Are EIDL or Paycheck Protection Program Loans Taxable Income?

If you’re like most small business owners wading your way through the EIDL and PPP loans and the regulations and requirements that go with them, welcome to the club. As we see more entrepreneurs receiving funds from these two SBA programs, we’re also seeing more questions about what comes next. One big question? Whether or not the funds from these two loan programs will be taxed on a business’ annual income tax return. Whether you’ve got just one business or… Read More

Best Business Credit Cards for Travel

Best Business Credit Cards for Travel If you’re a business road warrior, you’ve racked up plenty of miles on your roller suitcase, not to mention frequent flyer miles. Wouldn’t it be nice to also earn rewards for your travel expenses? That’s where business credit cards that offer rewards points come in. You might have personal credit cards with membership rewards points that you can use for flights or hotel stays. But small business credit cards for travel sometimes offer even… Read More

What Is a Secured Business Credit Card?

It can be frustrating to run a business, decide you need some sort of financing, and discover that your credit scores don’t qualify you for many options. There is, however, an option to consider: a secured business credit card. Here, we’ll introduce you to what one is, examine when you would want one, and help you determine which card is best for your needs.  A secured credit card can help you establish a positive payment history and show lenders you’re… Read More

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

How do you apply for an EIN? The Internal Revenue Service (IRS) requires a completed Form SS-4 to receive an EIN. We can help you get your employer identification number, right here, right now. Just answer a few questions required by the IRS—the whole process takes a few minutes. Once you’ve completed the application, you can file the application online, in the mail, or fax it in yourself. If you’re a small business owner, or are otherwise self-employed, chances are… Read More

How to Establish Business Credit, Get Business Credit & Build Business Credit

If your business is new, you may not be thinking about taking out a loan just yet, but the day may come when you do. Figuring out how to access business financing and credit is a common quest for both new and existing small business owners. From startup costs to new expansion strategies, establishing a strong business credit profile with diverse accounts early on can help make your immediate and future business plans a success. Build business credit faster *When… Read More

Small Business Grants COVID-19 Relief: Where to Find Free Money in 2020

Our List of Business Grants We’ve done some of the work for you so you can easily find business grants (plus, we fund our own small business grant). Just check out the end of the article for the 21 business grants we’ve found based on some high-level categories. Best Small Business Grants of 2020 FedEx Small Business Grant Nav’s “Legitify Your Small Business” Grant Eileen Fisher Grant Program Small Business Innovation Research Program Caleb Brown Urban Entrepreneur’s Community Grant USDA… Read More

8 Options for Small Business Startup Loans

The 8 Best Startup Business Loans Startup Consultants Equipment Financing Business Credit Cards SBA Microloans Other Microlenders Invoice Financing Crowdfunding Personal and Friends/Family Funding See What Startup Loans You Qualify For *Get personalized loan matches, after you sign up for a free Nav account. It won't hurt your credit score Verify Your Business By clicking "Sign Up" above, you confirm that you accept the Terms and Conditions, acknowledge receipt of our Privacy Notice and agree to its terms. What is… Read More

What Is a Confession of Judgment?

As a business owner, you’re probably used to putting your signature on a lot of documents. This is especially true if you’ve ever signed a commercial lease or taken out a business loan, line of credit, or merchant cash advance for your company. Check if you have a confession of judgment *Get your free business credit reports when you sign up for a free Nav account. Checking won't hurt your credit scores Sign Up By clicking "Sign Up" above, you… Read More

Are Shelf Corporations Legitimate?

As a small business owner, it’s smart to look for ways to help your company get ahead. However, there’s a difference between trying to get ahead and looking for shortcuts. Shelf corporations often, though not always, fall into the latter category. Shelf companies are formed for the purpose of being sold off, after an excellent business credit rating has been established. There’s just one problem. If you purchase a shelf corporation and use it to access business financing, like credit… Read More

Net 90 Vendors

Many small business owners are intimidated at the prospect of trying to build business credit. Some realize it’s important to earn strong business credit scores and reports, but don’t know how to start the process. Thankfully, building good business credit doesn’t have to be difficult. In fact, if you start by opening a few strategic vendor accounts, you might be surprised just how easy it is to send your business credit scores moving in the right direction. Build Business Credit… Read More