5 Cash Flow Based Lending Options to Take Your Business to the Next Level

Cash flow based lending options can be great for fast funding. Both PayPal and Square offer these types of options. Credit Suite has similar options as well, including:

Revenue Based Lending
Purchase Order Financing
And Accounts Receivable Financing.

Using these types of funding allows you to get the funds you need based on income and without good credit. Repayment is typically based on cash flow as well, meaning the more you make, the faster you repay the loan.

Cash Flow Based Lending Options Can Help You Fund Your Business Fast

Cash flow based lending options are those that are extended based on a company’s expected cash flows. This refers to the amount of cash that goes in and out of a business within a specific period of time. The amount of cash flow is what lenders use to make approval decisions. Repayment comes from this amount as well.

Typically, you will need to have a few years in business to qualify. You may also need to meet a certain minimum credit score requirement. Mostly, you will need to prove historical cash flow, and present your accounts receivables and accounts payables. This is how the lender will determine how much to loan to your business.

There are a number of cash flow based lending options available. Some service providers offer this type of funding, such as PayPal and Square. There are also funding types through other lenders that are closely related, such as those that rely on your accounts receivable or open invoices.

Here’s a little about each one to help you decide if this type of funding is right for you.

#1: PayPal Working Capital Loan

You can get a loan from PayPal if you already have a PayPal business account. There is no personal guarantee requirement, and loan amounts and eligibility depend on your sales via PayPal. Also, applying will not result in a credit check.

To be eligible, you must:

Have a PayPal Premier or Business account for 90 days or more
Process at least $20,000 in annual PayPal sales if you have a Premier account, or at least $15,000 in annual PayPal sales if you have a Business PayPal account
Pay off any existing PayPal Working Capital loan

Repayment is automatic as a percentage of each PayPal sale. As a result, the amount you repay each day changes with your sales volume. The more you sell, the more repayment progress you’ll make that day. On days without sales, you’ll make no payments. Yet, there is a minimum repayment requirement every 90 days.

Depending on the loan terms you choose, you have to pay at least 5% or 10% of your total loan amount, that’s the loan plus the fixed fee, every 90 days. The 5% minimum applies to loans estimated to take 12 months or more to be repaid, based on your business’ past PayPal sales and other factors. The 10% minimum applies to loans that should only take 12 months or less to repay.

#2: Square

You can get similar business loans through Square, and they also will not affect your personal credit score. Eligibility is based on a variety of business factors, including its payment processing volume, account history, and payment frequency. Square will send a customized offer to users based on their card sales through Square, up to $250,000. There is no interest per se. Rather, you’ll pay an ongoing flat fee.

The fixed fee is the difference between the total owed amount and the initial loan amount. The fixed fee will never change, regardless of how quickly or slowly you pay off the loan. Just like PayPal, if sales are up one day, you pay more. Consequently, if you have a slow day, you pay less. A minimum of 1/18 of the initial balance must be repaid every 60 days.

They don’t require collateral for business loans of $75,000 or less. In contrast, for loans over $75,000, they take a security interest in your business assets. Then they will file a UCC statement with the Secretary of State where your business is organized. There is no personal guarantee requirement.

#3: Business Revenue Lending

With a similar basis for getting funding, business revenue lending is another of the cash flow based lending options.

It involves raising capital from investors, who then get a percentage of the enterprise’s ongoing gross revenues in exchange for money invested. Investors get a regular share of business income until the agreed upon amount is paid. Often, this amount is a multiple of the principal investment. It is usually between 3 – 5 times the original amount.

Since repayment of the loan is based on revenues, the time it takes to repay the loan will fluctuate. The faster revenue grows, the quicker you’ll repay the loan, and vice versa. The percentage of monthly revenues committed to repayment can be as high as 10%. Monthly payments will fluctuate with revenue highs and lows and will continue until you pay the loan in full.

Terms for the Credit Suite business revenue lending program are:

Collateral Required: Consistent revenue verifiable through bank statements
Loan Amounts: $5,000-$500,000
Term: 3-36 months
Factor: 1.10-1.45%
Credit Requirements: 500 credit score or higher
No recent bankruptcies
Business must earn annual revenue of $120,000 or more per year
You must be in business for a year or more
The business must do over 5 small transactions each month
Or bring in at least $15,000 monthly revenue with 6 months’ time in business
Financial services industries are prohibited
6 months business bank statements required with application

#4: Account Receivable Financing

AR financing is another of the cash flow based lending options available. It allows you to use outstanding account receivables as your collateral for business financing. You can get as much as 90% of receivables advanced, and you get the balance after the invoice is paid in full.

Terms for Credit Suite account receivable financing are:

Collateral Required: Account receivables
Loan Amounts: $10,000- $10 million
Term: Up to 95% of receivables can be advanced within a week.
Rates: Starting at prime rate 2%
Credit Requirements: Minimum 500 FICO score
Receivables must come from another business or government agency, not an individual
Business must be open for at least 1 year to qualify
Medical receivables must have $1 million in annual sales or more
Breakdown of existing receivables and a sample invoice required with application

#5: Purchase Order Financing

PO financing is also closely related. This is funding to a business with a large purchase order or contract, but the business is unable to fulfill it. A lender loans the money to complete the order, and charges a percentage for the service. The company can then fulfill its order or contract.

The difference between purchase order and accounts receivable financing is, purchase order financing involves a company lending you money to fulfill purchase orders. Accounts receivable financing involves a company buying outstanding invoices. However, when you get to the center of it all, both are based on cash flow.

Credit Suite purchase order financing requirements:

For approval, lenders will typically review your outstanding purchase orders that need to be filled. They want to be sure the purchase orders are legit and the suppliers you are dealing with are credible.

If so, then you can get approval regardless of personal credit history. Rates tend to range from 1-4%. Furthermore, in some instances, you can get 95% of your purchase order in advance.

Cash Flow Based Lending Options Can Help Take Your Business to the Next Level

The beautiful thing about cash flow based lending is, you can get funds even without a strong credit score. If you are making the sales, you can get the money. That makes it easier to fulfill orders and keep making sales, which in turn allows you to grow your business bigger and stronger than ever.

The post 5 Cash Flow Based Lending Options to Take Your Business to the Next Level appeared first on Credit Suite.

How to Get Merchant Cash Advance Financing for Your Business

Merchant Cash Advance Financing Can Help Your Business

Is merchant cash advance financing on your radar? If you’ve got bad personal credit, or not a lot of time in business, merchant cash advance financing could be your best bet for business financing.

Getting Business Financing

Financing for your business tends to come from one or more of the following types of sources:

Collateral
Cash flow
Leveraging good business and/or personal credit

Two other ways to get financing are:

Selling off a part of your business
‘Freeish’ sources like grants and crowdfunding

With crowdfunding and grants, you’re giving up time and brainpower, rather than collateral or some form of security.

Let’s look at using forms of business collateral. This includes converting your merchant cash advances into business capital.

Using Business Assets as Collateral for Loans

Business collateral can be:

Merchant cash advances
Accounts receivable
Equipment that you own
A book of business (renewable commissions) if you’re buying an insurance agency
Inventory
Commercial real estate

Using Merchant Cash Advances as Collateral for Merchant Cash Advance Financing

Not-yet paid credit card sales authorizations are worth money! MCAs are a response to the fact that you need to wait a bit to get your money. As a result, your wait time is slashed, and you get the benefit of taking credit cards and payments in a fraction of the time.

Net 30 Terms

Net 30 means a company or person you extend credit to will have thirty days to pay the bill in full. Being able to offer your customers a month to pay you back is a real competitive advantage. It could be what sets you apart. But you’ve also set yourself up with a wait of about a month for the money. Merchant cash advance financing can help to fix all that.

How to Get Merchant Cash Advance Financing for Your Business

An MCA technically isn’t a loan (so you can’t truly call it a merchant cash advance loan). Rather, it is a cash advance based on the credit card sales of a business. A small business can apply for an MCA, and have an advance deposited into its account fairly quickly. So you can offer Net 30 terms, but not have to wait a month to get paid.

A merchant financing program is based on your cash flow as verifiable per your business bank statements—and nothing else. Hence merchant cash advance companies in general will not ask for any burdensome document requests.

How do merchant cash advances stack up against other forms of financing?

Business Credit vs. Merchant Cash Advance Financing vs. Cash Flow Financing

With MCAs, merchant cash advance lenders check your credit card sales, and with cash flow financing, they check all of your cash flow. But with business credit, providers will check your business setup, which is why we talk about fundability so much. And once you have a PAYDEX score, they’ll check it as well.

With business credit, starter vendors often won’t have a time in business requirement. But retail and business credit card providers tend to. Contrast this with MCAs, where you often need to be in business at least 6 months, and cash flow financing, where you often need to be in business for at least a year.

With cash flow financing, lenders want to see accounts payable and accounts receivable. Lenders want to see your bank statements if you’re trying to get an MCA. But with business credit, starter vendors want to know you will pay them back. So they will check your fundability. This means they will want to see you have an EIN, a D-U-N-S number, all the licensing you need, etc.

Details

With cash flow financing, paying the loan back depends on future company profits. But business credit doesn’t depend on anything in particular to pay it back. It’s best practices to pay out of your business profits and/or assets. And with merchant cash advances, future payments to the business by customers is the way you’ll pay back the advance.

Get a merchant cash advance, and you won’t have to pay any interest. Your sole fee is to the lender–it’s compensation to them for advancing you the funds. This form of financing can also be interest-free, but only if you pay on time.

If you don’t pay your business credit cards and starter vendor cards on time, then interest rates will vary. In addition, better FICO scores and/or better business credit will garner you better rates. But with cash flow financing, you will be paying interest no matter what.

Your FICO score will matter more for cash flow financing and business credit. With business credit, better FICO scores will help you get better rates, and some providers may require them. Cash flow financing can often require a higher minimum FICO score than for merchant cash advances. And for MCAs, you can usually have a lower minimum FICO score.

Which Form of Business Financing is Best?

You should always be trying to build your business credit. This is so even if you’re going with a different form of business financing. For a newer business, which has been around for at least six months, MCAs can be a way to get fast cash while still offering good terms to your clientele as you build your business.

And for more time in business, if your cash flow is stable, cash flow financing can be another viable option. And there’s no reason you can’t try two of these or even all three. See what works best for your circumstances.

Merchant Cash Advance Financing: Terms and Qualifying

A lender will review 3 months of bank and merchant account statements, to look for consistent deposits. They want to see deposits showing revenue is $50,000 or higher per year. They will also verify time in business of 6 months or more.

Lenders don’t want to see a lot of Non-Sufficient-Funds (NSFs) showing on your bank statements. They don’t want to see a lot of chargebacks on your merchant statements. And they want to see more than 10 deposits in a month going into your bank account. In a nutshell, they want you to manage your bank and merchant accounts responsibly.

Lenders will want to see a decent number of consistent credit card transaction deposits each month. But what a merchant cash advance lender considers to be ‘decent’ is going to vary from lender to lender. And be aware, interest rates for merchant cash advances can be high.

Choosing a Merchant Cash Advance Financing Program

Always look at interest rates. Because MCAs don’t have federal regulation, terms can seem outrageous. Also check if your payment schedule is fixed or if it’s a percentage of credit card sales. A percentage of card sales means your payment goes down if sales falter, but of course they go up if your sales are robust.

And investigate similar programs like not just cash flow financing and business credit, but also invoice factoring, as they might be a better fit. Our Business Finance Suite has MCA providers you can check out, too!

Merchant Cash Advances and Inflation

Inflation causes price increases for goods and services. And it can also affect how you price your own goods and services. Inflation can cut into your profit margin unless you raise your prices.

How can MCAs help?

By getting use of your money faster, an MCA can help you to buy your own goods and services—and even equipment—before it gets pricier. If you’re using the cash from MCAs to pay off loans faster, then speed will help you avoid paying more in interest.

MCAs are also helpful because you get a payment even though you may have charged less. When the customer buys from you again, if you need to raise prices, you aren’t also waiting around for them to pay what they owe you.

Merchant Cash Advance Financing: Takeaways

Merchant cash advances can make it easier and more logical to give net 30 terms to your customers. You can be paid a lot faster, which eliminates the main disadvantage of offering net 30 terms. MCAs are within reach even if you have a lower FICO score. But keep in mind that interest rates can be high.

The post How to Get Merchant Cash Advance Financing for Your Business appeared first on Credit Suite.

Get Cash Flow Financing for Your Business – It Can Be a Great Way to Get Credit and Funding…

Can Cash Flow Financing Help YOUR Business?

For going concerns with some time in business, cash flow financing can be a good way to fund expansion, growth, or everyday needs. But what IS cash flow financing? And where do you get it?

Fundability, Cash Flow, and Your Business

Fundability is the ability of a business to get funding. It covers all the points a lender or credit provider will check when trying to figure out if you’ll pay back a loan or credit extended to you. These include details you may not have thought about or might think aren’t so important. But they are!

The 3 Cs Capital Acquisition Formula

When you think like a lender, you come to understand that all they want is to be sure that you’ll pay them back. Lenders look at one of three things for loan approval: cash flow, collateral, and/or credit. The more of these “Cs” you have, the more funding options are available. Let’s look at how cash flow financing can help your business.

Cash Flow Financing

Cash flow financing is a loan made to a company is backed by a company’s expected cash flows. A company’s cash flow is the amount of cash that flows in and out of a business. This is within a specific period. Cash flow financing or a cash flow loan uses generated cash flow as the way to pay back the loan. It’s one of the smarter financing activities you can do if you’ve got a going concern with predictable income.

Cash Flow Financing: Terms and Qualifying

Much of the time, you must have a few years in business. You may need a certain minimum credit score. You must prove historical cash flow, and present your accounts receivables and accounts payables, so the lender can determine how much to loan to your business.

Account Receivable Financing

You can use outstanding account receivables as your collateral for business financing. Receivables should be with the government or another business. If you also have purchase orders, you can get financing to have those filled. You won’t need to use your cash flow to do so. Get an accounts receivable credit line with rates of less than 1% with no consumer credit requirement.

Account Receivable Financing: Terms and Qualifying

Use your outstanding account receivables for financing. Get as much as 90% of receivables advanced ongoing or more, in less than 24 hours. The rest of the accounts receivable are released once the invoice is paid in full. Factor rates as low as 1.33%.

Terms are for Credit Suite account receivable financing. The only collateral necessary is your account receivables. Loan amounts run from $10,000 to $10 million. Up to 95% of receivables can be advanced within a week. Rates start at prime rate 2%. You must have a FICO score of 500 or better.

Receivables must come from another business or government agency, not an individual. Business must be open for at least one year to qualify. Medical receivables must have $1 million in annual sales or more. For the deal submission, you must provide the application, a breakdown of existing receivables, and a sample invoice.

Purchase Order Financing

Purchase order financing is advanced to a business with a large purchase order or contract, but the business is unable to fulfill it. A lender then loans the funds necessary to complete the order and charges a percentage for the service. Then the company can fulfill its order or contract.

The difference between purchase order and accounts receivable financing is purchase order financing involves a company lending you money to fulfill purchase orders. But accounts receivable financing involves a company buying your outstanding invoices. Still, they are both, at bottom, based on cash flow.

Purchase Order Financing: Terms and Qualifying

Terms are for Credit Suite purchase order financing. For approval, lenders will often review your outstanding purchase orders that need filling. They want to be sure the purchase orders are valid, and the suppliers you are dealing with are credible.

If so, then you can get approval, regardless of personal credit history. Rates tend to range from to 4%. In some instances, you can get 95% of your purchase order financed.

Demolish your funding problems with 27 killer ways to get cash for your business.

Business Revenue Lending

This is a way to raise capital from investors who get a percentage of the enterprise’s ongoing gross revenues, in exchange for money invested. In a revenue-based financing investment, investors get a regular share of business income until a predetermined amount is paid. Often, this predetermined amount is a multiple of the principal investment. It is often between 3 to 5 times the original amount invested.

Business Revenue Lending: Terms and Qualifying

Since repayment of the loan is comes from revenues, the time it takes to repay the loan will fluctuate. The faster revenue grows, the quicker you’ll repay the loan, and vice versa. The percentage of monthly revenues committed to repayment can be as high as 10%. Monthly payments will fluctuate with revenue highs and lows and will continue until you’ve paid back the loan in full.

All terms are for the Credit Suite business revenue lending program. Necessary collateral is consistent revenue verifiable through bank statements. Loan amounts run from $5,000 to $500,000. Terms are for 3 to 36 months. Pay a factor rate of 1.10 to 1.45%. Credit you must have a 500 credit score or higher, with no recent bankruptcies.

Business must earn annual revenue of $120,000 or more per year. You must be in business for a year or more. The business must do over 5 small transactions each month. Financial services industries are prohibited, damaged credit is acceptable. Or business must bring in at least $15,000 monthly revenue with 6 months’ time in business. To get this deal, you must provide the application and 6 months of business bank statements.

Fundbox

Get a line of credit from Fundbox. Fundbox just wants to know about your cash flow when deciding whether to fund your business. Fundbox will connect straight to your online accounting software. That’s all you need to do. You can get a revolving line of credit for up to $100,000. Fundbox will auto debit your weekly payment from your bank account. You don’t need to show a particular personal credit score. And you don’t need to show a certain time in business.

Fundbox: Terms and Qualifying

Pay in equal installments over the course of a 12 or 24 week plan. Available credit replenishes as you pay. There are no penalty to repay early. Your business must be American. You must have a 600 or better personal FICO score, and $100,000 or more in annual revenue. Also, you must have a business checking account. Ideally you must have 6 months in business or more.

Demolish your funding problems with 27 killer ways to get cash for your business.

PayPal Working Capital Loan

You can get a loan from PayPal. But you must already have a PayPal business account. There is no personal guarantee. Loan amounts and eligibility depend on your sales via PayPal. So applying won’t result in a credit check.

PayPal Working Capital Loan: Terms and Qualifying

The maximum loan amount depends on your PayPal account history. To be eligible, you must have a PayPal Premier or Business account for 90 days or more. Also, you must process at least $20,000 in annual PayPal sales if you have a Premier account, or at least $15,000 in annual PayPal sales if you have a Business PayPal account. Pay off any existing PayPal Working Capital loan.

Since automatic repayments get deducted as a percentage of each PayPal sale, the amount you repay each day changes with your sales volume. The more you sell, the more repayment progress you’ll make that day. On days without sales, you’ll make no payments, but you must repay something at least every 90 days.

Depending on the loan terms you choose, you must pay at least 5% or 10% of your total loan amount (loan + the fixed fee) every 90 days. The 5% minimum applies to loans estimated to take 12 months or more for repayment. This has a basis in your business’ past PayPal sales and other factors. The 10% option applies to loans estimated to be repaid within 12 months.

Square

You can get loans through Square. Applying will not affect your personal credit score. Loan eligibility comes from several factors related to your business, including its payment processing volume, account history, and payment frequency.

You can get $300 to $250,000. Borrowers get a customized offer with a basis in their card sales through Square. Then they choose their loan size. You will pay no interest, just an ongoing flat fee

Square: Terms and Qualifying

There are no ongoing interest charges. Instead, you will pay one fixed loan fee to borrow the loan. The fixed fee is the difference between the total owed amount and the initial loan amount. The fixed fee will never change, regardless of how fast or slow the loan is repaid. It is automatically deducted until you pay back your loan in full. If sales are up one day, you pay more; if you have a slow day, you pay less. At least 1/18 of the initial balance must be repaid every 60 days.

They don’t want collateral for business loans of $75,000 or less. For loans amounts over $75,000, they take a security interest in your business assets. Then they will file a UCC statement with the Secretary of State where your business is organized. There is no personal guarantee.

Demolish your funding problems with 27 killer ways to get cash for your business.

Cash Flow Financing: Takeaways

There are several options for business funding that depend on your cash flow. Some are available through Credit Suite. There are also online options, such as through PayPal and Square. Contact us today for help with your options.

The post Get Cash Flow Financing for Your Business – It Can Be a Great Way to Get Credit and Funding… appeared first on Credit Suite.

The Top 7 Cash Back Business Credit Cards

Check Out the 7 Best Cash Back Business Credit Cards

Take advantage of our research and check out the seven best cash back business credit cards we could find.

Cash back usually comes in the form of a low percentage rebate, such as 1 – 5%. Some card issuers offer unlimited cash back. Others offer bonus amounts for chosen category spending or meeting a spending threshold within a certain amount of time after account opening, like $750 if you spend $7,500 in the first three months after account opening. Statement credits and signup bonuses are similar, the main difference is how you get the money – check, credit, points, or something else.

The Best Cash Back Business Credit Cards for You

There are differences among cash back business credit cards, and they go beyond the percentages. A high cash back credit card might require a very high spend in a short amount of time. Or a cashback credit card might not offer categories that work for you. Or cash back offers may come with too many strings attached. We sifted through over 100 business credit cards to find cashback credit cards to fit several different circumstances – including yours!

One Thing to Keep in Mind

Terms and rates for cash back business credit cards are subject to change. In particular, many annual percentage rates are tied directly to the Prime Rate. Banks and other credit providers sometimes add or drop features, or even credit cards. The best source for all credit card information is always directly on the provider’s website.

Let’s start with three honorable mention cash back business credit cards.

Honorable Mention: Get 3% Cash Back with High Credit Limits: Zions Bank Visa Amazing Cash® Business Credit Card

Get to know the Zions Bank Visa Amazing Cash® Business Credit Card. You get 3% cash back on select business purchases, including office supplies, cell services, internet, telecom, and cable TV. And get 2% cash back on select business travel purchases, including airlines and vehicle rentals. Get 1% cash back on everything else. Pay a 0% introductory APR on balance transfers for the 12 months after account opening, then pay a 14.24% variable APR afterwards. A 3% balance transfer fee for each transfer ($10 minimum) applies.

Get a credit limit up to $250,000. You will pay no annual fee. There are no rewards fees. 0% introductory APR for the first 6 months after account opening, then 14.24% variable APR afterwards. It is entirely possible that some of the other reviewed cards have better upper limits, you will need to check when you apply.

Honorable Mention: Get a Cash Back Bonus: PNC Bank Cash Rewards® Visa Signature® Business Credit Card

Check out the PNC Bank Cash Rewards® Visa Signature® Business Credit Card. Get a $200 bonus if you spend $3,000 in the first 3 billing cycles after account opening. Get 1.5% cash back on net purchases, with no cash back limits. Pay no annual fee. You will pay a 0% APR for the first 9 billing cycles after account opening, then 10.99-19.99% variable APR, based on creditworthiness. It boasts mostly lower interest rates and a fairly easy to meet minimum spend. To get a bonus, this card is decent if you can’t or won’t spend too in such a short amount of time after getting the card.

Honorable Mention: Get Cash Back and Qualify Even with Fair Credit: Capital One Spark Classic Business Credit Card (Visa)

The Capital One Spark Classic Business Credit Card (Visa) can work if you have fair credit. You can earn 1% cash back with every purchase, with no minimums. Pay no annual fee. You will pay 26.99% variable APR for both purchases and cash advances. The minimum credit line is $300.

The cash back percentage is low, and the interest rate is higher than for the other cards reviewed. But if your credit is only fair, or you don’t have a very long credit history, this card could be right for you.

#7: Get 3% Cash Back with an Annual Bonus: US Bank Business Cash Rewards World Elite Mastercard®

Check out the US Bank Business Cash Rewards World Elite Mastercard®. Earn to 3% cash back on eligible gas station, office supply store and cell phone/service provider net purchases. All other purchases earn 1% cash back. Purchases of gasoline greater than $200 will not be deemed to be a purchase of automotive gasoline, and as such will earn a reward of 1%.

Get $500 cash back if you spend $3,000 in the first 90 days from account opening. Earn a 25% annual bonus based on your prior year’s cash rewards, to $250. Pay no annual fee. You will have a 0% introductory APR for the first 12 billing cycles. After that, 13.99-22.99% based on creditworthiness.

To hit the bonus limit, you would have to have spent over $33,000 in the previous year. Still, the initial spend requirement isn’t too bad. You can meet it with purchases of computers or the like. The APR after the introductory period is acceptable. If your credit is such that you qualify for the lower APR, this card could turn out to be a better deal than our #6.

Score the best business credit cards for your business. Check out our professional research.

#6: Get 3% Cash Back in Limited Categories: First Hawaiian Bank MasterCard Cash Rewards Business Credit Card

Check out the First Hawaiian Bank MasterCard Cash Rewards Business Credit Card. You get 3% unlimited cash back on gas and dining. Get 2% unlimited cash back on utilities, and 1% unlimited cash back on everything else. There is no annual fee.

Pay a 15.49% APR. Earn a $200 credit with a $2,000 spend in the first 3 months from account opening. With its fairly low spend requirement, no annual fee, and decent (but not exceptional) APR, this can be a good card. In particular, it can work well if your business requires you to travel by car and entertain clients on the road.

#5: Get 4% Cash Back for a Limited Time: Citi Bank Costco Anywhere Visa® Business Card

With the Citi Bank Costco Anywhere Visa® Business Card, get 4% cash back on eligible gasoline purchases, including buying gas at Costco. But this is only for the first $7,000 per year. After that, get 1% cash back. Get 3% cash back on restaurant and eligible travel purchases. Earn 2% cashback on all other purchases from Costco and Costco.com. Get 1% cash back on everything else.

There is no annual fee. There are no foreign transaction fees. But you must be a Costco member before applying. Pay a 15.24% variable APR.

While the 4% cash back offer is limited to just the first $7,000 per year, you will have to buy over 2,000 gallons of gasoline if they average $3.50 per gallon to hit the limit. If you think it’s unlikely you would meet that limit, and you’re a Costco member, this could be a good card. It’s got an APR that is decent but not as good as our #4’s rate.

Score the best business credit cards for your business. Check out our professional research.

#4: Get 4% Cash Back Until You Hit a Spend Limit: Huntington Bank MasterCard Voice Business Credit Card

With the Huntington Bank MasterCard Voice business credit card, earn 4% cash back on the first $7,000 spent per quarter in one category of your choice. There is a choice of 10 categories.. Hence the annual spend limit for 4% cash back is $28,000. Earn 1% cashback on all other purchases.

There is no annual fee, and no foreign transaction fee. Pay a 10.99-21.99% APR based on creditworthiness, tied to the Prime Rate. If you know you won’t meet the spend limit, and your credit is already good so the APR is on the lower side, this could be an outstanding card.

#3: Get 5% Cash Back on Amazon Purchases Only: Amazon Prime Store Card

Get 5% cashback on Amazon purchases with the Amazon Prime Store Card. Pay no annual fee. You get a $60 Amazon gift card upon application approval. However, limits seem to be low. There are reviews on the Amazon website and you should check them before applying.

If your business makes a lot of Amazon purchases, this could be one of the best cash back business credit cards for you. If not, it likely has too many limitations.

#2: Get 5% Cash Back in 2 Categories: Bremer Bank Visa Max Cash Preferred

The Bremer Bank Visa Max Cash Preferred card is particularly good if you can pay your credit bills on time and avoid paying interest. Earn a $150 bonus reward if you spend $500 in the first 90 days from account opening. The spending threshold required for a bonus is comfortably low. You will probably meet it if you charge a decent computer on this card. Also get 2% for one everyday category, otherwise get 1% unlimited cash back. There is no annual fee.

All annual percentage rates for interest will vary with the Prime Rate. Pay a 14.49-23.49% APR for purchases based on creditworthiness. Pay a 0% introductory APR for the first 12 billing cycles for balance transfers, and then 14.49-23.49% APR based on creditworthiness.

Get 5% Cash Back in 2 Categories: Alternatives to Bremer Bank

Note: Busey Bank offers the identical credit card, with the exact same rates and fees. The main difference is Bremer is headquartered in Minnesota, whereas Busey is based in Illinois.

First American Bank also offers the identical credit card – they are also based in Illinois.

Since there are no differences among these three offers, your best bet is to choose based on convenience or bank specialty or the like.

Score the best business credit cards for your business. Check out our professional research.

#1: Get 5% Cash Back on Flat Spending: Chase Bank Ink Business Cash®

For good interest rates, and a high percentage in cash back, check out this card. Pay 0% APR on purchases for the first 12 months, and then 13.24-19.24%. Pay no annual fee.

With the Chase Bank Ink Business Cash® card, you get 5% cash back on the first $25,000 you spend on certain business products, i.e. office supply stores, internet, cable, and phone services. This works out to 4% additional cash back rewards on top of 1% cash back rewards earned on each purchase. The $25,000 flat spending limit resets every year. You can get $750 bonus cash back if spend $7,500 in the first 3 months after account opening.

But unlike with some other cards, it can be harder to hit the minimum spend amount. The agreement does not prohibit using your card to buy pricier items such as plane tickets, vehicle repairs, or even heavy equipment. Still, you may find that using other means, such as equipment financing or fleet credit, would make for a better deal for your business.

While we do feel this is the best of the cash back business credit cards we reviewed, if you cannot meet the spend minimum, our #2 choices are a lot better.

Takeaways for the Top 7 Cash Back Business Credit Cards

The business credit cards we reviewed offer cash back deals running from 1% to 5%. Annual percentage rates run from 10.99% t0 26.99%, with many cards offering a 0% introductory APR for a limited time. Some cards offer monetary bonuses, often dependent upon spending a minimum amount during a short window of time. Limits and qualifications were not easy to find online – so ask! And always check a provider’s website for the latest and most accurate details on any business credit card that interests you.

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Cash Is Flooding Into Short-Term Markets Like Never Before

Money-market funds, banks and other investors are parking over $1 trillion in spare cash overnight in reverse and repo markets—a surge in short-term lending that is raising concerns about whether market unrest lies ahead. The post Cash Is Flooding Into Short-Term Markets Like Never Before appeared first on Get Funding For Your Business And Ventures. … Continue reading Cash Is Flooding Into Short-Term Markets Like Never Before

Cash Is Flooding Into Short-Term Markets Like Never Before

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How To Use Business Credit Wisely to Help With Sound Cash Flow Management … So Your Cash Flow is Always Strong and Never a Headache

Cash flow management is essential to running a successful business. This is true for a number of reasons. Some of the reasons are obvious, and some are more subtle.

5 Steps to Building a Cash Pool for Better Cash Flow Management

First, you need to understand exactly what cash flow is. Investopedia says:

“Cash flow is the net amount of cash and cash equivalents being transferred into and out of a business.”

But what does that mean practically for your business? Basically, cash flow relates to the actual, liquid cash flowing in and out of your business. Strong, positive cash flow allows you to have the funds you need ready and available. You can use them at any given time to do the things you need to do to run your business effectively and efficiently. Why is this important? Because you need cash to:

Pay the bills
Pay salaries
Buy supplies and stock
To be able to take advantage of growth opportunities

None of these things are possible without cash. You need a cash flow management strategy.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Step 1: Understand Profit is Not the Same as Cash

This is one of the most common misconceptions when it comes to cash flow management. Many think if you have a strong bottom line, you have cash. Some business owners are surprised when they find their business can be doing quite well, but they still struggle to pay the bills. This is because sales do not automatically convert to cash. It can take time to collect payments from customers. Also, if you run a seasonal business, certain times of the year are going to find your business shorter on cash than others. Even non-seasonal businesses have times when they aren’t making as much money.

Step 2: Knowing Why Just Enough is Not Enough

It’s possible that you may have all the cash you need for day to day business operations, but you still need more. For example, if you have an investment opportunity, like a bulk wholesale deal on inventory, or a growth opportunity, you need to be able to act fast. The more cash you have immediately available, the faster you can act on these opportunities with confidence. A sensible cash flow management system will take this into account.

Step 3: Develop a Plan for Building a Cash Pool for Cash Flow Management

A cash pool can help you manage your cash flow effectively. It’s a way to make sure you have access to the cash you need, when you need it. A cash pool is an aggregate collection of three different types of cash.

It includes cash on hand, cash available to spend on vendor accounts, and cash available to spend on business credit cards. How do you build a cash pool for your business? How do you do so and keep business expenses off your personal credit accounts? You need to build business credit. Using business credit to build a cash pool is key to cash flow management.

Cash Reserves and Vendor Accounts

Cash reserve is simply cash on hand. This is the money you have in your business bank accounts that you can spend. Vendor accounts are accounts that you have with vendors that allow your purchases on credit. These are typically net accounts rather than revolving. Net accounts have to be paid off completely within 30, 60, or 90 days, depending on what terms you get with that lender.

Cash Available on Business Credit Cards

This is the total of all available credit you have on business credit cards. Business credit cards can serve your business well in a number of ways. First, they can help protect your business by limiting exposure when making purchases online. This is because most credit card companies have fraud protocols. These protect you from having to pay for fraudulent charges on your account.

In contrast, if you use a debit card connected to your business bank account and it gets hacked, you could easily lose all of your available cash with potentially very few options for recovery.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Step 4: Start the Process by Building a Fundable Foundation

It sounds easy, and essentially it is. However, you can’t just go out and apply for vendor accounts and business credit cards and expect to get credit that is only related to your business and does not affect your personal credit report.

This is the tricky part. There are specific steps that you have to take in a specific order to build a separate business credit profile and score. It starts with how your business is set up. It has to have a foundation of fundability. Then, you have to get accounts reporting initially, which can get interesting.

If your business isn’t set up right and you don’t apply for the right types of accounts in the beginning, you will be denied every time.

How to Build a Fundable Foundation

The first step is to make sure your business has a fundable foundation. The includes a number of things such as:

Having a physical business address where you get mail
A P.O. Box or something similar will not work
You need to incorporate as an LLC, S-corp, or corporation
An EIN is essential (get yours from the IRS)
A D-U-N-S number from Dun & Bradstreet
You need a separate, dedicated business bank account

This is only the beginning, but it is a good start.

5: Get Accounts That Report

Once you have a fundable foundation, you can start applying for business accounts. The key is, you have to start small by applying with starter vendors first. These are vendors that will not do a personal or business credit check. Rather, they will extend net terms to your business based on other factors.

These factors may include:

Time in business
Revenue
Average balance in business bank account
And a lot of other things

Vendors may look at one, all, or any combination of these factors to verify the creditworthiness of your business. Then, they will report your payment on these accounts to the business credit reporting agencies.

This brings up another issue. Unlike personal credit accounts where pretty much all creditors report your payment to your personal credit profile, only about 7% of business credit accounts actually report payments. Of course, the other 93% will not hesitate to report defaulting payments.

As a result, it can be difficult to find vendors that will both extend credit without a credit check and report payments. They do not make this information easy to find. Still, having accounts that report is vital to building a strong business credit score. Without that, you will not be able to get the accounts you need to build your cash flow pool.

Getting Started

We have a list of vendors that we know do both of these things. They include vendors like Uline and Grainger, among many more. Start building your credit pool with these and other starter vendors by applying for accounts, and buy things like packaging, cleaning products, and office supplies that you will use in the course of your business anyway.

Once you get enough of these accounts reporting, you will be able to apply for more vendor accounts and business credit cards and get approval.

Of course, you need more than just a few vendor accounts to build a strong business credit score. The next steps include applying for credit with increasingly harder to meet requirements. If you do things in the right order, you will have no problem getting approval. That is, assuming you handle all accounts responsibly.

You can apply for accounts like Quill and Office Depot that are a little harder to get, but apply with starter vendors first. That way, you’ll be closer to meeting their requirements.

Keep the Ball Rolling

After that, you just have to keep the ball rolling. You should be well on your way to building your cash flow pool. You can apply for higher limit cards with more rewards. Remember to keep using all of your accounts responsibly, as It does no good to build a cash flow pool if you have no cash available on any of your accounts.

Bonus: A Top Secret Tip to Help You Get Started

It is not easy to start the ball rolling on your own. It is much faster, cheaper, and easier in the long run to get expert help to build your cash flow pool. A business credit expert can help you evaluate your current fundability. Then, they can get you on the right path to building and improving fundability if necessary. Furthermore, they can point you toward those initial business credit accounts that will open the door to many more,

With a business credit expert, you will not waste time applying for accounts you do not qualify for. You won’t waste time and money on accounts that do not report to the business credit reporting agencies. You will know exactly what step you are on and what needs to be done to move on to the next step in the process, so you can build your cash flow pool effectively and efficiently.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Once your business credit is strong, a business credit expert can guide you toward even more accounts that may be great additions to your specific credit pool. These may not be accounts that report, but rather may be more suitable for the type of business you run. Once your business credit profile is strong, you can use non-reporting accounts to continue to grow your business long into the future.

What Does This Mean for Cash Flow Management?

It means you can run your business without worrying about cash flow gaps. You can take advantage of wholesale deals when they come along. It will be possible to apply for larger jobs, knowing you can get the tools and equipment you need to get the job done without depleting cash reserves.

You will be able to quickly take advantage of investment and growth opportunities with confidence, knowing you have the cash available to do what you need to do. In addition, you can limit your exposure to fraudulent charges when making online purchases. That is sensible cash flow management.

The post How To Use Business Credit Wisely to Help With Sound Cash Flow Management … So Your Cash Flow is Always Strong and Never a Headache appeared first on Credit Suite.

It’s Like Free Money When You Stop Wasting Company Cash

How to Stop Wasting Company Funds – It’s Like Free Money Is it really free money? It may not be as glamorous as winning the lottery or venture capital money. It’s not as sexy as your content going viral. And it’s not as exciting as getting a shout out from major market influencers like Oprah … Continue reading It’s Like Free Money When You Stop Wasting Company Cash

It’s Like Free Money When You Stop Wasting Company Cash

How to Stop Wasting Company Funds – It’s Like Free Money

Is it really free money? It may not be as glamorous as winning the lottery or venture capital money. It’s not as sexy as your content going viral. And it’s not as exciting as getting a shout out from major market influencers like Oprah Winfrey and Elon Musk.

But it is often easy, and it is certainly anything that any company can do. It’s the free money you can get from cutting waste.

A Penny Saved is a Penny You Don’t Need to Borrow or Raise

Is your business wasting money? It probably is, in some way or another. Cutting waste should always be on your radar.

What are the Ripple Effects of Cutting Waste?

Save a dollar and you won’t need to:

Borrow a dollar and pay it back with interest
Try to raise a dollar via crowdfunding
Sell a dollar’s worth of your business to an angel investor or venture capitalist
Waste time you could be using to sell your goods or services

Get Free Money from Cutting Expenses

When tightening your company’s belt, look at the expenses going out first. There are several kinds of expenses any business can and should cut. Be creative when looking to cut expenses. Here are some kinds of expenses that you might not have thought of.

How to Save Money on Salaries

Employee salaries are the largest expense for many organizations. But did you know that there’s free money lurking in there?

But let’s make one thing perfectly clear. Don’t ask your employees to take a pay cut. Please, never do this! You’ll kill morale. But you should work to tap your employees’ full potential. Hence, pay attention to training.

Employees with more training may not be using that training. So, why aren’t they? Ask employees about their background and interests. There’s a chance that they could do more for you and get more motivated about working with your company in the long run. See inc.com/peter-cohan/first-90-days-13-totally-useless-expenses-your-company-is-wasting-money-on.html.

Stop Outsourcing!

Outsourcing is expensive! Some small businesses pay thousands of dollars to outsource projects. But your company may be able to save a considerable amount of cash, by taking some or all of those projects in-house.

Give your outsourced work to part- or full-time employees. After all, outsourcing work can make it hard to communicate clearly what you want done. This results in costly errors and delays. It is worth analyzing whether hiring a dedicated worker could pay for him or herself within a year.

Save Money with Better Hiring

Hiring the wrong person can be a very expensive proposition. Still, you need someone to do the work, and you don’t have forever to decide on who to hire. So make your job postings clear and only hire people experienced in what you need for them to do.

How can you hire better? Hire employees on a trial basis. This may be through working with a freelancing site like UpWork, or it may mean using a temp agency. In either of these scenarios if you must fail, at least you fail fast.

Demolish your funding problems with 27 killer ways to get cash for your business.

Start Improving the Average Performance of Your Workforce

Let the poor performers go. People who aren’t doing well tend to be unhappy anyway. You may be giving them the nudge they need to get something else. And make sure that all the workers staying on your payroll who do contribute are doing far more than the minimum required. If you can’t motivate your C players to act more like the superstars, cutting them from the payroll will give you the money you need to hire more A players.

Save Money on Tools

Software and tools can account for a huge proportion of a company’s expenses. But far too many businesses either buy tools they don’t need or buy tools that are bloated with features they don’t use. This can be software but also, literally, tools.

The truth is the so-called best tool on the market is often designed with large enterprises in mind. This means that when you’re small, it’s likely overkill. So it’s often better to purchase something that’s better suited to a business of your size. It may be a little less sexy, but it will save you a fair amount of money while still being equally as effective. See embroker.com/blog/business-expenses-startups-waste.

Location, Location, Location

Do you really need all that office space? Can employees share desks and work from home some of the time? Can some employees work from home all of the time? WFH also opens up hiring to other parts of the globe, where potential hires might be okay with less money.

Okay, so maybe you do need office space. But does it have to be in the most expensive part of town? Pay attention to the end date of your lease and start looking for cheaper digs before you’re under the gun.

And if you find less expensive office space elsewhere, tell your current landlord when it’s time to renew. If your business has been a good tenant, they might work to keep you.

Demolish your funding problems with 27 killer ways to get cash for your business.

Office Issues

Do you cater all your meetings? Do you really have to? If you must offer refreshments, why not handle some of them in-house? This doesn’t mean your employees start cooking. But it can mean a better coffee maker or better coffee to brew in it.

Energy Efficiency FTW

Do you have to pay utilities? Can you choose your own appliances? An energy efficient refrigerator will make a difference. So will using energy efficient fluorescent lighting. And just like in your house, turn off the lights when leaving a room.

Can You Imagine How Postage is Costing You Free Money?

Do you use a postage meter? It might not seem like a lot, but paying the exact amount for postage, rather than 5 cents more every time, will add up in the long run.

Would You Like to Save on Business Travel?

We all know about meetings that should have been emails. But they’re not so bad if your meeting is held remotely or just down the hall. Do you really have to be in the southern office? Particularly in the age of Covid-19, less travel is safer anyway.

Business Expenses

Does your business have a documented expense policy? Or can anyone claim pretty much anything at any time? Traveling employees might help themselves to the minibar or rent movies from the front desk, but your business doesn’t have to pay for such things.

Why and What Wasteful Advertising and Marketing is Costing You

Marketing can be trying new ideas to see if they work. That’s okay. But if you already know, then you should stop experimenting so much!

Like the best goals, your marketing and advertising have got to be measurable. Measuring helps you realize a lot more quickly if a campaign is working, or not. See nav.com/blog/4-money-leaks-that-could-be-hurting-your-bottom-line-658859.

Revealed… Saving on Miscellaneous Expenses

When you go grocery shopping, there are always small things at the checkout. They’re often inexpensive. So people buy them on impulse, even if they weren’t on the shopping list. But those packs of gum can add up over time.

In the same way, your little expenses here and there can add up. They can really get away from you if you just open up a petty cash drawer to buy them. So keep track of these expenses and review them every month or so. Determine if they’re working for you.

Demolish your funding problems with 27 killer ways to get cash for your business.

End Poor Time Management and Get Free Money

How long are your meetings? Are they all necessary? Really? A chat program like Slack might make some of those meetings unnecessary, or at least shorter.

Poor Time Management and Commuting

Commuting can also be exceptionally time-consuming. It can also be tiring, making it harder for employees to get going in the morning. Can some or even all of your employees work from home at least one day per week? This is also a way to enhance employee morale.

Free Money, Fixing Poor Time Management, and Enhancing Employee Morale – Yes, There’s a Connection

Consider informally monitoring the weather and telling your employees to work from home when commuting conditions will be truly awful. These are serious snowfalls or blizzards, or heavy rain from the remnants of hurricanes, not brief showers. Not only are commutes longer and more dangerous, but employees are also more likely to be late.

Get Some Free Money with a Proper Financial Professional

A solid accountant will help prevent costly errors. They will also be able to calculate and pay your business taxes correctly the first time. If you, the owner, are still preparing these documents, it’s probably not a good use of your time. If you currently can’t afford an accountant, at least get good professional accounting software.

Check Your Larger Bills Carefully

If you’re just getting a one-page bill from an outside counsel law firm, or other expensive service your business must have, ask for it to be itemized. Sometimes there are billing errors and this can be the only time they’re caught.

Get Free Money from No Longer Wasting It: Takeaways

Is your business wasting money? Stop the bleeding and hire more carefully. Look into your expenses more closely. Measure your advertising to see if it’s working. Keep an eye on ways to save time. A professional accountant is worth the expense. Audit the larger bills your business has to pay, and request itemization, to be sure you’re only being charged for what you actually owe.

The post It’s Like Free Money When You Stop Wasting Company Cash appeared first on Credit Suite.

Get a Credit Card Cash Back

Can You Get a Credit Card Cash Back for Your Business?

Are you looking for a credit card cash back? It is possible.

We researched lots of company credit cards for you. So, here are our choices.

Per the SBA, business credit card limits are a whopping 10 – 100 times that of personal credit cards!

This shows you can get a lot more money with company credit cards.

And you will not need collateral, cash flow, or financials to get small business credit.

Business Credit Card Benefits

Benefits can vary. So, make sure to pick the benefit you would prefer from this selection of alternatives.

Getting cash back might not make sense if you have to pay too much per year for a card – or if you don’t use its perks. So think it over carefully.

And always check rates on the appropriate website.

Get a Terrific Credit Card Cash Back

Credit Card Cash Back with Flat-Rate Rewards

Capital One ® Spark® Cash for Business

Check out the Capital One® Spark® Cash for Business. It has an introductory $0 yearly fee for the first year. Afterwards, this card costs $95 per year. There is no introductory APR offer. The regular APR is a variable 20.99%.

You can get a $500 one-time cash bonus after spending $4,500 in the initial three months from account opening. Get unlimited 1.5% cash back with Cash Select.

You will need great to outstanding credit to qualify.

You can find it here: https://www.capitalone.com/small-business/credit-cards/spark-cash/

Credit Card Cash Back with Flat-Rate Rewards and No Annual Cost

Discover it® Business Card

Check out the Discover it® Business Card. It has no yearly fee. There is an introductory APR of 0% on purchases for one year. After that the regular APR is a variable 14.49 – 22.49%.

Get unlimited 1.5% cash back on all purchases, with no category restrictions or bonuses. They double the 1.5% Cashback Match at the end of the first year. There is no minimal spend requirement.

You can download transactions quickly to Quicken, QuickBooks, and Excel. Note: you will need good to outstanding credit to qualify for this card.
https://www.discover.com/credit-cards/business/

Score the best business credit cards for your business. Check out our professional research.

Credit Card Cash Back with Bonus Categories

Ink Business Cash℠ Credit Card

Check out the Ink Business Cash℠ Credit Card. It has no yearly fee. There is a 0% introductory APR for the initial year. After that, the APR is a variable 13.24 – 19.24%. You can get a $750 one-time cash bonus after spending $7,500 in the initial 3 months from account opening.

You can get 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on web, cable, and phone services each account anniversary year.

Get 2% cash back on the first $25,000 spent in combined purchases at gasoline stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases. There is no limitation to the amount you can earn.

You will need exceptional credit to qualify for this card.

You can find it here: https://creditcards.chase.com/business-credit-cards/ink/cash?iCELL=61GF

Credit Card Cash Back with Boosted Cash Back Categories

Bank of America® Business Advantage Cash Rewards MasterCard® credit card

Have a look at the Bank of America® Business Advantage Cash Rewards MasterCard® credit card. Get an 0% introductory APR for the first 9 billing cycles of the account. Afterwards, the APR is 12.24% – 22.24% variable. There is no annual fee. You can get a $300 statement credit offer.

Get 3% cash back in the category of your choice. So these are gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services. Earn 2% cash back on dining. So this is for the initial $50,000 in combined choice category/dining purchases each calendar year. After that earn 1% after, with no limits.

You will need superb credit to qualify.

You can find it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/cash-rewards-business-credit-card/

Get an Outstanding Business Credit Card Cash Back with No Annual Fee

No Yearly Fee/Flat Rate Cash Back

Ink Business Unlimited℠ Credit Card

Have a look at the Ink Business Unlimited℠ Credit Card. There is no yearly fee for the first year. Then pay $250 per year. There is no introductory APR deal. If you pay your bill early, you get a 1.5% discount, with no cap on what you can earn back.

Earn 5% cash back at office supply stores and on cellular and landline phone service, internet, and cable TV; 2% cash back at gas stations and restaurants; and 1% cash back on everything else.. 5% and 2% cash-back bonus rewards apply only to the first $25,000 spent on the corresponding bonus categories each account anniversary year. You will need exceptional credit scores to get this card.

You can find it here: https://creditcards.chase.com/business-credit-cards/ink/unlimited

Score the best business credit cards for your business. Check out our professional research.

Business Credit Cards with a 0% Introductory APR – Pay Zero!

American Express® Blue Business Cash Card

Also have a look at the American Express® Blue Business Cash Card. Note: the American Express® Blue Business Cash Card is identical to the Blue Business® Plus Credit Card from American Express. Yet its rewards are in cash as opposed to points.

Get 2% cash back on all qualified purchases on up to $50,000 per calendar year. After that get 1%.

It has no yearly fee. There is a 0% introductory APR for the initial 12 months. After that, the APR is a variable 13.24 – 19.24%.

You will need great to excellent credit to qualify.

You can find it here: https://creditcard.americanexpress.com/d/business-bluecash-credit-card/

Flexible Financing Credit Cards – Check Out Your Alternatives!

The Plum Card® from American Express

Check out the Plum Card® from American Express. It has an introductory yearly fee of $0 for the first year. Afterwards, pay $250 each year.

Get a 1.5% early pay discount cash back bonus when you pay within 10 days. You can take up to 60 days to pay without interest when you pay the minimum due by the payment due date.

But you will need excellent to exceptional credit scores to qualify.

You can find it here: https://creditcard.americanexpress.com/d/the-plum-card-business-charge-card/

Unbeatable Cards for Jackpot Rewards That Never Expire

Capital One® Spark® Cash Select for Business

Take a look at the Capital One® Spark® Cash Select for Business. It has no annual fee. You can get 1.5% cash back on every purchase. There is no limit on the cash back you can earn. Also earn a one-time $200 cash bonus as soon as you spend $3,000 on purchases in the first 3 months. Rewards never expire.

Pay a 0% introductory APR for 9 months. Then pay 13.99% – 23.99% variable APR after that.

You will need good to exceptional credit to qualify.

You can find it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/

Score the best business credit cards for your business. Check out our professional research.

The Very Best Small Business Credit Card Cash Back with for You

Your straight-out ideal company credit cards depend upon your credit history and scores.

Just you can choose which features you want and need. So, to do your research. What is outstanding for you could be disastrous for another person.

And, as always, make sure to develop credit in the recommended order for the best, speediest benefits.

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