It can be challenging to obtain financing for your business when you are just staring out. Banks and other financial institutions are generally hesitant to offer generous loan terms to "risky business" applicants. Even with a bulletproof business plan, you may need to look to other ways of financing beyond business loans, including a business credit card.

If you manage your personal finances wisely, you're likely to manage your business finances well too. Keep in mind you will need to be thrifty with business spending, and pay off as much as you can each month, and on time.

There are also some benefits to using a credit card for your business. It's convenient, quick, and you never have to wait for approval of funds when you are making purchases. You can kiss your checkbook goodbye (for the most part) and avoid per check fees. You can also make more purchases online and over the phone. And you can track your purchases easily on one credit card statement (if you're using only one credit card for your business).

A handy trick is to make a mental note of your billing date, and plan for larger purchases right before this date. That way, you get the maximum grace period!

Using your business credit card may also spare you from losses if your purchase you made online, over the phone or mail-order never arrives or arrives damaged. Depending on what type of business credit card you have, you could also earn bonuses, travel rewards or cash back.

Of course, if you can obtain other sorts of business financing than business credit cards, that should be your first choice, but don't look at business credit cards as all negative when financing your startup. Monitor your spending carefully, and make your payments each month, and enjoy the rewards your business credit card brings!