According to Fox Business, the new mandate requiring business switch to chip and pin card readers will cost small businesses. While the actual cost to switch processing systems varies, it averages between a few hundred dollar up to thousands of dollars. Small businesses are most likely to pay more because they typically don’t qualify for any volume discounts and they often lack the technical staff to set the equipment up, so they have to pay someone to do it.   Read more...

Online small business lender Bond Street announces a new round of funding, reports Forbes. The company recently raised $110 million dollars in venture capital funding, of which, they will use $100 million to finance loans for small businesses. Read more...

Small businesses are finding it difficult to find skilled employees, reports the Guardian. According to a new survey by the National Federation of Independent Business, 80 percent of small business who were hiring reported finding little to no qualified applicants for their open positions. Read more...