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Paying Yourself with Credit Cards

Should you use low-interest credit cards to fund your homebased startup? Our experts weigh in.

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This story appears in the February 2006 issue of Entrepreneur. Subscribe »

Q: Should I use zero percent interest credit cards for income until my homebased business picks up? I don't want to use any more of my savings, nor do I want to jeopardize my good credit.

A: It's not unusual for entrepreneurs to use credit cards to fund startup operations. In fact, according to Federal Reserve data, credit cards account for 39 percent of small-business borrowing. So should you take advantage of offers for "free money"?

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