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5.Paying Business Start-up Expenses
Paying your business expenses using your credit card is a bad idea because it generally takes a few years for the business to reap profits , and at the mean time you could be paying really high interest rates on the debt .
It is a better idea to take a small business loan as interest rates on a traditional loan is lower than the interest rates of credit cards .
The table below compares APRs on Credit Cards and Business Loans :