Category: Running a Business

Business Credit, Cash Flow and Lenders: What You Should Know in 2024

Business Credit, Cash Flow and Lenders: What You Should Know in 2024

Key Takeaways  Cash flow and credit are the top two factors many lenders consider when evaluating applications for small business loans and financing.  Cash flow indicates the ability to pay while credit represents the willingness to pay.  Learn how to position your business for financing in 2024 and beyond. It’s Still Possible to Access Capital in 2024  Interest rates have been rising. And some borrowers are finding it more difficult to get financing. Yet business owners in a variety of… Read More
A Guide to Setting Up Google Business Profile in 2024

A Guide to Setting Up Google Business Profile in 2024

If you’re looking to boost your online visibility this year, there’s an easy option: Use your Google Business Profile.  Small business owners and local businesses can increase their online presence by utilizing and managing their Google Business Profile.  A Google Business Profile contains your business’s information like business address, phone number, contact information, and store hours (which you can manage by claiming your Business Profile). Google Business Profile is a free tool offered as part of Google’s services. Why Is… Read More
Understanding Merchant Processing for Financial Services

Understanding Merchant Processing for Financial Services

If you're in the business of selling goods or services, the ability to accept electronic payments is critical to your success. In today's economy, cash transactions are becoming increasingly rare, and consumers often expect the convenience of being able to pay using their credit or debit cards. But have you ever stopped to think about how your electronic payment system works? In this article, we'll explore the world of merchant processing and how it affects your business.  The Basics of… Read More
How the Employee Retention Credit Works

How the Employee Retention Credit Works

The Employee Retention Credit (ERC) is a tax credit from the Internal Revenue Service (IRS) that business owners who pay employees may be eligible for. The ERC was originally a government order under the U.S. Congress’s CARES Act, which was the Coronavirus aid package. Not all businesses are eligible for the ERC — you’ll need to prove you went through a significant decline or suspension of operations.  This article explores how the ERC credit works, how a small employer can… Read More
The Best Business Checking Accounts for Trucking Companies

The Best Business Checking Accounts for Trucking Companies

Running a trucking company is a unique business with its own specific needs and challenges. One of those challenges is finding the best checking account to manage finances and support business growth. When looking for the right banking partner, it’s a good idea for trucking companies to prioritize features that will help manage cash flow, simplify payroll and invoicing, and provide access to financing and credit.  In this article, we'll explore the top options for business checking accounts for trucking… Read More
The Best Business Checking Accounts for Restaurant Owners

The Best Business Checking Accounts for Restaurant Owners

As a restaurant owner, keeping track of your finances can be a challenge. Fortunately, having a business checking account makes it easier to manage your money. Not only does it help to separate your personal and business finances, but it also simplifies your tax preparation process. To help you make an informed decision about which business checking account to choose, Nav’s experts compiled a list of the best business checking accounts for restaurant owners.  Understanding the Importance of a Business… Read More