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Most U.S. small businesses took sales hit due to pandemic, Fed survey finds

5 Min Read
(Reuters) - The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according to a Federal Reserve survey released on Wednesday.
FILE PHOTO: People walk past a business that is closing following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., August 17, 2020. REUTERS/Carlo Allegri/File Photo
The survey, which was conducted in September and October - after the first two rounds of the Paycheck Protection Program (PPP) had closed to new applicants and before Congress had finalized a nearly $900 billion aid package - showed many small businesses worried they would not survive without government help. ....

Paul Simao , Jonnelle Marte , Thomson Reuters Trust Principles , Its Small Business Credit , Paycheck Protection Program , Federal Reserve , Small Business Credit Survey , Thomson Reuters Trust , பால் சீமாோ , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , அதன் சிறிய வணிக கடன் , சம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , கூட்டாட்சியின் இருப்பு , சிறிய வணிக கடன் கணக்கெடுப்பு , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Minority-owned businesses struggle to access credit during pandemic, Fed survey finds

5 Min Read
(Reuters) - The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according to a Federal Reserve survey released on Wednesday.
FILE PHOTO: People walk past a business that is closing following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., August 17, 2020. REUTERS/Carlo Allegri/File Photo
The survey, which was conducted in September and October - after the first two rounds of the Paycheck Protection Program (PPP) had closed to new applicants and before Congress had finalized a nearly $900 billion aid package - showed many small businesses worried they would not survive without government help. ....

Paul Simao , Aurora Ellis , Jonnelle Marte , Frank Fossen , Thomson Reuters Trust Principles , University Of California At Santa Cruz , Its Small Business Credit , Federal Reserve , Small Business Administration , University Of Nevada , Paycheck Protection Program , Small Business Credit Survey , Robert Fairlie , Santa Cruz , Small Business , Thomson Reuters Trust , பால் சீமாோ , அரோரா நீள்வட்டம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , பல்கலைக்கழகம் ஆஃப் கலிஃபோர்னியா இல் சாந்தா குரூஸ் , அதன் சிறிய வணிக கடன் , கூட்டாட்சியின் இருப்பு , பல்கலைக்கழகம் ஆஃப் நெவாடா , சம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , சிறிய வணிக கடன் கணக்கெடுப்பு , ராபர்ட் ஃபேர்லி ,

UPDATE 1-Minority-owned businesses struggle to access credit during pandemic, Fed survey finds

5 Min Read
(Reuters) - The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according to a Federal Reserve survey released on Wednesday.
FILE PHOTO: People walk past a business that is closing following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., August 17, 2020. REUTERS/Carlo Allegri/File Photo
The survey, which was conducted in September and October - after the first two rounds of the Paycheck Protection Program (PPP) had closed to new applicants and before Congress had finalized a nearly $900 billion aid package - showed many small businesses worried they would not survive without government help. ....

Paul Simao , Aurora Ellis , Jonnelle Marte , Frank Fossen , Thomson Reuters Trust Principles , University Of California At Santa Cruz , Its Small Business Credit , Federal Reserve , Small Business Administration , University Of Nevada , Paycheck Protection Program , Small Business Credit Survey , Robert Fairlie , Santa Cruz , Small Business , Jonnelle Marte Editing , Thomson Reuters Trust , பால் சீமாோ , அரோரா நீள்வட்டம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , பல்கலைக்கழகம் ஆஃப் கலிஃபோர்னியா இல் சாந்தா குரூஸ் , அதன் சிறிய வணிக கடன் , கூட்டாட்சியின் இருப்பு , பல்கலைக்கழகம் ஆஃப் நெவாடா , சம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , சிறிய வணிக கடன் கணக்கெடுப்பு ,

Altimetrik Launches Digital Lending Platform for Small, Mid-tier Banks

Altimetrik Launches Digital Lending Platform for Small, Mid-tier Banks
Southfield-based Altimetrik has introduced its Digital Lending Platform for banks to offer online lending. It’s designed to increase satisfaction among online borrowers.
Altimetrik has introduced its Digital Lending Platform for small and mid-tier banks. // Stock photo
Southfield-based Altimetrik has introduced its Digital Lending Platform for banks to offer online lending. It’s designed to increase satisfaction among online borrowers.
While online lending has surged in each of the last several years, satisfaction among online borrowers is far lower than those taking loans from traditional banks, according to Altimetrik.
“Our solution addresses the shortcomings in current mobile and online experiences for personal and commercial lending, something that is accentuated in a post-COVID world,” says Raj Sundaresan, CEO of Altimetrik. ....

New Jersey , United States , United Arab Emirates , Raj Sundaresan , Paycheck Protection Program , Small Business Credit , Digital Lending Platform , Small Business Credit Survey , Protection Program , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , மிச Ou ரி , ஒன்றுபட்டது அரபு அமீரகங்கள் , ராஜ் சுந்தரேசன் , சம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் , சிறிய வணிக கடன் , டிஜிட்டல் கடன் நடைமேடை , சிறிய வணிக கடன் கணக்கெடுப்பு , ப்ரொடெக்ஶந் ப்ரோக்ர்யாம் ,