Study: Credit card financing boosts chance of small-business failure

04/19/2010 | Sarasota Herald-Tribune (Fla.)

As traditional sources of funding tighten, more small-business owners are turning to credit cards to help finance their businesses. But every $1,000 increase in credit card debt increases the chance that a business will fail by 2.2%, found a study by Robert Scott of Monmouth University. Experts recommend small-business owners avoid long-term credit card debt and look instead for alternative sources of funding.

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Sarasota Herald-Tribune (Fla.)