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Should small businesses rely on credit cards to finance day-to-day operations?
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If the business has a quick return and you can pay that money back quickly, otherwise keeping it longer than 2 months costs you.
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Gerri Detweiler, personal finance adviser for Credit.com, said “Credit cards are among the most common funding mechanisms for small business. The biggest risk is their convenience. Businesses might overspend because they don’t need to justify the purchases, as they would if they sought a bank loan.”
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