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GreatFX Business CardsSmall Business Buzz › How NOT to Fund a Business

Small Business Buzz
A doubleshot of business news espresso with extra froth
How NOT to Fund a Business

How many of you have used a credit card for a business expense? With credit card companies aggressively offering easy approval with sizable credit limits it’s understandable why many people do this.

Banks put small business owners through the wringer before lending money. … if the banks want to lend responsibly, look at it from your own point of view: why would you want to borrow irresponsibly? Because that’s exactly what using your personal credit card can be.

Bottom line: be responsible and use the credit card(s) sparingly. Your business will be much stronger, and you will be much happier.

Source:
ShropshireStar.com (U.K.)

Related Buzz Posts:
How to Improve Your Credit Score
IRS Payments by Credit Card
Funding Options for Small Business
A Little Relief from High Gas Prices on the Horizon

By Chris Brunner
Monday, December 7th, 2009 @ 6:02 PM CDT

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