best small business

Small Business Saturday, art walk event, drew customers downtown
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Small Business Saturday, art walk event, drew customers downtown

FARMINGTON – One sign business is booming in the Studio Bake Shoppe at the Artifiacts 302 gallery is when they start to run out of milk. Big time. Owner Bev Taylor left the cash register to buy eight more gallons of milk for a long line of patient diners waiting for coffee and baked goods to bring people to the place even on a quiet day. And Nov. 26 was no quiet day. “We’re doing great,” Taylor said after ringing up a couple more customers around 4 pm as the golden afternoon sun slid through the windows. “We started at…
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SBA loans from the pandemic will need to start being repaid soon
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SBA loans from the pandemic will need to start being repaid soon

After 30 months of deferred payments, the Small Business Administration is now collecting on Economic Injury Disaster Loans. Not everyone is expected to pay up. MATTHEWS, NC — As 2022 draws to a close, small business owners like Karessa Jackson face the daunting reality that it’s time to start repaying their federal pandemic loans. Jackson, the owner of a collision and auto repair shop in Matthews, expects to soon start making monthly payments connected to her $500,000 COVID-19 Economic Injury Disaster Loan (EIDL). “It may be a struggle,” she said. “It would be great if we had another six months.”…
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Small Business Saturday Statistics In 2022
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Small Business Saturday Statistics In 2022

wera Rodsawang/Getty Imges Small Business Saturday is an annual American holiday that celebrates local entrepreneurs and encourages shoppers to buy from small businesses in their area. In 2022, Small Business Saturday falls on November 26. 33.2 million small businesses currently operating in the US (Small Business Administration) Small businesses generated 12.9 million net new jobs over the past 25 years, accounting for two out of every three jobs added to the economy. (SBA) In 2021, 51 million shoppers participated in Small Business Saturday. (National Retail Federation) More than 50% of Americans say they will shop small on Small Business Saturday.…
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Mass. small business sales mostly won’t trigger ‘millionaire’s tax,’ report finds
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Mass. small business sales mostly won’t trigger ‘millionaire’s tax,’ report finds

Small business sales in Massachusetts, in the vast majority of circumstances, would not trigger the so-called Fair Share Amendment or millionaires tax, should the contentious ballot question succeed at the polls next month, a new report released Monday finds. Opponents of Ballot Question 1, which would impose a 4% surtax on incomes exceeding $1 million, warn that one-time earnings — including from the sale of businesses — could disproportionately harm small business owners and their nest eggs as they wrestle with the impact of the referendum. Funding from the tax is intended to augment transportation and education spending. But only…
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Capital on Tap Raises 0 Million to Power the Spend of Small Businesses
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Capital on Tap Raises $110 Million to Power the Spend of Small Businesses

ATLANTA, Oct. 20, 2022 /PRNewswire/ — Global FinTech Capital on Tap has secured a $110 million corporate revolving credit facility with Atalaya Capital Management to provide small businesses in the US and UK with a central hub to manage all aspects of their business finances. Since launching in 2012, Capital on Tap has provided over $5 billion of funding to more than 200,000 small businesses. In 2021, Capital on Tap launched their US business, which already has more than 14,000 Capital on Tap Business Credit Card holders in its one year of existence. The Capital on Tap Business Credit Cards…
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Brightflow AI aims to spotlight small business cash flow
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Brightflow AI aims to spotlight small business cash flow

Cash flow can make or break a small business; in fact, issues in this area account for 82% of small business failures, according to US Bank data. Robbie Bhathal Brightflow AI Robbie Bhathal, co-founder and CEO of Brightflow AI. Image Credits: Brightflow Brightflow AI is injecting technology into this problem with its forecast and analysis tools so that small businesses can assess their cash flow and make data-driven decisions in real time. Brightflow also has a capital lending program to help during times of volatility or periods of high interest rate for traditional capital. The San Francisco–based company’s cash flow…
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