This huge obstacle to first-time financing is what drives many entrepreneurs to use the " easy money" available through maxing out their credit card. You hear about the few successes who created their company by loading up their credit cards. What you don't hear about is the vast majority who do it and end up badly, even bankrupt. I urge the strongest caution before you take on 18 percent-plus financing from any source, but especially from credit cards. if it's too easy,as in using a credit card, then it's probably the wrong way to go.