Category: Business Financing

Why You Shouldn’t Use a Business Debit Card…Use This Instead

Why You Shouldn’t Use a Business Debit Card…Use This Instead

I’m a business owner and lawyer, and I’ve helped a lot of business owners with credit issues. So when business owners ask me whether they should use a debit or credit card, I have a pretty strong opinion about it. Ditch your business debit card and use a credit card instead. That’s not legal advice; it’s just common sense, and here is why. When it comes to liability for fraudulent card purchases, there are two federal laws you need to… Read More
Wells Fargo Taking On Expensive Short Term Business Loan Providers with FastFlex

Wells Fargo Taking On Expensive Short Term Business Loan Providers with FastFlex

Just last week Wells Fargo announced the launch of its newest small business lending product, FastFlex. FastFlex is a short-term loan product available to existing Wells Fargo small business customers with strong cash flow. Businesses with an existing Wells Fargo account that has been open for at least one year will be considered for a FastFlex loan, which can be funded as soon as the next business day. FastFlex will be added to Wells Fargo’s existing suite of small business… Read More
What’s New In Small Business: #DreamSmallBiz, The Big Announcement By Top Business Lenders, and More

What’s New In Small Business: #DreamSmallBiz, The Big Announcement By Top Business Lenders, and More

Each week, Nav brings you relevant small business news from across the web that we hope you find interesting! Top Takes National Small Business Week The last day of National Small Business Week is tomorrow! This year’s theme is “Dream Big, Start Small.” Check out “#DreamSmallBiz” on Twitter for the latest from NSBW. Nav is proud to be a sponsor of NSBW. Online Small-Business Lenders Agree to Disclose Annual Rate on Loans OnDeck Capital, American Express® Business Line of Credit,… Read More
OnDeck Review: Business Term Loans and Lines of Credit

OnDeck Review: Business Term Loans and Lines of Credit

OnDeck is an online lender offering small business term loan of $5,000 - $250,000 and lines of credit of $6,000 - $100,000. They lend to businesses in all 50 states across a number of different industries, including restaurants, retailers, healthcare professionals, contractors, and more. Over the years, OnDeck’s loan products continue to improve for business owners. At the time of publication, the line of credit annual percentage rating is As low as 29.9% APR*, and the term loan As low as… Read More
Daily Payments Killing You? Try These Business Financing Options Instead

Daily Payments Killing You? Try These Business Financing Options Instead

Unexpected expenses pop up, and for many small business owners forced to quickly come up with the necessary funds, merchant cash advances and cash flow loans are often an enticing or necessary option. They’re typically much quicker to obtain than traditional loans, don’t require excellent credit scores, and can sometimes offer more flexible in repayment terms. All that sounds appealing, but looks (and fast cash) can be deceiving.  Cash flow loans and merchant cash advances are accompanied by high interest… Read More
What Does It Take to Raise Angel Funding/Venture Capital?

What Does It Take to Raise Angel Funding/Venture Capital?

I live in Silicon Valley, the birth place of Apple, Google and Facebook and the Mecca of angel investments and venture capital. I also make a fair number of angel investments every year. I get asked all the time by business owners how to raise money from angel investors and venture capitalists. I am going to make this post short. The truth is, most typical businesses are not good candidates for angel investments and venture capital. After all, only about… Read More