingly turning to high-interest debt such as credit cards to keep the lights on, according to a new survey from Equifax Canada.
“I think what we’re really starting to see now in the economy is the fallout of the pandemic. A lot of small businesses have had a lot of debt accumulated from a pandemic,” Jeff Brown, head of commercial solutions at Equifax Canada, said in a phone interview.
“We’re seeing this
For small organizations, the current cyber threat landscape is brutal. While big-name breaches steal the headlines, small businesses suffer the most from ransomware attacks. Additionally, other studies reveal that only half of all small businesses are prepared for a cyberattack. In the face of these challenges, NIST is creating a new initiative to help.
To help smaller organizations face the growing cyber threat, NIST recently launched its Small Business Cybersecurity Community of Interest (COI). Here’s how this new association can help your organization move forward with a cyber readiness plan today.
It’s far past time
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[5-Part Article Series]
People with physical disabilities hold limited positions as scholars, teachers, or leaders in physical education, recreation, and sports. Perhaps the reason is that the field is flooded with able-bodied people who think they know best. But do they? Michael Oliver, imminent writer, and scholar argued that people with physical disabilities should be the only ones in the field of disability studies because they have a bodily experience with disabilities. The following five-part article series shares the perspective of a scholar in the field of sports disability who has his own physical limitations. In
With the deadline to repay a federal government COVID-19 loan looming, the owners of some small businesses in Manitoba are worried about their future.
The Canadian Federation of Independent Business says approximately 90 per cent of small businesses in the province took out loans through the Canada Emergency Business Account, also known as CEBA.
The federal program, meant to offset losses caused by the pandemic, offered zero-interest loans of up to $60,000. As much as one-third of those loans — up to $20,000 — would be forgiven if the remainder was repaid before Dec. 31, 2023.
But a lot of
Experts say businesses have a lot of options for storing their money safely—and they don’t necessarily involve stashing their cash with “too-big-to-fail” megabanks.
The failures of three medium-sized banks this spring rattled small business owners, who often had deposits in excess of the $250,000 that’s protected by the Federal Deposit Insurance Corporation. Almost two-thirds of small businesses keep their money in small or regional banks, according to an April survey by the National Federation of Independent Businesses. And 70% of business owners said they were at least slightly concerned about the financial health of their banks in the wake of
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Did you know that veterans own almost 2 million small businesses that generate an impressive $1.3 trillion annually? In fact, veterans are 45% more likely than non-veterans to start
The May jobs report showed leisure and hospitality trending upwards, with the food and services sector seeing over 33,000 jobs added. Ron Silver, Bubby’s Chef & Owner, joins Yahoo Finance Senior Reporter Alexandra Canal at Bubby’s Tribeca in New York City to discuss the state and importance of restaurant talent, the impact of inflation on the restaurant industry, and post-pandemic business.
BRAD SMITH: The May jobs report dropped earlier this morning with the leisure and hospitality industry trending upwards. The vast majority of them were in the food services and drinking places, those jobs added, with over 33,000
Check out our pick for the Best No Annual Fee Credit Card of 2023
Not that long ago, women couldn’t even apply for business financing without having a male cosigner. Today, women make up around 20%
