Resource Category: Finance

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 2020

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

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

Best Business Credit Cards for Startups

As the founder of a budding new company, there are plenty of good reasons for you to consider using a business credit card. Not only can it help you keep personal and business finances separate, it can come in handy covering cash flow, building your credit history, and saving money through various perks and rewards. But what are the best business credit cards for startups? The 4 Best Business Credit Cards for Startups Capital One® Spark® Classic for Business: Best… Read More