How Main Street Businesses Use Financial Services
As part of the 7th Annual Capital Markets Summit, CCMC released data detailing how non-financials use the capital markets. We interviewed and surveyed more than 200 corporate treasurers and CFOs.
- Choice & Diversity Are Paramount: 95% of Main Street businesses surveyed use 5 or more financial services.
- Choice + Diversity = Flexibility: They use multiple institutions of different sizes to meet their needs. Among Main Street businesses that issue debt, 84% use global institutions, 34% use national institutions and 21% use a regional/ local bank.
- Ineffective Regulations = Reduced Choices And Increased Costs: More Main Street businesses say Dodd-Frank is reducing choice, rather than creating more choice.
- As A Result, Main Street Businesses Tend To Favor Trends & Policies That Preserve Choice