Earlier today, President Trump signed the CARES Act into law, approving $367 billion in relief ($349 billion of which is in new loans through the Paycheck Protection Program) to small business owners. Nav is committed to helping the government and SBA lenders get those funds into the hands of business owners as quickly as possible, and we are uniquely positioned to help.
With that in mind, today I sent this letter to the Congressional leaders in our country in hopes of supporting their efforts to drive relief to small businesses and offering Nav as a partner in overcoming this unprecedented challenge.
Please read this letter to get a better understanding of our commitment to business owners and our small business ecosystem.
This article was originally written on March 27, 2020 and updated on April 9, 2020.