Business Credit Cards
If you are short on cash as in your restaurant business, credit cards can help out. The interest charged is tax dedutible and it provides a good record of expenditures. You can also get rewards from the credit card companies such as air line miles or gift cards to various companies such as StarBucks.
Credit cards are a creative yet often risky way for entrepreneurs to acquire capital for their start ups when more conventional financing are unavailable. It is rumoured that Larry Page and Sergey Brin's start up of Google was financed by credit cards to buy the necessary computers and office equipment. Similarly, filmmaker Robert Townsend financed part of Hollywood Shuffle using credit cards. Director Kevin Smith funded Clerks. in part by maxing out several credit cards. Richard Hatch also financed his production of Battlestar Galactica: The Second Coming partly through his credit cards. (Source: Wikipedia)
