Small businesses could soon see lines of credit canceled from banks as the global banking crises, inflationary pressures and rising interest rates slow commercial lending.
Javier Palomarez, president and CEO of the United States Hispanic Business Council, discusses the Silicon Valley Bank collapse and its detrimental impact on small businesses’ access to capital."Unexpectedly canceling lines of credit in tech would be the equivalent of pulling the emergency brake on your car driving down the interstate," he said.
Employees work on the assembly line at the Dakkota Integrated Systems manufacturing facility in Detroit on May 5, 2022. Meanwhile, the latest ADP jobs data showed that jobs in financial activities , professional/business , information and manufacturing lost jobs in March.JPMorgan Chase CEO Jamie Dimon warned
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Failed Banks Shouldn't Be Cash Machines for Disgraced Execut...In debates about who to blame for failures at Silicon Valley Bank and Signature Bank, and fears of contagion as we see UBS buy out Credit Suisse, a major angle is being overlooked: the wide swath of common ground on this issue.
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24 Small Ways You're Making Your Home More DangerousExperts share the most common home hazards. These seemingly innocuous habits could be making your home dangerous.
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M&T Bank launches second ‘Multicultural Small Business Lab’ and pitch competitionThe Multicultural Small Business Lab will conclude on June 21 with a pitch competition and opportunity to win grants from $2000 to $6,000. And those prize amounts will likely increase. Registration ends April 18.
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Trump protest: Small group of former president's supporters, foes face off ahead of court appearanceBackers of the nation's 45th president held signs reading 'Trump or Death,' while adversaries countered with signs saying 'Lock him up' and 'IndicAted' -- a reference to how Trump misspelled indicted in a post on his social media platform Truth Social.
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Trump protest: Small group of former president's supporters, foes face off ahead of court appearanceBackers of the nation's 45th president held signs reading 'Trump or Death,' while adversaries countered with signs saying 'Lock him up' and 'IndicAted' -- a reference to how Trump misspelled indicted in a post on his social media platform Truth Social.
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PayPal now offers Apple Pay support for small businessesApple Pay is now a checkout option for small businesses using PayPal. Here's what you need to know about this update.
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