Category: Starting a Business

How Student Loan Debt Relief Could Affect Small Businesses

One of President Biden’s biggest campaign promises was to forgive federal student loan debt — a pretty big promise to the 43 million Americans who currently owe the U.S. government over $1.6 trillion for their higher education, according to the Education Data Initiative. So when the Biden administration announced a three-part plan in August 2022 to forgive up to $20,000 of federal student loan debt for federal borrowers who make less than $125,000 a year (for single filers), it felt… Read More

Calculating the Break-Even Analysis for Your Business

A break-even analysis is a financial analysis tool that can help business owners in important decision-making, such as at what point a new business or new product will be profitable.Knowing the break-even point (BEP) for your business can also help you find investors. It’s not difficult to calculate a break-even point for a small business, but you do have to know some key variables in terms of revenue and costs.Learn more about a business break-even analysis and how to calculate it… Read More

11 Best Payment Gateways of 2022: A Complete Guide

A payment gateway is technology that allows physical and ecommerce businesses to accept payments from customers who use credit cards, debit cards, and other payment types.It’s the interface that customers interact with during the checkout process in person or online.Payment gateways are separate from payment processors, which move money to complete a transaction. Payment gateways only start the transaction process.In this article, you’ll learn what you need to know to choose the right payment gateway provider for your business needs.… Read More

Best Ecommerce Solutions for 2022

If you want to do business online you’ll need more than a website or social media accounts. You’ll need an online shopping solution so your customers can buy your products or services. That includes product pages so they can view what you have to offer, payment processing tools so they can make a purchase with their debit or credit cards, and shipping tools if you need to send a physical product.  Most small businesses don’t want to have to hire… Read More

Got Student Loans? What Small Business Owners Need to Know

On August 24, President Biden announced two things: Student loan payments are frozen through the end of 2022 and partial student loan forgiveness may be coming for millions of federal borrowers. This change could ease the burden of small business owners across the country who are struggling to pay off their debt and run their businesses.  You can run — and fund — a small business even if you still have student loan debt. Here’s what you need to know… Read More

How to Use Zelle for Small Business Transactions

Zelle is a peer-to-peer (P2P) digital payments network that transfers money between bank accounts almost immediately.Using Zelle for small business payments is a fast, free way to send and receive money.Many banks integrate with Zelle’s interface to make it easy to send money between bank accounts to pay for goods and services. Find out how Zelle works and why it may be right for your small business in this article from Nav’s experts. How Does Zelle Work? As a peer-to-peer (P2P)… Read More