This week, on ASBN Small Business News, anchor Shyann Malone brings you up to speed on the latest tools and resources now available for small to medium-sized businesses.
Top Stories
With the announcement of a strategic alliance, Allstate Health Solutions and Intuit will provide QuickBooks online payroll users with additional insurance choices for their employees. Through the partnership, company owners will receive a greater degree of support in selecting benefits. Upon enrollment, they will have access to a broader range of plans featuring a contemporary user interface, extensive add-on features, and an exclusive agent network. Read more
Adobe provided online shopping data for the 2023 holiday season, which includes Cyber Week—the five-day shopping period from Thanksgiving to Black Friday and Cyber Monday. Based on Adobe Analytics data, the research revealed consumers spent a total of $12.4 billion on Cyber Monday, the buy now pay later usage accounted for $940 million in online spending, marking a record high, and discounts peaked at 31% off listed prices. Moreover, Thanksgiving broke previous records for mobile shopping, with smartphones accounting for 59% of online transactions. Read more
Gran Coramino tequila, a tequila brand created by actor entrepreneur Kevin Hart and 11th-generation tequila maker Juan Domingo Beckmann, recently began accepting applications for the Coramino Fund. The fund provides nationwide learning opportunities and $10,000 grants to Black and Latino entrepreneurs. In its first year, the Coramino Fund received over 20,000 applications from every state and awarded $10,000 in scholarships to 50 entrepreneurs to help their small businesses thrive. Co-creator Kevin Hart noted, “The Coramino fund is not just about grants – it’s about building a legacy of economic empowerment and generational success.” Applications for eligible U.S. businesses are open now at lisc.org/grancoramino and close Dec. 5, 2023, at 11:59 p.m. Read more
A new alliance between spend management platform Ramp and technology-driven banking service Rapid Finance will enable small businesses to access capital more quickly. Due to the partnership, small businesses now have more financing alternatives, making it easier to receive the funding they need to operate efficiently now and in the future. Even with the current state of the economy, working capital loans and business credit cards could provide funding for over 39% of small and medium-sized enterprises. Read more
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