Funding Sources
Credit Cards: An Introduction
By Julie Gerstein
Feb 7, 2006, 23:53

Just about everyone with a postal address frequently receives credit card applications. Just call or fill out a brief application and chances are you'll be approved. Though we're inundated weekly with credit card offers and opportunities, and most of us use credit cards on a fairly regular basis, many of us don't understand the nuances of credit cards.

In short, a credit card is a line of credit from a financial institution available to the cardholder. The most common credit card companies are Visa, Mastercard, American Express and Discover cards. Many financial institutions throughout the country offer one or more of these types of cards.

Aside from the personal uses of credit cards, many small business owners use credit cards to support the ongoing operations of their business, utilizing them for both long-term capital funding as well as short-term options for low cost financing.

There are many advantages to the use of such lines of credit, such as the ease, convenience and speed by which such a credit card-based credit line can be established. While banks and other lending institutions typically require a great deal of time and review before granting funds, credit cards can be acquired after a quick credit check and verbal financial interview.

In conclusion, credit cards are easy to get for most people and are a short or long term financing option for your company.



© Copyright 247Advisor.com.

Visit www.247Advisor.com for hundreds of articles to help and resources to help you with your small business.