- 91% of SMBs will assign a business credit card to an employee
- 75% of business cards accrue rewards for the company vs. holder
- 36% of SMBs co-mingle personal funds with business funds
- Even large SMBs w. $5-10mm in assets co-mingle (31%)
- Millennial SMB owners are especially likely to co-mingle (49%)
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.
Summary
Title
What Percent of SMBs Assign Credit Cards to Employees?
Description
Mercator Advisory Group takes a look at what percent of SMBs assign Credit Cards to Employees
