Should You Finance Your Startup With a Credit Card? | businessnewsdaily.com


When starting a business, you might consider financing your startup with a credit card. What are the advantages and drawbacks?

  • When used correctly, credit cards can be useful financing tools for your small business.
  • Pros of credit card borrowing include maintaining control over equity, accessing inexpensive capital and avoiding collateral.
  • Cons of borrowing include potential for merged expenses, credit damage, liability issues, insufficient funding and qualification challenges.
  • This article is for entrepreneurs who are considering using credit cards to cover some of their startup costs.

Read More

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s