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  1. #1
    Join Date
    Nov 2000
    Location
    Boston, MA (USA)
    Posts
    773

    Corporate Credit Card

    Is it recommended for small businesses? And does 13.9% APR for a $100,000 loan worth it?

    I'm applying for a $20k Corporate Credit Card and a loan for business expenditures but should I sign myself as the guarantor?

  2. #2
    Join Date
    Aug 2000
    Location
    NYC
    Posts
    6,623

    Re: Corporate Credit Card

    Is it recommended for small businesses?

    Of course, if your business needs a credit card it's the kind to get.

    And does 13.9% APR for a $100,000 loan worth it?

    Probably not. For a $100,000 loan that's a lot of interest. For a credit card it's fairly reasonable. Not low, but not that bad. But same as with an individual, a credit card account isn't usually the best option for long-term financing of a large amount of money.

    should I sign myself as the guarantor?

    If you can avoid it, no. But you probably can't avoid it.
    Specializing in SEO and PPC management.

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