Credit Card Financing
Administrator
This is not advisable — unless in an emergency. Credit card financing is risky, and expensive.
In business, it is always possible to work so that you can get a little cash discount in lieu of using your credit card, and in today’s competitive world, a few percentage counts a lot!
44% of businesses rely on credit cards for financing | IT Facts | ZDNet.com
Share of businesses using credit cards has jumped from 16% in 1993 to 44% today, according to National Small Business Association. The proportion using bank loans dropped from 45% to 28%. A Federal Reserve survey showed that share of firms using business credit cards jumped from 34% in 1998 to 48% in 2003.
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