The freedom to be the boss is just one of the perks sought after by business owners. But along with this freedom comes the concern of fulfilling responsibilities to customers, employees and lenders. Chief concerns are usually those dealing with money.

Small business owners frequently borrow funds and often use credit cards to get their business off the ground. The most frequently used kinds of credit were personal and business credit cards, lines of credit and vehicle loans according to a study published in 2003 by the Small Business Administration. In fact, 46% percent of small firms used their personal credit cards and 34% used business credit cards to help in their business matters.

While it is sometimes necessary to utilize personal credit cards during the start-up phase of a business, continuing to use a personal credit card may not be the wisest choice once a business is established.