1.3 million businesses maintain membership in MerchantCircle, a social network that helps company owners connect with prospective customers. Nearly 10,000 of the network's members participated in the Q2 Merchant Confidence Index survey, with 90% of respondents classifying themselves primarily as brick-and-mortar businesses. Many small business credit cards require cardholders to make personal guarantees on balances, tying company borrowing to the personal credit scores of owners and investors.
About the Author
Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.