Smart credit choices

Credit cards are wonderful tools that every business owner should have if they discipline themselves to use them correctly. Would it surprise you that national research shows credit cards are the main source of small business capital after founder’s savings and before friends and family investments? Unfortunately, unwise use of a credit card can also sink your ship. Before you get in too deep with credit card debt, explore whether a community lender, like CEDF, is a better choice for financing your business. Community lenders are typically nonprofits that specialize in helping businesses that can’t yet qualify for traditional commercial loans. Check out CEDF.com to see how it all works.