Launch Your Own Corporate Debt Ceiling Plan - CreditDonkey Identifies Best Business Credit Cards

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With all eyes on current national debt crisis, small business owners are starting to examine their company’s debt and wondering what they would do if in the same situation.

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business owners can help ensure their companies have access to credit when it's needed.

CreditDonkey released their updated list on the best business credit cards, aiming to help small business owners launch their own corporate debt ceiling plan. And that plan will be much easier to implement than what Congress currently faces.

“With the recession of recent years, many small businesses have had difficulties securing small business loans,” said Charles Tran, founder of CreditDonkey. “Even if a small business isn’t currently in need of credit, opening a business credit card is always a smart move. By utilizing a small business credit card, business owners can help ensure their companies have access to credit when it’s needed.”

Tran shares the following business credit card tips that business owners can follow to ensure they have access to the credit their company needs:

  • Open business credit cards to establish your business credit profile. Utilizing a business credit card allows companies to build the positive credit history they will need in order to secure small business loans in the future.
  • Use credit cards responsibly to improve your business credit score. Just as with personal credit, paying bills on time each month is the top way that businesses can build a positive credit score.
  • Utilize online banking for easy tracking of expenses. Many credit card issuers now have extensive online banking tools that allow businesses to track their expenses by merchant category. This helps business owners and accounting teams to identify areas of excessive or unnecessary spending before it gets out of control.
  • Gain access to an additional cash source. Most businesses experience ebbs and flows when it comes to cash flow. A business credit card helps companies during those weeks where there is less revenue so they can continue paying vendors and suppliers instead of forcing business to come to a halt.
  • Eliminate the risk of paying interest on unnecessary funds. One problem with small business loans is that business owners must estimate the amount of funding they need. This can result in companies paying interest on funds that is sitting in their bank accounts. Credit cards eliminate this risk.
  • Taking advantage of cash back rewards to improve the bottom line. While cash back certainly isn’t going to become a major revenue source for businesses, it helps offset costs. There is really no reason not to take advantage of the 1% to 3% cash back offers that are now available through business credit cards.

Small business owners can visit for free comparisons of major credit cards that they can use to help keep their business afloat in these trying times. They can search and compare right on the site, finding the best credit cards for their needs.


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Charles Tran
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