Small business

A new survey finds that 14% of small and medium-size businesses switched banks last year and 18% are considering switching this year. Doug Brown senior vice president of FIS, explains why, and what banks should do about this.

Small businesses have not embraced chip cards as quickly as big chains, and there are some adjustments technology companies should make, writes ShopKeep CEO Michael DeSimone.

Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.

Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.

On Dec. 31, 2016. Dollars in thousands, except for average loan amount

Better access to credit, an improving revenue picture and promises of regulatory relief are bolstering the confidence of small-business owners.

Wells Fargo community banking head Mary Mack is seeking three new deputies and shaking up regional leadership of the division she inherited after a bogus-account scandal.

The bank and cloud accounting platform will offer services to mutual customers via API.

People are warming up to mobile payment apps like Apple Pay and Samsung Pay, but concerns over fraud and ID theft could still pose headwinds.

President-elect Trump has nominated Linda McMahon, a co-founder of the World Wrestling Federation, to run the Small Business Administration for the next four years. If confirmed, McMahon, a Republican, will inherit an agency that has supported record loan volume lately, but that many bankers still view as too bureaucratic and inefficient. We asked bankers and small-business advocates what is working well at the SBA, what they would like to see improved, and what else the Trump administration could do to stimulate small-business growth. Here's what they had to say.