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55% of SMB Owners Use Personal Credit Card
Much like community banks, small businesses have unique needs. Results from a recent small business survey reported that 55% of small business owners used a personal credit card for their business expenses.
Offering a business-specific credit card product suite, like this one, can help strengthen businesses and your relationship with the owners.
Using a business credit card helps owners:
- Build efficiencies, streamline expense reports, accelerate reimbursement, and protect against fraud
- Earn rewards from everyday purchases that can be used toward future business expenses, such as office supplies, software, team events, and more
- Establish credit to help companies grow and keep personal and work-related expenses separate
A credit card partnership with Elan opens your business-owning customers to a suite of products designed for business of all sizes, nonprofits, and municipalities. Each offer special rates, rewards, and reporting to ensure their business can grow.
To learn more about our program, products, and all-in-one merchant processing platform talech®, complete the form below.
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If you are interested in learning how Elan can help build your credit card program, we'd love to hear from you.