This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

5 Things To Know About Small Business This Week: May 17

NEW YORK ( TheStreet) - Mobile cash registers, a sobering view of small business, Kabbage financing and more fun website from GoDaddy lead our list of small business happenings this week.

1. Is it the death of the cash register? PayPal announces "Cash for Registers." Starting next month, eBay's (EBAY - Get Report) PayPal will start a new program called "Cash for Registers."

The program will offer free credit, debit card, check and PayPal processing for the remainder of the year to "qualifying" U.S small businesses that essentially "turn in their cash registers" in favor of mobile solutions like PayPal Here, which includes an Apple (AAPL) iPad, card reader, iPad stand, cash drawer, and printer.

2. Small-business optimism improves in April. After the disappointing drop in March, small-business confidence improved in April but at least one trade association isn't convinced of a steady improvement.

According to the National Federation of Independent Business' Index of Small Business Optimism, the monthly index rose 2.6 points to 92.1, just above the recovery average of 90.7.

While four of the 12 components had better numbers for April including - improved plans for hiring, inventory increases, general economic improvement and the expectation of higher real sales -- most of the group's criteria were unchanged from the month before while two components fell.

"The sub-par recovery persists for the small business sector," said NFIB chief economist Bill Dunkelberg. "Economic performance is contradictory -- corporate profits are at record levels and the stock market hits new highs, yet GDP growth for the past six months has averaged about 1.5% and the unemployment rate is 7.5%. Nothing in the NFIB data suggests that the small business half of the economy is expanding other than by an amount driven by population growth and associated new business starts now in excess of terminations."

3. Kabbage expands small-business financing offering by partnering with Intuit. Small-business financing outfit Kabbage, which made its mark by focusing exclusively on funding small e-commerce merchants that sell through Amazon (AMZN), eBay (EBAY - Get Report), Yahoo! (YHOO) and Etsy, among others, is expanding its reach to fund both online and offline small businesses.

The company announced a partnership with Intuit to use QuickBooks data to approve and extend funding, it said Tuesday.

It is a significant expansion for the two-year-old Atlanta start-up which has offered about $85 million in short-term financing through more than 70,000 advances to e-commerce businesses since its launch in August 2011. In 2013, it plans to make over 100,000 advances.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
EBAY $59.05 1.30%
MCD $99.11 -1.14%
YUM $80.50 0.52%
AAPL $126.41 -1.66%
FB $81.21 0.39%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs