Nothing is more important to a small business than proper financing and good accounting. Although you could write countless checks, transfer money from your savings account to your business checking and constantly balance your checkbook, business credit cards offer a more streamlined way of managing money without the hassle.
Business credit cards are popular and efficient way for business owners to track company expenses from a single account without disrupting company cash flow. When you use a business credit card, no money actually leaves your business, and you have ample time to pay balances on the account before incurring finance charges. Many business owners prefer the ease of using a business credit card, because there is only one check to write each month, which saves time and operating costs.
Like business checking accounts, credit card companies issue itemized statements each month of every expense. Those statements show how the money in your business is being used. Furthermore, you can approve multiple employees for access to the credit card account, which keeps you from having to reimburse employee expenses when traveling or making work-related purchases. Instead, you can monitor daily transactions from a single online account, allowing you to make adjustments as you see fit.
Other Business Credit Card Benefits
In addition to the ability to track expenses, using a business credit card protects you in case your cash flow is obstructed by late customer payments or an emergency expense. Although it is ideal to pay off your credit card each month, you still have the option to carry a revolving balance over to the next month to make it easier to pay your bills and continue operating your business as usual.
Qualifying for a business credit account is not difficult and typically requires much less paper work than applying for a loan or line of credit through a local bank. So long as you have an established business with positive cash flow and good credit, you should qualify. To apply for funding for your small business, use the form on the right to begin the application process.
To apply for funding for your small business, use the form on the right to begin the application process
For more information, go to Business Credit Card at http://www.unsecuredbizloan.com/business-credit-card