July 5th, 2007

You Can Find Financing For Your Customized T Shirts Business, But Not THIS Way!

Posted in Bankruptcy, Debt, Finance

Finding financing for your business enterprise is always a challenging task. But don’t do like my friend Dave, who has a startup customized T shirts business. He decided that when he needed finances for his business, he would simply run up a tab on his credit card. When you charge business expenses to your credit card, you are in effect borrowing (in at least some cases) over 20% interest! Just about ANY type of commercial loan rate would be better than that! So, don’t put your expenses on your credit card - it’s a sure ticket to disaster!