2009 Small Business Credit Card Survey

The NSBA 2009 Small Business Credit Card Survey provides a detailed view of how small businesses are utilizing their credit cards, how their credit-card companies are treating them, and the impacts of deteriorating credit-card terms on their business. Additionally, the survey provides valuable trending data from NSBA's 2008 Economic Reports.

Small business credit-card usage is on the rise. When asked in December 2008, 49 percent reported using credit cards in the past 12 months to finance their firms. In late- April, however, that number jumped to 59 percent. This increase is occurring despite a rise in the number of small businesses reporting worsening credit-card terms. Asked to evaluate their credit-card terms over the last five years, 79 percent reported worsening terms—up from 69 percent in December 2008. Even more eye-opening: when asked if their credit-card terms had worsened in the last six months, a whopping 75 percent reported that they had.
Source of this article: 2009 Small Business Credit Card Survey