Meet Sawtooth Services: 2nd Runner-Up of Nav’s Business Grant

Bryce DeLay began Sawtooth Services, a tree trimming and removal service in Nampa, Idaho, in June 2018. The small team at Sawtooth serves the Boise area, specializing in hazardous tree removal. To save on costs and make the work more efficient, they fabricate their own equipment while they pick up state and federal contracts throughout the State of Idaho. Bryce and his team have been heralded by their customers for their kind attitude and thorough work whenever they’re called in Read More

Loan vs. Line of Credit: What’s The Difference?

The primary difference between is that a loan is an installment account, while a line of credit is a revolving account. With a loan, you receive the money immediately and repay it over a predetermined period. A line of credit works like a credit card, allowing you to repeatable borrow and repay against your credit limit.  Small business owners often turn to loans and lines of credit to finance different types of business operations. Both options can give you access Read More

8 Ways to Finance a New Business: How to Finance a Business

Starting a business is exciting but there’s one big question you have to answer right off the bat: How will you fund it? The good news is, there are plenty of business financing avenues to choose from for entrepreneurs who need cash to get operations up and running. Read through this in-depth guide to learn how to finance a new business, then explore your business financing options.  Common Methods for Financing a New Business There are multiple ways to finance Read More

SUTA Tax Guide: What is SUTA and Who Pays it?

As a small business owner, you can enjoy a flexible schedule, unlimited earning potential, and a number of other perks. One drawback of owning a small business, however, is SUTA taxes. If you were previously a traditional 9 to 5 employee, SUTA tax probably didn’t apply to you.  You were responsible for Social Security and Medicare taxes but not SUTA. Now that you’re an employer, rather than an employee, it’s important to understand what SUTA is and how it may Read More

Refinance Business Loans: Complete Guide to Business Loan Refinancing

For many small business owners, business loans are critical to financing company growth and development. The savviest entrepreneurs keep their eye on the market and monitor for opportunities to score better loan interest rates or find payment terms that better match company needs. The process of refinancing a business loan is similar to the process of initially obtaining one – There is a lot of waiting and plenty of paperwork required. However, the work involved is often more than worth Read More

AR Finance: Accounts Receivables Financing Guide for Small Businesses

Accounts receivable financing is one avenue you might consider in lieu of business loans or credit cards when you need working capital. Also known as AR financing, it can be a quick and convenient way to get cash for your business to help meet short-term financial needs. Just like any other funding option, account receivable financing has both pros and cons. Here’s what you need to know. What Is Accounts Receivable Financing? Account receivable financing is a funding option that Read More

SBA Loan Default: SBA Loan Forgiveness

If you don’t have all the funds to start your new business venture yourself, you may look into alternative ways of funding, including a US Small Business Administration loan, or an SBA loan. An SBA is a type of federal loan that new businesses can use to start and grow their companies. But if times have been hard or you haven’t gotten the sales you originally expected, you might not be able to make payments on your SBA loan. Eventually, Read More

ACH Loans: What is an ACH Loan?

As a business owner, you may have heard the term ACH before. You might accept ACH transfers as a payment method from customers. For those of you who aren’t familiar with this banking term, ACH stands for automated clearing house. It’s a method of moving money from one bank account to another without using paper checks.  If your company needs to borrow money but it can’t qualify for a traditional business loan, you may decide to consider alternative financing options. Read More

Business Licensing Requirements by State

State Business License A state business license is a document that offers proof that a business is legally allowed to operate in that state. Some states require business licenses at the state level, but oftentimes business licensing is done at the city or local level. Do I Need a Business License? Do I need a business license? We get this question all the time, and the answer depends on the type of business you run. Every state (as well as Read More