Small business owners have tapped personal funds to stay afloat

Roughly 35% of small-business owners in a survey 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, according to a new survey from CreditCards.com. Other sources serving as a lifeline included business credit cards or a business savings account, and loans (including through the Paycheck Protection Program, or PPP).

Altogether, 70% in the survey said they have leaned on one or more of those sources to remain in business since the coronavirus pandemic began.

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