Despite the seemingly innumerable challenges in their path, thousands and thousands of people come to the United States each year with hopes of economic prosperity. A good portion seek to do so by starting their own business. While immigrants make up 13% of the U.S. population, they account for 18% of small business owners. This is, in and of itself, inspiring and should draw appreciation for the hard-working spirit of so many who choose to make this country their home. Despite the willingness to work and make the American Dream come true, there are certain barriers that can make this already-difficult lifestyle more challenging for immigrant business owners.
To offset the financial challenges of running a business, many business owners seek various forms of financing, including business credit cards. Getting a credit card can be especially difficult for immigrants, who may have to go through extra hoops in the application process and deal with a limited or non-existent personal credit history. Fortunately, there are some options that are still available to immigrant business owners and can help keep the dream alive.
For any business owner, cash is king. With the, your cash back rate is complimented by a relatively low APR. With an intro APR of and , this is a great card for a business owner with credit profiles under construction. You’ll also enjoy .
As well, Capital One business cards report to personal credit, meaning this card can help establish both a personal and business credit history.
While some cards carry hefty annual fees, it’s not impossible to find one with no annual fee, even if your credit is still building. Theoffers . With a healthy rewards rate and reasonable APR, this can help keep your business dream alive.
Another offer with no annual fee, theallows you to reinvest in your business with automatic cash back in the form of a monthly statement credit. Enjoy an intro APR of Earn