Tuck Associates Discusses Things to Consider When Starting an Online Business With a Credit Card
The Balance Small Business found that, in 2009, at the height of the Great Recession, 59 percent of small business owners had no choice but to use credit cards as a means of financing their companies. The reason for the use of credit cards by small business owners was that banks had locked most small businesses out of loans at that point. Many business owners have questions and wonder if the practice of using credit cards to finance their enterprise is a good idea. Tuck Associates, a firm that provides solutions to businesses and consumers struggling under heavy debt, has some suggestions for business owners about the use of credit cards to fund their startup. Credit Cards Carry High-Interest Rates Entrepreneur Magazine reminds business owners that credit cards tend to…
