27% of small businesses relied on credit cards for operations in 2024

New research by Intuit Quickbooks has found that 27% of small businesses relied on credit cards for operations in 2024, with 33% charging over 25% of their monthly expenses. Intuit Quickbooks says that this trend highlights a deeper issue of restricted access to affordable traditional financing, as banks become more selective in lending. In addition,…

Read more

Over half of SMEs reliant on credit cards to support their businesses

A new report commissioned by Grenke UK has found that over half the UK’s SMEs are relying on credit cards to support their businesses day-to-day. These findings highlight how credit cards are increasingly becoming the go-to quick fix solution despite carrying drawbacks and being a less efficient form of financing for SMEs. The survey of…

Read more