Myths and Realities about The #1 Source of Small Business Financing
Blackwood, NJ (PRWEB) October 17, 2013
A small business owner who hangs around the Business Finance Lounge at all knows that Hawkeye Management talks a lot about business credit card financing and other forms of small business financing solutions. One of the reasons it is an important topic is because access to financing is one of the Top 3 Reasons Why Small Businesses Fail. So whether a small business needs/wants a small business loan or some other kind of working capital you may want to grab our new - and FREE - white paper about credit card financing.
The new whitepaper talks about:
The 6 core benefits that credit card financing offers a small business:
1. Get access to capital
2. Separate personal and business credit
3. Protect, preserve and improve a credit profile as money is borrowed
4. Obtain cash-flow friendly financing
5. Minimize interest expenses
6. Maximize tax benefits
The 3 of the most common myths about credit card financing:
Myth 1- Small businesses shouldn't use credit card financing.
Myth 2- Other means of financing, such as Small Business Administration (SBA) loans, are more desirable.
Myth 3- If a small business owner must use credit card financing, the owner should use personal credit cards so that the business owner can enjoy the protections of the CARD Act.
The 4 steps to using credit card financing the right way:
*Use the right kind of business credit cards.
- Keep credit utilization within acceptable levels.
- Maintain plenty of available credit.
- Treat your credit as an asset.
Business credit cards can be a great way to get low cost financing and protect, preserve, and improve credit profile if obtained and used wisely. Find out The Truth About Credit Cards here.
Hawkeye Management connects entrepreneurs and small business owners with up to $50,000-$150,000 or more in freely spendable business credit lines. Hawkeye Management understands the mechanics and realities of small business credit better than anyone. Hawkeye Management knows what works, what doesn’t work, and how small businesses can get the credit it needs as quickly as possible.