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Data for today’s episode is provided by Mercator Advisory Group’s report — Payment Cards and B2B Payments: Riding a Wave of Positivity.
What percentage of small business owners express concern over cash flow?
- 46% of small business owners express at lease some concern over cash flow
- The highest proportion, 38%, cite concerns ‘one or two times a year’
- Only about 7% of small business owners express concerns about cash flow every month
- Overall, small businesses are optimistic about revenue growth – 73% expect to grow
- The highest projected growth is for those small businesses with 50-99 employees: 87%
- Small business owners seem content with their lines of credit. Desire does not outpace availability
- About one-quarter of small businesses have a loan with an alternative lender
About the report
Mercator Advisory Group’s new Insight Summary Report, Payment Cards and B2B Payments: Riding a Wave of Positivity, reveals that U.S. small businesses are largely positive about the prospects for the future of their respective firms with regard to revenues, profitability, and employment. The report is the first of three from Mercator’s annual Small Business Payments and Banking Survey Series, a part of Mercator’s Primary Data Service. It is based on findings from Mercator Advisory Group’s online survey of 2,002 U.S. small businesses fielded in March and April 2019.
The survey’s charts show the primary payment methods used by type, and they reveal attitudes toward cash flow and line of credit. The findings include small businesses’ criteria for choosing a new credit card for the business, which differ by size of firm and indicate the average number of cards held per company.