How to Borrow Money for Nearly Nothing

Just like personal credit cards offer introductory bonuses and benefits so do business credit cards. The offers are there to entice you to use their funds. When you use it responsibly and profitably more and more of it becomes available to you. Taking advantage of the introductory offers and the ongoing offers you can get credit card loans for 0% almost perpetually or maybe even perpetually, we’ll see…

Before anyone gets upset with me give me a chance to finish what I am saying…

There is often a balance transfer fee of 3%-5% that you have to pay.

While that can add up it is still much less than the 20%+ that many cards are charging nowadays.

When you have your business set up and you have made sure you are ready to apply for credit cards and qualify for maximum fund-ability you can then get a balance transfer credit card, one of the ones that charges 3%-5% of the transfer amount, and transfer it to your bank account, if allowed.

If not allowed you can transfer balances from other cards you have or you will have to get creative.

After paying the fee or financing it into the loan amount, you will have a 0% apr loan for 6-18+ months.

By keeping your balances at less than 30% utilization you will be showing responsible use and your credit score will go up.

As your score improves you should be getting more credit offers and be able to use the balance transfer technique to liquidate your credit and use it for investments that you can’t “traditionally” use a credit card for.

Another idea, one I haven’t personally done, is to use more than one llc or business entity to provide services to the other company for a fee and use a paypal or venmo account to charge your business for your services.

Of course, any ideas you get from strangers on the internet must be researched thoroughly and you must understand what you are doing and be sure you are complying with all federal, state, county, and city or local ordinances and pay all necessary fees and taxes.

For a better and more organized explanation for acquiring and utilizing business credit effectively check out:

BUSINESS CREDIT BUILDER – $ Million Business Credit Cards

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