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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    Enigma Main Street Health Report Series

    Q4 2023: eCommerce Protects Main Street SMBs’ Bottom Line in a Cooling Market
    Q3 2023: Leading Payment Processors Satisfy SMBs, but Less Popular Providers Are Vulnerable
    Q1 2023: Using Finance to Ease Recession Fears