Credit Cards: The purpose of your loan should always dictate financing; short-term need and short-term financing vs. long-term need and long-term debt. (+) For short term seasonal needs, a credit card offers fast cash, convenience, and a financial cushion. (-) Credit cards will generally have higher interest rates than bank loans or lines of credit, making it more expensive to borrow. Note: Assure that your business source of income is used to pay the credit card down as soon as possible. Resources: Business credit card reviews and comparisons, NerdWallet, SBA determining your financing needs.
Posted on: Tue, 20 May 2014 15:05:25 +0000
Trending Topics
Recently Viewed Topics
© 2015