Small business owners sometimes use personal credit cards to

Question

Quizplus · Accepted Answer

Using personal credit cards to finance the start-up phase of a small business may be common, but it is not the best choice. Small business owners should seek out business credit cards that can help them track expenses and build business credit. Repaying bank borrowing should be done with business funds, and paying employees should be a separate process altogether. Controlling interest expenses can be done through other means, such as negotiating with lenders or focusing on paying down debt.

Small Business Owners Sometimes Use Personal Credit Cards to