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"Ben, I want to say one word to you--just one word:plastics." Thirty years after that succinct career advice waspressed on Benjamin in "The Graduate," another kind ofplastic--credit cards--is launching thousands of businesses eachyear.
About 70 percent of small businesses are funded by credit cardsand personal savings, according to NEBS, a Groton, Massachusetts,provider of business and computer forms.
"Credit card start-ups don't necessarily remain smallbusinesses for long," says Kelly Presta, spokesperson forVisa. Be warned, however, that credit card financing can carrysizable transaction fees and higher interest rates from the day thefunds are accessed.
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