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Why Your Business Needs A Business Credit Card

Having a business credit card is not only for big companies. There are lots of reasons why even a home-based business also needs to get a business credit card.<br><br><br>For more information about WHY you need to get a credit card for your business, read this article https://www.newhorizon.org/credit-info/why-its-important-to-have-a-business-credit-card/<br><br>Looking for a small business loan? Inquire here https://www.newhorizon.org/NHBS/sba.htm

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Why Your Business Needs A Business Credit Card

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  1. Why Your Business Needs A Business Credit Card www.newhorizon.org

  2. Having a business credit card is not only for big companies.

  3. There are lots of reasons why even a home-based business also needs to get a business credit card.

  4. Separate Account It’s important to separate your personal finances with your business financial resources. Otherwise, your tax season will be a headache and you may not be able to get the reductions.

  5. 2. Build Business Credit According to the NSBA Small Business Access to Capital Study, 20% of small business loans are denied due to business credit. Many loan providers like to see a minimum of 3 years business credit history when you obtain a company loan. Otherwise, they will ONLY think about funding your business utilizing your personal credit.

  6. 3. Perks Once you begin building your credit you end up being eligible for much better business credit card. Numerous have benefits like insurance coverage.

  7. For more information about WHY you need to get a credit card for your business, read this article https://www.newhorizon.org/credit-info/why-its-important-to-have-a-business-credit-card/

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