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Financially Simple Bizcast

The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

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 that they can get through the crisis. Justin and Gerri look at choosing credit cards, using debit cards, and what financial assistance is 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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Gerri Detweiler,




Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.