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…
Ease Your Business Expenses with a Smart Business Credit Card
For small businesses with tight profit margins, managing their expenses with a strong check on expenses is essential. However, expense management can take up a lot of time that could have been otherwise spent on essential business activities. Business credit cards for startups & SMEs can help these businesses in keeping a tight control on…
Why do you need to be smarter about managing your business expenses?
Many start-up business owners constantly work to achieve their goals and grow their businesses. When you have a lot on your plate, it is challenging to stay on top of your day-to-day financial responsibilities, and you may make poor financial decisions. Knowing the accurate financial position of your business for your business’s stability, survival, and…
Business Credit Cards: How do they help SMEs manage their cash flows?
When it comes to business financial management, it is commonly believed that cash is king! Whether your business is currently experiencing a financial crisis or not, successfully managing your business’s cash flows is critical, and for many, it is the only way to keep their business from closing down. If you find yourself in a…
Key Differences Between Corporate & Business Credit Cards
Business and corporate credit cards are excellent short-term business financing options. They not only provide companies – and their employees – with quick access to capital, but they also usually provide rewards programs, perks, and other benefits such as expense management tools. However, each of these cards has its own set of requirements. Understanding the…
When Should You Apply for a Business Credit Card
Most small and medium enterprise (SME) owners start needing external financial resources during the initial stages of their business. They may need anything from a personal computer to specialized machinery to help them grow. However, getting access to credit as a new business can be incredibly challenging. According to a recent survey by Tradeindia, 83%…
