What's more, when
looking for small business financing, it's a good practice to make sure any potential lender reports your credit behavior to the appropriate business credit reporting bureaus — because some financing options do not.
One of the biggest disadvantages of only working with your personal
bank for small business financing is missing out on the opportunity to combine financing methods as small banks usually only offer debt - financing.
Although using a credit
card for small business financing is certainly not the optimal method of raising money due to restrictive terms and high interest rates, at least it is an option for small businesses.
What's more, when
looking for small business financing, it's a good practice to make sure any potential lender reports your credit behavior to the appropriate business credit reporting bureaus — because some financing options do not.
All entrepreneurs have a number of different options they can turn to
for small business financing, such as banks, lines of credit and direct lenders like OnDeck.