News Summary

• Growth for restaurants and brick-and-mortar retail businesses is slowing or contracting.
• Healthcare providers, contractors, fitness businesses and professional services firms continue to see their growth expand.
• Financial services firms and FinTech providers are increasingly rethinking their underwriting, liquidity management, and embedded financial products for the next generation of SMB clients.
• The emerging distinction between Main Street’s myriad storefronts matters because different sectors increasingly operate with entirely different cash-flow structures, borrowing needs, payroll dynamics and capital investment cycles.