Category: Business Financing

How Can Debt Be Used to Grow a Company?

How Can Debt Be Used to Grow a Company?

Taking on debt can be an intimidating move for a small business or entrepreneur — it can feel like a risk. It might feel safer to use savings or a more familiar method of funding like business credit cards. But there can be huge benefits to using debt for business growth. Debt can offer opportunities for business owners that would have otherwise been out of reach. In this article, we’ll explore the ways that good debt can help your business… Read More
Working Capital Loans Based On Commission Income

Working Capital Loans Based On Commission Income

While those working in sales can make a great income when getting paid on commission, there’s always the risk that when sales don’t close, there’s no commission check. And lenders know that too. That can make it more difficult for salespeople who are paid on commission to get a home loan or other types of loans.  If you’re self-employed as an independent contractor with commission-based income, you may have unique challenges finding financing.  What Are The Options For Working Capital… Read More
Secure Funding Without a Business Plan

Secure Funding Without a Business Plan

A business plan serves as a roadmap for your business's future and communicates your vision to others, including lenders. But you may be wondering if you can get a business loan with a plan for your business strategy. You might be surprised to learn that no business plan loans and other funding do exist — but there are risks involved with them. This article explores which financing and loans without a business plan are available, the importance of a business… Read More
How to Start and Finance Your Own Auto Repair Business in 2023

How to Start and Finance Your Own Auto Repair Business in 2023

Business owners looking to start an auto repair business can create a successful enterprise if they understand the industry and how to run a small business. Opening an auto mechanic shop requires industry expertise and small business know-how — all of which is possible to learn.  In this Nav article, we cover what the auto repair industry looks like today, the challenges of opening an auto repair shop and how to handle them, and the steps to take when applying… Read More
Securing Business Loans for Your Catering Business

Securing Business Loans for Your Catering Business

Starting a catering business can be an exciting and fulfilling endeavor. Whether you're catering for weddings, corporate events, or private parties, you'll need reliable equipment, supplies, and staff to deliver exceptional service. However, this requires a significant financial investment. Securing a business loan can help you cover the initial costs, scale up your operations, and grow your business. In this article, we'll explore the different types of business loans available and how to secure funding for your catering business. Understanding… Read More
Securing Physician Practice Loans: What You Need to Know

Securing Physician Practice Loans: What You Need to Know

As a physician, you know the importance of investing in your practice. Securing financing is a crucial aspect of growing your business. However, navigating the world of loans can be daunting. In this article, we will break down everything you need to know about securing physician practice loans. Understanding Physician Practice Loans Physician practice loans are an excellent financing option for medical professionals who want to expand their practices. These loans are designed to provide medical professionals with the necessary… Read More