Loan climate chilling Main Street Nov 5, 2009
The recently enacted Credit Card Act, which was designed to regulate individual credit cards, does not apply to the vast majority of business credit cards. Despite the lucrative rates, however, many card issuers are getting out of the business because of the rising number of defaults and bankruptcies. (San Diego Union-Tribune)
Credit cards to face restrictions Oct 27, 2009
Page last updated at 09:11 GMT, Tuesday, 17 March 2009. Britain's credit card debt is 53bn. (BBC News -- UK)
Sales Associates Eligible for SBA Loans Aug 11, 2009
Thus, if practitioners have maxed-out business credit cards (it has to be business-related debt; personal debt won't qualify), they can pay that debt off with the far-more attractive SBA loan. SBA's two flagship loans, known as the and loans, are also open to individuals. (Realtor Magazine Online)
Credit card companies fail, businesses scramble (41) Aug 11, 2009
Advanta Corp. was shutting down its credit card business, canceling the business credit cards the two were using for cash flow in their various successful business ventures ... A May survey sponsored by the National Small Business Association found a majority of respondents 59 percent used business credit cards for cash to carry them through while waiting for customers to pay. (Corvallis Gazette Times, OR)
Advanta agrees to refund customers up to $35M in FDIC agreements Jul 2, 2009
-based company violated federal trade laws through its pricing strategies on business credit cards, and in its marketing of cash-back rewards on the cards. Advanta said it did not admit wrongdoing and that it entered the agreements in the interest of expediency and to avoid litigation. (Philadelphia Business Journal, PA)
Landrieu, Snowe Push for Increased Credit Card Protections for Small Firms May 14, 2009
"The current lending crisis, however, has only exacerbated this trend. According to the National Small Business Association, the number of small businesses reporting that they use credit cards as a source of financing has increased by 18 percent just since August -- from 41 percent to 59 percent. The National Federation of Independent Businesses estimates that the number of small businesses using credit cards could be as high as 85 percent. At the same time, many small businesses have reported... (PR Newswire)
Frugal Ideas for Traveling May 4, 2009
Some business credit cards or consumer credit cards offer rewards programs that include frequent flier mile redemption. Many credit card companies have special card holder discounts on everything from museums to hotel rooms. (Suite101.com)
What are the changes? Mar 9, 2009
Some exceptions are business credit cards like the Spirit program from American Express. Do I Need to Change / Update Cards. (Sydney Morning Herald -- Technology)
Loraas charged with felonies Feb 26, 2009
Natalie Johnson, owner of the Cowgal's Great Bend Saloon, alleges Loraas acquired two business credit cards - one in her name and one in her husband's name - and another employee's ATM card personal identification number. Johnson, displaying statements after Tuesday's appearance, showed 13 charges to her husband's credit card and 55 charges to her credit card expending nearly 1,500. (Wahpeton Daily News, ND)
