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A comment on Startup Finance for Founders — Part I, Accounting. Parent comment

Re:Startup Finance for Founders — Part I, Accounting by manishsharan on Friday July 26, 2024 @11:30AM (#41079454)
This boggles my brain. Why would you give credit card companies extra money to hold for you?

Get an AmEx with the balance you need and use that . Much better service and protections. Or apply for a new Business Credit card with your bank.

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Re:Startup Finance for Founders — Part I, Accounting by rco8786 on Friday July 26, 2024 @11:56AM (#41079660)
> Why would you give credit card companies extra money to hold for you?

"they had the cash on hand and mostly wanted to avoid declines on their cards"

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Re:Startup Finance for Founders — Part I, Accounting by sanswork on Saturday July 27, 2024 @04:20AM (#41085206)
In a lot of the world it's difficult to get the kind of credit limits people in america are used to even for businesses with good cash flow.
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