How are Commercial Credit Bureaus and Lenders Using Social Media to Make Credit and Lending Decisions?

Your social media accounts are places where you can connect with others. They are platforms where you can seek entertainment or seek to entertain. They are places where you can market and grow your business. What you might not realize, however, is that your social media accounts may also be used for a very different purpose. Those accounts you use to try to grow your brand could impact your ability to borrow money for your business as well. Why Commercial Read More

How Fast Can I Get Approved For a Business Credit Card?

We already know that you can apply for most business credit cards and credit products, day or night, within minutes. The more pressing question most business owners have, however, is “when will I know if I’ve been approved?” While desperation is usually not a good place to be when applying for credit, the waiting game can be torturous for a company who just needs a little financing help to move forward with a product launch or the next phase of Read More

How Do Sole Proprietors File Business Taxes?

Have you recently started consulting, opened an online or physical store, picked up freelance work, or started a side gig? Congratulations, you’re now a business owner! Even if you haven’t formed a business entity, such as a limited liability company (LLC) or S corporation, you’re running a sole proprietorship. One of the best parts of being a sole proprietor is that you don’t have to file a separate business tax return. Instead, you’ll report your business income and expenses on Read More

Leverage Credit to Grow Your Business (VIDEO)

How does credit impact your small business, and how can you use it to your advantage? In this brief video (just ten minutes), I’ll help you understand how to leverage credit to grow your business.   Transcript: Leverage Your Credit To Grow Your Business (This transcript has been lightly edited for readability.) Welcome to the Nav webinar “Leverage Your Credit To Grow Your Business.” I’m Gerri Detweiler, Education Director for Nav, and there’s my contact information – you’re more than Read More

10 Ways to Get Paid Faster

Not getting paid on time? You’re not alone. Nearly half of B2B small business owners – 48.8 percent, to be exact –  are struggling to get paid on time. And while the occasional late invoice may not have a dire impact on your financial health, numerous or frequent late payments can be disastrous. Without a reliable cash flow, business owners quickly run into operational setbacks, including the inability to pay vendors and suppliers, their employees, and in many cases, themselves. Read More

Invoice Financing vs. Invoice Factoring: What’s the Difference?

Sometimes, the money your customers owe you just can’t come soon enough. Just like any other business owner, your clients may be struggling with cash flow or any variety of budget issues, and that, in turn, impacts your business. There are a variety of steps you can take to get that cash quicker, from offering to waive late fees or interest, or certain incentives for early payment, but even these may not bring in the cash from those unpaid invoices. Read More

How This Mom’s Ever-Growing Laundry Pile Inspired a Business

Any parent of young children can relate to the constant struggle of staying on top of laundry. Angelyn Myers, founder of My Buddy Towel, is no different. The mom of six was especially frustrated when one of her children insisted on using three towels to keep warm after bath time, adding significantly to the laundry pile. Myers knew there had to be a better way, so she invented My Buddy Towel, a combination towel and onesie to keep kids comfy Read More

5 Business Loans you can get 24/7

Small business owners are crunched for time, and many work an increasing number of hours each week to get all of the admin, personnel, financial, and operations duties done. Where will they squeeze in a few hours for running to the bank for a business loan? Thanks to technology, an in-person meeting with a loan officer is not always needed. These options are available 24/7, and most can provide an approval response within minutes: 1. Your Bank Yes, I know Read More

Cash Crunch? How to Find Hidden Cash in Your Business

Running a business often comes with a significant amount of challenges regarding cash. From emergencies to new opportunities, there are plenty of situations that can either drain your business bank account or send you scrambling for cash. There are plenty of options as far as financing go, but you may not be willing at the moment to apply for a business loan or a business line of credit. There’s always a better way to do things and adjustments to be Read More

4 Ways to Find Cash to Fund Your Business

Starting a small business is difficult, there’s no way around it. From writing a business plan to locking down the logistics of getting everything rolling, there are a lot of plates to keep spinning. Along with all of that, you need to find money to do it all. This is, perhaps, the most discouraging element of starting a business, but it doesn’t need to be. By taking the right steps and getting started on the right foot, you can not Read More