You know the story, you’ve banked with the same bank for years, they have made a lot of money off your business, they smile a lot, and they even have free lollipops at the counter. And then the economy turns, and you need a line increase or a small loan to weather the storm, or a small cash injection to start a new line or launch a new product.
All in a sudden the bank has short term memory, all the good times spent together when your business was flourishing don’t seem to exist anymore, and their saying NO hurts.
But did you know that there are many very successful businesses that were started with credit cards because nobody else would finance them? Ask Michael Dell, from Dell Computers, he had to rely on credit cards to get things started.
BusinessWeek has published a good piece about this underlying and growing phenomena (see article: Credit Cards Replace Small Business Loans).
The Advanta Business MasterCard gets the Entrepreneur in you, and can offer:
- 0% APR on purchases for 12 months
- 0% on Balance transfers for 12 months
- Up to $ 50,000 credit line
- No Annual Fee
- $0 Fraud Liability
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Photo Credits: Running a Business by McPig (cc)
