@Anonymous wrote:Are your limits for cash advances on a business credit card the same on a personal credit card or are you offered more flexiblility. what's the flexiblity as far as borrowing cash on business credit cards. Is the cash advance interest high? Is it a better idea to be taking out small business loans?
No way to to do business cash advances without prohibitive fees and interest.
I don't think it will be easy to get small business loans early on. You're better just investing your personal funds in the business.
I am starting with no business credit with very strong personal credit. what are the advantages of a business card compared to a personal card?
It's critical to keep your business expenses and finances separate from your personal finances.
Business cards aren't wildly different than personal cards, they're just separate.
One difference is that they usually don't report to your personal credit. Exceptions: Capital One and TD Bank.
I need the flexibility of cash. once you have established business credit are your business credit reports pulled or your personal credit profiles pulled or both.
When you apply your personal will be pulled as well as your business. But most business credit cards don't report to personal credit bureaus. Exceptions: Capital One and TD Bank.
How can I seperate business from my personal life.
By keeping all accounts 100% separate. Stay up to date on bookkeeping and taxes.
Sorry for so many questions.
