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Complete Story
06/28/2022
PayPal’s First Business Credit Card Helps SMBs Earn Cash on B2B Spend
PYMNTS.com
For small businesses — long the bedrock of Main Street — the cash crunch has never been more acute.
No one needs to be reminded that inflation is among the toughest challenges right now, testing how far revenues and cash can be stretched to meet operating expenses. Navigating supply chains and getting vendors paid quickly can mean the difference between having inventory on hand, or being stocked out.
Bernardo Martinez, vice president of global merchant lending at PayPal, told PYMNTS’ Karen Webster the traditional conduits to capital are drying up. The Federal Reserve, of course, is tightening monetary policy, which in turn means that banks are becoming more hesitant to lend.
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