I only just paid off the last two of my MasterCards in 1996. Card companies are rethinking their corporate-card policies, including the possibility of awarding cards to younger companies. Still, the days of ready corporate credit for start-up businesses are far in the future. For the moment it seems that capitalizing with credit cards will remain a Faustian bargain. Don't resort to cards because they're easy.
Credit cards are a last resort.
So would taking a cash advance to meet payroll. Today a dramatic change is in the making. Credit-card issuers are no longer turning a blind eye to the use of personal cards for business purchases. So it's no wonder that credit-card companies want to turn consumer cardholders into corporate cardholders. And technology is on their side.