Wednesday, February 10, 2016

Start up business credit cards



 
Want to start a new business? And, worried about your startup financing? Unfortunately, if you are a startup, banks generally won’t give you a loan to finance your new business. But don’t be disappointed because there have many other way to finance your business, Credit card is one of them.

Many people using credit cards to borrow money for startup business. Because it is a cost saving way of financing your startup. National Small Business Association found that 37 % people are using start up business credit cards to finance their new business.

Here are few reasons why credit card becoming popular for startup financing.


  1. Credit cards average rates is 16 %. Which is very cost-effective way to get loan.
  2. Some credit cards let you earn $500+ cashback just by signing up for your card and make a certain amount of purchases on it in the first few months.
  3.  Having good business credit can help you qualify for additional business financing at low rates.


1 comment:

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