BizSugar.com › Raising Capital › Funding Small Business with Credit Cards

Funding small business with credit cards can be a very bad idea. You probably didn't need this piece in the Los Angeles Times business section to tell you that, right? But credit crunch aside, a study finds the amount of unpaid credit card debt can be a pretty reliable indicator of whether or not your small business will survive. Again, use common sense here. If you need a laptop to conduct your business and use Best Buy credit to get yourself one instead of saving and delaying your business startup for months, this is not the kind of credit that will kill your business. But spending huge amounts on inventory and adding overhead in the form of additional bricks and mortar locations only increases the amount of income you'll need just to pay the bills. Read more...