Payday Pundit

The credit crunch has forced businesses such as restaurants to reach for their credit cards.  From the article: 

As bank lending tightens and the economy worsens, 54 percent of small businesses have some type of business loan and are using credit cards as one of their primary sources of leveraging those loans, according to the 2008 Small and Mid-Sized Business Survey from the National Small Business Association.

Additionally, 44 percent of small businesses have used a credit card in the past year to help finance their capital needs. That figure was only 16 percent in 1993.