Lendzero makes things easier. We have reduced the complexity to obtaining business funding, click, learn and then Compare Funding Options. You are not alone, our advisors will advise you on the best options.
Line of credit. This allows you to deal with cash flow peaks and troughs.
Potentially higher credit limit. It’s typically larger than that offered with a consumer credit card.
Possible sign-up bonus. As credit card companies look for new business, they could extend this bonus and monthly cashback bonuses when you continue to spend.
Extra cards for employees. These may come with individual credit limits, and you can authorize certain employees to make some purchases for the business.
Rewards. Some providers will give you points or bonuses, especially if you use the card for business travel.
Longer interest-free period. Some issuers can offer extended periods of interest-free financing than you would typically get with a personal credit card.
Cons:
High interest rates or fees. If you carry a significant balance monthly, you could pay a lot in interest charges.
Lower levels of protection. The CARD Act may not protect these accounts.
Accountability. In most cases the business owner is still personally responsible for the debt incurred. As such, poor management could affect your personal credit history.
