Nowadays, there are already a lot of sources where small business owners can finance their business. One most popular but really difficult to achieve is capital from Angel investors, we also have small business loans and now we have bootstrapping. One way to bootstrap is get from personal funds, borrow from family members or friends and also credit cards.
Well, I just found this news article from Business Week about the use of credit cards in financing small business and reading the whole article really ranged the bell for me. Why? Because this news exposed to as a certain credit card company who will surprise you later on with their 30% interest rate. Woooh! That was too much.
As commercial loans become harder to find, small business owners give in to aggressive credit card marketers and get slammed with 30% interest rates. You must read the whole story of this news and it's for you to judge it.
Read more on Credit Cards Replace Small Business Loans.
Well, I just found this news article from Business Week about the use of credit cards in financing small business and reading the whole article really ranged the bell for me. Why? Because this news exposed to as a certain credit card company who will surprise you later on with their 30% interest rate. Woooh! That was too much.
As commercial loans become harder to find, small business owners give in to aggressive credit card marketers and get slammed with 30% interest rates. You must read the whole story of this news and it's for you to judge it.
Read more on Credit Cards Replace Small Business Loans.
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