{"id":3052,"date":"2015-02-09T16:42:21","date_gmt":"2015-02-09T16:42:21","guid":{"rendered":"https:\/\/www.arffinancial.com\/development\/?p=3052"},"modified":"2021-10-01T14:13:39","modified_gmt":"2021-10-01T18:13:39","slug":"should-you-take-out-a-business-credit-card-or-business-loan","status":"publish","type":"post","link":"https:\/\/www.arffinancial.com\/development\/should-you-take-out-a-business-credit-card-or-business-loan\/","title":{"rendered":"Should You Take Out a Business Credit Card or Business Loan?"},"content":{"rendered":"

With the introduction of credit cards in the 1950s Americans got into the habit of purchasing items and then paying them off\u00a0later.<\/p>\n

If it wasn’t enticing enough to”buy now and pay later,”\u00a0credit card companies then added extra bonuses for credit card holders such as cash back and sky miles to further cement themselves as a desirable financial option.<\/p>\n

Of course today’s credit cards aren’t just for personal use, they are for business use as well. In fact, when starting a small business many owners put essentials such as furniture, travel and in some cases inventory on their business credit cards.<\/p>\n

\"Retail<\/a><\/p>\n

The National Small Business Association estimates that 44% of small business owners use business credit cards for their monthly expenses<\/strong>.<\/p>\n

Many of us are so used to using credit cards that we\u00a0do not consider a business loan which may, in fact, be the more financially sound option.<\/strong><\/p>\n

Today we’ll review the pros and cons of using a credit card vs. taking out a business loan. There are times when each option may be the best one for you, so it’s important to know what your options are and how each one works in your favor.<\/p>\n

The Benefits of a Business Credit Card<\/h2>\n

\"business<\/p>\n

First we’ll look at the pros and cons of using a credit card for your small business.<\/p>\n

Pros of a Business Credit Card<\/strong><\/p>\n