For a startup owner, a business credit card for startups & SMEs may be more than just an easy way to pay for their business-specific expenses. These cards can also help smoothen the cash flow, establish a good business credit score and provide highly lucrative rewards. According to a recent report, over two-thirds of startups…
Business’s Best Friend: SME Credit Card | founderscard
Challenges are a part and parcel of a business and one such challenge is maintaining the cash flow. Cash is the lifeline of a business. With its absence, one cannot function. That’s when SME Credit Card comes into the picture. To pull your business out of trouble, it helps you in making transactions that are…
How to apply for an SME loan in India
Small and medium enterprises (SMEs) make up over 95% of all businesses in India, surpassing large businesses in manufacturing output and employment generation. However, when it comes to accessing funds to survive and grow their business, SME owners face a lot of difficulties. According to a 2021 survey by TradeIndia, despite several measures by the…
5 ways to protect your business credit score during a crisis
Between uneven cash flows and concerns about meeting break-even, economic crises like the Covid-19 pandemic (also called the Great Lockdown) and the 2008 global financial crisis were highly stressful for business owners. According to a survey of 4,500 businesses in 45+ countries by the International Labour Organization, over 60% of businesses did not have sufficient…
5 Tips of using founderscard in a better way!
A business credit card is a highly convenient way for you to access business credit. No matter the size of your business, you stand to get great benefits from having one. However, after getting a business credit card, the onus lies on you as to how you make use of it. According to a report,…
How-To: Get Your First Business Credit Card
If you want business credit for your new business, you generally need to wait for a long time to establish a credit history to get a loan. However, this isn’t the case for business credit cards. A business credit card is targeted at startups and SMEs. It aims to provide the needed credit for businesses…
Why do start-ups and SMEs need a business credit card?
Running a start-up is a serious business. It needs a steady cash inflow to keep the business going on a day-to-day basis. Business credit cards can be of great help as the banks are quite reluctant to provide loans to SMEs due to their inaccurate credit history. The business credit card provides specially tailored perks…
Ways to Improve Your Business Credit Score:
Having a good business credit score takes you halfway through the process of business loan approval. Most lenders consider your credit score as one of the deciding factors for loan approvals. Businesses can request credit bureaus to get their credit information and credit scores. Credit scores vary from 300 to 900, with a score of…
5 Ways Credit Cards Can Benefit You, Your Business, and Your Bottom Line
Business credit cards are the same as personal credit cards with the only difference in their targeted users and the underwriting process. Business credit cards are mainly intended for business expense management of entrepreneurs, business owners, and freelancers and usually offer higher credit limits as compared to personal credit cards. If used correctly, these cards…
