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How Credit Unions Help SMBs Get Creative To Navigate Market Uncertainty

PYMNTS

Small businesses are turning toward their financial service providers now more than ever, not only for access to working capital and key products to run their business, but also for advisory services and guidance on how to navigate today's volatile market. Getting Creative. An Agile Business Model.

Marketing 165
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GM Backs Car Maintenance Service Yoshi With $23 Million

PYMNTS

This marks the second time GM's venture capital arm has invested in Yoshi since 2018, and the round will go toward helping Yoshi hire more employees and expand as the pandemic ends, according to Yoshi Co-Founder and CEO Bryan Frist , according to CNBC. markets, CNBC reported.

Michigan 180
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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

• Detroit, Michigan – Flagstar Bank ($4.65 Flagstar Bank, headquartered in Troy, Michigan, just outside of Detroit, offered the largest volume of mortgage loans of the community banks identified, with more than four and a half billion dollars in mortgages. Flagstar capitalizes on going local, too. billion).

Cleveland 150
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New Unemployment Claims Down 48K To 709K

PYMNTS

The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. Continued jobless claims — people filing for more than two weeks in a row — were 6.8 The largest increases in initial claims for the week ending Oct.

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The Week Opens with Treasuries in Rally Mode

South State Correspondent

The flight-to-safety component revolves around rumors that Credit Suisse Bank is facing capital concerns. The Fed wants that rate to increase further hoping that previously sidelined workers return to the labor force easing some tightness in the labor market and ease wage gains. The stock has dropped from $9.99 in recent trading.

Survey 195
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PayPal (Maybe) Pulls Ahead Of The SMB Lending Pack

PYMNTS

Plus, there is new evidence that the middle-market business community fared particularly well in the first quarter. percent drop in revenue among micro-enterprises dims the overall sentiment among SMBs, and presents a stark contrast to the mid-market’s performance for Q1. Beyond the U.S., percent during the first quarter.

Lending 168
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VCs Back Autobooks For SMB Banking

PYMNTS

The new funding also saw participation from CU Solutions Group, Baird Capital, Detroit Venture Partners and Invest Michigan, the company said, adding that the round follows its self-funded $2 million in seed financing. “We The company did not indicate when these pilot programs would advance into more large-scale launches.

Detroit 122