A business credit card can be an excellent way to build your business credit history and manage your cash flow. Unfortunately, credit card issuers typically prefer borrowers with high business or personal credit scores. As a result, you might find that you have a difficult time being approved for a card with insufficient credit. That’s where secured business credit cards come in. A secured credit card is one where you put down a security deposit, which serves as your credit limit. For example, if you wanted a credit limit of $10 000, you would put down a security deposit of $10 000. As you use the card and pay your…
