Q2 2023: Credit’s Key Role in SMBs’ Plans

Nearly Half of Main Street SMBs Shopping for More Credit

48% of Main Street SMBs are looking to expand their use of financing options to keep their doors open or grow, according to PYMNTS’ latest study of 514 businesses, “Main Street Health Q2 2023: Credit’s Key Role in SMBs’ Plans,” a collaboration with Enigma.

Inside the June Report
  • 63%: Increase in the share of SMBs planning to use business credit cards compared to those that have access today
  • 40%: Share of SMBs that are most likely to use business credit cards in the next 12 months
  • 31%: Share of Main Street SMBs that will not seek financing in the next 12 months

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