Answer:
Although best used as a last resort, many small businesses find it convenient to use credit cards as a short-term source of financing. although this form short-term debt comes with high interest rates, it provides a quick line of credit for many firms, including start-up companies who may not be able to secure bank loans.
Explanation:
A credit card is defined as a document of plastic material issued by a bank or specialized institution in the name of a person, who can use it to make purchases without having to pay in cash and can also take the payment of the products to periods futures.
Credit cards usually have a money limit that allows the person to buy or consume services the card is disabled. However, the credit card issuer charges the merchant a percentage for this service and in some cases a fixed annual fee to the holder.
