BACK

Business

Credit cards can provide funding to entrepreneurs

Summary

Credit cards for small businesses help provide funding for entrepreneurs.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

Credit cards are one option for entrepreneurs looking to get their dream businesses off the ground.  Getting money for a business using business credit cards can be an important piece of the puzzle — along with an attractive concept, solid team and a complete business plan.

Business credit cards represent a choice for any entrepreneur looking for funding.  A business credit card is probably the easiest and quickest way to get business funding, although experts warn that just because it’s the easiest choice doesn’t mean it’s the wisest choice.

They explain that business credit cards offer generous credit lines, possibly $50,000 or more.  Additionally, many business credit cards will offer a 0 percent interest rate for the first year of purchases — a critical time for many businesses — before payments are due and interest begins to accrue.

Still, future small business owners should keep in mind that credit cards have higher interest rates than other types of loans.  Also, even if you have incorporated your company, almost all credit card companies will insist that you be personally responsible for the debt.

 

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

Credit Card Rate Report Updated: July 8th, 2020
Business
13.91%
Airline
15.48%
Cash Back
16.09%
Reward
15.82%
Student
16.12%

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.