| Small business plays a vital role in today's | | | | business can build credit. So when you need |
| economy. It is now easier than ever to | | | | that business loan, you will get the best |
| establish a new business. According to the | | | | interest rate and qualify for higher amounts. |
| US Small Business Administration, small | | | | As your credit builds you might also qualify |
| businesses pay over 45% of the US private | | | | for a lower interest business credit card. |
| payroll. Small businesses also employ over | | | | |
| half of all private sector employees and | | | | So even if your business doesn't have a 6 |
| provide 60-80 percent of new jobs over the | | | | figure budget, a business credit card could |
| past 10 years. With about 28.5 million small | | | | help your business grow. You never know when |
| businesses in the US alone in 2005, virtually | | | | your business might suddenly need extra |
| all financial institutions now offer small | | | | money. Office equipment might need immediate |
| business loans to qualifiers for a | | | | replacement. Without a business credit card, |
| percentage. So why apply for a small business | | | | financing could drastically interfere with |
| credit card? | | | | your daily routine. |
| | | | |
| Keep Track of All Your Small Business | | | | Earn Rewards with a Business Credit Card |
| Expenses | | | | |
| | | | You can also save money and earn rewards. |
| The first and most obvious reason for a small | | | | Certain business credit cards give you cash |
| business credit card is to separate personal | | | | back on all your purchases. Other cards give |
| finances from business related purchases. | | | | you varying cash back percentages depending |
| With your small business credit card, you can | | | | on where you shop...gas stations, grocery |
| make all your transactions by phone, internet | | | | stores, office supply stores, etc. A cash |
| or in person. Then get periodic statements | | | | back business credit card is a great way to |
| detailing all of your business expenses. | | | | increase your profit margin. |
| | | | |
| Business credit cards are accepted virtually | | | | Other cards give you airline travel rewards |
| everywhere that you shop. Covering business | | | | just for using your credit card. . For |
| purchases with employee's personal money can | | | | instance, if your company has frequent |
| get very messy. So instead of relying on | | | | business plane trips, then small business |
| cash, use a business credit card. Most | | | | credit cards that offer travel miles, hotel |
| credit card issuers offer a credit limit for | | | | accommodations or travel insurance are most |
| employee cards as well as different methods | | | | suitable. This type of credit card could give |
| to monitor how the card is used. | | | | you travel discounts, free flights, free |
| | | | companion travel or upgraded flight seating. |
| You no longer have to dread the year-end | | | | |
| nightmare of trying to track where and when | | | | Not only does a small business credit card |
| you spent your money. It's like having all | | | | provide convenience and rewards, it also |
| your book-keeping done automatically for you! | | | | helps to build business credit for the future |
| In a digital world, why should your business | | | | of your company as you watch it grow! |
| have to collect every last printed receipt? | | | | Research the business credit cards available |
| | | | and find the card that best suits your |
| Establish Your Small Business | | | | business needs. Finance your business for |
| | | | today and tomorrow. |
| A credit card with your business name on it | | | | |
| gives your business credibility. A business | | | | Jeremy Biberdorf writes for - a directory of |
| credit card looks a lot more professional | | | | business credit cards from top issuers such |
| than paying from your own wallet. It also | | | | as American Express, MasterCard, Visa, |
| gains the respect of financial institutions. | | | | Advanta, Chase and CitiBusiness. |
| Just by owning a business credit card, your | | | | |