Consumers spent $900 billion more online in 2020!

Consumers across the globe spent $900 billion more at online retailers in 2020 compared with the prior two-year trend, according to a report released Tuesday by the Mastercard Economics Institute. Shoppers are heading back to restaurants and returning to stores to buy clothes and shoes in person. Yet they will continue to stock their fridges…

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Update 2-17-2021 SBA Payment Relief Program details

We wanted to let you know that there have been recent updates to the SBA Payment Relief Program that will become effective on 2/19/2021. Unfortunately, the SBA has determined that they will not have sufficient funding to make all the payments outlined in the original bill. Below are the following changes: New SBA 7(a) and…

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Second round of COVID-19 relief.

The second round of COVID-19 relief has been passed and we have been reading what’s available for our buyers.  If you are a buyer in the market looking to take out an SBA 7a loan the first 6 months of payments and interest will be picked up by Uncle Sam.  This begins in February 2021…

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Shoppers spend a record $10.8 billion on Cyber Monday

Holiday shoppers went online Monday and spent $10.8 billion, setting a record for the largest U.S. online shopping day ever, according to Adobe Analytics data. Cyber Monday spending rose 15.1% year over year, according to Adobe, which analyzes website transactions from 80 of the top 100 U.S. online retailers. That came in short of Adobe’s…

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E-commerce sales soar at Walmart by 79%

Walmart reported third-quarter earnings on Tuesday that topped Wall Street’s expectations as customers continued to shop online and sent U.S. e-commerce sales soaring by 79%. The discounter said customers are embracing the new ways of shopping they adopted during the global health crisis. As the holiday shopping season begins, instead of browsing store aisles, more…

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