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Thread: Corporate Credit Card
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04-08-2002, 05:53 PM #1Web Hosting Master
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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?
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04-08-2002, 07:54 PM #2Web Hosting Master
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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.