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Anyone ever use cc to start a BIZ

Discussion in 'Credit Talk' started by Brenda, Nov 29, 2001.

  1. Nov 29, 2001 #1
    Brenda

    Brenda Well-Known Member

    I am start a Co and I plan to use my credit cards as start up money.I just want if anyone did that and how it work out?
     
  3. Nov 29, 2001 #2
    GEORGE

    GEORGE Well-Known Member

    Many people have done it...just like any business, it MAY work, it MAY fail...

    PEOPLE HAVE EVEN MADE MAJOR MOTION PICTURES WITH CREDIT CARDS...
     
  4. Nov 29, 2001 #3
    Hal

    Hal Well-Known Member

    I agree with George - it is possible and the success vs failure rate is probably equal.

    You might want to check with the Small Business Administration regarding loan/grant programs - there are many available and if you are eligible you will be able to obtain some or all of your start up funding and still have your credit lines free.

    http://www.sba.gov/financing/
     
  5. Nov 29, 2001 #4
    Gregory

    Gregory Well-Known Member

    I started my small, home-based business with credit cards back in 1997. My business did quite well, and I paid them all off, but that was the only source of "capital" I could obtain to buy office furniture, equipment, etc. I have since scaled back my business because I don't have alot of time (or energy anymore) to increase my client volume.
     
  6. Nov 29, 2001 #5
    Brenda

    Brenda Well-Known Member

    That is what I want to use them money for to start a film Co.
     
  7. Nov 29, 2001 #6
    Hermit5

    Hermit5 Well-Known Member

    Sun Microsystems Did!
     
  8. Nov 30, 2001 #7
    creditwork

    creditwork Well-Known Member

    CreditWork$ was started with credit cards and continues to operate with credit cards. We have been around since '96.

    www.creditsense.com
     
  9. Nov 30, 2001 #8
    Brenda

    Brenda Well-Known Member

    Great this gives me hope.
     

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