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Release Date: November 29, 2004 This content is archived.
An article in today's issue of The Wall Street Journal on entrepreneurs who lean heavily on credit cards when starting up their businesses quotes Lewis Mandell, professor of finance and managerial economics, who says the only situation in which an entrepreneur might consider racking up a lot of debt on a corporate cards is "if you have an almost-sure thing and just need to finance a couple months of credit in order to do production and finance receivables." The article is not available online.