Using personal credit cards to fund a new startup?


Has anyone risked using credit cards to fund their startup in the beginning? I have looked at other options like angel funding, bank loan, etc. But none of those channels is something that I can raise money from this early in my business.

My business is not completely tech-based so does require funds to buy the physical products. It's a not a unique product, thus I can't use crowd funding sites like Kickstarter either.

Getting Started Funding Credit Cards Capital Fundraising

asked Sep 16 '14 at 16:45
Benita Mc Dermott
4 points
Get up to $750K in working capital to finance your business: Clarify Capital Business Loans

1 Answer


I have actually used credit cards to fund the early start of my business with a little bit of funding from an angel, From things I have read it's considered a sin to fund a start-up on credit but that's what I did and my business has been going for close to a decade now, so it worked out pretty well for me so far, I'm at the stage right now where I'll be looking to raise more funds for expansion elsewhere then using credit. But at the time I could only find so much money from an angel investor and credit was the other easy option to get things rolling, it's certainly a huge risk and it puts even more pressure on you to perform and get things going as you now have even more chips in the pot.

But if you're willing to take the risk then it's certainly an option if you can't find money anywhere else, I'm not sure if you've tried looking at micro-loans, they're an alternative to bank loans and focus more on local/small businesses.

answered Jun 1 '15 at 06:09
11 points

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Getting Started Funding Credit Cards Capital Fundraising