A secured business credit card requires a cash security deposit. This deposit acts as collateral for the lender. If a secured card user fails to pay, the lender can use the deposit to cover the debt. This reduces risk for lenders, making it easier for businesses to get credit. Using a secured business credit card responsibly can improve a company's business credit score. Timely payments and low credit utilization show lenders that a business is reliable. Over time, this responsible use can lead to better offers, including unsecured business credit cards with higher limits and lower interest rates. The post How Secured Business Credit Cards Work & Best Options: The Essential Guide appeared first on United Capital Source.

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