When money is tight or the situation is right, more and more entrepreneurs seem to be willing to take a leap of faith and finance their dreams with credit cards. With bank lending practically nonexistent for small or micro-business financing, would-be business owners turn to any means they can to get startup cash.

Banks are usually unwilling to lend someone startup capital unless there is major collateral involved, say someone's house! Many times the startup entrepreneur is usually a younger person, who may not have acquired enough assets to qualify for traditional financing, so it becomes very easy to take the easy, fast way to many thousands in readily-available cash, through the use of several credit cards.

The nearly inevitable downside to all this is that in the not too distant future our budding business person is now strapped with a debt load his or her fledgling business can't cover, and the problems begin. They begin trying to cover the payments from other areas intended for the business, and God forbid other credit cards. The entrepreneur has suddenly taken on the role of debt manager as well, and the attention they should be giving their business is doled out on more mundane, though entirely necessary dealing just to keep the operation afloat.

More entrepreneurs need to realize that this is almost never a good way to finance a new venture. It's hard enough for a new business to make it, let alone with a mountain of debt to overcome!