Category: Business Financing

Why Retail Businesses Are Using Working Capital Loans To Fund Marketing

October 7, 2022 Gerri Detweiler

Retail businesses often take a lot of risk. Business owners manufacture or buy products hoping to sell them in the future. Sometimes sales come quickly, and sometimes it can take weeks or months (and some deep discounts or heavy promotion) to make a sale. And even established retail businesses need to regularly fund advertising and marketing campaigns so sales don't slack off. For many small business owners in the retailer space, having access to financing is one of the key… Read More

How Resilient Are Your Small Business Finances?

October 7, 2022 Gerri Detweiler

Since the pandemic began in early 2020, there’s been a lot of talk about small business resiliency and business continuity. While we hope there’s no repeat soon of a pandemic, other disasters, whether they are economic or natural disasters, will occur at some point. What does a resilient small business look like? How can small businesses build resilience? Here we explore ways to prepare your business for unknown challenges. How Do Small Businesses Build Resilience? Writing in the Harvard Business… Read More

Can Cryptocurrency Be Used as Collateral for Business Loans?

August 31, 2022 Kat Cox

Cryptocurrency (or crypto currency) has been increasingly popular for investors and even as an accepted payment at businesses around the world. As it gains popularity, cryptolenders are becoming more common as an alternative source of small business and personal lending. Find out more about cryptolending and the rise of digital currencies from Nav’s small business experts. What is Cryptolending? Cryptolending (or crypto lending) is the process of using crypto currency, such as Bitcoin (BTC), as collateral, as you would with a secured… Read More

A Guide to Managing Variable Expenses in 2024

July 29, 2022 Gerri Detweiler

Running a successful business isn’t just about bringing in more sales. Managing your business expenses is also key to profitability. Your business expenses likely include fixed and variable expenses, as well as expenses that are a mix of both types. While managing all your business expenses well is important, here we’ll focus primarily on managing variable expenses, which may offer opportunities to save money quickly. What Is a Variable Expense? Variable expenses are related to sales volume. These costs may… Read More

Funding Your Small Business in 2022

July 29, 2022 Tiffany Verbeck

Finding the right small business funding can make all the difference for your business’s success. In 2021, almost 62% of small businesses used personal funds to cover gaps in their business’s cash flow. While this practice likely puts a lot of strain on the business owner’s personal assets, getting enough business funding may help. In this article, we cover why small business funding is important, how to figure out how much funding you need, and your best business financing options.… Read More

How Is Small Business Financial Health Attained and Maintained?