Category: Business Financing

In recently had the opportunity to interview small business coach Steven M. Hughes about the struggles the small business owners he works with often face. He shares strategies for managing cash flow, taxes and when to pay yourself.      Transcript This transcript has been lightly edited for readability I'm Gerri Detweiler, Education Director for Nav, and joining me is Steven Hughes. Steven is a small business coach. So tell me a little bit about what you do to help… Read More

Getting the right credit card for your business can make your life a lot easier as the owner. Not only does it help separate your business expenses from your personal purchases, but it can also help you regulate your cash flow, get rewards on every purchase you make, and more. With so many business credit cards on the market, though, it can be tough to know how to go about picking the right one. Here are five steps you can… Read More

When you have a business credit card with a high limit and an attractive interest rate, it’s hard to resist pulling it out to pay for a few personal expenses. After all, you might get a better deal with the business card than with the personal card. And what’s the worst that could happen if you do use a business credit card for personal expenses? Even though most business credit card issuers have card agreements that emphasize that you shouldn’t… Read More

Building credit for your business takes time. Sure, there are tools and helpful guides that can make the process easier. Yet the truth is that establishing good business credit scores requires some effort and consistency on your end. If your business has earned good credit scores, kudos! There’s no doubt that you worked hard to make those good credit scores a reality. But what happens when all your hard work is suddenly derailed by something that isn’t your fault (and… Read More

Please note Business CreditWise is no longer available. CapitalOne recently announced Business CreditWise, a service that offers business owners a free business credit report and ongoing monitoring. Nav has been offering business owners free business credit reports and monitoring for over five years. How do these two services compare? Here I describe the features of the two services so you can understand what each one offers.   Disclosure: I work for Nav. In addition, Nav offers credit cards issued by… Read More

Building credit for your company is a wise use of your time as a business owner. There’s a lot of value in establishing good credit for your business. Having solid business credit can help you to qualify for a business loan or credit card. It can make it easier to take out leases and commercial rentals. Good business credit might even help you save money on your monthly insurance premiums and contracts with suppliers. Perhaps most importantly, building credit in… Read More