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What Business Credit Card Is Right For You?

June 9th, 2008

Gerri, our resident business credit eXpert, was quoted today in the Wall Street Journal in a small business financing article: Pick The Right Credit Card For Your Business. Of course I’m biased, but I think Gerri’s insight was the most important in the entire article:

“Business owners should use credit cards that report to business credit agencies, such as Dun & Bradstreet or Experian’s business bureau, instead of the personal-credit bureaus. Reason being, you don’t want the business’s financial woes or big expenses to ding your personal credit rating.”

Rewards are great (personally, I’m a total points addict); however, the most important part of a business credit card is the ghost guarantee that they provide you as a business owner – which can serve to protect your personal credit from being dragged down by your business activities. I gave my two cents on the subject in a previous post regarding the importance of business credit cards.

Every day we help clients find the right business credit card; preferably one that reports to the bureaus and we help them prepare to qualify. The worst mistake you can make is to aimlessly apply to credit cards when you don’t know in advance that you have a strong chance of being approved.

Thanks for a great contribution on the topic, Gerri.

One Response to “What Business Credit Card Is Right For You?”

1. Cal Says:
   March 2nd, 2010 at 8:28 pm

   Have a establised business? Need additional working capital in a short time? Look no further than HomeCoast Capital.

   We specialize in Asset based lending, factoring , equipment leasing, commerical lending, and Capital Market Development.

   Over 25 years of industry experience in designing customized capital solutions for companies just like yours.

   We do not care how long you have been in business—if you can provide us a valid invoice for a product or service, we will finance it.

   We have flexible financing programs, allowing you to combine receivables financing with equipment, real estate, and inventory financing as your individual needs dictate.

   Unlike banks, we offer a non-traditional perspective on financing approval.

   We have in-house underwriting, allowing for fast approvals.

   We make our own credit decisions.

   The bulk of the underwriting is done on your debtors and your equipment, not picking apart your financials.

   No hidden costs or fees. We disclose all of our fees up front so you know exactly what to expect.

   For more information please contact:

   Cal Drummond
   Financial Service Executive
   Cdrummond@homecoastcapital.com
   800-763-3021 ex. 172

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