Plastic Players

Who's In Charge

  • 47 percent of small and midsized businesses used credit cards for financing in 1998, compared to 34 percent in 1997.
  • 43 percent say they'll continue to use credit cards in 1999.
  • 38 percent of small and midsized businesses paid their balances in full each month in 1998, compared to 59 percent in 1997.
  • 18 percent of companies surveyed have two or three cards; 5 percent have more than four cards.
  • 49 percent of businesses with fewer than 20 employees use cards "often," compared to 27 percent of businesses with more than 20 employees.

(Source: survey of small and mid-sized businesses, conducted by Arthur Andersen's Enterprise Group and National Small Business United)

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This article was originally published in the May 1999 print edition of Entrepreneur with the headline: Plastic Players.

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