Is Your Business Insured for the Loss It Is Most Likely to Face?
When business owners think about disaster risk, most picture damage to their building or property. But a recent Federal Reserve Banks analysis suggests that lost revenue is the more common consequence, and that business interruption insurance, designed to protect...
Small Business Size Standards: The SBA Is Redefining Who Counts
By law, the SBA has to do this. The Small Business Jobs Act of 2010 directs the agency to review all of its small business size standards every five years and adjust them to market conditions. The first closed in 2016, the second in 2023, the third is underway. The...
AI Adoption Trails the Hiring Cuts Made in Its Name
In June, we looked at why most small businesses aren’t using AI yet. New research from Goldman Sachs shows this isn’t a small-business problem, or even an American one. AI adoption remains low worldwide, yet many large employers cut hiring anyway. Global...
Embedded Small Business Lending Is Rewriting Who Originates the Relationship
Your member already got the loan, just not from you. Increasingly, that’s because the credit relationship already happened elsewhere: inside the point-of-sale system, accounting software, or payment processor the member uses every day. This is embedded small...