Mar 26, 2020
In episode 244 of Financially Simple, Justin discusses using Credit to finance a Small Business through the current pandemic with Gerri Detweiler at Nav.
Many businesses are experiencing financial challenges at the moment and may need to take on debt to make sure they can get through the crisis. Justin and Gerri look at choosing credit cards, using debit cards, and the financial assistance that's available to Small Business Owners during these times.
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01:15 - Ask Justin featuring Gerri Detweiler: Managing Debt and Credit When Financing a Business
02:57 - What is Nav?
03:53 - Which Credit Card to Use as a Business Owner
05:44 - Credit Card Rewards
07:59 - Using a Bank vs. Brand Card
10:03 - Using a Business Debit Card
11:18 - At What Point Can the Business Handle the Debt?
12:50 - Credit Scores
13:33 - Level Up Requirements
14:53 - Advice to Business Owners
17:17 - Credit Institutions Available
19:07 - One Piece of Advice
20:40 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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