Sentences with phrase «owners relied on credit cards»

Twenty percent of small business owners relied on credit cards and business earnings to finance their credit needs.

Not exact matches

In addition, the study determined that the last time the small business owners surveyed had needed funds, 62 percent had withdrawn personal savings, 22 percent had used business credit cards, 24 percent had used their personal credit cards and 10 percent had relied on family and friends.

Small business owners who rely on credit cards to finance their operations may find themselves in trouble if their rate climbs.