Business Starting Grants

Small business financing strategy, whaddaya think?

Hi, around the Christmas season, I plan to open a small business. I will be putting some of my money upfront for web design and some small expenses, but I need a loan for inventory, marketing, etc....I was thinking with all the 0% introductory offers I get in the mail from the credit card companies, that maybe I can use this as a short term financing. For instance, let's say I need 4000, and i get an offer that gives 0% financing on all purchases for, say, 12 months. If I know that I could pay it off within 12 months(because I will be holding on to my full time job until the biz gets off the ground, so money will still be coming in), then this is basically an interest free small biz loan. And if I need another loan, I would just find another such offer at the end of the 12 months. Has anyone ever tried this and what do you all think.

Public Comments

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