Archives: Resources

What’s the Small Business Financial Exchange?

What’s the Small Business Financial Exchange?

Every time your business makes a payment—whether it's to a supplier, a lender, or a leasing company—there’s a possibility that information will become part of your business credit history. Those payments can either help build your business credit or hold you back when you need financing, depending on whether you pay them on time.  While many of these payments are reported directly to major business credit bureaus like Dun & Bradstreet, Equifax and Experian, there’s another way that payment information… Read More
The Pros & Cons of Coworking Spaces

The Pros & Cons of Coworking Spaces

Coworking spaces are one of the hottest trends for those starting or growing a small business: Instead of working from a corner of your bedroom or renting an office, you find a shared space to hang your shingle. In the U.S., coworking spaces can be found in most major cities and some smaller ones, as well as in countries around the world. These arrangements offer the ability to rent space in a place dedicated to entrepreneurs and working professionals. In… Read More
What Is a Surety Bond?

What Is a Surety Bond?

One day, an up and coming contractor with a passion for restoration is alerted to his dream job.  A federally funded restoration of a historic landmark is up for bid, and he knows this is more than a dream, it’s a career making move.  With a background that has him well prepared and a workforce he’s confident in, he starts the bidding process only to find out that, because it’s a federal contract, he needs a surety bond if he… Read More
Small Business Credit Statistics

Small Business Credit Statistics

Starting or growing a small business? While you may or may not be looking for financing now, there’s a good chance you will need additional capital as your business grows. Here we share statistics related to small business credit and financing from a variety of sources. Surprised by any of these findings? Did we miss important research? Feel free to share comments or additional sources in the comments below. Overview of Small Business in America In 2013, there were 28.8… Read More
The Ultimate Guide to Changing Your Business Name

The Ultimate Guide to Changing Your Business Name

Changing your business name? At Nav, we changed our name three years after we launched. Although we were a relatively young company, it was still a lot of work—but well worth it. To help make the process easier for you, we’ve put together a checklist we used to help us stay organized. You can download it below and customize it to your needs. Here are some pointers to keep in mind as you start planning for your name change. We… Read More
How Often Does My Credit Score Change?

How Often Does My Credit Score Change?

"How Often Does My Credit Score Change?" Nav customers often ask us this question. Most people guess their credit scores change once a month, but that’s not the full story. The quick answer is that your scores can change any time new information is added to your credit reports. Here’s how it works: How credit bureaus generate your score First, it’s important to understand how the major credit bureaus create a credit score. A credit score is calculated using information… Read More