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Why Your Business Needs its Own Plastic

Why Your Business Needs its Own Plastic RI Small Business Development Center Regional Director, Pawtucket & Central Falls In the past few years, large credit providers have been lining up to launch business credit cards designed specifically for small-business owners . While these offerings prove the strength of the small-business segment within the U.S. economy, entrepreneurs as a group are still considered underserved by the credit industry. With all the efforts being made to tailor credit cards specifically for entrepreneurs, why is the small-business community still considered underserved by credit providers? It's because so many small-business owners continue to use personal credit cards for their business expenses, rather than using business credit cards. Historically, it's been easier for people starting companies to use cards they've already established in their own names, rather than apply for a card in the company name. They are unaware of how critical building and managing their business credit is to the success of their businesses. What's the practical difference between a personal card and a business credit card? The processes for establishing the amount of open credit for the account and the interest rate are completely different. For the credit provider, they're looking at personal credit history vs. business credit history, though some applications for business credit cards [Full Story...]
















OTHER ARTICLES OF INTEREST

Why Your Business Needs its Own Plastic
Why Your Business Needs its Own Plastic RI Small Business Development Center Regional Director, Pawtucket & Central Falls In the past few years, large credit providers have been lining up to launch business credit cards designed specifically for small-business owners . While these offerings prove the strength of the small-business segment within the U.S. economy, entrepreneurs as a group are still considered underserved by the credit industry. With all the efforts being made to tailor credit cards specifically for entrepreneurs, why is the small-business community [Full Story...]


DLT Announces New Unemployment Insurance Payment Card
Providence, RI- Rhode Islanders collecting unemployment insurance will say goodbye to paper checks soon, as the RI Department of Labor and Training converts to a new electronic payment card system over the next month and a half. Similar in look and operation to a debit card, the electronic payment card can be used to withdraw cash from participating ATMs around the state, or to purchase goods and services at any business that accepts VISA. The electronic [Full Story...]










Sunday, 02/18/2007
Volume No.: 21
Issue: 5