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Funding your business with credit (Part 3)
Filed in archive Bootstrapper Profile by Shawn Hessinger on May 27, 2007
Funding your business with credit (Part 3)
CONTINUED FROM PREVIOUS POST

For example, in a 1998 article the magazine maintained funding with plastic was fine so long as the entrepreneur is careful to:

• Keep business and personal cards separate
Don't use your personal cards to pay for business expenses or you will put your personal credit at risk

• Resist the allure - don't get too many credit cards
Limiting yourself to one or two cards for your business makes tracking spending easier

• Know your credit history
Making sure your credit report is correct and up-to-date could make the difference not only in whether you get the card or not but at what rate.

CONTINUED NEXT POST

Permalink: Funding your business with credit (Part 3)
Tags: funding  startup  small  business  entrepreneur  credit  card  part  credit+part 
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