How to Grow Your Business with Credit
Growing your business doesn’t have to mean using your savings or giving away ownership.
Using credit the right way can help you fund growth, stay in control, and save money while doing it.
In this week’s Leverage Letter, we’ll walk you through how to make credit work for you—with simple strategies, real success stories, and tips to avoid mistakes.
Why Credit is a Game-Changer
Credit isn’t just for emergencies—it’s a tool to help your business grow faster.
Here’s why:
Get the Funds You Need: Use credit to pay for marketing, inventory, or new equipment without touching your cash.
Keep Full Ownership: Unlike investors, using credit means you don’t give up a piece of your business.
Open Bigger Opportunities: Good credit gives you access to better terms, higher limits, and interest-free options.
Whether you want to expand, launch something new, or improve operations, credit can help you reach your goals.
Step 1: Figure Out What You Need
The first step is knowing where credit can make the biggest difference in your business. Here are some common areas:
Marketing: Run ads on platforms like Google or social media to reach more customers.
Inventory & Equipment: Stock up or upgrade to keep up with demand.
Smooth Cash Flow: Cover expenses during slower months without stressing about cash.
Having a clear plan helps you choose the right credit option.
Step 2: Pick the Right Credit Tools
Not all credit works the same way. Here are three great options to consider:
1. Business Credit Cards
Best for everyday expenses and earning rewards you can reinvest in your business.
Amex Business Platinum: Earn points and get perks like airport lounge access.
Chase Ink Business Preferred: Earn 3x points on travel, advertising, and shipping.
Pro Tip: Pair business cards with personal cards to maximize rewards on all your spending.
2. 0% APR Cards
Great for big purchases. These cards give you interest-free financing for a set time.
Ink Business Unlimited: 0% APR for 12 months on purchases.
3. Business Lines of Credit
Use this option for short-term needs. You borrow only what you need and pay interest on just that amount.
Step 3: Use Credit to Grow
Once you have the funds, put them to work where they’ll make the biggest impact:
Invest in Marketing: Grow faster with ads on Google, social media, or LinkedIn. Use rewards points to offset costs.
Upgrade Operations: Buy better tools, hire key team members, or improve technology to be more efficient.
Expand to New Markets: Cover market research costs, setting up shop, or advertising in new areas.
Step 4: Avoid Risks
Using credit is powerful, but it’s important to manage it well:
Keep Credit Usage Low: Stay under 30% of your limit to protect your score.
Plan for Repayment: Always have a plan to pay off what you borrow.
Track Your Credit: Use tools like Nav.com to monitor your credit health.
Success Story: Growing Smart with Credit
Jamie needed $150,000 to grow her e-commerce store.
She used business credit cards with 0% APR offers and a line of credit to buy inventory and run ads.
Within six months, her revenue tripled, and she paid off the debt without paying any interest. Plus, she earned enough points to book a business-class trip to Brazil.
Credit wasn’t just helpful—it was the key to her success.
Booking of the Week:
Route: London (LHR) → Los Angeles (LAX)
Class: United Polaris Business
Award Rates:
Air Canada Aeroplan: 70,000 miles + $375
LHR - LAX Booked via Air Canada
United MileagePlus: 80,000 miles + $323
LHR - LAX Booked via United
The above is the same United flight but can be booked at different award rates.
Would you book for 10,000 more miles through United or pay $52 more in taxes by booking through Air Canada?
Cash Price: $11,466 - a ridiculous one-way rate.
A round trip nonstop Business Class class on this route costs $5,000 on average.
LHR - LAX Booked with Cash
Pro Tip: By transferring Chase Ultimate Rewards points to Aeroplan during a 20% bonus, this flight cost only 59,000 points instead of 70,000—a huge savings.
Current transfer bonuses.
Where you book and how you transfer points makes all the difference.
If you need help booking at the best rate, check out our Award Booking Service.
Let’s Grow
Scaling your business doesn’t have to feel overwhelming.
You can grow faster with the right credit strategy while keeping your cash flow strong.
Ready to build your strategy?
Click here to fill out our questionnaire and let’s work together to help your business grow smarter.
Here’s to smart decisions, bigger opportunities, and exciting growth.
See you next week in The Leverage Letter!
Cheers, '
Ade O.