Building Business Credit for Small Business
If you’re like most small business owners, you pay an accountant or other professional adviser to handle your taxes, but understanding the various tax choices is vital to running a business successfully.
This allows you to identify potential tax advantages and traps in time so you can react immediately.
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Due to the growing difficulty in obtaining traditional business lines of credit from banks, many business owners are turning to using credit cards for small 
businesses as their primary unsecured business lines of credit.
Unfortunately, the majority is turning to the wrong sources and end up putting their personal credit on the line since all their business credit card debts are showing up on their personal credit reports.
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Qualifying for a business loan in today’s economy is difficult and timely process to say the least. With a traditional bank loan some of the most common hurdles facing bu
siness owners today include personal credit problems, lack of collateral, and restrictions related to use of funds.
As an alternative, a business cash advance has become a popular option since qualifying is based on a company’s monthly credit card sales. However, even this option has its drawbacks especially for businesses that do not process an adequate amount of credit card transactions.
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