- 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.