Tag: Interest Rates

It’s a given, we must be careful with credit card spending as individuals; however, this is also true for businesses. When you put a large order of equipment or merchandize for your business on a credit card (essentially borrowed money, which will gain a high percentage of interest if it’s not paid off on time), you better be able to cover the cost financially, or you will slip into debt easily. There are many advantages and disadvantages to having a credit card as a small business, and since at FACETS Business Solutions we’re sticklers for keeping our clients’ finances in line (and as bookkeepers, we’re constantly dealing with business credit card records), we’ll tell you a few of the main ones.