There is no business to large or small that can't benefit from the convenience of a Small Business Micro Loan Card. With low rates and features designed just to help your business, it could be the card you are looking for.
Whether you are the sole proprietor of your own small business or you own a massive company, the Small Business Micro Loan Card could provide you with the convenient features and savings that you need to succeed. It's perfect for everyday needs, but not limited to little things. It's great for self-employed business owners but can handle more substantial purchases too. Indeed, there are many things that this card can do for you.
When considering a credit card, obviously there are a few basics that you would expect. The Small Business Micro Loan credit card, then, offers you many of these things to get you on your way to professional success.
- No annual fee
- No setup fees
- Credit limit of $35 to $750
These features are quite attractive to small business owners who just need a little capital to get things going.
Applying for the Small Business Micro Loan Card is easy to do thanks to the simple online interface. When you get to the website, the first thing they will ask you for is your name and the name of your business. Once you click through this part you will be taken to another page where you can provide more specific business information. Here they will also you for:
- Your business address
- Your business phone number
- The legal structure of your business (sole proprietorship, partnership, non-profit, corporation, other)
- Your business tax identification number
- The category of your business
- Your revenue for last year (from Below $50k to over $5 million)
They will also ask for more specific personal information (basically to verify your credit eligibility).
- Full name
- Authorizing signature e-mail address
- Home phone number
- Date of birth
- Social security number
- Home address
- Mortgage or rent payment (monthly)
- Total annual household income
They will probably also ask for your banking information, including:
- Bank name
- Your bank ABA number
- Business checking account number
The Credit line
Obviously, you probably want to know about the specifics of the Small Business Micro Loan Card. Although this card is designed to be a business product, you still get access to a lot of traditional domestic credit card features:
- Fair standard variable annual percentage rate
- Cash Advances
- Foreign exchange options
All of these things are designed to ensure you have everything you need to keep your business the priority that you want it to be.
Of course, every credit card comes with some fees and the Small Business Micro Loan Card is no different. There are two kinds of fees: penalty fees and maintenance fees. Penalty fees are designed to deter you from irresponsible behavior. They are assessed whenever you:
- If you make a late payment (within two billing cycles)
- Go over your limit
- Have a payment returned
- Late payment APR (not a fee, but a higher rate for payments that are missed)
Maintenance fees are charges that are often assessed for auxiliary features that are also available:
- One-time account maintenance fee
- Monthly maintenance charge
- Minimum finance charge
- Additional card fee
- Cash advance fee
- Foreign Exchange fee
Obviously, there are many ways that you can use your Small Business Micro Loan Card, but not all of them will benefit you all of the time. Still, it is nice to know that there are many options available to you in the event of an emergency or if your business growth suddenly calls for new changes.
For example, you probably won't have to worry about the foreign exchange fees unless you suddenly expand internationally or begin purchasing supplies or products from an overseas company. Still, you will have to pay an exchange rate anyway, so the fee is somewhat tolerable when your needs call for it.
The Small Business Micro Loan Card is a safe and convenient way to get you the capital you need to invest in your small business. Whether you are the sole proprietor or you are starting to grow into a larger corporation this card can give you everything you need.