Category: Business Financing

How to Find an Investor for Your Small Business

How to Find an Investor for Your Small Business

Whether you’re an entrepreneur in the very beginnings of your launch phase, or you’re an established small business that needs a little push to get to the next stage of growth, finding a trustworthy investor can be key to realizing your goals. There’s so much conflicting information out there, however. What type of funding is best? How can you find investors? What’s the best way to reach out? Before you jump in blindly, get to know the various types of… Read More
What Are the Best Business Line of Credit Rates?

What Are the Best Business Line of Credit Rates?

If you’re a small business owner, you know how essential it is to have enough capital to meet your company’s demand. However, financial issues are frustratingly common. According to the Federal Reserve Bank of New York’s Small Business Credit Survey, nearly two-thirds of small business owners reported having financial challenges during the past year.  Applying for a business line of credit can be a smart solution to your problem. With this approach, you get access to a revolving line of… Read More
Want to Become a More Effective Entrepreneur? WealthFit Can Help.

Want to Become a More Effective Entrepreneur? WealthFit Can Help.

As exciting and fulfilling as your entrepreneurial journey is, it can also be very stressful. You’re busy, and the last thing you need is something else to do, right? But to be a successful entrepreneur, you also need to learn and grow.  When you think about spending your time learning, it may cause you some angst. You don’t have a minute to waste on anything that’s not a considerable return on your time investment. Never fear. At Nav, we’ve got… Read More
What to Know About Bootstrapping Finance for Your Business

What to Know About Bootstrapping Finance for Your Business

If you’re starting a new business, your financing options may be limited. Not having access to capital through lenders isn’t always a bad thing, though. Instead of taking out a loan or using a business credit card, you may consider bootstrapping your business. Utilizing bootstrapping finance instead of outside funds can be possible for some types of businesses, and it may even be preferable to taking on debt. Here’s what you need to know. What does bootstrapping mean in business?… Read More
Revolving Line of Credit: How It Works

Revolving Line of Credit: How It Works

A revolving line of credit can be a valuable tool for any small business. Whether you need cash to improve working capital, purchase inventory, or for something else entirely, a revolving line of credit can help your company access the money it needs quickly.  Keep reading to learn more about how a revolving credit line option might help your small business. We’ll also review some of the best revolving lines of credit for businesses and discuss why it’s a good… Read More
What is a Convertible Note?

What is a Convertible Note?

Getting capital for your new business is one of your most important tasks as a business owner. Whether you choose to go with debt, equity or a mix can have an effect on your company for months or even years to come.  With a convertible note, you have the opportunity to take on short-term debt that converts to equity. This type of funding is common for startups in the early stages of development and can give you the seed money… Read More