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> Business Financing With Credit Cards Is Feasible!
Roskana
post Feb 16 2011, 04:25 AM
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It is however imperative to understand than neither Master or Visa Credit Cards have been designed for this purpose and thus they don't provide a suitable solution for business financing on a long term basis. And though they can provide an acceptable replacement if no other choice is available they are only a temporary solution.

The use of credit cards for financing a business should be replaced as soon as possible for traditional financial options like loans or lines of credit or new financing programs like leasing arrangements. Once the company has started earning enough money to cover the costs of production and other expenses, credit card financing should cease immediately.


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ColemanA22
post Aug 9 2011, 12:28 PM
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Business financing with credit cards is definitely possible, but I wouldn't say that it is feasible. I don't think it's a good idea to finance something long term with a credit card. The interest rates can definitely affect your credit, where credit relief may become necessary. I would go through a bank to finance something long term.
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PenelopeS
post Mar 1 2012, 08:30 AM
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Using a personal credit card for financing a start-up business means taking on a significant amount of risk. Yet you donít have business credit yet, so you canít qualify for a business credit card which gives you some protection. If you canít get a bank loan, which is unlikely for a start-up, and you canít get investor funding, what other choice do you have? Itís best to use your own personal savings or funding from family or friends if you can. If those sources arenít available and you think you have a really hot idea for a start-up business, then you may have no choice but to turn to easy short term loans online or personal credit card financing. You're pretty much on your own when you're using credit cards--especially if they are personal rather than business credit cards. And that lack of impartial oversight could lead you down a one-way road to business failure.
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patsyruss
post Oct 11 2012, 06:39 AM
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Finding the right solution to finance a business has always been a challenge for owners. Most are only aware of conventional products, such as business loans or lines of credit, that are offered by financial institutions.


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russellester
post Dec 16 2012, 01:39 PM
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Business financing is an essential service that benefits both start up companies as well as established entities needing help. Small, as well as medium, as well as big companies can benefit from this service.


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BraydenThort
post Mar 5 2013, 07:11 AM
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Definitely yes, business financial is feasible with credit cards in this business economy. If you want to start up a new business and own a credit card, then you can get the credit loans on your credit cards for your business financing.


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