Small businesses call for cap on credit card costs to ease finance squeeze
Tuesday, December 30, 2008
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The most common source of finance for start-ups and small businesses is a credit card - either that of the entrepreneur founder or provided by the business’ bank. So it comes as little surprise that small business leaders are calling on the government to prevent credit card companies from charging penal interest rates during the Credit Crunch. This article in the Telegraph explains more about the FSB’s campaign and also has some useful commentary on other initiatives to ease SME cash flow problems during 2009.
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