NEW YORK—Approximately 35% of small business owners said they’ve needed to tap their own funds—via a personal credit card and/or savings, for example—to help prop up their business in the months since the coronavirus whacked the U.S. economy, a new survey from CreditCards.com has found.
Other sources serving as a lifeline included business credit cards or a business savings account, and loans—including through the Paycheck Protection Program.
Altogether, 70% of those surveyed said they have leaned on one or more of those sources to remain in business since the coronavirus pandemic began, CNBC stated in its analysis.