Credit Card Finance – Small Business Finance
Credit Card Finance
A surprisingly large number of small businesses use their credit cards for short term finance, despite the high rates of interest involved. Most business credit cards work in the same way as personal credit cards, only with yearly fees and the option to provide other employees with their own cards for expenses etc.
Advantages of Credit Card Finance
Flexibility – You can use it to pay for items and invoices as required, and providing you meet the minimum payments you can pay it off when you have the money. (Although you should never let credit card bills build up)
Quick – If you have the credit limit you can access the money almost instantly.
Disadvantages of Credit Card Finance
Cost – The interest rate of credit cards will be much higher than a loan and possibly even an overdraft; withdr awing c ash from a credit card will incur even higher interest. If you do not pay off the bills entirely, the interest can quickly add up.
Is my business eligible for Ashley Retail Finance?
You can get up to £25k from your future credit card sales. You can use the the cash for any business need whether that is working capital, opening additional locations, refurbishment of premises, equipment purchases, marketing and advertising, additional stock purchase, VAT, PAYE, rent, wages or any other business need you may have. Take a look
Using Credit Cards for Business FinanceArticle Index
- An Introduction to Small Business Finance - Factoring, Invoice Discounting, Invoice Finance
- Banking and Overdrafts - Small Business Finance
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3. Credit Card Finance
4. Grant Finance - Small Business Finance
5. Small Firms Loan Guarantee - Small Business Finance - now called Enterprise Finance Guarantee
6. Finance From Outside Investors - Small Business Finance
- Related Articles
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- Credit Card Finance - Advantages, Disadvantages and Tips
- Finance From Family and Friends - Small Business Finance
- Small Firms Loan Guarantee - Small Business Finance - now called Enterprise Finance Guarantee
- Leasing Finance - Small Business Finance
- Finance From Outside Investors - Small Business Finance
