Credit-card companies targeting small businesses

Credit-card companies targeting small businesses - http://online.wsj.com Avatar Posted by TimJustus under Raising Capital
From http://online.wsj.com 4660 days ago
Made Hot by: on August 18, 2008 3:55 pm
Small business is becoming big business for credit-card issuers.

With the consumer market saturated, card issuers and banks are expanding their credit-card offerings for small businesses in a bid to get in on what they see as an untapped market. Estimates vary, but American Express says only about 14% of the more than $2 trillion small businesses spend annually is done with plastic. In addition, businesses generally charge much more than consumers do.

That means more choices for small-business owners who are looking for additional capital. While the conventional mind-set is that credit-card debt is bad debt, it is often much easier and faster for start-ups to open a credit-card account than to secure a line of credit from a bank.





Comments


Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!