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NEW REPORT: Helping Main Street SMBs Close The Cash Flow Gap

PYMNTS

Main Street small- to medium-sized businesses (SMBs) are a barometer for the economic vitality and the health of the broader U.S. After all, a bustling Main Street signals new business opportunities and growth potential. So how are Main Street SMBs planning to keep up until things go back to business as usual?

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New Data: Inside Main Street SMB’s Digital Shift

PYMNTS

Confronted with the option, most SMBs chose to innovate. In Main Street On Lockdown: Business Recovery edition, we surveyed 431 SMB owners from across the U.S. Forty-two percent of them say they plan to not only keep the innovations they have adopted since the pandemic began, but also to expand them as their areas slowly reopen.

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Main Street?s Pandemic-Led Shift To Digital Innovation

PYMNTS

in Main Street On Lockdown: Business Recovery. Small and medium-sized companies faced the choice of finding digital ways to reach customers or run the risk of going out of business. All this, Today in Data. 431: Number of SMB owners PYMNTS surveyed from across the U.S. 45.9%: Portion of SMBs that have applied for PPP loans.

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The Road To Recovery: Main Street SMBs And Closing The Cash Flow Gap

PYMNTS

To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation. One of the digital tools in which Main Street SMBs show great interest is real-time merchant fund settlement.

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Use This Framework for Better Bank Innovation

South State Correspondent

Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult. The Problem of Bank Innovation. Framing Innovation.

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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

And as much as people may complain about the crowds in the stores or on Main Streets, they like being part of the hustle and bustle – and the energy it brings. Saving Main Street. This product innovation has become a permanent offer for her clients who travel, or who spend time outside of Boston during the winters and summers.

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The State Of Main Street In 2020’s Second Half

PYMNTS

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. That requirement of rapid change left many Main Street merchants deeply shaken and worried about their futures.

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