Category: Business Financing

4 Ways to Increase Your Small Business Revenue

4 Ways to Increase Your Small Business Revenue

Without revenue, businesses die. When companies stop innovating and bringing in increasing amounts of revenue, things get stagnant and may begin to recede. No matter what your short-term goals are, such as hiring more employees, nailing down a bigger office space, paying off debts, or becoming profitable as a business, bringing in more revenue is crucial. Be sure to check your business credit score for free with Nav for more context to help your business be successful. Here are four… Read More
How to Get a Business Loan With Bank of America

How to Get a Business Loan With Bank of America

If you’re considering a small business loan or line of credit to help your business take that next step, Bank of America could be a great option. With millions of small business customers and a great variety of products and rates, they may just have what you’re looking for. Like with any bank, it’s good to know how to be prepared before applying for a loan or opening an account. Here’s an overview of some of Bank of America’s offerings… Read More
Why Time in Business Matters to Lenders

Why Time in Business Matters to Lenders

If you're a business owner, you know time is a precious resource. But did you know it can also play a major role in securing financing? That's because many lenders include “time in business” as a factor when evaluating applications for financing. Lenders often require that a business be established for a minimum number of months before it is eligible for small business loans. “Time in business is an important factor lenders and banks look at when evaluating financing applications,”… Read More
How to Get a $20k to $50k Business Loan

How to Get a $20k to $50k Business Loan

Here's one of the most common questions we get from business owners: "I have been working in my industry for a long time. I have this great idea and I am ready to strike out on my own. I need $50,000 to start up my business. Where can I get a small business loan?" Before the business is established, it's unlikely for you to get a $50,000 loan from a bank or even from non-bank lenders like LendingClub or FundingCircle. However, if… Read More
Gerrymandering Could Be Hurting Your Chances of Getting a Business Loan

Gerrymandering Could Be Hurting Your Chances of Getting a Business Loan

In this day and age, it can be difficult to make sense or even care about political news. If you're occupied in the many facets of running your own business, it could be the least of your concerns. Recently, however, a new study has emerged regarding gerrymandering, a hot topic in Washington, and the unexpected economic consequence it could have for small business owners. What Is Gerrymandering? Gerrymandering has been practiced since the early 19th century, when Massachusetts governor Elbridge… Read More
3 Business Credit Cards That Can Help You Work on Your Credit

3 Business Credit Cards That Can Help You Work on Your Credit

A credit card can be a vital tool for small business owners, but one that can feel out of reach when you’ve had problems with your credit. If your business has struggled in the past or you've defaulted on some loans as you've tried to get your business off the ground, you may have emerged with damaged credit. Thankfully, there are business credit cards that you can use if you have bad credit. Not only will these cards offer you… Read More