Category: Business Financing

Small business owners in the startup phase or with bad credit may want to avoid a hard credit check when they apply for business financing.  Let’s explore why hard credit checks matter, no credit check business loans, how to start a small business with no money and no credit, and more in this article from Nav’s experts. What Is a Hard Credit Pull, and Why Does It Matter? A hard credit pull, also known as a hard inquiry or hard… Read More

For small business owners, personal credit score can still matter in determining which small business loans and business credit cards you qualify for. A midprime, or near-prime, credit score falls between prime (which is good) and subprime (which is poor).  This article explores how having midprime credit affects you, credit options for midprime borrowers, and how to build your credit over time. What Is Midprime Credit? Midprime credit, also called near-prime credit, refers to a credit rating from the three… Read More

Lenders usually charge business loan fees on top of interest. It may cost money to make money, but small business owners should still understand all the possible loan fees to make sure a specific funding option makes financial sense for their business. This article breaks down the most common finance fees, how to understand total loan cost, examples of business loans with no origination fee, and how to find the best business loan to help you make the best financing… Read More