Now that my e-commerce business has a little bit of steam behind it, I'm looking to get a business credit card in order to A. increase my spending limits, and B. separate my business expenses from my personal.
I'm wondering what I need to look for in a business credit card. Any input would be helpful. My main purchases will be for product imported from China. This is where I will need to have a little spending power. Other purchases will be comparatively minute, such as ad spend, some packing material, some shipping, Amazon fees, etc.
My fear is the time it will take between making a large product purchase and then finally receiving the inventory, and then selling enough of it so that I have the cash to pay off the initial purchase. How do you import guys avoid accruing too much interest during this phase?
Anyways, I'm looking for a business credit card to best fit my needs. Any suggestions?
I'm wondering what I need to look for in a business credit card. Any input would be helpful. My main purchases will be for product imported from China. This is where I will need to have a little spending power. Other purchases will be comparatively minute, such as ad spend, some packing material, some shipping, Amazon fees, etc.
My fear is the time it will take between making a large product purchase and then finally receiving the inventory, and then selling enough of it so that I have the cash to pay off the initial purchase. How do you import guys avoid accruing too much interest during this phase?
Anyways, I'm looking for a business credit card to best fit my needs. Any suggestions?
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