Small-business credit card use creates jobs both directly and indirectly, giving businesses a beneficial financial “cushion” against cash shortages, a new study finds.
The increase in small-business credit card use from 2003 to 2008 “contributed directly to the creation of 592,000 small business jobs and an additional one million direct or induced jobs throughout the U.S. economy,” according to the report, which was conducted for the American Bankers Association by Keybridge Research, an international economics and public policy consulting firm. The total beneficial impact: 1.6 million jobs.
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