Making the Best of Your Home Equity Loan

This is a relatively new line of credit that improves on the personal loans. You are granted a loan without being asked what you will do with the money and using your home as a security. We would like to give you some considerations so that you will not find yourself in unnecessary trouble. More »

Opening a Business Checking Account Online - What to Look For

If you are starting a new business or if you have a small business already but are not happy with your checking account, a new business checking account may be in order. It goes without saying that you face a wide range of choices in banks and types of checking accounts. More »

Is Easy to Make Money from Home Based Data Entry Work?

Many people around the world so much knowledge about these devices is not destruction. In his view, mining, extraction of earth resources. Internet technology these days, the data is extracted from new resources. There are many software tools to extract data as are available on the Internet to retrieve specific data from the Web. More »

Secured Business Loans: Give Wings to your Business

Business is nothing but pure economics. If the economy is good, you gain profits and if it is in the reverse direction, you loose money. It is only for those who have the conviction and ideas, can sustain and succeed in a business. Other than these, you need to invest so that you get returns from the market. But if the finances are not available to you, grab a secured business loan. More »

Guide to Secured Loans

These loans work well for funding major financial needs like buying a house, investing in property or business, child\'s higher education, etc. More »


Tag Archives: credit

Let’s Look At Small Business Credit Cards

Let’s Look At Small Business Credit Cards

In today’s economy, small businesses play a crucial role. These days, it is easier than it ever has been to start a new small business. There are all sorts of new businesses popping up all over the United States, from department stores to gas stations. With new businesses on the rise, the owners should be looking into small business credit cards – for numerous reasons.

The best reason to get a small business credit card is for separating your personal finances from any business related finances. Once you have a small business credit card, you can start making all of your purchases via Internet, phone, or in person. Business credit cards are accepted virtually everywhere, which is great for those who want instrumentation or supplies in a hurry.

If you own a small business, you’ve believably experimented with using your personal cash for company purposes. This can get ugly in a hurry, which is why you should invest in a credit card for your small business. You can make purchases without having to worry about cash, and then pay it backward later. You won’t require to keep track of everything either – as you statement will be mailed to you at the end of the month, letting you know exactly how much you spent.

A small business credit card is also a great way to build some credibility with your business as well. When you pay with your credit card, it looks a lot more professional than using cash to make your purchases. It will gain the respect of financial companies, and aid your business build some credit as well. After you have had a credit card in good standing for a few months, you’ll be able to apply for a small business loan and get the best rates – along with the higher amounts.

Even while your business may not have a 6 figure income or budget, small business credit cards can still assistance your business grow and prosper. Credit cards are always great to have, simply for the fact that you never know when you want money. Your office instrumentation may crash and need replacing, or another emergency may come up. When you don’t have a credit card for your business, the financing alone could shatter your daily operations.

Small business credit cards will also give you plenty of rewards as well. Most cards will give you cash aback and certain rewards on just about anything you purchase. From gas to equipment, you can get rewards simply for using your credit card. You can increase your profit margin as well, which is always a great thing. If you have other workers who are authorized to use your credit card, you’ll get more rewards – and much faster as well. This is also easier on your business, as your workers will be able to get what they need, if they want it.

All in all, small business credit cards are always great to have roughly. They will provide your business with rewards and convenience, eliminating the requirement to use cash with each buy you make. These cards will also protect the future of your business, and allow it to grow. If you own a small business, you shouldn’t hesitate to look into these credit cards. Once you have found the best credit card for your company, you shouldn’t hesitate to apply. Credit cards are always great to have roughly – even when your business is just getting started. Before you know it, your small business credit cards will more than pay for themselves.

Uchenna Ani-Okoye is an internet marketing advisor

For further reading please check out: Average Credit Score

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Don’t Let Your Credit Score Get in the Way of Small Business Financing

Don’t Let Your Credit Score Get in the Way of Small Business Financing

As of March 2008, according to Experian, one of the three major U.S. credit bureaus, the average U.S. credit score was 692. An excellent credit score is usually considered 700 or above, and about 40 percent of Americans have credit scores below 700.

Why are these numbers important? In the United States, your credit score holds lots of value. It is a number that helps lenders determine whether or not to provide you with a loan. And if you are granted a loan, your interest rates and the amount of money that is lent, are also very dependent upon your credit score.

But what if you are not interested in receiving a personal loan, rather, a business loan? Does your eligibility still rely on your credit score? Yes, even if applying for a business loan, your credit score remains one of the determining factors for lenders.

These facts, paired with the prevalence of small business owners who do not have excellent credit scores, can turn getting money to finance a small business into a seemingly endless search.

Fortunately, countless small business owners have found their ways out of the business financing maze and into the arms of accessible funds for their small business needs, with a business cash advance.

A small business cash advance can supply you with the money you need to finance your existing small business. Rather than requiring excellent credit and collateral, small business cash advance lenders require a borrower to own a business that has processed credit card sales totaling $ 2,500 to $ 5,000 a month, for at least four to six months.

In addition to being able to fund small business owners that are not eligible to receive bank business loans, small business cash advance lenders are usually able to fund loans much more quickly than the bank. This is because the process is very simple:

Step 1:
Complete a short application for your small business cash advance

Step 2:
Provide your business cash advance company with the requested documentation (this can include a business lease, several months documentation of credit card transactions, etc.)

Step 3:
Await approval (this can happen in as little as two days)

Step 4:
Receive your money (this can happen in as little as seven days)

Having a low credit score no longer has to come between you and small business financing. Choosing a small business cash advance could be the best option for you and your business.

David Castro often writes articles about Small Business Cash Advance and Small Business Loans for Merchant Resources International – To Learn more Visit Us at

Small Business Credit Cards Offer Businesses Crucial Edge

Small Business Credit Cards Offer Businesses Crucial Edge

So, you say you have got a small business and you are looking for a credit instrument that could tailor itself to your business requirements? Well, your search ends here. Small business credit cards fit right in, helping you separate business and personal expenses.

A study by the Tower Group reports that two out of three small businesses use a small business credit
card for purchasing and financing. So why are they so prevalent? Credit cards for small businesses offer business owners a crucial edge allowing them to expand or limit the growth of their business, as needed, providing the flexibility necessary to match their company’s growth needs.

Help with Your Cash Flow: The best use of borrowed finances is to assist with month to month cash flow. Small business credit cards help you get the much needed credit to help your business grow while providing a margin of safety for your cash flow needs.

Maintaining Independent Accounts: Mixing your personal and business transaction accounts could lead to poor money management and potential tax problems. With a small business credit card, you’ll be able to maintain separate accounts on your personal card.

Help Balancing Your Books: This one is thrown in for free. With your card company maintaining an ongoing transaction record, you will have a convenient record of all transaction items that can be reconciled at tax time. Simply have the credit card company provide you an itemized list of all purchases made using their credit card and you’ll have some built-in transparency on all of your spending activities and financial accounts.

Build Your Credit Limit: Small businesses looking to expand need capital. You card provides your business with an opportunity to build your credit limit with consistent use and repayment over time. Access to more capital offers financial muscle to help grow the business, providing larger income opportunities for the small business owner.

Pre-Set Employee Spending Limits: For businesses wanting to keep a tight watch over their finances, these cards usually offer preset spending limits for employees, providing an excellent check and balance system for all your company expenditures.

Take Advantage of Special Offers: The competitive market has forced credit card companies to throw in special discounts and rewards programs. By examining the travel and entertainment requirements of your company, you will be able to grab offers that can help reduce your expenses through the use of reward point systems.

If your existing business partners provide a small business credit card, it is probably a good idea to stick to them as you are more likely to get favorable rates and credit lines with an established credit line. Late payment and other such penalties will have to be borne by the company and not the employee. Therefore, give cards only to employees you absolutely trust and only provide credit limits that are in line with their expenditure requirements. Make sure the card you choose is widely accepted so that it helps meet everyone’s expense item needs.

Small business credit cards are quickly establishing themselves as an efficient way to increase capital and buying power for small businesses. While this calls for responsibility in its management, a small business credit card could go a long way in changing the face of your business for the better.

Robert Alan recommends that you visit for more information on how to use small business credit cards to take control of your business.

Business Credit Cards – Smart Choice For Your Small Business?

Business Credit Cards – Smart Choice For Your Small Business?

Small business credit cards can simplify many aspects of a startup business. However, there are situations that may complicate the application process for a small business credit card, resulting in a large financial burden being placed on the personal finances of the individual who applies for the card, or prevent an established business from taking full advantage of the rewards possible with a business credit card. Although business credit cards are usually the smart choice for any small business, business owners must pay attention to the structure of the business, the business plan itself, and the financial burdens that may result in the event of an early business failure.

In an age of on-line payments and multinational business ventures, many small business owners are finding business credit cards to be a smart choice for simplifying payments, organizing expenses, and expanding the capability and autonomy of employees both locally and abroad. Before diving right in and applying for a small business credit card, however, every responsible business owner should ask himself or herself: is a small business credit card the right choice for my business?

There are several factors that can help determine this, but one of the simplest is how long the company has been in existence. Until a company has been around for at least two years, many banks and credit card companies may be reluctant to draw enough conclusions about the company’s financial responsibility to approve a large line of credit. In cases such as these, whether a business credit card is approved or not will depend on the personal financial and credit history of whatever individual–from business partner to simple employee–actually puts in the application for the card. This may not be a problem in the case of a rock-solid personal finance history, but if there’s any doubt, acquiring a good business credit card may be a trickier proposition.

Another thing to watch out for in the case of a startup small business is the question of personal financial liability. Since Santa Clara County v. Southern Pacific Railroad in 1886, corporations have had the legal status of individuals, except insofar as business credit cards for startup companies are concerned. The first years of any business are the hardest, and in the case of company bankruptcy, any outstanding financial obligations based on a business credit card will be the original applicant’s responsibility to meet. In the case of a large financial obligation, this can be a disaster for personal finance. Of course this is no argument against small business credit cards in all cases–far from it. However, any company interested in setting up a small business credit card would be wise to double-check its business plan and make sure that, in the rare event that the worst occurs, a “Plan B” for paying off the credit balance is firmly in place.

Even established small businesses would do well to examine their financial needs before taking the plunge with a business credit card. In the case of a business which involves a great deal of travel on the part of its employees, a large on-line business component, or a wide variety of expenses that require the business to deal with a number of different suppliers, a small business credit card is virtually essential. However, some small businesses are largely local, largely service-based, or have only a handful of employees authorized to make purchases. In cases like this, the reluctance of a few business credit card providers to allow disputes over billing errors or payments may actually complicate expense reporting and year-end inventories–sometimes a very real problem in the case of small businesses that have expanded far beyond their original business plan or intentions, resulting in a draconian system of purchaser agreements and expense accounts. So the decision to apply for a small business credit card should be made carefully, with defined uses for the card well in place, and a possible light restructuring of the business might even be warranted in order to ensure that payment responsibilities and individual employee purchasing requirements are well-defined in order to avoid possible later problems.

With all of these caveats, are business credit cards ever a good idea? Absolutely: these caveats represent only a few problems, nothing compared to the wealth of tools a good small business credit card can provide for a burgeoning small business. A good business credit card can–and usually does–simplify inventory management and tax reporting, allow employees a greater degree of autonomy on travel, make e-commerce easy, and, depending on “rewards” or travel mileage options, can even directly offset a large share of the expenses for some businesses. So yes, a small business credit card is, in the majority of cases, the smart choice for a small business. But as with all financial matters, care should be taken to determine when that smart choice should be made, or whether the business is structured to take full advantage of it.

For more information on how to contrast and compare business credit cards in order to help secure the best card offer for your business, Robert Alan recommends that you visit

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