2021 Small Business PaymentsInsights: Business Operations – In the Midst of a Pandemic
- Date:September 22, 2021
- Nicholas Bisconti
- Research Topic(s):
- Small Business PaymentsInsights
- PAID CONTENT
Small Business Demonstrate Resilience
Small businesses have been greatly affected by the coronavirus. Collectively, they are a essential part of the economy. The economic impact not only affects the business but echoes out to the community and others.
Mercator Advisory Group’s most recent report, 2021 Small Business PaymentsInsights: Business Operations – In the Midst of a Pandemic, from its annual PaymentsInsights series, examines all aspects of the small business experience, including the management of business operations, tapping into critical resources as channels of support, and building relationships with financial institutions.
The report is based on an online survey administered between June 9th and July 16, 2021, across 2,007 U.S. Small Businesses with 2020 annual revenue between $100K and $10 million. The report also provides insight into how they bank and pay for goods and services, their banking relationships, view of technology, and their top business concerns.
“Although small businesses have been hit hard by the pandemic, they continue to demonstrate resilience in the face of what at times seems to be impossible odds. Concerns about cash flow continue to exist. Many, who lack personal financing to help run their businesses, take advantage of loan programs and other credit options to survive yet keep an optimistic outlook as they align their business operations with their support team of banks and financial advisors.”- Amy Dunckelmann, Vice President, Research Operations, Mercator Advisory Group.
This report is 78 pages in length and contains 47 exhibits.
One of the exhibits included in this report:
Highlights of this research report include:
- Managing Cash Flow
- COVID-19 Loan Programs
- Looking to the Future – Post Pandemic
- Business Operations
- Choosing a FI (Bank)
- Business Credit
- Deposit and Loan Services
- Installment Loans
- Accounts Payable / Receivable
- Payroll Services
Interested In This Report
2022 Small Business PaymentsInsights: Exhibit
Mercator Advisory Group’s most recent report from its annual PaymentsInsights series, examines all aspects of the small business experience, including the management of business op...
2022 Small Business PaymentsInsights: Small Business Trends in Payments
Ongoing shifts in digitalization and payments technology are driving changes in consumer behavior that are ultimately affecting the way small businesses accept and process payments...
2021 Small Business PaymentsInsights: Consumer Purchasing Options
Mercator Advisory Group’s latest survey shows that small businesses continue to maintain flexibility in their payment acceptance practices. In fact, listening to consumer demands f...