Credit Cards Business Financing

YAPPY's picture

Since the credit crunch it's much harder to get new credit cards, but if one has a number of such cards and loan accounts opened earlier, it is still possible to finance your business with use of credit cards and strict cash flow management can give your company some free debt capital ;). I do it, some of my friends do it - I guess it's just a part of the casual business, aight? ;)

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Investalker's picture

I'd say this is a normal

I'd say this is a normal thing in business, especially if you're a smart businessman ;). Nonetheless it got really harder to do such operations since banks put a lot of attention to issue of the credit cards.

Investalker | Thu, 06/24/2010 - 14:30