- Half of millennial owned SMBs don’t use a business credit card, but: those that do (45%) use business credit twice as regularly than norm. (24%)
- 44% of millennial owners report cash flow delays vs 35% older owners
- Millennial SMB owners are twice as likely to use a non-bank lender 49% of millennial owners co-mingle personal funds with business funds vs. 36% avg.
Data for this episode of Truth In Data provided by Mercator Advisory Group’s report – Business Credit Cards and B2B Payments: Opportunity to Improve Market Penetration
About this report
In spring 2018, Mercator Advisory Group fielded its third annual web-based survey of U.S. small businesses (between $500,000 and $10 million annual sales) regarding payment acceptance, business-to-business, or B2B,-payments and use of banking services and alternative lenders. Business Credit Cards and B2B Payments: Opportunity to Improve Market Penetration is the second of three reports summarizing the results of the 2018 Small Business Payments and Banking Survey.
In spring 2018, Mercator Advisory Group fielded its third annual web-based survey of U.S. small businesses (between $500,000 and $10 million annual sales) regarding payment acceptance, business-to-business, or B2B,-payments and use of banking services and alternative lenders.
