Category: Business Credit

Starting a business is exciting but there's one big question you have to answer right off the bat: How will you fund it? The good news is, there are plenty of business financing avenues to choose from for entrepreneurs who need cash to get operations up and running. Read through this in-depth guide to learn how to finance a new business, then explore your business financing options.  Common Methods for Financing a New Business There are multiple ways to finance… Read More

If you’re a small business owner with employees, you’ll need to understand the State Unemployment Tax Acts (SUTA). Once you hire employees, you have to pay more than your own Social Security and Medicare taxes. In addition, you’re required to pay SUTA taxes to your state. Learn what SUTA tax is, who pays it, how to calculate it, and whether or not you’re required to pay it in this article from Nav’s experts. What Is SUTA Tax? SUTA is a… Read More

For many small business owners, business loans are critical to financing company growth and development. The savviest entrepreneurs keep their eye on the market and monitor for opportunities to score better loan interest rates or find payment terms that better match company needs.  The process of refinancing (often shortened to "refi") a business loan is similar to the process of initially obtaining one. You fill out an application and either get approved or declined.  It can sometimes be a lot… Read More

Accounts receivable financing is one avenue you might consider in lieu of business loans or credit cards when you need working capital. Also known as AR financing, it can be a quick and convenient way to get cash for your business to help meet short-term financial needs. Just like any other funding option, account receivable financing has both pros and cons. Here's what you need to know. What Is Accounts Receivable Financing? Account receivable financing is a funding option that… Read More

If you don’t have all the funds to start your new business venture yourself, you may look into alternative ways of funding, including a US Small Business Administration loan, or an SBA loan. An SBA is a type of federal loan that new businesses can use to start and grow their companies. But if times have been hard or you haven’t gotten the sales you originally expected, you might not be able to make payments on your SBA loan. Eventually,… Read More

As a business owner, you may have heard the term ACH before. You might accept ACH transfers as a payment method from customers. For those of you who aren’t familiar with this banking term, ACH stands for automated clearing house. It’s a method of moving money from one bank account to another without using paper checks.  If your company needs to borrow money but it can’t qualify for a traditional business loan, you may decide to consider alternative financing options.… Read More