Business · April 29, 2024

Using credit cards to fund your business can be a viable option, but it requires careful consideration and strategic management. In this article, we delve into the essentials of using both business and personal credit cards for business financing. Business credit cards offer benefits like higher limits and rewards, and they can help build your business credit without impacting your personal credit score. However, they also come with risks such as higher interest rates and the potential for perso

Business · April 08, 2024

Starting or expanding a small business brings critical financial decisions, notably choosing between a business line of credit and a bank loan. Each option serves different needs: lines of credit offer flexibility and repeated access to funds, ideal for managing cash flow or unexpected expenses, but often come with higher interest rates. On the other hand, bank loans provide a lump sum with lower interest rates, suitable for significant, one-time investments but lack borrowing flexibility.