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Treasury Reauthorizes The SSBCI Business Aid Program

According to Inc., the Treasury Department has reauthorized the State Small Business Credit Initiative.

Just when you thought all of those small business aid programs were over. The U.S. Department of Treasury this week posted guidance for its newly reauthorized State Small Business Credit Initiative (SSBCI), which is a federal small business aid program that's been around since 2010 but is set to be replenished by the $1.9 trillion federal coronavirus relief stimulus package enacted in March.

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American Express Now Offers Small Business Checking

American Express is now offering a small business checking account, reports Small Business Trends. 

The Business Checking account offers small businesses a secure, high-yield and low fee digital banking experience. It comes with an annual percentage yield (APY) of 1.1% on balances up to $500,000.

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Small Business Selling

The third quarter saw a rise in sales transactions for small businesses, reports Small Business Trends. 

The number of businesses being bought and sold continues to increase with the third quarter seeing a 17% rise in acquisitions from the previous quarter, according to BizBuySell’s latest Insight report.

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