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Business Credit Cards

Business Credit Cards may be an incredible multi-use option for businesses. They can help transfer balances from other more expensive debts, increase your credit score substantially, and even have additional travel and cash-back benefits. Credit cards can be your worst enemy or your best friend, it's all about knowing how to work the system, and that's what we're here for.

SCHEDULE FREE BUSINESS FINANCE STRATEGY SESSION
(Without affecting your credit!)

Small Business Benefits

Many business owners make the mistake of mixing their personal and business finances. While often this may be a viable option, it's best to keep them separate. Business-specific credit cards help with just that.

Small Business Uses

Usually business credit cards can be applied for with an EIN and even a Paydex score. It opens up a very flexible and easy way to tap into credit. This allows owners to take advantage of various opportunities without cannibalizing their cash reserves.

Education and Guidance

We know that irresponsible use of debt is one of the main causes of cash-flow restrains and strategic use of bankruptcy filings. However, we encourage education to help owners like yourself take advantage of these credit vehicles with all of the upside and little to no downside.

Business Credit Cards

A business credit card and personal credit card operate similarly. They both offer insentives and benefits such as points, travel, and introductory APR options, but they are regulated somewhat differently. That means there can be different terms and conditions for business cards and personal cards, and a savvy credit card shopper needs to understand those differences before they apply. First, let’s review how business and personal credit cards are similar.

1) The way they are used:

Whether it is by swiping, a chip, or using your credit card number, business credit cards can be used to make purchases in person or online just like you would with a personal card. They usually share the same security mechanisms such as the CVV code or expiration dates.

2) Both rely on a personal guarantee.

While it is a business credit card, it will still require that the owner of the card remain liable for that debt. Personal guarantee means that you would have to personally take care of late payment fees or unpaid debt; regardless of the business’ condition.

3) Lastly, personal credit scores are a key to being approved.

The application process may also be different according to your credit score. The lower your credit score, the more financial documentation will you have to share. This includes tax-returns statements, financials, and other forms of proof.  That’s why in any case, it’s extremely useful to have your credit score and financial reports in check.

 

 1) Which credit bureaus get your information

Personal credit cards will almost always report to all three consumer credit report bureaus (Equifax, TransUnion, Experian). Business credit cards will not report to any of these except for situations like a default. 

2) The Terms and Fees 

Personal credit card options are more heavily regulated and therefore you may find less flexibility in interest rates charged or ways that debt can be collected. You may find a larger variety of business credit card options; however, by and large most credit card companies have self-regulated and use similar policies as those with personal cards.

3) How the debt can be collected. 

All personal credit cards that are issued fall under the federal Fair Debt Collection Practices Act (FDCPA), which aims to regulate third-party debt collection practices to protect the consumer. However, most business credit cards don’t fall under FDCPA for it being classified as business debt. For this reason, third-party debt collector may be more aggressive with said debt collection.  

 

Get $5,000 - $50,000

The amount is per card, while you can layer several cards that provide a variety of benefits.

Starting at 0% Interest Rate

Some business credit cards allow a 0% grace period of up to 18 months!

Who Qualifies for Business Credit Cards?

(Based on American SBA’s Previous Customers)

500 Minimum Credit Score

From $5,000 Monthly Revenue

6 Months in Business

How do you apply to Business Credit Cards?

The application process of business credit cards is quite simple, since you only have to apply once with us to receive multiple offers by multiple issuers. You can easily apply by filling up our quick 5-minute application and sending in your current personal credit reports from all three bureaus. 

Your advisor will go over your documents and if there’s any information missing they will be in touch shortly. 

You can find the application by clicking here.

Items you'll need:

  • Driver's License
  • Credit Reports
  • Incorporation Docs
  • Signed Application

Compare Other Loan Types

Type of Loan

  • WCL and MCA's
  • Business Term Loan
  • Lines of Credit
  • SBA Loans
  • Personal Loans

Amount

  • $5,000 - $500,000
  • $25,000 - $500,000
  • $10,000 - $1,000,000+
  • $5,000 - $5,000,000
  • $5,000 - $30,000

Interest Rate

  • Starting at 1.12x >
  • Starting at 7.0% APR
  • Starting at 6.5% APR
  • Starting at 6.0% APR
  • Starting at 5.99% APR

Credit Score

  • 500 > Credit Score
  • 680 > Credit Score
  • 630 > Credit Score
  • 680 > Credit Score
  • 600 > Credit Score
  • Characteristics:
  • $25,000 – $500,0000
  • Interest Rates: 7% >
  • As Fast as in 48 Hours
  • Requires:
  • 3 Years in Business
  • 680 > Credit Score
  • Characteristics:
  • $10,000 – $1,000,000 +
  • Interest Rates Starting at 7.0% APR
  • As Fast as in 24 Hours
  • Requires:
  • 1 Year in Business
  • 630 > Credit Score
  • Characteristics:
  • $5,000 – $500,0000
  • Factor Rates Starting at 1.12x
  • As Fast as in 48 Hours
  • Requires:
  • 3 Months in Business
  • 500 > Credit Score
  • Characteristics:
  • $5,000 – $5,000,0000
  • Interest Rates Starting at 6.0% APR
  • As Fast as in 2 weeks
  • Requires:
  • 4 Years in Business
  • 680 > Credit Score
  • Characteristics:
  • $25,000 +
  • Interest Rates Starting at 5.99% APR
  • As Fast as in 48 Hours
  • Requires:
  • Consistent Personal Income
  • 600 > Credit Score

Working Capital Loans and MCA's

  • Characteristics:
  • Get $5,000 - $500,000
  • Factor Rates: 1.12x >
  • Speed: As fast as 24 Hours
  • Requirements:
  • 3 Months in Business
  • 500 > Credit Score

You'll be surprised what we can do for your business.

Know your options in just a few minutes!

EXPLORE MY OPTIONS

What Industries can Benefit?

Virtually all industries can benefit from business credit cards. Some more than others, but given this product provides such flexible use-cases, opportunities arise in any situation.

Transportation Industry

Business Credit Cards have proven to be a great option for the transportation industry! Funds are likely used for buying trucks, equipment, or repairs. Often a very popular option for this industry.

Retail Sales Industry

Many retail store owners require some extra capital to leverage economies of scale to take advantage of discounted prices and lower costs per goods sold!

Medical Industry

Many medical professionals that require an upgrade in their equipment or an expansion of their current operation resort to business credit cards. Often secure lower rates than the industry average.

Professional Services

Professional services often have the same issue than other independent contractors. There's a demand for work, but no capital for the required resources. This solves that issue!

Construction Industry

Contractors often have many projects ahead that are left untreated for lack of proper resources. Having extra credit at their disposal allow them to bridge the gap and get more work!

Restaurants and Bars

Time-in-time again we service owners with broken essential equipment. Every day without it is costing them money. This product serves useful as it is the fastest road to credit without eating through cash reserves.

Our Achievements

A+ Better Business Bureau Grade We've been accredited with an A+ grade with the BBB for 4 years in a row!
Michael Wallace - Managing Director "American SBA shed light on options I didn't even know I had..."
Graciela Broward - Founder and Owner "You won't find a better and honest team of financial consultants, promise.."
Jason Malave "...this revolutionized my capital acquisition process dramatically."
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Satisfied Business Owners

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Loans Under 14% Approved

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Free Financial Audits Done

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Successful SBA Approvals

Have specific questions?

Give us a call or email us!

submit@americansba.com
Click to Call (833) 735-4800

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