How to Establish, Build & Get Business Credit

How to Establish, Build & Get Business Credit

Figuring out how to access business financing and credit is a common quest for both new and existing small business owners. From start-up costs to new expansion strategies, establishing a strong business credit profile with diverse accounts can help make or break your immediate and future business plans. Why Should I Learn How to Establish Business Credit? If you’re reading this, you already know that good credit (both consumer and business) is important for the future of your venture, but Read More
7 Options for Small Business Startup Loans

7 Options for Small Business Startup Loans

One of the biggest challenges a new small business must face is obtaining the capital necessary to support their initial growth. In order to proudly turn on your physical or metaphorical “open for business” sign, you’ll likely need to have access to money in the form of a small business startup loan. As one might assume from the title, a business start up loan is a loan meant to help with the financial needs of a new business. Small business Read More
A Guide To Funding Your Startup While In College

A Guide To Funding Your Startup While In College

If you’re finishing up your degree or recently jumped  into the professional world with a great idea for a business, you’re not alone. Entrepreneurship is more popular than ever before, with new businesses springing up in every sector. Starting a business isn’t as hard as it once was. Today, funding is readily available to those who need it. But just because you can get financing doesn’t mean it’s right for you. You have to know where to look. Nav provides Read More
Best Business Loans for 2019

Best Business Loans for 2019

Getting the right type of funding for your business isn’t always easy. While there are plenty of commercial lenders and business loans on the market, the best one for you can depend on a variety of factors. How long you’ve been in business, your annual revenue, your personal credit score, and your required funding time are all things to consider before you apply. It’s also important to consider lenders who can provide the type of loan you need. To save Read More
The Best Small Business Credit Cards of 2019

The Best Small Business Credit Cards of 2019

Getting the right credit card for your business may be more important than you think. There are scores of business credit cards on the market, and many offer unique perks and rewards structures that can help your business grow. Whether it’s an introductory 0% APR, an impressive sign-up bonus, or business tools and resources, there’s one credit card that’s better for your business than all the others. Finding the right one can be daunting, though. To help speed up the Read More
Small Business Line of Credit: How to Choose the Right Option

Small Business Line of Credit: How to Choose the Right Option

A small business line of credit helps entrepreneurs maintain  a constant supply of cash to keep up with recurring expenses and the ebb and flow of seasonal changes in business. For the 50% of businesses owner who have experienced cash flow problems, a small business line of credit can be a necessary lifeline. . You may be thinking: “My business is profitable, we don’t need additional cash reserves.” But many businesses with and without cash flow issues keep a line Read More
How to Qualify for Government Contracts

How to Qualify for Government Contracts

Ever wonder how your business can get government contracts? After all, the U.S. government is the largest buyer in the world, with purchases amounting to about $500 billion dollars per year. Government agencies are such a big customer of small businesses that some small businesses make their cash solely off of business from government contracts. And maybe your business can capitalize on this big small business customer, too. Here’s your guide to understanding contracting opportunities with the U.S. government and how Read More
How to Apply for a Free Employer Identification Number (EIN)

How to Apply for a Free Employer Identification Number (EIN)

If you’re a small business owner, or are otherwise self-employed, chances are you’ve heard of an EIN or Employer Identification Number. You may not be clear, however, on exactly what an EIN is, whether you need one or how to go about getting a free EIN if you do. That’s what we’re here for. Let’s walk through the basics, starting with what an EIN is. What is an Employer Identification Number (EIN)? An EIN is a lot like a Social Read More
What is the Debt-Service Coverage Ratio?

What is the Debt-Service Coverage Ratio?

If you’ve applied for a small business loan before, you’re reasonably familiar with how a lender decides whether or not they want to work with you. Many will want to look at your credit scores (personal and business), business tax returns, monthly bank statements, and more. They’ll want to know how much money you business is bringing in, how much money is going out, and where it’s going. Most lenders will also want to know what existing debt you and Read More
SBA Loans — What’s the Difference between 7a and 504?

SBA Loans — What’s the Difference between 7a and 504?

Small business owners have a lot of options to consider when it comes to small business loans. From selecting a lender to determining the type of loan you need, the path to financing can be a confusing one. Of the many places you may look, the United States Small Business Administration (SBA) can be a great resource for information on loans, and specifically, different SBA loan programs that are exclusively available to small businesses. Of those SBA loan programs, the Read More