Many entrepreneurs use credit cards to initially finance their business. If you go this route, you need to treat the credit card debt as an installment loan and pay it back as soon as possible. You should also shop around to get the best rates—credit card interest can be steep.
Establish guidelines for credit card borrowing. For example, do not borrow any money you cannot repay in ninety days. Make sure to keep accurate financial records that separate your personal expenses from business expenses. A good strategy is only to use credit cards for the purchase of a long-term asset like a computer, or for something that will quickly generate cash, like buying inventory to fill an order. Do not use credit cards to pay expenses that are not generating revenue.