Business card use rises in 2013
By Juan Rodriguez and Laura Mohammad
Credit card use in 2013 for small businesses was up, owners reported to the National Small Business Association.
In its 2013 Year-End Economic Report, the association's survey found credit cards were used for financing in 2013 by 33 percent of those polled, up from 31 percent in 2012.
In the study, 41 percent of small-business owners polled said bank loans were their leading type of financing used in 2013, down from 45 percent in 2012. The 2013 bank-loan numbers included large banks, which made up 20 percent of financing used; community banks at 19 percent; and credit unions at 3 percent.
The online poll was conducted from Jan. 6-24, 2014, and included 1,395 small-business owners. Both members and nonmembers of the group participated, and they came from multiple states and business sectors.
To use the graphic on your site, use the following code:
Published: March 31, 2014
- Digital wallets: Merchants to pave the way for consumer acceptance – Despite security concerns, more Americans are willing to use digital wallets, if merchants oblige ...
- Infographic: Debit, credit cards still killing off checks – The Fed’s 2015 shows checks account for only 12 percent of U.S. noncash transactions compared to 16 percent in 2012 ...
- Infographic: The growing ways we e-pay – More and more Americans are discovering how handy e-payments can be ...