High Interest Rates Affect Main Street Lending Program Borrowers

<!DOCTYPE html> <html lang="en-US"> <head> <title>High Interest Rates Affect Main Street Lending Program Borrowers</title> <meta charset="UTF-8"> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <meta http-equiv="X-UA-Compatible" content="ie=edge" /> <meta name="google-site-verification" content="ywo6cX-b4noB6WSEkiQRbhTNBsV3oDtuR2vuG7rh8Xs" /> <meta name="msapplication-TileImage" content="https://www.pymnts.com/wp-content/uploads/2022/08/favicon-270.jpg" /> <link rel="shortcut icon" href="https://www.pymnts.com/wp-content/uploads/2022/08/favicon-32x32-1.png" sizes="32x32" /> <link rel="shortcut icon" href="https://www.pymnts.com/wp-content/uploads/2022/08/android-chrome-192x192-1.png" sizes="192x192" /> <link rel="apple-touch-icon-precomposed" href="https://www.pymnts.com/wp-content/uploads/2022/08/favicon-180.jpg" /> <script src="https://www.google.com/recaptcha/api.js?render=6Le36I4kAAAAAMCdrtj4Jb9rq43eln5c4Zt33TLI"></script> <link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="https://www.pymnts.com/feed/" /> <link rel="alternate" type="text/xml" title="RSS .92" href="https://www.pymnts.com/feed/rss/" /> <link rel="alternate" type="application/atom+xml" title="Atom 0.3" href="https://www.pymnts.com/feed/atom/" /> <link rel="pingback" href="https://www.pymnts.com/xmlrpc.php" /> <link rel="dns-prefetch" href="https://www.google.com"> <link rel="dns-prefetch" href="https://stats.g.doubleclick.net"> <link rel="dns-prefetch" href="https://googleads.g.doubleclick.net"> <link rel="dns-prefetch" href="https://fonts.gstatic.com"> <link rel="dns-prefetch" href="https://www.google-analytics.com"> <link rel="preload" as="script" href="/wp-content/themes/flex-mag-sixspoke/2022/js/bootstrap.bundle.min.js" /> <link rel="preload" href="/wp-content/themes/flex-mag-sixspoke/2020/bootstrap-icons.css" as="style" onload="this.onload=null;this.rel='stylesheet'"> </script> <link rel="preload" as="script" href="https://ak.sail-horizon.com/spm/spm.v1.min.js?ver=5.5.10" /> <script src='https://ak.sail-horizon.com/spm/spm.v1.min.js?ver=5.5.10' type='text/javascript' async></script> <script type="text/javascript" src="https://www.pymnts.com/wp-content/themes/flex-mag-sixspoke/2022/js/bootstrap.bundle.min.js"></script> <link rel="stylesheet" href="/wp-content/themes/flex-mag-sixspoke/2022/2022-style.css?92"> <link rel="stylesheet" href="/wp-content/themes/flex-mag-sixspoke/2020/bootstrap-icons.css"> <link rel="preconnect" href="https://fonts.googleapis.com"> <link rel="preconnect" href="https://fonts.gstatic.com" crossorigin> <link href="https://fonts.googleapis.com/css2?family=Roboto:wght@300;400;500;700&display=swap" rel="stylesheet">  <script> if ('serviceWorker' in navigator) { navigator.serviceWorker.getRegistrations().then(function(registrations) { for (let registration of registrations) { registration.unregister() } }).catch(function(err) { console.log('Service Worker registration failed: ', err); }); } </script> </script> <noscript>  <style> .lazyload { display: none; } </style> </noscript> <script> // ST vendor var tag = { "options": { "customerId": "067919d33ae6486b1e5a249a7b40663c" } }; window.addEventListener("load", function() { console.info("ST loaded"); if (tag.isCustom) { jQuery(function($) { Sailthru.init({ customerId: tag.options.customerId, isCustom: true, autoTrackPageview: tag.options.autoTrackPageview, useStoredTags: tag.options.useStoredTags, excludeContent: tag.options.excludeContent, }); }); } else { Sailthru.init({ customerId: tag.options.customerId }); } }); var deferredLoadImages = () => {} /*! lazysizes - v5.3.2 */ ! function(e) { var t = function(u, D, f) { "use strict"; var k, H; if (function() { var e; var t = { lazyClass: "lazyload", loadedClass: "lazyloaded", loadingClass: "lazyloading", preloadClass: "lazypreload", errorClass: "lazyerror", autosizesClass: "lazyautosizes", fastLoadedClass: "ls-is-cached", iframeLoadMode: 0, srcAttr: "data-src", srcsetAttr: "data-srcset", sizesAttr: "data-sizes", minSize: 40, customMedia: {}, init: true, expFactor: 1.5, hFac: .8, loadMode: 2, loadHidden: true, ricTimeout: 0, throttleDelay: 125 }; H = u.lazySizesConfig || u.lazysizesConfig || {}; for (e in t) { if (!(e in H)) { H[e] = t[e] } } }(), !D || !D.getElementsByClassName) { return { init: function() {}, cfg: H, noSupport: true } } var O = D.documentElement, i = u.HTMLPictureElement, P = "addEventListener", $ = "getAttribute", q = u[P].bind(u), I = u.setTimeout, U = u.requestAnimationFrame || I, o = u.requestIdleCallback, j = /^picture$/i, r = ["load", "error", "lazyincluded", "_lazyloaded"], a = {}, G = Array.prototype.forEach, J = function(e, t) { if (!a[t]) { a[t] = new RegExp("(\\s|^)" + t + "(\\s|$)") } return a[t].test(e[$]("class") || "") && a[t] }, K = function(e, t) { if (!J(e, t)) { e.setAttribute("class", (e[$]("class") || "").trim() + " " + t) } }, Q = function(e, t) { var a; if (a = J(e, t)) { e.setAttribute("class", (e[$]("class") || "").replace(a, " ")) } }, V = function(t, a, e) { var i = e ? P : "removeEventListener"; if (e) { V(t, a) } r.forEach(function(e) { t[i](e, a) }) }, X = function(e, t, a, i, r) { var n = D.createEvent("Event"); if (!a) { a = {} } a.instance = k; n.initEvent(t, !i, !r); n.detail = a; e.dispatchEvent(n); return n }, Y = function(e, t) { var a; if (!i && (a = u.picturefill || H.pf)) { if (t && t.src && !e[$]("srcset")) { e.setAttribute("srcset", t.src) } a({ reevaluate: true, elements: [e] }) } else if (t && t.src) { e.src = t.src } }, Z = function(e, t) { return (getComputedStyle(e, null) || {})[t] }, s = function(e, t, a) { a = a || e.offsetWidth; while (a < H.minSize && t && !e._lazysizesWidth) { a = t.offsetWidth; t = t.parentNode } return a }, ee = function() { var a, i; var t = []; var r = []; var n = t; var s = function() { var e = n; n = t.length ? r : t; a = true; i = false; while (e.length) { e.shift()() } a = false }; var e = function(e, t) { if (a && !t) { e.apply(this, arguments) } else { n.push(e); if (!i) { i = true; (D.hidden ? I : U)(s) } } }; e._lsFlush = s; return e }(), te = function(a, e) { return e ? function() { ee(a) } : function() { var e = this; var t = arguments; ee(function() { a.apply(e, t) }) } }, ae = function(e) { var a; var i = 0; var r = H.throttleDelay; var n = H.ricTimeout; var t = function() { a = false; i = f.now(); e() }; var s = o && n > 49 ? function() { o(t, { timeout: n }); if (n !== H.ricTimeout) { n = H.ricTimeout } } : te(function() { I(t) }, true); return function(e) { var t; if (e = e === true) { n = 33 } if (a) { return } a = true; t = r - (f.now() - i); if (t < 0) { t = 0 } if (e || t < 9) { s() } else { I(s, t) } } }, ie = function(e) { var t, a; var i = 99; var r = function() { t = null; e() }; var n = function() { var e = f.now() - a; if (e < i) { I(n, i - e) } else { (o || r)(r) } }; return function() { a = f.now(); if (!t) { t = I(n, i) } } }, e = function() { var v, m, c, h, e; var y, z, g, p, C, b, A; var n = /^img$/i; var d = /^iframe$/i; var E = "onscroll" in u && !/(gle|ing)bot/.test(navigator.userAgent); var _ = 0; var w = 0; var M = 0; var N = -1; var L = function(e) { M--; if (!e || M < 0 || !e.target) { M = 0 } }; var x = function(e) { if (A == null) { A = Z(D.body, "visibility") == "hidden" } return A || !(Z(e.parentNode, "visibility") == "hidden" && Z(e, "visibility") == "hidden") }; var W = function(e, t) { var a; var i = e; var r = x(e); g -= t; b += t; p -= t; C += t; while (r && (i = i.offsetParent) && i != D.body && i != O) { r = (Z(i, "opacity") || 1) > 0; if (r && Z(i, "overflow") != "visible") { a = i.getBoundingClientRect(); r = C > a.left && p < a.right && b > a.top - 1 && g < a.bottom + 1 } } return r }; var t = function() { var e, t, a, i, r, n, s, o, l, u, f, c; var d = k.elements; if ((h = H.loadMode) && M < 8 && (e = d.length)) { t = 0; N++; for (; t < e; t++) { if (!d[t] || d[t]._lazyRace) { continue } if (!E || k.prematureUnveil && k.prematureUnveil(d[t])) { R(d[t]); continue } if (!(o = d[t][$]("data-expand")) || !(n = o * 1)) { n = w } if (!u) { u = !H.expand || H.expand < 1 ? O.clientHeight > 500 && O.clientWidth > 500 ? 500 : 370 : H.expand; k._defEx = u; f = u * H.expFactor; c = H.hFac; A = null; if (w < f && M < 1 && N > 2 && h > 2 && !D.hidden) { w = f; N = 0 } else if (h > 1 && N > 1 && M < 6) { w = u } else { w = _ } } if (l !== n) { y = innerWidth + n * c; z = innerHeight + n; s = n * -1; l = n } a = d[t].getBoundingClientRect(); if ((b = a.bottom) >= s && (g = a.top) <= z && (C = a.right) >= s * c && (p = a.left) <= y && (b || C || p || g) && (H.loadHidden || x(d[t])) && (m && M < 3 && !o && (h < 3 || N < 4) || W(d[t], n))) { R(d[t]); r = true; if (M > 9) { break } } else if (!r && m && !i && M < 4 && N < 4 && h > 2 && (v[0] || H.preloadAfterLoad) && (v[0] || !o && (b || C || p || g || d[t][$](H.sizesAttr) != "auto"))) { i = v[0] || d[t] } } if (i && !r) { R(i) } } }; var a = ae(t); var S = function(e) { var t = e.target; if (t._lazyCache) { delete t._lazyCache; return } L(e); K(t, H.loadedClass); Q(t, H.loadingClass); V(t, B); X(t, "lazyloaded") }; var i = te(S); var B = function(e) { i({ target: e.target }) }; var T = function(e, t) { var a = e.getAttribute("data-load-mode") || H.iframeLoadMode; if (a == 0) { e.contentWindow.location.replace(t) } else if (a == 1) { e.src = t } }; var F = function(e) { var t; var a = e[$](H.srcsetAttr); if (t = H.customMedia[e[$]("data-media") || e[$]("media")]) { e.setAttribute("media", t) } if (a) { e.setAttribute("srcset", a) } }; var s = te(function(t, e, a, i, r) { var n, s, o, l, u, f; if (!(u = X(t, "lazybeforeunveil", e)).defaultPrevented) { if (i) { if (a) { K(t, H.autosizesClass) } else { t.setAttribute("sizes", i) } } s = t[$](H.srcsetAttr); n = t[$](H.srcAttr); if (r) { o = t.parentNode; l = o && j.test(o.nodeName || "") } f = e.firesLoad || "src" in t && (s || n || l); u = { target: t }; K(t, H.loadingClass); if (f) { clearTimeout(c); c = I(L, 2500); V(t, B, true) } if (l) { G.call(o.getElementsByTagName("source"), F) } if (s) { t.setAttribute("srcset", s) } else if (n && !l) { if (d.test(t.nodeName)) { T(t, n) } else { t.src = n } } if (r && (s || l)) { Y(t, { src: n }) } } if (t._lazyRace) { delete t._lazyRace } Q(t, H.lazyClass); ee(function() { var e = t.complete && t.naturalWidth > 1; if (!f || e) { if (e) { K(t, H.fastLoadedClass) } S(u); t._lazyCache = true; I(function() { if ("_lazyCache" in t) { delete t._lazyCache } }, 9) } if (t.loading == "lazy") { M-- } }, true) }); var R = function(e) { if (e._lazyRace) { return } var t; var a = n.test(e.nodeName); var i = a && (e[$](H.sizesAttr) || e[$]("sizes")); var r = i == "auto"; if ((r || !m) && a && (e[$]("src") || e.srcset) && !e.complete && !J(e, H.errorClass) && J(e, H.lazyClass)) { return } t = X(e, "lazyunveilread").detail; if (r) { re.updateElem(e, true, e.offsetWidth) } e._lazyRace = true; M++; s(e, t, r, i, a) }; var r = ie(function() { H.loadMode = 3; a() }); var o = function() { if (H.loadMode == 3) { H.loadMode = 2 } r() }; var l = function() { if (m) { return } if (f.now() - e < 999) { I(l, 999); return } m = true; H.loadMode = 3; a(); q("scroll", o, true) }; return { _: function() { e = f.now(); k.elements = D.getElementsByClassName(H.lazyClass); v = D.getElementsByClassName(H.lazyClass + " " + H.preloadClass); q("scroll", a, true); q("resize", a, true); q("pageshow", function(e) { if (e.persisted) { var t = D.querySelectorAll("." + H.loadingClass); if (t.length && t.forEach) { U(function() { t.forEach(function(e) { if (e.complete) { R(e) } }) }) } } }); if (u.MutationObserver) { new MutationObserver(a).observe(O, { childList: true, subtree: true, attributes: true }) } else { O[P]("DOMNodeInserted", a, true); O[P]("DOMAttrModified", a, true); setInterval(a, 999) } q("hashchange", a, true); ["focus", "mouseover", "click", "load", "transitionend", "animationend"].forEach(function(e) { D[P](e, a, true) }); if (/d$|^c/.test(D.readyState)) { l() } else { q("load", l); D[P]("DOMContentLoaded", a); I(l, 2e4) } if (k.elements.length) { t(); ee._lsFlush() } else { a() } }, checkElems: a, unveil: R, _aLSL: o } }(), re = function() { var a; var n = te(function(e, t, a, i) { var r, n, s; e._lazysizesWidth = i; i += "px"; e.setAttribute("sizes", i); if (j.test(t.nodeName || "")) { r = t.getElementsByTagName("source"); for (n = 0, s = r.length; n < s; n++) { r[n].setAttribute("sizes", i) } } if (!a.detail.dataAttr) { Y(e, a.detail) } }); var i = function(e, t, a) { var i; var r = e.parentNode; if (r) { a = s(e, r, a); i = X(e, "lazybeforesizes", { width: a, dataAttr: !!t }); if (!i.defaultPrevented) { a = i.detail.width; if (a && a !== e._lazysizesWidth) { n(e, r, i, a) } } } }; var e = function() { var e; var t = a.length; if (t) { e = 0; for (; e < t; e++) { i(a[e]) } } }; var t = ie(e); return { _: function() { a = D.getElementsByClassName(H.autosizesClass); q("resize", t) }, checkElems: t, updateElem: i } }(), t = function() { if (!t.i && D.getElementsByClassName) { t.i = true; re._(); e._() } }; return I(function() { H.init && t() }), k = { cfg: H, autoSizer: re, loader: e, init: t, uP: Y, aC: K, rC: Q, hC: J, fire: X, gW: s, rAF: ee } }(e, e.document, Date); e.lazySizes = t, "object" == typeof module && module.exports && (module.exports = t) }("undefined" != typeof window ? window : {}); const setValue = (form, target, value) => { let span, input; span = form.querySelector(target); if (span) { input = span.getElementsByTagName('INPUT'); if (input.length) { input[0].setAttribute('autocomplete', value); input[0].addEventListener('change', () => { //console.log('Setting storage for ', value); localStorage.setItem(value, input[0].value); }) let testValue = localStorage.getItem(value); if (testValue) input[0].value = testValue; } } } const ifInputValueSetLocalStorage = (form, target, value) => { let span, input; span = form.querySelector(target); if (span) { input = span.getElementsByTagName('INPUT'); if (input.length) { if (input[0].value) { //console.log('setting localStorage', value, input[0].value); localStorage.setItem(value, input[0].value); } } } } const setupAutoComplete = () => { // get the form element const inputs = document.getElementsByTagName('INPUT'); //console.log('inputs', inputs); if (inputs.length) { for (let i = 0; i < inputs.length; ++i) { let type = inputs[i].getAttribute('type'); if (type == 'email') { let value = localStorage.getItem('email'); if (value) inputs[i].value = value; } } } const form = document.querySelector('.wpcf7'); console.log(form); if (!form) return; setInterval(() => { ifInputValueSetLocalStorage(form, '.YourFirstName', 'given-name'); ifInputValueSetLocalStorage(form, '.YourLastName', 'family-name'); ifInputValueSetLocalStorage(form, '.YourEmail', 'email'); ifInputValueSetLocalStorage(form, '.YourTitle', 'organization-title'); ifInputValueSetLocalStorage(form, '.YourCompany', 'organization'); ifInputValueSetLocalStorage(form, '.YourCountry', 'country'); }, 10000); setValue(form, '.YourFirstName', 'given-name'); setValue(form, '.YourLastName', 'family-name'); setValue(form, '.YourEmail', 'email'); setValue(form, '.YourTitle', 'organization-title'); setValue(form, '.YourCompany', 'organization'); setValue(form, '.YourCountry', 'country'); } const pageLoaded = () => { deferredLoadImages(); setupAutoComplete(); } document.addEventListener("DOMContentLoaded", pageLoaded); </script> <script src="https://www.googletagmanager.com/gtag/js?id=UA-11167465-1"></script> <script src="https://cdn.jsdelivr.net/npm/axios/dist/axios.min.js"></script> <script src="https://cdnjs.cloudflare.com/ajax/libs/echarts/5.4.1/echarts.min.js"></script> <script> //console.log('rtInfo load socket.io', window.location.pathname); //axios.get(`https://www.pymnts.com/user-settings/?url=${encodeURIComponent(window.location.pathname)}`); </script> <script defer src="https://cdn.socket.io/4.5.4/socket.io.min.js"></script> <script> let deviceIsBlockingAnalytics = null; let googleTracker = typeof ga !== 'undefined' && ga.getAll ? ga.getAll()[0] : null; if (!googleTracker) { let count = 0; let intervalId = setInterval(() => { ++count; googleTracker = typeof ga !== 'undefined' && ga.getAll ? ga.getAll()[0] : null; if (googleTracker || count > 5) { clearInterval(intervalId); console.log('tracker', googleTracker); return; } }, 500); } else { console.error('Google Tag Manager is blocked'); deviceIsBlockingAnalytics = true; } </script> <script> function pymntsUuid() { return ([1e7] + -1e3 + -4e3 + -8e3 + -1e11).replace(/[018]/g, c => (c ^ crypto.getRandomValues(new Uint8Array(1))[0] & 15 >> c / 4).toString(16) ); } let testTemplate = '/var/www/wp-content/themes/flex-mag-sixspoke/single.php'; let template = testTemplate ? testTemplate : 'Template Unknown'; /* * Setup rt.pymnts.com connection */ window.socketIo = null; /* * Set Device Id */ function parseCookieHeader() { const header = document.cookie; // Split the header into individual name-value pairs var pairs = header.split(';'); // Create an object to store the cookies var cookies = {}; // Loop through the name-value pairs and store them in the object for (var i = 0; i < pairs.length; i++) { var nameValue = pairs[i].split('='); cookies[nameValue[0].trim()] = nameValue[1]; } // Return the object return cookies; } const cookies = parseCookieHeader(); let pymntsDeviceId; let storedId = localStorage.getItem('pymntsDeviceId'); if (cookies['pymnts-browser-id']) { pymntsDeviceId = cookies['pymnts-browser-id']; localStorage.setItem('pymntsDeviceId', pymntsDeviceId); } else { if (storedId) pymntsDeviceId = storedId; else pymntsDeviceId = 'unknown'; } console.log('pymntsDeviceId', pymntsDeviceId); if (!storedId || storedId === 'undefined') { localStorage.setItem('pymntsDeviceId', pymntsDeviceId); } /* * Setup UA and GA4 analytics */ window.dataLayer = window.dataLayer || []; function gtag() { dataLayer.push(arguments); } gtag('js', new Date()); const { hostname } = window.location; let gtagCategory = hostname === 'gamma.pymnts.com' ? 'UA-11167465-10' : 'UA-11167465-1'; gtag('config', gtagCategory); console.log('gtag ua category', gtagCategory); gtagCategory = hostname === 'gamma.pymnts.com' ? 'G-NY60TDWHJ9' : 'G-3WHRCQ5780'; gtag('config', gtagCategory); console.log('gtag g4 category', gtagCategory); //gtag('set', {'user_id': pymntsDeviceId}); // Set the user ID using signed-in user_id. setTimeout(() => { gtag("event", "pymnts_device_visit", { path: window.location.pathname, }); }, 1000); let gaIsBlocked = null; let rtIsBlocked = false; let visitedPages = []; let connectionCount = 0; let maxConnectionAttempts = 3; const landingPage = window.location.pathname; const doNotProxyReport = pathname => { console.log('Do not report', pathname); let request = { url: `https://rt.pymnts.com:6300/dnr`, method: 'post', data: { pathname } } axios(request) .then(response => console.log(response.data)) .catch(error => console.error(error)); } async function checkIfGoogleAnalyticsIsBlocked() { let request = { url: 'https://www.google-analytics.com/collect', method: "post", params: { v: 1, tid: 'G-3WHRCQ5780', cid: pymntsDeviceId, t: 'web-view' } } console.log('request', request); let isBlocking; let response; try { response = await axios(request); deviceIsBlockingAnalytics = false; isBlocking = 'false'; console.log("Google Analytics is Allowed!!!!!!!!"); doNotProxyReport(landingPage) } catch (err) { // We are blocked!!! deviceIsBlockingAnalytics = true; isBlocking = 'true'; console.error('Google Analytics is Blocked!!!!!!!'); } } checkIfGoogleAnalyticsIsBlocked(); </script>  <script> (function(h, o, t, j, a, r) { h.hj = h.hj || function() { (h.hj.q = h.hj.q || []).push(arguments) }; h._hjSettings = { hjid: 5081647, hjsv: 6 }; a = o.getElementsByTagName('head')[0]; r = o.createElement('script'); r.async = 1; r.src = t + h._hjSettings.hjid + j + h._hjSettings.hjsv; a.appendChild(r); })(window, document, 'https://static.hotjar.com/c/hotjar-', '.js?sv='); </script> <style> .scrollUp { position: fixed; top: 0; left: 0; z-index: 100000 !important; } /* search bar input container */ .pymnts-search { position: absolute; right: 0; z-index: 1; } .study-toggle { display: none; } /* search bar input container */ .pymnts-search { position: absolute; right: 0; z-index: 1; } /* search bar input */ .pymnts-search input.search-bar { border: none !important; padding-left: 10px; padding-right: 30px; width: 200px; height: 30px; vertical-align: middle; } .pymnts-search input.search-bar:focus { padding-left: 10px; padding-right: 30px; width: 200px; height: 30px; } /* transition effect */ .pymnts-search input.search-bar, .search-icon-btn { padding: 0px; border: none !important; -webkit-transition: all 0.5s; -moz-transition: all 0.5s; -ms-transition: all 0.5s; -o-transition: all 0.5s; transition: all 0.5s; } </style> <meta name='robots' content='index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1' /> <style>img:is([sizes="auto" i], [sizes^="auto," i]) { contain-intrinsic-size: 3000px 1500px }</style>  <title>High Interest Rates Affect Main Street Lending Program Borrowers</title> <meta name="description" content="The Federal Reserve’s pandemic-era Main Street Lending Program had $1.23 billion in interest and principal payments in default as of Oct. 31." /> <link rel="canonical" href="https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/" /> <meta property="og:locale" content="en_US" /> <meta property="og:type" content="article" /> <meta property="og:title" content="Main Street Lending Program Borrowers Challenged by High Interest Rates | PYMNTS.com" /> <meta property="og:description" content="The Federal Reserve’s pandemic-era Main Street Lending Program reportedly had $1.23 billion in interest and principal payments in default as of Oct. 31." /> <meta property="og:url" content="https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/" /> <meta property="og:site_name" content="PYMNTS.com" /> <meta property="article:publisher" content="https://www.facebook.com/pymnts/" /> <meta property="article:author" content="https://www.facebook.com/pymnts" /> <meta property="article:published_time" content="2024-11-22T22:08:43+00:00" /> <meta property="og:image" content="https://www.pymnts.com/wp-content/uploads/2023/07/Main-Street.jpg" /> <meta property="og:image:width" content="1200" /> <meta property="og:image:height" content="720" /> <meta property="og:image:type" content="image/jpeg" /> <meta name="author" content="PYMNTS" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:creator" content="@https://twitter.com/pymnts" /> <meta name="twitter:site" content="@pymnts" /> <script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"Article","@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/#article","isPartOf":{"@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/"},"author":{"name":"PYMNTS","@id":"https://www.pymnts.com/#/schema/person/9f0152ca483ca33a5d8121739eadfe4b"},"headline":"Main Street Lending Program Borrowers Challenged by High Interest Rates","datePublished":"2024-11-22T22:08:43+00:00","dateModified":"2024-11-22T22:08:43+00:00","mainEntityOfPage":{"@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/"},"wordCount":371,"publisher":{"@id":"https://www.pymnts.com/#organization"},"image":{"@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/#primaryimage"},"thumbnailUrl":"https://www.pymnts.com/wp-content/uploads/2023/07/Main-Street.jpg","keywords":["B2B","B2B Payments","commercial payments","debt","federal reserve","Government","Interest Rates","Lending","loans","Main Street Lending Program","News","PYMNTS News","SMBs","What's Hot","What's Hot In B2B"],"articleSection":["Loans"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https://www.pymnts.com/#organization"}},{"@type":"WebPage","@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/","url":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/","name":"High Interest Rates Affect Main Street Lending Program Borrowers","isPartOf":{"@id":"https://www.pymnts.com/#website"},"primaryImageOfPage":{"@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/#primaryimage"},"image":{"@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/#primaryimage"},"thumbnailUrl":"https://www.pymnts.com/wp-content/uploads/2023/07/Main-Street.jpg","datePublished":"2024-11-22T22:08:43+00:00","dateModified":"2024-11-22T22:08:43+00:00","description":"The Federal Reserve’s pandemic-era Main Street Lending Program had $1.23 billion in interest and principal payments in default as of Oct. 31.","breadcrumb":{"@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/#primaryimage","url":"https://www.pymnts.com/wp-content/uploads/2023/07/Main-Street.jpg","contentUrl":"https://www.pymnts.com/wp-content/uploads/2023/07/Main-Street.jpg","width":1200,"height":720,"caption":"Main Street small businesses"},{"@type":"BreadcrumbList","@id":"https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://www.pymnts.com/"},{"@type":"ListItem","position":2,"name":"Main Street Lending Program Borrowers Challenged by High Interest Rates"}]},{"@type":"WebSite","@id":"https://www.pymnts.com/#website","url":"https://www.pymnts.com/","name":"PYMNTS.com","description":"What's next in payments and commerce","publisher":{"@id":"https://www.pymnts.com/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://www.pymnts.com/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https://www.pymnts.com/#organization","name":"PYMNTS.com","url":"https://www.pymnts.com/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https://www.pymnts.com/#/schema/logo/image/","url":"https://www.pymnts.com/wp-content/uploads/2023/05/PYMNTS_2023_logo_black-1.png","contentUrl":"https://www.pymnts.com/wp-content/uploads/2023/05/PYMNTS_2023_logo_black-1.png","width":3329,"height":687,"caption":"PYMNTS.com"},"image":{"@id":"https://www.pymnts.com/#/schema/logo/image/"},"sameAs":["https://www.facebook.com/pymnts/","https://x.com/pymnts"]},{"@type":"Person","@id":"https://www.pymnts.com/#/schema/person/9f0152ca483ca33a5d8121739eadfe4b","name":"PYMNTS","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https://www.pymnts.com/#/schema/person/image/","url":"https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=96&d=blank&r=g","contentUrl":"https://secure.gravatar.com/avatar/f05cc0fdcc9e387e4f3570c17158c503?s=96&d=blank&r=g","caption":"PYMNTS"},"sameAs":["https://www.facebook.com/pymnts","https://www.linkedin.com/company/pymnts-com","https://x.com/https://twitter.com/pymnts"],"url":"https://www.pymnts.com/author/pymnts/"}]}</script>  <link rel='dns-prefetch' href='//js.hs-scripts.com' /> <link rel='dns-prefetch' href='//stats.wp.com' /> <link rel='dns-prefetch' href='//fonts.googleapis.com' /> <link rel="alternate" type="application/rss+xml" title="PYMNTS.com » Feed" href="https://www.pymnts.com/feed/" /> <link rel="alternate" type="application/rss+xml" title="PYMNTS.com » Comments Feed" href="https://www.pymnts.com/comments/feed/" /> <link rel="alternate" type="application/rss+xml" title="PYMNTS.com » Main Street Lending Program Borrowers Challenged by High Interest Rates Comments Feed" href="https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/feed/" /> <script type="text/javascript"> /* <![CDATA[ */ window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/www.pymnts.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=6.7.1"}}; /*! This file is auto-generated */ !function(i,n){var o,s,e;function c(e){try{var t={supportTests:e,timestamp:(new Date).valueOf()};sessionStorage.setItem(o,JSON.stringify(t))}catch(e){}}function p(e,t,n){e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(t,0,0);var t=new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data),r=(e.clearRect(0,0,e.canvas.width,e.canvas.height),e.fillText(n,0,0),new Uint32Array(e.getImageData(0,0,e.canvas.width,e.canvas.height).data));return t.every(function(e,t){return e===r[t]})}function u(e,t,n){switch(t){case"flag":return n(e,"\ud83c\udff3\ufe0f\u200d\u26a7\ufe0f","\ud83c\udff3\ufe0f\u200b\u26a7\ufe0f")?!1:!n(e,"\ud83c\uddfa\ud83c\uddf3","\ud83c\uddfa\u200b\ud83c\uddf3")&&!n(e,"\ud83c\udff4\udb40\udc67\udb40\udc62\udb40\udc65\udb40\udc6e\udb40\udc67\udb40\udc7f","\ud83c\udff4\u200b\udb40\udc67\u200b\udb40\udc62\u200b\udb40\udc65\u200b\udb40\udc6e\u200b\udb40\udc67\u200b\udb40\udc7f");case"emoji":return!n(e,"\ud83d\udc26\u200d\u2b1b","\ud83d\udc26\u200b\u2b1b")}return!1}function f(e,t,n){var r="undefined"!=typeof WorkerGlobalScope&&self instanceof WorkerGlobalScope?new OffscreenCanvas(300,150):i.createElement("canvas"),a=r.getContext("2d",{willReadFrequently:!0}),o=(a.textBaseline="top",a.font="600 32px Arial",{});return e.forEach(function(e){o[e]=t(a,e,n)}),o}function t(e){var t=i.createElement("script");t.src=e,t.defer=!0,i.head.appendChild(t)}"undefined"!=typeof Promise&&(o="wpEmojiSettingsSupports",s=["flag","emoji"],n.supports={everything:!0,everythingExceptFlag:!0},e=new Promise(function(e){i.addEventListener("DOMContentLoaded",e,{once:!0})}),new Promise(function(t){var n=function(){try{var e=JSON.parse(sessionStorage.getItem(o));if("object"==typeof e&&"number"==typeof e.timestamp&&(new Date).valueOf()<e.timestamp+604800&&"object"==typeof e.supportTests)return e.supportTests}catch(e){}return null}();if(!n){if("undefined"!=typeof Worker&&"undefined"!=typeof OffscreenCanvas&&"undefined"!=typeof URL&&URL.createObjectURL&&"undefined"!=typeof Blob)try{var e="postMessage("+f.toString()+"("+[JSON.stringify(s),u.toString(),p.toString()].join(",")+"));",r=new Blob([e],{type:"text/javascript"}),a=new Worker(URL.createObjectURL(r),{name:"wpTestEmojiSupports"});return void(a.onmessage=function(e){c(n=e.data),a.terminate(),t(n)})}catch(e){}c(n=f(s,u,p))}t(n)}).then(function(e){for(var t in e)n.supports[t]=e[t],n.supports.everything=n.supports.everything&&n.supports[t],"flag"!==t&&(n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&n.supports[t]);n.supports.everythingExceptFlag=n.supports.everythingExceptFlag&&!n.supports.flag,n.DOMReady=!1,n.readyCallback=function(){n.DOMReady=!0}}).then(function(){return e}).then(function(){var e;n.supports.everything||(n.readyCallback(),(e=n.source||{}).concatemoji?t(e.concatemoji):e.wpemoji&&e.twemoji&&(t(e.twemoji),t(e.wpemoji)))}))}((window,document),window._wpemojiSettings); /* ]]> */ </script> <script id="pymnt-ready"> window.advanced_ads_ready=function(e,a){a=a||"complete";var d=function(e){return"interactive"===a?"loading"!==e:"complete"===e};d(document.readyState)?e():document.addEventListener("readystatechange",(function(a){d(a.target.readyState)&&e()}),{once:"interactive"===a})},window.advanced_ads_ready_queue=window.advanced_ads_ready_queue||[]; </script> <style id='wp-emoji-styles-inline-css'> img.wp-smiley, img.emoji { display: inline !important; border: none !important; box-shadow: none !important; height: 1em !important; width: 1em !important; margin: 0 0.07em !important; vertical-align: -0.1em !important; background: none !important; padding: 0 !important; } </style> <link rel='stylesheet' id='all-css-4' href='https://www.pymnts.com/_static/??-eJzTLy/QzcxLzilNSS3WzyrWz01NyUxMzUnNTc0rQeEU5CRWphbp5qSmJyZX6uVm5uklFxfr6OPTDpRD5sM02efaGpobGxkZmBkYGQMARIMu1Q==' type='text/css' media='all' /> <style id='jetpack-sharing-buttons-style-inline-css'> .jetpack-sharing-buttons__services-list{display:flex;flex-direction:row;flex-wrap:wrap;gap:0;list-style-type:none;margin:5px;padding:0}.jetpack-sharing-buttons__services-list.has-small-icon-size{font-size:12px}.jetpack-sharing-buttons__services-list.has-normal-icon-size{font-size:16px}.jetpack-sharing-buttons__services-list.has-large-icon-size{font-size:24px}.jetpack-sharing-buttons__services-list.has-huge-icon-size{font-size:36px}@media print{.jetpack-sharing-buttons__services-list{display:none!important}}.editor-styles-wrapper .wp-block-jetpack-sharing-buttons{gap:0;padding-inline-start:0}ul.jetpack-sharing-buttons__services-list.has-background{padding:1.25em 2.375em} </style> <link rel='stylesheet' id='all-css-6' href='https://www.pymnts.com/wp-content/plugins/contact-form-7/includes/css/styles.css?m=1708458468g' type='text/css' media='all' /> <link rel='stylesheet' id='studio-fonts-css' href='//fonts.googleapis.com/css?family=Oswald%3ALato%3A400%2C700%7CWork+Sans%3A900%7CMontserrat%3A400%2C700%7COpen+Sans%3A800%7CPlayfair+Display%3A400%2C700%2C900%7CQuicksand%7CRaleway%3A200%2C400%2C700%7CRoboto+Slab%3A400%2C700%26subset%3Dlatin%2Clatin-ext&ver=1.0.0' media='all' /> <script type="text/javascript" id="advanced-ads-advanced-js-js-extra"> /* <![CDATA[ */ var advads_options = {"blog_id":"1","privacy":{"enabled":false,"state":"not_needed"}}; /* ]]> */ </script> <script type="text/javascript" src="https://www.pymnts.com/_static/??-eJyVjuEKwjAMhF/ImrmB/hKfJbaxy9ZmdWl1vr1VFPwhghAIXO67C1yTYbGhOFIY6pwLzbfXWkeW9aAr+GUykf2MmT7NdpJMkiGF4lkU0F1QLDmDTiGVY2ALqEr5Gfe+fkvIPcVaegq0mIjeKC+appEenJsi1rd6suM/mCKH3M/FSKi6l5IqfYj7za5r22bbtN1wBxwGZxE=" ></script><link rel="https://api.w.org/" href="https://www.pymnts.com/wp-json/" /><link rel="alternate" title="JSON" type="application/json" href="https://www.pymnts.com/wp-json/wp/v2/posts/2297302" /><link rel="EditURI" type="application/rsd+xml" title="RSD" href="https://www.pymnts.com/xmlrpc.php?rsd" /> <meta name="generator" content="WordPress 6.7.1" /> <link rel='shortlink' href='https://www.pymnts.com/?p=2297302' /> <link rel="alternate" title="oEmbed (JSON)" type="application/json+oembed" href="https://www.pymnts.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fwww.pymnts.com%2Floans%2F2024%2Fmain-street-lending-program-borrowers-challenged-high-interest-rates%2F" /> <link rel="alternate" title="oEmbed (XML)" type="text/xml+oembed" href="https://www.pymnts.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fwww.pymnts.com%2Floans%2F2024%2Fmain-street-lending-program-borrowers-challenged-high-interest-rates%2F&format=xml" /> <link rel="alternate" type="application/feed+json" title="PYMNTS.com » JSON Feed" href="https://www.pymnts.com/feed/json/" /> <link rel="alternate" type="application/feed+json" title="PYMNTS.com » Main Street Lending Program Borrowers Challenged by High Interest Rates Comments Feed" href="https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/feed/json/" />  <script class="hsq-set-content-id" data-content-id="blog-post"> var _hsq = _hsq || []; _hsq.push(["setContentType", "blog-post"]); </script>  <style>img#wpstats{display:none}</style> <script type="text/javascript"> var advadsCfpQueue = []; var advadsCfpAd = function( adID ){ if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } }; </script> <script> var userObject; </script>  <script> var _comscore = _comscore || []; _comscore.push({ c1: "2", c2: "39641934", options: { enableFirstPartyCookie: "true" } }); (function() { var s = document.createElement("script"), el = document.getElementsByTagName("script")[0]; s.async = true; s.src = "https://sb.scorecardresearch.com/cs/39641934/beacon.js"; el.parentNode.insertBefore(s, el); })(); </script> <noscript> <img src="https://sb.scorecardresearch.com/p?c1=2&c2=39641934&cv=3.9.1&cj=1"> </noscript>  <style type="text/css"> .post-cont-out, .post-cont-in { margin-right: 0; } .nav-links { display: none; } .nav-left-wrap { width: 60px; } .nav-logo-out { margin-left: -60px; } .nav-logo-in { margin-left: 60px; } .nav-logo-show { padding-right: 20px; width: 200px; height: 50px; } .nav-logo-show img { width: auto; padding-top: 5px; } .nav-left-width { width: 280px !important; } .nav-logo-out-fade { margin-left: -280px; } .nav-logo-in-fade { margin-left: 280px; } .share-count, .feat-info-views { display: none; }</style> <style type="text/css" id="custom-background-css"> body.custom-background { background-color: #f9f9f9; } </style> <link rel="icon" href="https://www.pymnts.com/wp-content/uploads/2022/11/cropped-PYMNTS-Icon-512x512-1.png?w=32" sizes="32x32" /> <link rel="icon" href="https://www.pymnts.com/wp-content/uploads/2022/11/cropped-PYMNTS-Icon-512x512-1.png?w=192" sizes="192x192" /> <link rel="apple-touch-icon" href="https://www.pymnts.com/wp-content/uploads/2022/11/cropped-PYMNTS-Icon-512x512-1.png?w=180" /> <meta name="msapplication-TileImage" content="https://www.pymnts.com/wp-content/uploads/2022/11/cropped-PYMNTS-Icon-512x512-1.png?w=270" /> <style> html { margin-top: 0px !important; } </style>  <script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s);j.async=true;j.src="https://load.gtm.pymnts.com/4gb8jtcwxmzux.js?"+i;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','dzrxseq=aWQ9R1RNLVdWRldDRDk1JmFzPXk%3D&page=1');</script>  </head> <body> <style> .pymnt_ads { width: 100%; display: flex; justify-content: center; } .pymnt_ads img { width: 100%; height: auto; } .adContainer { max-height: 300px; margin: auto; } .adContainer img { max-height: 300px; } </style> <div id="PYMNT_ad" class="bg-dark pymnt_ads"> <div class="adContainer" data-ad-group="156701"> <div data-pymnt-trackid="2020540" data-pymnt-trackbid="1" class="pymnt-target" id="pymnt-555755224"><a data-no-instant="1" href="https://www.pymnts.com/monitor-edge/" rel="noopener" class="adv-link" target="_blank" aria-label="PYMNTS-MonitorEdge-May-2024"><img src="https://www.pymnts.com/wp-content/uploads/2024/08/PYMNTS-MonitorEdge-May-2024.gif" alt="PYMNTS-MonitorEdge-May-2024" width="1728" height="345" /></a></div> </div> </div> <div class="container-scroller" id="headerContainerScroller"> <div class="main-header w-100"> <header class="mb-5 main-nav "> <div class="container-fluid p-0" id="header-2022-bs-container"> <div class="row g-0 border-mobile bg-black"> <div class="col-10 col-lg-9 d-flex justify-content-start align-items-center ps-3 ps-lg-5 py-0 bg-black py-1"> <div class="logo"> <a href="/"> <img width="100%" height="50" src="/wp-content/uploads/2023/04/PYMNTS_2023_logo_white.svg?v=1.1" class="card-img-top" alt="PYMNTS Logo"> </a> </div> </div> <div class="col-2 col-lg-3 justify-content-end align-items-center d-flex py-0 pe-3 pe-lg-5 bg-black"> <div class="row row-cols-auto"> <div class="col ms-auto d-flex justify-content-end align-items-center navbar-dark utility text-white"> <div class="search-container hide-mobile" style="bottom:15px;"> <div class="pymnts-search"> <form method="get" id="searchform" action="/"> <div style="display: flex;"> <input name="s" id="s" placeholder="SEARCH" type="search" class="search-bar border-0 px-1 mx-n2"> <button type="submit" class="search-icon-btn border-0 mx-0 px-0"> <i class="bi bi-search"></i> </button> </div> </form> </div> </div> <div class="hide-mobile ms-2"> <a href="/streaming/" class="text-uppercase fw-bolder" style="color:#00A469">WATCH NOW</a> | <a href="/subscribe/" class="text-white">SUBSCRIBE</a> </div> <button class="navbar-toggler hide-desktop" type="button" data-bs-toggle="collapse" data-bs-target="#main_nav"> <span class="navbar-toggler-icon"></span> </button> </div> </div> </div> <div class="col-12 col-lg-12 align-items-center border-top border-bottom border-dark px-0 mobile-display bg-white"> <nav class="navbar navbar-expand-lg navbar-light p-0"> <div class="container-fluid"> <div class="collapse navbar-collapse" id="main_nav"> <ul class="navbar-nav flex-fill navbar-nav-scroll"> <li class="nav-item hide-desktop"> <form class="d-flex mx-auto" method="get" role="search" id="searchform" action="/" style="max-width:250px;"> <input name="s" id="s" class="form-control me-0 fw-normal smaller text-light" type="search" placeholder="Search PYMNTS..." aria-label="Search"> <button class="btn btn-outline-success text-uppercase small fw-bold border-start-0" type="submit">Search</button> </form> </li> <li class="nav-item border-end border-dark align-items-start noborder-mobile ms-lg-5 mt-3 mt-lg-0"> <a href="https://tv.pymnts.com/" class="nav-link"><i class="bi bi-tv-fill"></i> PYMNTS TV</a> </li> <li class="nav-item"><a class="nav-link" href="/today-on-pymnts/"> Today </a></li> <li class="nav-item"><a class="nav-link" href="/topic/b2b/"> B2B </a></li> <li class="nav-item"><a class="nav-link" href="/topic/retail/"> Retail </a> </li> <li class="nav-item"><a class="nav-link" href="/topic/fintech/"> Fintech </a></li> <li class="nav-item"><a class="nav-link" href="/topic/connected-economy/"> Digital Transformation </a> </li> <li class="nav-item"><a class="nav-link" href="/topic/crypto/"> Crypto </a> </li> <li class="nav-item"><a class="nav-link" href="/topic/ai"> AI </a></li>    <li class="nav-item dropdown noborder-mobile d-none d-lg-block"> <a class="nav-link dropdown-toggle fw-bold" href="https://www.pymnts.com/pymnts-intelligence/" role="button" id="intelligence-link" data-bs-toggle="dropdown" aria-expanded="false"> PYMNTS<sup>®</sup> Intelligence </a> <ul class="dropdown-menu w-100 rounded-0" style="border-color:#ccc;"> <li class="mt-3"><a class="dropdown-item mb-2" style="font-size: 0.85rem;" href="/tracker">Trackers</a> </li> <li><a class="dropdown-item" href="/study" style="font-size: 0.85rem;">Proprietary Data Studies</a> </li> <li><a class="dropdown-item" href="/study/?filter-type=category&filter-items=pymnts-data-lab" style="font-size: 0.85rem;">PYMNTS Data Lab</a> </li> <li><a class="dropdown-item" href="/monitor-edge/" style="font-size: 0.85rem;">MonitorEdge Series</a> </li> </ul> </li> <div class="nav-item d-block d-lg-none my-4"> <li class="nav-item"> <a class="nav-link fw-bold" href="https://www.pymnts.com/pymnts-intelligence/" role="button"> PYMNTS<sup>®</sup> Intelligence </a></li> <li class="nav-item"><a class="nav-link" href="/tracker">Trackers</a> </li> <li class="nav-item"><a class="nav-link" href="/study">Proprietary Data Studies</a> </li> <li class="nav-item"><a class="nav-link" href="/study/?filter-type=category&filter-items=pymnts-data-lab">PYMNTS Data Lab</a> </li> <li class="nav-item"><a class="nav-link" href="/monitor-edge/">MonitorEdge Series</a> </li> </div> <li class="nav-item"><a class="nav-link" href="/topic/markets/"> Markets </a></li> <li class="nav-item"><a class="nav-link" href="/events/"> Events </a></li>  <li class="border-start border-dark nav-item dropdown has-megamenu noborder-mobile align-items-end me-lg-5"> <a href="#" class="nav-link dropdown-toggle no-border hide-mobile" data-bs-toggle="dropdown">More <i class="bi bi-three-dots-vertical"></i></a> <div class="dropdown-menu megamenu shadow border" role="menu"> <div class="row"> <div class="col px-0"> <div class="pb-2 pb-lg-0 g-0 d-flex flex-column flex-lg-row justify-content-lg-evenly"> <div class="mb-0 mb-lg-3 text-center text-md-start mx-auto mx-lg-0 ps-0"> <h6 class="fw-bold text-uppercase mb-2 mb-lg-3 small"> <a href="/topic">Topics</a> </h6> <div class="row row-cols-1 row-cols-md-3 g-md-5"> <div class="col"> <ul class="m-0 p-0"> <li><a href="/topic/ai/" class="text-nowrap">Artifical Intelligence</a></li> <li><a href="/topic/automotive/" class="text-nowrap">Connected Car</a> </li> <li><a href="/topic/buy-now-pay-later/" class="text-nowrap">Buy Now Pay Later</a></li> <li><a href="/topic/banking/" class="text-nowrap">Banking</a> </li> <li><a href="/topic/cloud/" class="text-nowrap">Cloud</a> </li> <li><a href="/topic/cross-border/" class="text-nowrap">Cross-Border Payments</a></li> </ul> </div> <div class="col"> <ul class="m-0 p-0"> <li><a href="/topic/gig-economy/" class="text-nowrap">Gig-Economy</a> </li> <li><a href="/topic/grocery-and-pharmacy/" class="text-nowrap">Grocery & Pharmacy</a></li> <li><a href="/topic/healthcare-payments/" class="text-nowrap">Healthcare Payments</a></li> <li><a href="/topic/insurtech/" class="text-nowrap">Insurtech</a> </li> <li><a href="/topic/smbs/" class="text-nowrap">Small & Medium Businesses</a> </li> <li><a href="/topic/social-platforms/" class="text-nowrap">Social Platforms</a></li> </ul> </div> <div class="col pe-0"> <ul class="m-0 p-0 mb-3"> <li><a href="/topic/subscription-commerce/" class="text-nowrap">Subscription Commerce</a></li> <li><a href="/topic/travel-payments/" class="text-nowrap">Travel</a> </li> <li><a href="/topic/techreg/" class="text-nowrap">TechREG<sup>®</sup></a> </li> <li><a href="/topic/real-time-payments/" class="text-nowrap">Real-Time Payments</a></li> <li><a href="/topic/restaurants/" class="text-nowrap">Restaurants</a> </li> <li class="nav-item"><a class="text-nowrap" href="/emea/"> EMEA </a></li> </ul> </div> </div> </div> <div class="vr hide-mobile"></div> <div class="ps-0 mx-auto mx-lg-0"> <h6 class="fw-bold text-uppercase mb-3 small hide-mobile"> Featured </h6> <div class="row"> <div class="col mt-2 mt-lg-0"> <div class="row"> <div class="col"> <ul class="m-0 p-0 d-flex flex-row flex-wrap flex-lg-nowrap flex-lg-column justify-content-center justify-content-lg-start"> <li class="me-4 me-lg-0 hide-desktop fw-bold small"> SEE ALSO:</li> <li class="me-4 me-lg-0"><a href="/tag/editors-picks/" class="text-nowrap small">Editor’s Picks</a></li> <li class="me-4 me-lg-0"><a href="/author/karen-webster/" class="text-nowrap small">Opinion</a> </li> <li class="me-4 me-lg-0"><a href="/connected-economy-index/" class="text-nowrap small">CE100 Index</a></li> <li class="me-4 me-lg-0"><a href="/topic/working-capital-liquidity" class="small text-nowrap">Working Capital & Liquidity</a></li> <li class="me-4 me-lg-0"> <a href="/cpi/" class="small text-nowrap text-primary">Competition Policy International</a><br> <span class="text-secondary smaller"><i>A PYMNTS Company</i></span> </li> </ul> </div> </div> </div> </div> </div> <div class="vr py-2 hide-mobile"></div> <div class="mb-3 text-center text-lg-start hide-mobile"> <h6 class="fw-bold text-uppercase mb-3 small"> Stay Current </h6> <div class="row"> <div class="col"> <ul class="m-0 p-0"> <li class="text-nowrap"><i class="bi bi-calendar"></i> <a href="/events/" class="text-nowrap small">Events</a> </li> <li class="text-nowrap"><i class="bi bi-envelope-plus"></i> <a href="/subscribe/" class="text-nowrap small">Subscribe</a> </li> <li class="text-nowrap"><i class="bi bi-people-fill"></i> <a href="/partnerships/" class="text-nowrap small">Become a Partner</a></li> </ul> </div> </div> </div> </div> </div> </div> </div> </div> </div> </li> </ul> </div> </div> </nav> </div> </div> <script> /* * Handle Pymnts Charts */ function getChartType(option) { const series = option.series; const isArray = Array.isArray(series); if (isArray) { console.log("series is array"); if (series[0].type) return series[0].type; } else { console.log("series is not array"); } console.log("SERIES", series); alert("UNKNOWN CHART"); } function adjustTitleLength(title) { let titleStr = title.replaceAll('<br>', ''); const max = 35; const titleWords = titleStr.split(' '); const titleArr = []; let curLine = titleWords[0] let count = curLine.length; for (let i = 1; i < titleWords.length; ++i) { count += titleWords[i].length; if (count > max) { titleArr.push(curLine); curLine = titleWords[i]; count = curLine.length; } else curLine += ' ' + titleWords[i]; } if (curLine.length) titleArr.push(curLine); return titleArr.join("\n"); } function adjustTitles(option) { if (option.title && option.title.text) option.title.text = adjustTitleLength(option.title.text); if (option.title && option.title.subtext) option.title.subtext = adjustTitleLength(option.title.subtext); } function adjustMobilePie(chartDom, option) { delete option.legend.top; option.legend.bottom = 0; const currentHeight = chartDom.clientHeight; chartDom.style.height = currentHeight + 60 + "px"; option.grid = {}; option.grid = { top: -30 } } function adjustMobileLine(chartDom, option) { const currentHeight = chartDom.clientHeight; chartDom.style.height = currentHeight + 35 + "px"; option.grid.height = 350; } function adjustMobileBar(chartDom, option) { // If vertical bar chart if (option.xAxis.type === 'value') { option.yAxis.show = false; } } function adjustToMobile(chartDom, option) { console.log("ADJUST TO MOBILE"); const chartType = getChartType(option); console.log('Chart Type', chartType); chartDom.style.margin = "" adjustTitles(option); const numTitleLines = option.title.text ? option.title.text.split("\n").length : 0; const numSubtitleLines = option.title.subtext ? option.title.subtext.split("\n").length : 0; const increase = (numTitleLines * 16) + (numSubtitleLines * 14); const curHeight = chartDom.clientHeight; chartDom.style.height = curHeight + increase + "px"; option.grid = {}; option.grid.top = increase + 50; option.tooltip.position = function(point, params, dom, rect, size) { console.log(dom.clientWidth, size.viewSize[0]) return [(size.viewSize[0] - dom.clientWidth) / 2, point[1]]; }; switch (chartType) { case 'bar': return adjustMobileBar(chartDom, option); case 'line': return adjustMobileLine(chartDom, option); case 'pie': return adjustMobilePie(chartDom, option); default: console.error('No Mobile adjustment for Chart Type: ', chartType); } } function mcwParser(str, token) { console.log('str', typeof str, str) const par = JSON.parse(str, (key, value) => { if (typeof value === 'string' && value.startsWith(token)) { const func = value.substring(8); return eval(func); } return value; }) return par; } async function loadPymntsCharts() { console.log('loadPymntsCharts'); const charts = document.querySelectorAll('.pymntsChart'); console.log('loadPymntsCharts charts', charts); for (let i = 0; i < charts.length; ++i) { let request = { url: `https://charts.pymnts.com:6300/id/${charts[i].getAttribute('id')}`, method: 'get' }; console.log('request', request); let response; try { response = await axios(request); var chartDom = charts[i]; console.log('loadPymntsCharts response', response.data); if (typeof response.data === 'undefined' || !response.data.length) return; console.log('loadPymntsCharts ready to rock and roll'); var option = mcwParser(response.data[0].option, 'funcxyz_'); console.log('loadPymntsCharts option', option); option.title.textStyle.fontSize = 14; option.title.textStyle.fontWeight = 'bold'; option.title.subtextStyle.fontSize = 12; chartDom.style.height = option.info.containerHeight ? option.info.containerHeight + 'px' : '500px'; chartDom.style.width = '90%'; chartDom.style.maxWidth = '1200px'; chartDom.style.margin = '1rem auto'; if (window.innerWidth <= 768) adjustToMobile(chartDom, option); var myChart = echarts.init(chartDom); myChart.setOption(option); if (option.info && option.info.source) { const parent = charts[i].parentNode; console.log('parentNode', parent); const node = document.createElement("div"); const below = option.info.below ? option.info.below : ''; node.innerHTML = below + "<br />Source: " + option.info.source; node.style.width = '90%'; node.style.maxWidth = '1200px'; node.style.margin = '1rem auto'; parent.appendChild(node); } } catch (e) { console.error('loadPymntsCharts error', e); } } } window.addEventListener('DOMContentLoaded', loadPymntsCharts); let lastYScroll = -1000000000 const handleHeaderScrolling = () => { const container = document.querySelector('header'); let position = container.style.position; lastYScroll = window.scrollY; } window.addEventListener('scroll', handleHeaderScrolling); </script> <script> const intelligenceLink = document.getElementById("intelligence-link"); const handleIntelligenceClick = () => { window.open("https://www.pymnts.com/pymnts-intelligence/", '_self') } intelligenceLink.addEventListener("click", handleIntelligenceClick) </script> </header> </div> </div> <style> h1, h2, h3, h4, h5 { text-transform:none!important; font-weight:700!important; } .modal-header .btn-x, .modal-header .btn-x:focus, .modal-header .btn-x:hover { box-sizing: content-box; width: 1em; height: 1em; padding: 0.25em 0.25em; color: #000; background: transparent url("data:image/svg+xml,%3csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 16 16' fill='%23000'%3e%3cpath d='M.293.293a1 1 0 0 1 1.414 0L8 6.586 14.293.293a1 1 0 1 1 1.414 1.414L9.414 8l6.293 6.293a1 1 0 0 1-1.414 1.414L8 9.414l-6.293 6.293a1 1 0 0 1-1.414-1.414L6.586 8 .293 1.707a1 1 0 0 1 0-1.414z'/%3e%3c/svg%3e") center/1em auto no-repeat; border: 0; border-radius: 0.375rem; opacity: 0.5; background-color:#fff; } .wpcf7 form{ --bs-bg-opacity: 1; /* color: white; */ background-color: #EFEFEF !important; border-radius: var(--bs-border-radius) !important; padding: 3rem !important; box-shadow: 0 .2rem 1rem rgba(0, 0, 0, .1) !important; } .wpcf7 form a{ /* color: white; */ } .wpcf7 form em{ font-size: 12px } .wpcf7 form input[type=text], .wpcf7 form input[type=email], .wpcf7 form input[type=tel], .wpcf7 form select { width: 100%; border-radius: 0.375rem; height: 40px; border: none; font-size: 14px; } .wpcf7 form input[type=submit] { width: 100%; border-radius: 0.375rem; height: 40px; border: none; margin-top: 1rem; font-size: 1rem !important; border: 1px solid gray; } .wpcf7-response-output{ border: none !important; margin: 2em 0 1em !important; padding: 0 !important; } </style> <script>const postType = 'default'; </script> <div class="container my-5 article-post" id="singleContainer"> <div class="row " id="articlePost"> <div class="col-12 col-lg-8 ms-auto mb-4" id="insertArticle"> <h1 class="mb-4 text-center text-dark fw-bold display-6"> Main Street Lending Program Borrowers Challenged by High Interest Rates </h1> <div class="post-info-right left relative article-author-box mb-2"> <div class="post-info-name"> <div class="row"> <div class="col-6 my-auto"> <span class="post-info-text small muted text-uppercase">By</span> <span class="author-name vcard fn small muted text-uppercase fw-bold" itemprop="author"> <a href="https://www.pymnts.com/author/pymnts/" title="Posts by PYMNTS" rel="author">PYMNTS</a> </span> <span class="small muted d-none d-md-inline"> | </span> <span class="small muted text-uppercase d-block d-md-inline">November 22, 2024</span> </div> <div class="col-6 text-end my-auto">  <a href="https://www.facebook.com/sharer.php?u=https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/&t=Main+Street+Lending+Program+Borrowers+Challenged+by+High+Interest+Rates" title="Share on Facebook"><i class="bi bi-facebook me-1 text-dark"></i></a><a href="https://twitter.com/share?text=Main+Street+Lending+Program+Borrowers+Challenged+by+High+Interest+Rates -&url=https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/" title="Tweet This Post"><i class="bi bi-twitter-x mx-1 mx-1 text-dark"></i></a><a href="https://www.linkedin.com/shareArticle?mini=true&url=https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/&title=Main+Street+Lending+Program+Borrowers+Challenged+by+High+Interest+Rates&summary=&source=" title="Share on LinkedIn"><i class="bi bi-linkedin mx-1 mx-1 text-dark"></i></a><a href="mailto:?subject=Main Street Lending Program Borrowers Challenged by High Interest Rates&BODY=I found this article interesting and want to share it with you. Check it out: https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/"><i class="bi bi-envelope-fill ms-1 me-0 ms-1 me-md-1 text-dark"></i></a> <span class="d-none d-md-inline"> | </span> <span class="d-block d-md-inline"> <button class="d-none d-lg-inline-block noHover audioPlay border-0 px-0 article-play-button fw-normal py-1 my-0" type="button" value="Play"> <i class="bi bi-play-circle-fill mx-1 text-dark"></i></button> <button class="d-lg-none noHover audioPlay border-0 px-0 article-play-button fw-normal py-1 my-0" type="button" value="Play"><span class="listenToArticle small text-uppercase"></span><i class="bi bi-play-circle-fill text-dark mx-1"></i></button> <button class="noHover audioPause border-0 px-0 article-pause-button py-1 my-0"><i class="bi bi-pause-circle-fill text-dark mx-0"></i></button> </span> </div></div> </div> </div> <div id="post-feat-img" class="left relative mb-3"> <img class="py-desktop w-100 h-auto pymnts-featured-sm-image " width="1000" height="600" alt="Main Street small businesses" src="https://www.pymnts.com/wp-content/uploads/2023/07/Main-Street.jpg?w=768" /> </div> <div class="post-feat-text"> </div>  <div id="pymnts-content2297302" class="single lh-article mt-1 lnk-article"> <p><span data-preserver-spaces="true">The </span><a class="editor-rtfLink" href="https://www.federalreserve.gov/" target="_blank" rel="noopener"><span data-preserver-spaces="true">Federal Reserve</span></a><span data-preserver-spaces="true">’s pandemic-era </span><a class="editor-rtfLink" href="https://www.federalreserve.gov/monetarypolicy/mainstreetlending.htm" target="_blank" rel="noopener"><span data-preserver-spaces="true">Main Street Lending Program</span></a><span data-preserver-spaces="true"> reportedly had $1.23 billion in interest and principal payments in default as of Oct. 31.</span></p> <p><span data-preserver-spaces="true">The program delivered $17.5 billion in loans, with much of it </span><span data-preserver-spaces="true">having been</span><span data-preserver-spaces="true"> repaid, but some borrowers are struggling with high interest rates, balloon payments and post-pandemic changes in their customers’ behavior, Bloomberg </span><a class="editor-rtfLink" href="https://www.bloomberg.com/news/features/2024-11-22/covid-19-economic-relief-program-now-burdens-businesses-amid-high-rates?sref=zNmRQ0gk" target="_blank" rel="noopener"><span data-preserver-spaces="true">reported</span></a><span data-preserver-spaces="true"> Friday (Nov. 22).</span></p> <p><span data-preserver-spaces="true">Created for mid-sized businesses that were too big to participate in the Paycheck Protection Program and too small to turn to capital markets, the Main Street Lending Program made 1,830 loans of $100,000 to $300 million, according to the report.</span></p> <p><span data-preserver-spaces="true">The rates on the loans are adjusted, which proved to be a burden on borrowers as interest rates leaped after the pandemic, the report said.</span></p> <p><span data-preserver-spaces="true">In addition, the loans had a repayment schedule that included no payments for the first year, leaving borrowers with payments that rose as interest rates rose, per the report.</span></p> <p><span data-preserver-spaces="true">Some borrowers have also been challenged by changes in how people live, work and shop after the pandemic, the report said. For example, businesses that expected to serve customers around office spaces have been impacted by the shift to remote work.</span></p> <p><span data-preserver-spaces="true">At the same time, some defaults were to be expected because the Main Street Lending Program was meant to help businesses that were too risky for traditional loans, per the report.</span></p> <p><span data-preserver-spaces="true">A Fed spokesperson said in the report the program aimed to provide “much-needed loans to small- and medium-sized businesses and nonprofits that were in sound financial condition before the pandemic, but that were hurt by the sudden reduction in economic activity through no fault of their own. The program, along with other efforts, helped keep workers employed and businesses afloat during a very difficult and uncertain time.”</span></p> <p><span data-preserver-spaces="true">The Main Street Lending Program differed from the Paycheck Protection Program in that it was geared toward </span><a class="editor-rtfLink" href="https://www.pymnts.com/news/b2b-payments/2020/federal-reserve-main-street-lending-program/" target="_blank" rel="noopener"><span data-preserver-spaces="true">mid-sized businesses</span></a><span data-preserver-spaces="true">, charged higher interest and its debts were non-forgivable.</span></p> <p><span data-preserver-spaces="true">It was reported in September 2020 that the Main Street Lending Program had relatively few takers. At that point, the program had extended $1.2 billion out of a total </span><a class="editor-rtfLink" href="https://www.pymnts.com/loans/2020/main-street-smbs-lending-cash-flow-crunch/" target="_blank" rel="noopener"><span data-preserver-spaces="true">lending capacity</span></a><span data-preserver-spaces="true"> of $600 billion across three facilities.</span></p> <p><em>For all PYMNTS B2B coverage, subscribe to the daily </em><a href="https://pymnts.com/subscribe/" target="_blank" rel="noopener"><em>B2B Newsletter</em></a><em>.</em></p> <div class="pymnt-938532da859a1d9d95bc477276ba66af pymnt-bottom-of-article" id="pymnt-938532da859a1d9d95bc477276ba66af"></div> <div id="bottom-ad"> <div data-pymnt-trackid="2020540" data-pymnt-trackbid="1" class="pymnt-target" id="pymnt-1318469409"><a data-no-instant="1" href="https://www.pymnts.com/monitor-edge/" rel="noopener" class="adv-link" target="_blank" aria-label="PYMNTS-MonitorEdge-May-2024"><img src="https://www.pymnts.com/wp-content/uploads/2024/08/PYMNTS-MonitorEdge-May-2024.gif" alt="PYMNTS-MonitorEdge-May-2024" width="1728" height="345" /></a></div> </div> <div class="row row-cols-1 row-cols-lg-1 recommended-articles" style="clear:both;"> <div class="col mb-1"> <h4 class="header-border text-uppercase small mb-0"> <span class="border-layer border-secondary"> Recommended </span> </h4> <div class="row item noBorderLast remove-col-3"> <div class="col-12 col-md-3 border-bottom border-light py-2 fw-bolder recommended-1"> <a href="https://www.pymnts.com/loans/2024/main-street-lending-program-borrowers-challenged-high-interest-rates/" class="small recommended-link" rel="bookmark" title="Main Street Lending Program Borrowers Challenged by High Interest Rates">Main Street Lending Program Borrowers Challenged by High Interest Rates</a> </div> <div class="col-12 col-md-3 border-bottom border-light py-2 fw-bolder recommended-2"> <a href="https://www.pymnts.com/fraud-prevention/2024/fraudsters-shift-tactics-to-customers-challenging-financial-institutions-to-innovate/" class="small recommended-link" rel="bookmark" title="Fraudsters Shift Tactics to Customers, Challenging Financial Institutions to Innovate">Fraudsters Shift Tactics to Customers, Challenging Financial Institutions to Innovate</a> </div> <div class="col-12 col-md-3 border-bottom border-light py-2 fw-bolder recommended-3"> <a href="https://www.pymnts.com/earnings/2024/ross-stores-treasure-hunt-environment-drives-off-price-store-sales/" class="small recommended-link" rel="bookmark" title="Ross Stores: ‘Treasure Hunt Environment’ Drives Off-Price Store Sales">Ross Stores: ‘Treasure Hunt Environment’ Drives Off-Price Store Sales</a> </div> <div class="col-12 col-md-3 border-bottom border-light py-2 fw-bolder recommended-4"> <a href="https://www.pymnts.com/economy/2024/leading-indicators-bumpy-holiday-season-for-consumers-and-maybe-b2b-too/" class="small recommended-link" rel="bookmark" title="Leading Indicators: Bumpy Holiday Season for Consumers, and Maybe B2B Too?">Leading Indicators: Bumpy Holiday Season for Consumers, and Maybe B2B Too?</a> </div> </div> </div> <div class="col"> <div class="post-tags"> <span class="smaller fw-bold text-uppercase">See More In: </span><span class="smaller muted text-uppercase" itemprop="keywords"><a href="https://www.pymnts.com/tag/b2b/" rel="tag">B2B</a>, <a href="https://www.pymnts.com/tag/b2b-payments/" rel="tag">B2B Payments</a>, <a href="https://www.pymnts.com/tag/commercial-payments/" rel="tag">commercial payments</a>, <a href="https://www.pymnts.com/tag/debt/" rel="tag">debt</a>, <a href="https://www.pymnts.com/tag/federal-reserve/" rel="tag">federal reserve</a>, <a href="https://www.pymnts.com/tag/government/" rel="tag">Government</a>, <a href="https://www.pymnts.com/tag/interest-rates/" rel="tag">Interest Rates</a>, <a href="https://www.pymnts.com/tag/lending/" rel="tag">Lending</a>, <a href="https://www.pymnts.com/tag/loans-2/" rel="tag">loans</a>, <a href="https://www.pymnts.com/tag/main-street-lending-program/" rel="tag">Main Street Lending Program</a>, <a href="https://www.pymnts.com/tag/news/" rel="tag">News</a>, <a href="https://www.pymnts.com/tag/pymnts-news/" rel="tag">PYMNTS News</a>, <a href="https://www.pymnts.com/tag/smbs/" rel="tag">SMBs</a>, <a href="https://www.pymnts.com/tag/whats-hot/" rel="tag">What's Hot</a>, <a href="https://www.pymnts.com/tag/whats-hot-in-b2b/" rel="tag">What's Hot In B2B</a></span> </div> </div> </div> </div> </div> <div id="sidebar-container" class="d-none d-lg-block col-3 ms-5 me-auto"> <div id="sidebar-wrap" class="small"> <h4 class="header-border text-uppercase mb-2 fs-6 small"> <span class="border-layer"> Trending News </span> </h4> <div class="d-flex mb-3"> <div class="item flex-grow-1 noBorderLast"> <div class="border-bottom border-light pb-2"> <a href="https://www.pymnts.com/technology/2024/retro-revival-nostalgic-tech-is-making-comeback/" title="Retro Revival: Nostalgic Tech Is Making a Comeback" > Retro Revival: Nostalgic Tech Is Making a Comeback </a> <br> </div> <div class="border-bottom border-light py-2"> <a href="https://www.pymnts.com/mobile-wallets/2024/digital-wallets-gain-traction-nearly-half-of-us-consumers-tap-in/" title="Digital Wallets Gain Traction: Nearly Half of US Consumers Tap In"> Digital Wallets Gain Traction: Nearly Half of US Consumers Tap In </a> <br> </div> <div class="border-bottom border-light py-2"> <a href="https://www.pymnts.com/bnpl/2024/lenovo-adds-klarnas-flexible-payment-methods-in-15-european-countries/" title="Lenovo Adds Klarna’s Flexible Payment Methods in 15 European Countries"> Lenovo Adds Klarna’s Flexible Payment Methods in 15 European Countries </a> <br> </div> </div> </div> <h4 class="header-border text-uppercase mb-2 fs-6 small"> <span class="border-layer"> The Big Story </span> </h4> <div class="d-flex mb-3"> <div class="item flex-grow-1 noBorderLast"> <div class="border-bottom border-light pb-2"> <a href="https://www.pymnts.com/technology/2024/retro-revival-nostalgic-tech-is-making-comeback/" title="Retro Revival: Nostalgic Tech Is Making a Comeback" > Retro Revival: Nostalgic Tech Is Making a Comeback </a> <br> </div> </div> </div> <style> #PYMNT_report_ad.pymnt_ads { width: 100%; display: flex; justify-content: center; } #PYMNT_report_ad.pymnt_ads img { width: 100%; height: auto; } </style> <div id="PYMNT_report_ad" class="pymnt_ads"> <div class="mb-5 mt-3"> <div data-pymnt-trackid="2296649" data-pymnt-trackbid="1" class="pymnt-target" id="pymnt-1615745590"><a data-no-instant="1" href="https://www.pymnts.com/study/the-impact-of-misunderstood-treasurers-in-technology/" rel="noopener" class="adv-link" target="_blank" aria-label="Citi The Impact of Misunderstood Treasurers in Healthcare November 2024 Ad"><img src="https://www.pymnts.com/wp-content/uploads/2024/11/Citi-The-Impact-of-Misunderstood-Treasurers-in-Healthcare-November-2024-Ad.gif" alt="" width="526" height="526" /></a></div> </div> </div> <h4 class="header-border text-uppercase mb-2 fs-6 small"> <span class="border-layer"> Featured News </span> </h4> <div class="d-flex mb-3"> <div class="item flex-grow-1 noBorderLast"> <div class="border-bottom border-light pb-2"> <a href="https://www.pymnts.com/mobile-wallets/2024/digital-wallets-gain-traction-nearly-half-of-us-consumers-tap-in/" title="Digital Wallets Gain Traction: Nearly Half of US Consumers Tap In" > Digital Wallets Gain Traction: Nearly Half of US Consumers Tap In </a> <br> </div> <div class="border-bottom border-light py-2"> <a href="https://www.pymnts.com/healthcare/2024/the-treasurer-will-see-you-now-collaboration-is-the-medicine-the-healthcare-industry-needs/" title="The Treasurer Will See You Now: Collaboration Is the Medicine the Healthcare Industry Needs"> The Treasurer Will See You Now: Collaboration Is the Medicine the Healthcare Industry Needs </a> <br> </div> <div class="border-bottom border-light py-2"> <a href="https://www.pymnts.com/news/b2b-payments/2024/ingo-payments-ceo-takes-aim-at-fbo-account-and-move-on-mentality-in-payments/" title="Ingo Payments CEO Takes Aim at ‘FBO Account and Move On’ Mentality in Payments"> Ingo Payments CEO Takes Aim at ‘FBO Account and Move On’ Mentality in Payments </a> <br> </div> <div class="border-bottom border-light py-2"> <a href="https://www.pymnts.com/news/payments-innovation/2024/panel-data-driven-paradigms-future-proof-security-lifecycle-management/" title="Panel: Data-Driven Paradigms Future-Proof Security Lifecycle Management"> Panel: Data-Driven Paradigms Future-Proof Security Lifecycle Management </a> <br> </div> <div class="border-bottom border-light py-2"> <a href="https://www.pymnts.com/news/fintech-investments/2024/fintech-ipo-index-surges-3-8percent-as-lemonade-affirm-lead-the-pack/" title="FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the Pack"> FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the Pack </a> <br> </div> <div class="border-bottom border-light py-2"> <a href="https://www.pymnts.com/buy-now-pay-later/2024/why-complexity-is-the-enemy-of-the-sale/" title="Why Complexity Is the Enemy of the Sale"> Why Complexity Is the Enemy of the Sale </a> <br> </div> <div class="border-bottom border-light py-2"> <a href="https://www.pymnts.com/news/banking/2024/bridging-the-digital-divide-how-banks-can-meet-customer-expectations-in-lending/" title="Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending"> Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending </a> <br> </div> </div> </div> <h4 class="header-border text-uppercase fs-6 mb-2 mt-3"> <span class="border-layer">Subscribe</span> </h4> <div id="mlb2-5774674" class="ml-subscribe-form-5774674"> <form action="/wp-content/themes/flex-mag-sixspoke/mini-handler.php" method="post"> <input aria-label="email" aria-required="true" type="email" class="form-control rounded-0 shadow-none my-3 smaller" data-inputmask="" name="email" placeholder="EMAIL" autocomplete="email" required style="max-width:250px;"/> <div class="form-check mb-2"> <input id="pymnts_check" class="form-check-input rounded-0 shadow-none" type="checkbox" name="vars[main_nl]" value="1"> <label class="form-check-label" for="pymnts_check"> <b>PYMNTS Today</b> </label> </div> <div class="form-check mb-2"> <input id="ai_check" class="form-check-input rounded-0 shadow-none" type="checkbox" name="vars[ai_nl]" value="1"> <label class="form-check-label" for="ai_check"> <b>Artificial Intelligence</b> </label> </div> <div class="form-check mb-2"> <input id="crypto_check" class="form-check-input rounded-0 shadow-none" type="checkbox" name="vars[crypto_nl]" value="1"> <label class="form-check-label" for="crypto_check"> <b>Cryptocurrency</b> </label> </div> <div class="form-check mb-2"> <input id="b2b_check" class="form-check-input rounded-0 shadow-none" type="checkbox" name="vars[b2b_nl]" value="1"> <label class="form-check-label" for="b2b_check"> <b>B2B</b> </label> </div>  <div class="form-check mb-2"> <input id="dt_check" class="form-check-input rounded-0 shadow-none" type="checkbox" name="vars[digital_nl]" value="1"> <label class="form-check-label" for="dt_check"> <b>Digital Transformation</b> </label> </div> <button type="submit" class="btn smaller fw-bold my-2">SUBSCRIBE</button> <button disabled="disabled" style="display:none" type="button" class="loading"><div class="ml-form-embedSubmitLoad"></div> <span class="sr-only">Loading...</span> </button> <input type="hidden" id="token" name="token"/> </form> <script src="https://www.google.com/recaptcha/api.js?render=6Le36I4kAAAAAMCdrtj4Jb9rq43eln5c4Zt33TLI"></script> <script> function handleCaptcha() { console.log('handleCaptcha'); grecaptcha.ready(function() { grecaptcha.execute('6Le36I4kAAAAAMCdrtj4Jb9rq43eln5c4Zt33TLI', {action: 'subscriptions'}).then(function(token) { console.log('token', token); document.getElementById("token").value = token; }); // refresh token every minute to prevent expiration setInterval(function(){ grecaptcha.execute('6Le36I4kAAAAAMCdrtj4Jb9rq43eln5c4Zt33TLI', { action: 'subscriptions'}).then(function(token) { console.log( 'refreshed token:', token ); document.getElementById("token").value = token; }); }, 60000); }); } window.addEventListener('DOMContentLoaded', handleCaptcha); </script> </div>  <script src="https://cdn.jwplayer.com/libraries/RxUYnmul.js"></script> <script src="https://ssl.p.jwpcdn.com/live/channel-embed.js"></script> <script>jwLiveChannelSetup({ channelId: "JUELnFMu" });</script> <style> .jw-live-placeholder.jw-embed-text-placeholder,.jw-live-error{display: none;} .jw-embed-state-playing:before{ color: #222; float: left; font-size: .9rem; font-weight: 700; line-height: 100%; padding-top: 5px; position: relative; text-transform: uppercase; font-family: Roboto,sans-serif; padding-bottom: 10px; } .jw-embed-state-playing { padding-bottom: 25px; padding-top:25px; } </style>  <h4 class="header-border text-uppercase mb-2 fs-6 mt-3"> <span class="border-layer">Partner with PYMNTS</span> </h4> <p class="small">We’re always on the lookout for opportunities to partner with innovators and disruptors.</p> <a class="btn mb-4 text-uppercase smaller" style="padding;0.75rem;color: #434445;" href="/partnerships/">Learn More</a> </div> <div id="post-sidebar"> </div> </div> </div> </div> </div> </div> <div id="pymntsHiddenDiv" style="display:none"></div> <script src="https://code.responsivevoice.org/responsivevoice.js?key=1js7hkt8"></script> <script src="https://cdnjs.cloudflare.com/ajax/libs/echarts/5.4.1/echarts.min.js"></script> <script> /* * createElement: Creates an element and appends to parent * @param parent (Element | String): optional parent to attach child to. Can be a query selector or an actual element itself. * @param tag (String): element tag to create * @param c (String): optional class(es) of the element. Multiple classes are allowed when separated by a space. * @param text (String): optional innerText of the element * @param attributes (Obj): optional object whose key/value pairs will be added to the element (e.g. {src: 'https://google.com', id: 'myId'}) * @param style (Obj): optional set of styles to apply to the created element (e.g. {color: "red"}) * @return Element on success (the created child element); false on error (if tag contains invalid characters). * Example: createElement('body', 'div', 'hello-world-class hello-moon-class', 'Hello World', {id: 'helloWorldId'}, {color: 'blue'}); * Author: Michael Wood * License-1: Copyright February 2022. Michael Wood. All rights reserved. * License-2: BSD License for any company that employs Michael Wood either as a consultant or employee. */ function createElement (parent, tag, c = false, text = false, attributes = false, style = null) { let el = {}; try { el = document.createElement(tag); } catch (e) { return false; } let parentEl = null; try { if (parent) { if (typeof parent === 'string') parentEl = document.querySelector(parent); else parentEl = parent; if (parentEl) parentEl.appendChild(el); } if (c) el.className = c; if (text) el.innerText = text; if (attributes) { for (const [key, value] of Object.entries(attributes)) { el.setAttribute (key, value); }; } if (style) { for (const [key, value] of Object.entries(style)) { el.style[key] = value; }; } } catch (e) { console.error(e); return false; } return el } function createHTMLElement (parent, tag, c = false, html = false, attributes = false, style = null) { let el = {}; try { el = document.createElement(tag); } catch (e) { return false; } let parentEl = null; try { if (parent) { if (typeof parent === 'string') parentEl = document.querySelector(parent); else parentEl = parent; if (parentEl) parentEl.appendChild(el); } if (c) el.className = c; if (html) el.innerHTML = html; if (attributes) { for (const [key, value] of Object.entries(attributes)) { el.setAttribute (key, value); }; } if (style) { for (const [key, value] of Object.entries(style)) { el.style[key] = value; }; } } catch (e) { console.error(e); return false; } return el } const I = id => document.getElementById(id); const Q = val => document.querySelector(val); const A = val => document.querySelectorAll(val); /* * Handle signup form here */ function handleRegistration () { const pymntsDeviceIdEl = I('userDeviceId'); console.log('userDeviceId', pymntsDeviceIdEl); if (!pymntsDeviceIdEl) return; // let cookie = {}; // document.cookie.split(';').forEach(function(el) { // let [key,value] = el.split('='); // cookie[key.trim()] = value; // }) // console.log('userDeviceId Cookie', cookie[cookieName]; } window.addEventListener('DOMContentLoaded', handleRegistration); /* * infinite scrolling */ let nextArticle = 1; let loadedArticles = []; let relatedArticles = []; let host = window.location.hostname; let curArticle = null; let showingArticle = 'orig'; let sidebarWrap = null; let sidebarFreezeTrigger = null; let pathTitles = []; let curPath = window.location.pathname;; let curTitle = document.title; let currentPath = window.location.pathname; let Links = JSON.parse('{"current":"https:\/\/www.pymnts.com\/loans\/2024\/main-street-lending-program-borrowers-challenged-high-interest-rates\/","latest":["https:\/\/www.pymnts.com\/technology\/2024\/retro-revival-nostalgic-tech-is-making-comeback\/","https:\/\/www.pymnts.com\/mobile-wallets\/2024\/digital-wallets-gain-traction-nearly-half-of-us-consumers-tap-in\/","https:\/\/www.pymnts.com\/bnpl\/2024\/lenovo-adds-klarnas-flexible-payment-methods-in-15-european-countries\/","https:\/\/www.pymnts.com\/subscription-commerce\/2024\/judge-rules-siriusxm-must-make-it-easier-to-cancel-subscriptions\/","https:\/\/www.pymnts.com\/news\/b2b-payments\/2024\/cards-making-gains-with-commercial-payments-but-greenfield-opportunity-still-is-massive\/","https:\/\/www.pymnts.com\/news\/cross-border-commerce\/cross-border-payments\/2024\/treasury-official-us-promotes-innovation-and-regulatory-frameworks-for-cross-border-payments\/","https:\/\/www.pymnts.com\/loans\/2024\/main-street-lending-program-borrowers-challenged-high-interest-rates\/","https:\/\/www.pymnts.com\/fraud-prevention\/2024\/fraudsters-shift-tactics-to-customers-challenging-financial-institutions-to-innovate\/","https:\/\/www.pymnts.com\/earnings\/2024\/ross-stores-treasure-hunt-environment-drives-off-price-store-sales\/","https:\/\/www.pymnts.com\/economy\/2024\/leading-indicators-bumpy-holiday-season-for-consumers-and-maybe-b2b-too\/","https:\/\/www.pymnts.com\/earnings\/2024\/gaps-brand-reinvigoration-focus-turns-to-in-store-and-online-experiences\/","https:\/\/www.pymnts.com\/apple\/2024\/report-apple-aims-to-increase-siris-capabilities-with-advanced-llms\/","https:\/\/www.pymnts.com\/consumer-insights\/2024\/bnpl-mobile-banking-embraced-low-income-paycheck-consumers\/","https:\/\/www.pymnts.com\/news\/investment-tracker\/2024\/amazon-increases-total-investment-artificial-intelligence-startup-anthropic-8-billion-dollars\/","https:\/\/www.pymnts.com\/google\/2024\/making-sense-of-the-search-landscape-in-light-of-googles-antitrust-woes\/","https:\/\/www.pymnts.com\/antitrust\/2024\/uks-cma-says-apple-and-google-policies-hold-back-innovation\/","https:\/\/www.pymnts.com\/healthcare\/2024\/the-treasurer-will-see-you-now-collaboration-is-the-medicine-the-healthcare-industry-needs\/","https:\/\/www.pymnts.com\/news\/b2b-payments\/2024\/ingo-payments-ceo-takes-aim-at-fbo-account-and-move-on-mentality-in-payments\/","https:\/\/www.pymnts.com\/news\/payments-innovation\/2024\/panel-data-driven-paradigms-future-proof-security-lifecycle-management\/","https:\/\/www.pymnts.com\/mobile-wallets\/2024\/two-thirds-of-digital-wallet-users-in-france-use-them-for-everything-but-payments\/","https:\/\/www.pymnts.com\/news\/fintech-investments\/2024\/fintech-ipo-index-surges-3-8percent-as-lemonade-affirm-lead-the-pack\/","https:\/\/www.pymnts.com\/buy-now-pay-later\/2024\/why-complexity-is-the-enemy-of-the-sale\/","https:\/\/www.pymnts.com\/fraud-prevention\/2024\/report-financial-scams-drive-122-increase-in-fraud-losses-by-us-banks\/","https:\/\/www.pymnts.com\/news\/banking\/2024\/bridging-the-digital-divide-how-banks-can-meet-customer-expectations-in-lending\/","https:\/\/www.pymnts.com\/partnerships\/2024\/adyen-to-support-global-expansion-of-spendesks-spend-management-platform\/","https:\/\/www.pymnts.com\/artificial-intelligence-2\/2024\/report-openai-considers-adding-web-browser-and-search-partnerships\/","https:\/\/www.pymnts.com\/antitrust\/2024\/doj-proposal-in-antitrust-case-aims-to-undo-google-anthropic-partnership\/","https:\/\/www.pymnts.com\/earnings\/2024\/intuit-sees-ai-driving-big-changes-for-small-businesses\/","https:\/\/www.pymnts.com\/news\/payment-methods\/2024\/us-treasury-selects-bny-as-financial-agent-for-direct-express-program\/","https:\/\/www.pymnts.com\/cryptocurrency\/2024\/trump-company-considers-adding-crypto-payments-trading\/","https:\/\/www.pymnts.com\/artificial-intelligence-2\/2024\/nvidia-snowflake-and-ben-ride-ai-surge-in-q3\/","https:\/\/www.pymnts.com\/cryptocurrency\/2024\/united-kingdom-consider-comprehensive-regulatory-framework-crypto-sector\/","https:\/\/www.pymnts.com\/amazon\/2024\/amazon-marketplace-could-reportedly-face-eu-antitrust-case-in-2025\/","https:\/\/www.pymnts.com\/google\/2024\/google-blasts-justice-department-radical-antitrust-proposal\/","https:\/\/www.pymnts.com\/news\/2024\/ftc-refunds-1-9-million-to-victims-of-credit-bureau-center-scam\/","https:\/\/www.pymnts.com\/digital-first-banking\/2024\/brazilian-banks-improve-profitability-led-by-digital-players\/","https:\/\/www.pymnts.com\/news\/retail\/2024\/amazon-vs-walmart-who-will-win-the-holiday-shopping-war\/","https:\/\/www.pymnts.com\/news\/b2b-payments\/2024\/mastercard-and-fundbot-team-to-speed-b2b-payment-flows\/","https:\/\/www.pymnts.com\/partnerships\/2024\/dxc-servicenow-team-launch-ai-center-excellence\/","https:\/\/www.pymnts.com\/partnerships\/2024\/us-bank-and-one-inc-team-to-accelerate-instant-insurance-payments\/","https:\/\/www.pymnts.com\/news\/retail\/2024\/app-provider-rankings-ulta-beauty-revamps-digital-strategy-to-boost-engagement\/","https:\/\/www.pymnts.com\/news\/2024\/lightning-ai-raises-50-million-for-pytorch-artificial-intelligence-framework\/","https:\/\/www.pymnts.com\/artificial-intelligence-2\/2024\/intuit-adds-generative-ai-powered-financial-assistant-to-quickbooks\/","https:\/\/www.pymnts.com\/news\/retail\/2024\/instacart-ceo-focuses-on-grocery-partnerships-as-firms-value-drops\/","https:\/\/www.pymnts.com\/news\/2024\/this-week-in-b2b-simplicity-automation-and-blockchain-yes-blockchain\/","https:\/\/www.pymnts.com\/economy\/2024\/fewer-americans-file-for-unemployment-but-more-remain-unemployed\/","https:\/\/www.pymnts.com\/news\/ecommerce\/2024\/wex-introduces-digital-commerce-solution-medicare-platform\/","https:\/\/www.pymnts.com\/news\/security-and-risk\/2024\/federal-reserve-bars-ceo-convicted-of-embezzlement-from-banking-industry\/","https:\/\/www.pymnts.com\/news\/ecommerce\/2024\/temu-opens-online-marketplace-all-united-states-sellers\/","https:\/\/www.pymnts.com\/news\/regulation\/2024\/final-cfpb-rule-expands-oversight-of-big-techs-payments-ambitions\/","https:\/\/www.pymnts.com\/news\/investment-tracker\/2024\/uber-reportedly-investing-in-autonomous-driving-firm-pony-ai\/","https:\/\/www.pymnts.com\/news\/artificial-intelligence\/2024\/new-ai-agents-take-management-jobs\/","https:\/\/www.pymnts.com\/blockchain\/2024\/mastercard-and-j-p-morgan-are-building-an-interoperable-b2b-blockchain-together\/","https:\/\/www.pymnts.com\/technology\/2024\/paypal-resolves-2-hour-global-outage-affecting-multiple-products\/","https:\/\/www.pymnts.com\/news\/investment-tracker\/2024\/cellpoint-raises-30-million-for-travel-sector-payment-orchestration\/","https:\/\/www.pymnts.com\/news\/ecommerce\/2024\/alibaba-merges-global-and-domestic-ecommerce-businesses\/","https:\/\/www.pymnts.com\/news\/b2b-payments\/2024\/boost-simplicity-in-b2b-payments-means-making-innovation-work-for-suppliers\/","https:\/\/www.pymnts.com\/shopping\/2024\/holiday-spending-surge-60m-us-shoppers-swayed-by-upfront-buy-now-pay-later-options\/","https:\/\/www.pymnts.com\/digital-payments\/2024\/note-to-retail-keep-shopping-simple-if-you-want-consumers-to-buy\/","https:\/\/www.pymnts.com\/news\/b2b-payments\/2024\/back-office-takes-front-row-as-firms-automate-b2b-payments\/","https:\/\/www.pymnts.com\/mobile-wallets\/2024\/47-percent-of-brazilians-use-digital-wallets-for-bill-payments\/","https:\/\/www.pymnts.com\/opinion\/2024\/want-revenue-cut-the-friction\/","https:\/\/www.pymnts.com\/earnings\/2024\/after-posting-94-revenue-jump-nvidia-ceo-says-company-has-room-to-scale\/","https:\/\/www.pymnts.com\/news\/2024\/report-elon-musks-xai-raises-5-billion-and-doubles-valuation\/","https:\/\/www.pymnts.com\/news\/digital-banking\/2024\/report-nubank-considers-moving-legal-base-to-uk\/","https:\/\/www.pymnts.com\/connectedeconomy\/2024\/discord-grows-a-central-hub-of-social-gaming-and-community-engagement\/","https:\/\/www.pymnts.com\/artificial-intelligence-2\/2024\/microsoft-ramps-up-automation-in-the-workplace-with-copilot-actions\/","https:\/\/www.pymnts.com\/antitrust\/2024\/justice-department-will-ask-judge-force-google-sell-core-products\/","https:\/\/www.pymnts.com\/bank-regulation\/2024\/regulators-tell-house-committee-theyll-pause-new-banking-rules\/","https:\/\/www.pymnts.com\/artificial-intelligence-2\/2024\/enterprise-spending-on-generative-ai-leaps-as-tech-becomes-mission-critical\/","https:\/\/www.pymnts.com\/bank-regulation\/2024\/mchenry-banking-regulators-stuck-fighting-the-last-war\/","https:\/\/www.pymnts.com\/news\/regulation\/2024\/ftc-begins-sending-consumers-refunds-in-made-in-usa-case\/","https:\/\/www.pymnts.com\/blockchain\/2024\/this-week-in-web3-understanding-blockchain-solutions-for-business-challenges\/","https:\/\/www.pymnts.com\/cryptocurrency\/2024\/coinbase-wallet-introduces-rewards-program-for-usdc-holders\/","https:\/\/www.pymnts.com\/news\/regulation\/2024\/occ-hsu-supports-chartering-regime-nonbanks\/","https:\/\/www.pymnts.com\/insurance\/2024\/lendingtree-and-coverdash-team-to-insure-small-businesses\/","https:\/\/www.pymnts.com\/artificial-intelligence-2\/2024\/ai-math-hurdle-shapes-up-as-techs-next-challenge\/","https:\/\/www.pymnts.com\/blockchain\/bitcoin\/2024\/bitcoin-reaches-record-high-near-95000-dollars-amid-trump-interest-crypto\/","https:\/\/www.pymnts.com\/artificial-intelligence-2\/2024\/kpmg-launches-100-million-ai-partnership-with-google-cloud\/","https:\/\/www.pymnts.com\/artificial-intelligence-2\/2024\/wall-street-braces-for-nvidias-trillion-dollar-earnings-report\/","https:\/\/www.pymnts.com\/earnings\/2024\/target-ceo-says-consumer-budgets-are-being-stretched\/","https:\/\/www.pymnts.com\/acquisitions\/2024\/modulr-adds-accounts-payable-automation-functionality-nook-acquisition\/","https:\/\/www.pymnts.com\/apple\/2024\/apple-seeks-dismissal-of-u-s-smartphone-monopoly-case\/","https:\/\/www.pymnts.com\/debt\/2024\/new-york-federal-reserve-data-points-increasingly-discouraged-borrowers\/","https:\/\/www.pymnts.com\/blockchain\/2024\/how-blockchain-tech-can-streamline-treasury-operations\/","https:\/\/www.pymnts.com\/bank-regulation\/2024\/revolut-ceo-growing-without-banking-license-was-wrong-decision\/","https:\/\/www.pymnts.com\/earnings\/2024\/nvidia-earnings-report-could-trigger-300-billion-market-swing\/","https:\/\/www.pymnts.com\/digital-onboarding\/2024\/trevipay-adds-automated-buyer-onboarding-order-cash-offering\/","https:\/\/www.pymnts.com\/travel-payments\/2024\/mastercard-and-worldpay-launch-virtual-cards-for-travel-agents\/","https:\/\/www.pymnts.com\/news\/security-and-risk\/2024\/biocatch-unveils-behavior-based-financial-crime-intelligence-network\/","https:\/\/www.pymnts.com\/credit-unions\/2024\/velera-to-provide-debit-card-processing-to-mississippi-based-keesler-federal\/","https:\/\/www.pymnts.com\/news\/cross-border-commerce\/2024\/india-expanding-x-border-payment-connections-with-neighbors\/","https:\/\/www.pymnts.com\/digital-payments\/2024\/validifi-and-pdi-team-to-streamline-pay-by-bank-enrollment\/","https:\/\/www.pymnts.com\/fraud-prevention\/2024\/ceo-interview-behavioral-analytics-makes-the-roi-case-for-banks-scam-fighting-efforts\/","https:\/\/www.pymnts.com\/blockchain\/2024\/citi-sees-blockchain-at-center-of-borderless-commerce-initiative\/","https:\/\/www.pymnts.com\/digital-payments\/2024\/discover-global-network-future-payment-strategy-should-be-digital-and-data-driven\/","https:\/\/www.pymnts.com\/opinion\/2024\/ai-and-fraud-defense-innovations-set-to-improve-b2b-payments\/","https:\/\/www.pymnts.com\/data\/2024\/for-retailers-data-simplicity-is-all-about-the-sku\/","https:\/\/www.pymnts.com\/smbs\/2024\/fiserv-and-adp-partner-to-build-small-business-management-platform\/","https:\/\/www.pymnts.com\/news\/cfpb\/2024\/cfpb-student-loan-servicers-autopay-errors-completely-unacceptable\/"]}'); let CurLinkIndex = 0; Links.latest = Links.latest.filter(url => url !== Links.current); let partialsAlreadyLoaded = []; async function loadNextArticle(first = false) { // if (currentPath === '/news/payment-methods/2023/payments-are-sexy-again-at-ikea-stores-and-website/') { // Q('.recommended-articles').style.display = 'none'; // return; // } console.log('loadNextArticle', partialsAlreadyLoaded); if (CurLinkIndex >= Links.latest.length) return false; let nextUrl = Links.latest[CurLinkIndex++]; let test = partialsAlreadyLoaded.indexOf(nextUrl); let request = { url: nextUrl + '?postType=partial', method: 'get' }; let data = null; try { let response = await axios(request); data = response.data; } catch (e) { console.error(e); } partialsAlreadyLoaded.push(nextUrl); curArticle = createHTMLElement(I('insertArticle'), 'div', null, data, {id: `article-number-${nextArticle}`, urlinfo: nextUrl}); console.log('curArticle', curArticle); lastArticle = curArticle; curPath = nextUrl; console.log('curPath', curPath); setupArticleListening(curArticle); let containerScroller = curArticle.querySelector('.container-scroller'); containerScroller && containerScroller.classList && containerScroller.classList.add('d-none'); let articlePost = curArticle.querySelector('.article-post'); let h1 = curArticle.querySelector('h1'); let title = h1.innerText; curTitle = title; pathTitles.push({ path: nextUrl, title }); ++nextArticle; if (!first) { const url = new URL(nextUrl); triggerPageView(url.pathname); } else { setTimeout(() => { const url = new URL(nextUrl); triggerPageView(url.pathname); }, 12000); } } let lastUrlViewed = null; function registerPageView(url, tracker) { console.log('registerPageView', url, tracker); console.log('deviceIsBlockingAnalytics', deviceIsBlockingAnalytics); if (url === lastUrlViewed) { console.log('triggerPageView url === lastUrlViewed') return; } const info = pathTitles.find(entry => entry.path.indexOf(url) !== -1); if (!info) { console.log('triggerPageView !info', url, pathTitles) return; } lastUrlViewed = url; tracker.set('page', url); tracker.send('pageview', { 'title': info.title, 'url': url }); gtag("event", "pymnts_device_visit", { path: url }); if (!deviceIsBlockingAnalytics) doNotProxyReport(url); //reportPageToGoogle(url, info.title); console.log('fTest url title', url, info.title); //sendPageView(url, info.title); //console.log('triggerPageView registered url', info.title, url); } let firstTrigger = true; function triggerPageView (url, scrollingUp = false) { // if (scrollingUp) { // console.log('scrollingUp', url, window.location); // const request = { // url: `https://${window.location.hostname}/infiniteScroll.php`, // method: 'post', // data: { // path: url // } // } // axios(request) // .then(response => {console.log('scrollingUp', response.data)}) // .catch(error => console.error(error)); // } console.log('triggerPageView', url); if (!googleTracker) { let count = 0; let intervalId = setInterval(() => { ++count; if (googleTracker || count > 5) { clearInterval(intervalId); console.log('tracker', googleTracker); registerPageView(url, googleTracker); return; } }, 500); } else { console.log('tracker', googleTracker); registerPageView(url, googleTracker); } } let articleIsBeingSpoken = false; function setupArticleListening(el) { let playButton = el.querySelector('.bi-play-circle-fill'); let pauseButton = el.querySelector('.bi-pause-circle-fill'); let text = el.querySelector('.lh-article').innerText; let headline = el.querySelector('h1').innerText; if (headline) text = headline + '. ' + text; if (playButton) { playButton.addEventListener('click', () => { if (!articleIsBeingSpoken || playButtonPressed !== playButton) { responsiveVoice.speak(text, "US English Male"); articleIsBeingSpoken = true; //playButtonPressed = playButton; } else { responsiveVoice.resume(); } }) } if (pauseButton) { pauseButton.addEventListener('click', () => { responsiveVoice.pause(); }) } } let subscribeIsShown = false; function setVideoSubscribeLocation() { const video = I('articleVideo'); if (!video) return; const subscribe = I('videoSubscribe'); if (!subscribe) return; const videoRect = video.getBoundingClientRect(); const subscribeRect = subscribe.getBoundingClientRect(); const xDiff = videoRect.width - subscribeRect.width; const yDiff = videoRect.height - subscribeRect.height; const xOffset = (xDiff/2) + 'px'; const yOffset = (yDiff*(1/4)) + 'px'; subscribe.style.left = xOffset; subscribe.style.top = yOffset; } function showSubscribe() { let subscribe = I('videoSubscribe'); if (!subscribeIsShown) { subscribe.classList.remove('d-none'); setVideoSubscribeLocation(); subscribe.style.opacity = 1; subscribeIsShown = true; } } function hideSubscribe() { let subscribe = I('videoSubscribe'); if(subscribeIsShown) { subscribe.classList.add('d-none'); subscribe.style.opacity = 0; subscribeIsShown = false; } } function handleTimeUpdating(e) { const video = I('articleVideo'); const ending = video.duration - 5.5; if (ending < 0) ending = 0; if (video.currentTime >= ending) { showSubscribe(); } else { hideSubscribe(); } } function handleVideoPlaying(e, video) { console.log(video); console.log ('duration', video.duration); const ending = video.duration - 5; if (ending < 0) ending = 0; video.addEventListener('timeupdate', handleTimeUpdating); } function setupVideoCallToAction () { const video = I('articleVideo'); if (!video) return; video.addEventListener('play', (e) => handleVideoPlaying(e, video)); } let userIsAuthenticated = false; function isAuthenticatedUser () { return localStorage.getItem('pymnts.authorized') ? true : false; } function processChart (id) { var chartDom = document.getElementById(id); var myChart = echarts.init(chartDom); var option; option = { grid: { containLabel: true }, title: [ { text: "Types of digital payment methods\nused in the last month", textStyle: { color: 'black', lineHeight: 22 }, x: 'center' } ], tooltip: { trigger: 'item' }, yAxis: { type: 'category', data: [ 'Another wallet', 'Other', 'Voice payments', 'QR payments', 'Face payments', 'Samsung Pay', 'Cryptocurrency', 'Walmart Pay', 'Store Card', 'EBT', 'BNPL', 'Prepaid card', 'Peer to Peer', 'Google Pay', 'Apple Pay', 'Bank transfer', 'PayPal', 'Credit card', 'Debit card' ], axisLabel: { color: 'black' }, axisTick: { show: false } }, xAxis: { type: 'value', axisLabel: { formatter: '{value}%', color: 'black' } }, series: [ { data: [ 0.9, 1.4, 3.5, 4.5, 4.7, 6.3, 7.9, 8.2, 9.1, 10.8, 11.0, 14.7, 15.4, 15.5, 20.8, 34.9, 53.2, 57.4, 64.6 ], type: 'bar', showBackground: true, itemStyle: { color: (params) => { return params.name === 'EBT' ? 'rgba(0,89,227, .4)' : 'rgba(0,89,227, .8)'; } }, backgroundStyle: { color: 'rgba(180, 180, 180, 0.2)' }, label: { show: true, position: 'right', // inside formatter: (value) => `${value.data}%` }, axisLabel: { formatter: '{value} %' } } ] }; option && myChart.setOption(option); } function insertPymntsCharts() { console.log('insertPymntsCharts'); const charts = A('.pymnts-chart'); console.log('insertPymntsCharts charts', charts) if (!charts.length) return; for (let i = 0; i < charts.length; ++i) { const chartId = charts[i].getAttribute('id'); console.log('chartId', chartId); processChart(chartId); } } async function pageIsLoaded() { console.log('pageIsLoaded', window.location.pathname); // console.log('Links', CurLinkIndex, Links); insertPymntsCharts(); console.log('cookies', cookies); //if (window.location.search === '?emailSent=true') alert ("Verification email has been sent.\nPlease check your inbox.") setupArticleListening(document); setupVideoCallToAction(); sidebarWrap = I('sidebar-wrap'); pathTitles.push({ path: location.pathname, title: Q('h1').innerText }); triggerPageView(curPath); loadNextArticle(true); } function handleScrolling() { //console.log('handleScrolling', curArticle, curPath); let curArticleBox = null; let curArticleId = null; if (curArticle) { curArticleId = curArticle.getAttribute('id'); //console.log('curArticleId', curArticleId); curArticleBox = curArticle.getBoundingClientRect(); //console.log('curArticle box', window.innerHeight, curArticleBox) if (curArticleBox.y <= window.innerHeight) { console.group(); console.log('handleScrolling have curArticle'); document.title = curTitle; const state = { 'page_id': 1, 'user_id': 5 } history.replaceState(state, '', curPath); const urlInfo = curArticle.getAttribute('urlinfo'); console.log('curArticle urlInfo', urlInfo); let test = partialsAlreadyLoaded.indexOf(urlInfo); console.log('test', test, partialsAlreadyLoaded.length); ++test; if (test && test === partialsAlreadyLoaded.length) { curArticle = null; loadNextArticle(); } else { const urlInfo = I(curArticleId).getAttribute('urlinfo'); const url = new URL(urlInfo); triggerPageView(url.pathname); curArticle = I(`article-number-${test+1}`); curPath = curArticle.getAttribute('urlinfo'); console.log('curPath', curPath); } showingArticle = curArticleId; console.log('showingArticle', showingArticle); console.log('curArticle', curArticle); console.groupEnd(); } } // handle scrolling up if (showingArticle !== 'orig') { const showingArticleBox = I(showingArticle).getBoundingClientRect(); if (showingArticleBox.y > window.innerHeight) { let parts = showingArticle.split('-'); let num = Number(parts[2]); if (num === 1) { showingArticle = 'orig'; console.log('showingArticle', showingArticle); const url = new URL(Links.current); triggerPageView(url.pathname, true); const state = { 'page_id': 1, 'user_id': 5 } history.replaceState(state, '', Links.current); curArticle = I('article-number-1'); console.log('curArticle', curArticle); curPath = curArticle.getAttribute('urlinfo'); console.log('curPath', curPath); } else { showingArticle = `article-number-${num - 1}`; console.log('showingArticle', showingArticle); curArticle = I(`article-number-${num}`); console.log('curArticle', curArticle); curPath = curArticle.getAttribute('urlinfo'); console.log('curPath', curPath); const urlInfo = I(showingArticle).getAttribute('urlinfo'); console.log('urlinfo', urlInfo); const url = new URL(urlInfo); triggerPageView(url.pathname, true); const state = { 'page_id': 1, 'user_id': 5 } history.replaceState(state, '', urlInfo); } } } let singleContainer = I('singleContainer').getBoundingClientRect(); if (sidebarWrap) { sidebarRect = sidebarWrap.getBoundingClientRect(); sidebarTop = sidebarRect.y; sidebarBottom = sidebarRect.y + sidebarRect.height; if (sidebarFreezeTrigger && window.scrollY < sidebarFreezeTrigger) { sidebarFreezeTrigger = null; sidebarWrap.style.position = 'static'; sidebarWrap.style.bottom = 'auto'; } else if (sidebarBottom <= window.innerHeight) { if(sidebarWrap.style.position !== 'fixed') { sidebarWrap.style.position = 'fixed'; sidebarWrap.style.bottom = '0px'; sidebarWrap.style.width = `${(singleContainer.width * .25) - 24}px`; sidebarFreezeTrigger = window.scrollY; } } } } function handleVideoResizing() { console.log('videoResize'); if (subscribeIsShown) setVideoSubscribeLocation(); } document.addEventListener('fullscreenchange', handleVideoResizing, false); document.addEventListener('mozfullscreenchange', handleVideoResizing, false); document.addEventListener('MSFullscreenChange', handleVideoResizing, false); document.addEventListener('webkitfullscreenchange', handleVideoResizing, false); function pageIsResized() { if (subscribeIsShown) setVideoSubscribeLocation(); let sidebarContainer = I('sidebar-container'); if(!sidebarContainer) return; let size = 'xxl'; if(window.innerWidth < 576) size = 'xs'; else if(window.innerWidth < 768) size = 'md'; else if(window.innerWidth < 992) size = 'lg'; else if(window.innerWidth < 1200) size = 'xl'; else size = 'xxl'; console.log(size); switch(size) { case 'xs': case 'md': sidebarContainer.classList.remove('d-lg-block'); sidebarContainer.classList.add('d-none'); sidebarContainer.style.display = 'none'; break; case 'lg': case 'xl': case 'xxl': sidebarContainer.classList.add('d-lg-block'); sidebarContainer.classList.remove('d-none'); sidebarContainer.style.display = 'block'; break; } let singleContainer = I('singleContainer').getBoundingClientRect(); if (sidebarWrap) sidebarWrap.style.width = `${(singleContainer.width * .25) - 24}px`; let insertArticle = I('insertArticle').getBoundingClientRect(); sidebarContainer.style.display = 'static'; } window.addEventListener('scroll', handleScrolling); window.addEventListener('DOMContentLoaded', pageIsLoaded); window.addEventListener('resize', pageIsResized); document.addEventListener( 'wpcf7mailsent', (event) => { console.log("wpcf7mailsent", event.detail); const submitLink = event.detail.inputs.filter(input => input.name === 'submit-link'); if (submitLink && submitLink.length){ window.open(submitLink[0].value); } }, false ); </script> <script>(function(){var advanced_ads_ga_UID="G-3WHRCQ5780",advanced_ads_ga_anonymIP=!!1;window.advanced_ads_check_adblocker=function(t){var n=[],e=null;function a(t){var n=window.requestAnimationFrame||window.mozRequestAnimationFrame||window.webkitRequestAnimationFrame||function(t){return setTimeout(t,16)};n.call(window,t)}return a((function(){var t=document.createElement("div");t.innerHTML=" ",t.setAttribute("class","ad_unit ad-unit text-ad text_ad pub_300x250"),t.setAttribute("style","width: 1px !important; height: 1px !important; position: absolute !important; left: 0px !important; top: 0px !important; overflow: hidden !important;"),document.body.appendChild(t),a((function(){var a,o,i=null===(a=(o=window).getComputedStyle)||void 0===a?void 0:a.call(o,t),d=null==i?void 0:i.getPropertyValue("-moz-binding");e=i&&"none"===i.getPropertyValue("display")||"string"==typeof d&&-1!==d.indexOf("about:");for(var c=0,r=n.length;c<r;c++)n[c](e);n=[]}))})),function(t){"undefined"==typeof advanced_ads_adblocker_test&&(e=!0),null!==e?t(e):n.push(t)}}(),function(){function t(t){this.UID=t,this.analyticsObject="function"==typeof gtag;var n=this;return this.count=function(){gtag("event","AdBlock",{event_category:"Advanced Ads",event_label:"Yes",non_interaction:!0,send_to:n.UID})},function(){if(!n.analyticsObject){var e=document.createElement("script");e.src="https://www.googletagmanager.com/gtag/js?id="+t,e.async=!0,document.body.appendChild(e),window.dataLayer=window.dataLayer||[],window.gtag=function(){dataLayer.push(arguments)},n.analyticsObject=!0,gtag("js",new Date)}var a={send_page_view:!1,transport_type:"beacon"};window.advanced_ads_ga_anonymIP&&(a.anonymize_ip=!0),gtag("config",t,a)}(),this}advanced_ads_check_adblocker((function(n){n&&new t(advanced_ads_ga_UID).count()}))}();})();</script> <script> (async () => { /* Start measuring the visit length. */ // const visitStart = Date.now(); /* Helper functions. */ const generateDeviceId = () => { let d = new Date().getTime(); let d2 = ((typeof performance !== "undefined") && performance.now && (performance.now() * 1000)) || 0; return "xxxxxxxx-xxxx-4xxx-yxxx-xxxxxxxxxxxx".replace(/[xy]/g, c => { let r = Math.random() * 16; if (d > 0) { r = (d + r) % 16 | 0; d = Math.floor(d / 16); } else { r = (d2 + r) % 16 | 0; d2 = Math.floor(d2 / 16); } return (c == "x" ? r : (r & 0x7 | 0x8)).toString(16); }); } // const getVisitCounter = () => { // let visitCounter = sessionStorage.getItem("pymnts_visit_counter"); // if (!visitCounter) { // visitCounter = {}; // } else { // visitCounter = JSON.parse(visitCounter); // } // return visitCounter; // } // const updateVisitCounter = () => { // const visitCounter = getVisitCounter(); // if (visitCounter[window.location.pathname]) { // visitCounter[window.location.pathname]++; // } else { // visitCounter[window.location.pathname] = 1; // } // sessionStorage.setItem("pymnts_visit_counter", JSON.stringify(visitCounter)); // } const getDeviceId = () => { let deviceId = localStorage.getItem("pymnts_device_id"); if (!deviceId) { deviceId = generateDeviceId(); localStorage.setItem("pymnts_device_id", deviceId); // TODO: add pymnts_device_id cookie } return deviceId; } const recordEvents = async (events) => { const data = { user_id: getDeviceId(), events: events }; const reqURL = `/wp-json/pymnts/info?data=${JSON.stringify(data)}`; const resp = await fetch(reqURL); const respJSON = await resp.json(); } // const updatePageviewData = async (events) => { // const visitCounter = getVisitCounter(); // const data = { // user_id: getDeviceId(), // user_agent: window.navigator.userAgent, // page_location: window.location.href, // page_title: document.title, // page_referrer: document.referrer, // visit_count: visitCounter[window.location.pathname], // engagement_time_msec: Math.round((Date.now() - visitStart)) // }; // const reqURL = `/wp-json/pymnts/upd?data=${encodeURIComponent(JSON.stringify(data))}`; // const resp = await fetch(reqURL); // const respJSON = await resp.json(); // } document.querySelector("body").addEventListener( "click", (ev) => { const el = ev.target; const tagName = el.tagName.toLowerCase(); let linkTarget = false; if ( tagName === "a" || tagName === "button" || el.classList.contains("track-clicks") ) { el.addEventListener("click", (ev) => { if (!el.classList.contains("click-tracked")) { el.classList.add("click-tracked"); if (tagName === "a") { linkTarget = el.href; } else if (tagName === "img" && el.parentElement.tagName.toLowerCase() === "a") { linkTarget = el.parentElement.href; } let events = [{ "name": "pymnts_click", "params": { "element_name": tagName, "element_classes": el.className ? el.className : "", "element_text": el.innerHtml ? el.innerHtml : "", "source": window.location.href, "destination": linkTarget, } }]; if (el.classList.contains("pymnts-ad")) { if (el.classList.contains("pymnts-ad-sidebar")) { events.push({ "name": "pymnts_click_sidebar_ad", "params": { "source": window.location.href, "destination": linkTarget, } }); } else if (el.classList.contains("pymnts-ad-bottom")) { events.push({ "name": "pymnts_click_bottom_article_ad", "params": { "source": window.location.href, "destination": linkTarget, } }); } else { events.push({ "name": "pymnts_click_header_banner_ad", "params": { "source": window.location.href, "destination": linkTarget, } }); } } recordEvents(events); } setTimeout(() => { // prevent accidental double-clicks from being tracked el.classList.remove("click-tracked"); }, 600); }); } }, true ); // updateVisitCounter(); // updatePageviewData(); // setInterval(updatePageviewData, 15000); })().catch(err => { console.error("pymnts-info error:", err); }); </script> <script type="text/javascript"> // jQuery(document).ready(function($) { // // Back to Top Button // var duration = 500; // $('.back-to-top').click(function(event) { // event.preventDefault(); // $('html, body').animate({scrollTop: 0}, duration); // return false; // }); // // Main Menu Dropdown Toggle // $('.menu-item-has-children a').click(function(event){ // event.stopPropagation(); // location.href = this.href; // }); // $('.menu-item-has-children').click(function(){ // $(this).addClass('toggled'); // if($('.menu-item-has-children').hasClass('toggled')) // { // $(this).children('ul').toggle(); // $('.fly-nav-menu').getNiceScroll().resize(); // } // $(this).toggleClass('tog-minus'); // return false; // }); // Main Menu Scroll // $(window).load(function(){ // $('.fly-nav-menu').niceScroll({cursorcolor:"#888",cursorwidth: 7,cursorborder: 0,zindex:999999}); // }); // Infinite Scroll // $('.infinite-content').infinitescroll({ // navSelector: ".nav-links", // nextSelector: ".nav-links a:first", // itemSelector: ".infinite-post", // loading: { // msgText: "Loading more posts...", // finishedMsg: "Sorry, no more posts" // } // }); // $(window).unbind('.infscr'); // $(".inf-more-but").click(function(){ // $('.infinite-content').infinitescroll('retrieve'); // return false; // }); // $(window).load(function() { // // The slider being synced must be initialized first // $('.post-gallery-bot').flexslider({ // animation: "slide", // controlNav: false, // animationLoop: true, // slideshow: false, // itemWidth: 80, // itemMargin: 10, // asNavFor: '.post-gallery-top' // }); // $('.post-gallery-top').flexslider({ // animation: "fade", // controlNav: false, // animationLoop: true, // slideshow: false, // prevText: "<", // nextText: ">", // sync: ".post-gallery-bot" // }); // }); // }); </script> <script type="text/javascript" id="contact-form-7-js-extra"> /* <![CDATA[ */ var wpcf7 = {"api":{"root":"https:\/\/www.pymnts.com\/wp-json\/","namespace":"contact-form-7\/v1"}}; /* ]]> */ </script> <script type="text/javascript" src="https://www.pymnts.com/_static/??-eJyVyzEOwjAMAMAP4VoFqsKAeItjB5QocaraoTwf2BhYGG843Bbgph7VcSn9ntSQRMAbMJWoQiuE7t4USwpIzmGoSYdsO/xRPyZ2uLW1woxJuXSJhrY9MNvbEp//3q93rZdx3k+H03Qcz/kF4U1EYQ==" ></script><script type="text/javascript" id="leadin-script-loader-js-js-extra"> /* <![CDATA[ */ var leadin_wordpress = {"userRole":"visitor","pageType":"post","leadinPluginVersion":"11.1.40"}; /* ]]> */ </script> <script type="text/javascript" src="https://js.hs-scripts.com/45558957.js?integration=WordPress&ver=11.1.40" id="leadin-script-loader-js-js"></script> <script type="text/javascript" id="advanced-ads-pro/front-js-extra"> /* <![CDATA[ */ var advanced_ads_cookies = {"cookie_path":"\/","cookie_domain":""}; var advadsCfpInfo = {"cfpExpHours":"3","cfpClickLimit":"3","cfpBan":"7","cfpPath":"","cfpDomain":"www.pymnts.com"}; /* ]]> */ </script> <script type="text/javascript" id="advanced-ads-pro/cache_busting-js-extra"> /* <![CDATA[ */ var advanced_ads_pro_ajax_object = {"ajax_url":"https:\/\/www.pymnts.com\/wp-admin\/admin-ajax.php","lazy_load_module_enabled":"","lazy_load":{"default_offset":0,"offsets":[]},"moveintohidden":"","wp_timezone_offset":"-18000","the_id":"2297302","is_singular":"1"}; var advanced_ads_responsive = {"reload_on_resize":"0"}; /* ]]> */ </script> <script type="text/javascript" id="advadsTrackingScript-js-extra"> /* <![CDATA[ */ var advadsTracking = {"impressionActionName":"aatrack-records","clickActionName":"aatrack-click","targetClass":"pymnt-target","blogId":"1","frontendPrefix":"pymnt-"}; /* ]]> */ </script> <script type="text/javascript" src="https://www.pymnts.com/_static/??-eJyVzEEKgzAQQNELGYdGqO1CPMuYBJk0mQRn1Ou7aUFwY9ef/2CvxhXWwAo1rTOxAPoN2QVv0IupSwEUCSoQr6nNxG2UBv5jJpRwe9UF3Yd4hrpOidyJ8SQKv/z1xjw8emtf9vm2XTwAih5R4w==" ></script><script type="text/javascript" src="https://stats.wp.com/e-202447.js" id="jetpack-stats-js" data-wp-strategy="defer"></script> <script type="text/javascript" id="jetpack-stats-js-after"> /* <![CDATA[ */ _stq = window._stq || []; _stq.push([ "view", JSON.parse("{\"v\":\"ext\",\"blog\":\"225068944\",\"post\":\"2297302\",\"tz\":\"-5\",\"srv\":\"www.pymnts.com\",\"hp\":\"vip\",\"j\":\"1:13.9.1\"}") ]); _stq.push([ "clickTrackerInit", "225068944", "2297302" ]); /* ]]> */ </script> <script>window.advads_admin_bar_items = [{"title":"PYMNTS MonitorEdge May 2024","type":"ad"},{"title":"Banner ads group","type":"group"},{"title":"PYMNTS MonitorEdge May 2024","type":"ad"},{"title":"Bottom article ads group","type":"group"},{"title":"Citi The Impact of Misunderstood Treasurers in Healthcare November 2024 Ad","type":"ad"},{"title":"Sidebar ads group","type":"group"}];</script><script>window.advads_ajax_queries = [{"id":"bottom-of-article","method":"placement","params":{"cache-busting":"auto","pro_minimum_length":"200","previous_method":"placement","previous_id":"bottom-of-article","post":"r0","url_parameter":"\/loans\/2024\/main-street-lending-program-borrowers-challenged-high-interest-rates\/","placement_type":"post_bottom","output":{"class":["pymnt-bottom-of-article"],"placement_id":"bottom-of-article"}},"elementid":"pymnt-938532da859a1d9d95bc477276ba66af","blog_id":1}]; window.advads_has_ads = [["2020540","ad","PYMNTS MonitorEdge May 2024","off"],["2020540","ad","PYMNTS MonitorEdge May 2024","off"],["2296649","ad","Citi The Impact of Misunderstood Treasurers in Healthcare November 2024 Ad","off"]]; window.advads_ajax_queries_args = {"r0":{"id":2297302,"author":"1","post_type":"post"}}; ( window.advanced_ads_ready || jQuery( document ).ready ).call( null, function() {if ( !window.advanced_ads_pro ) {console.log("Advanced Ads Pro: cache-busting can not be initialized");} });</script><script>!function(){window.advanced_ads_ready_queue=window.advanced_ads_ready_queue||[],advanced_ads_ready_queue.push=window.advanced_ads_ready;for(var d=0,a=advanced_ads_ready_queue.length;d<a;d++)advanced_ads_ready(advanced_ads_ready_queue[d])}();</script><script id="webpushr-script"> (function(w,d, s, id) {w.webpushr=w.webpushr||function(){(w.webpushr.q=w.webpushr.q||[]).push(arguments)};var js, fjs = d.getElementsByTagName(s)[0];js = d.createElement(s); js.async=1; js.id = id;js.src = "https://cdn.webpushr.com/app.min.js"; d.body.appendChild(js);}(window,document, 'script', 'webpushr-jssdk')); webpushr('setup',{'key':'BMzcFf1fR52znWSoBe3xcJO01lfIbaiaDprMl3loXvqa0yVwjT_xXSuRvMDUzFmI3-4ySQVgdcv9XPSURrxYktI','sw':'https://www.pymnts.com/wp-content/plugins/webpushr-web-push-notifications/sdk_files/webpushr-sw.js.php'}); </script> <script id="pymnt-tracking">var advads_tracking_ads = {"1":[2020540,2020540,2296649]};var advads_tracking_urls = {"1":"https:\/\/www.pymnts.com\/wp-admin\/admin-ajax.php"};var advads_tracking_methods = {"1":"frontend"};var advads_tracking_parallel = {"1":false};var advads_tracking_linkbases = {"1":"https:\/\/www.pymnts.com\/linkout\/"};</script>

CINXE.COM

High Interest Rates Affect Main Street Lending Program Borrowers