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Small-business cards are typically designed to meet the needs of small businesses, while corporate credit cards are better suited to the needs of corporates with millions of dollars in annual ...
Corporate Credit Cards. Small Business Credit Cards. Availability. For larger, established businesses often with revenue of $1 million+. For small companies, sole proprietors, freelance workers ...
Business credit cards tend to come with higher credit limits than personal credit cards. A higher limit can provide more flexibility in the face of the steep operating costs small businesses can ...
Business credit cards are specialized credit cards issued in the name of a registered business, and typically they can only be used for business purposes. Their use has grown in recent decades. In 1998, for instance, 37% of small businesses reported using a business credit card; by 2009, this number had grown to 64%. [42]
Business credit cards are similar to personal credit cards but designed with small-business owners in mind. Most of these cards are unsecured , though there are some secured business cards on the ...
small business: an organization that is small (in employees or revenue) and may or may not have the intention to grow. Many small businesses are sole proprietor operations consisting only of the owner, but many have additional employees. Some small businesses that offer a product, process or service, do not have growth as their primary objective.
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