Due to current market conditions, we currently have no available balance transfer credit cards for business owners. Beginning in November of 2008, companies that issues business credit cards pulled most of the best 0% balance transfer offers from the market. Today, some business credit card issuers may still provide 0% rates on purchases only, although it may be possible to find business balance transfer offers.

For sole proprietors, using a consumer credit card that offers 0% balance transfers may be an effective way to cut down on interest expenses. However, for small business owners with limited credit histories and/or high outstanding balances, finding a business card for balance transfers may prove a difficult task.

As a small business owner, I can still remember the days when offers for 0% balance transfers flooded my mailbox on a daily basis. Unfortunately, I haven't seen one of those offers in quite some time. One of the true tragedies of the credit crisis is that small business owners are being squeezed very hard by creditors. Whether its credit limit decreases or interest rate increases, the costs of doing business with credit are exponentially higher than they were one year ago.

Hopefully, credit card companies will extend us a helping hand in the near future. But right now, many are biting the hands that feed them. Until then, I wish you all the best of luck and hope the drive that proppelled you to start your own business will help you find creative ways to get through the next few months.