This article was reviewed and updated on June 15, 2020 Nowhere is the saying "you need money to make money" more true than in the crowded, competitive, fast-moving world of small business. As you seek to establish and grow your enterprise, access to capital (or the lack thereof) will be one of your biggest hurdles. For small business owners facing expenses that just can't wait, traditional approaches—SBA loans from banks, for example—can be burdensome, inconvenient, and ultimately disappointing. There is… Read More

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

Running a business can be frustrating, and even more so when you need financing and discover that your credit scores don’t qualify you for many options. If you’re trying to build or rebuild credit, you may have heard a secured credit card can be a good option. As a business owner, you may need something slightly different: a secured business credit card. Here, we’ll introduce you to what one is, examine when you would want one, and help you determine… Read More

What is a Startup Business Loan? A business startup loan is financing meant to help with the financial needs of a new business. Business startup loan proceeds can go towards things like working capital; the purchase of equipment, machinery, supplies, inventory, and furniture; and the purchase of construction equipment or real estate. New business owners can also consider business credit cards, certain SBA loans,and crowdfunding among other options. One of the biggest challenges a new small business must face is… Read More

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

A small business line of credit can help small business owners maintain consistent access to funds to smooth out the ebb and flow of changes in business expenses and revenues. You may be thinking: “My business is profitable, we don’t need to borrow.” But many businesses with and without cash flow issues keep a line of credit handy for unexpected growth or expansion opportunities. A business credit line is a flexible, often low-cost way, to get short-term financing to cover… Read More

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

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