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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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.