Fast Business Loans – Working Capital—What You Need to Know

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

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

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

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

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

See Which Business Line of Credit Your Business Qualifies For *When you sign up for a free Nav account, you'll get personalized loan matches based off of your business and personal credit data. Signing up won't hurt your credit scores 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. A small business line of credit helps entrepreneurs maintain  a constant supply… Read More

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?

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