Introducing MatchFactor: A Radically Smarter Way to Get Business Financing

Everyone says they love the American Dream, but when it comes to financing your own business, the dream and reality don’t add up. The stats are dreadful • On average, it takes 26 hours to search and apply for business financing. • 22% of business owners have given up on applying because they’re discouraged. At Nav, we’re on a mission to materially reduce the small business death rate in America by making it easier to access money. That’s why we’re Read More

Nav Launches First-of-Its-Kind Small Business Advisor Program

Nav, the only free source for both personal and business credit scores, today announced the launch of the Nav Small Business Advisor Program, a new initiative that will give advisors who work with small business owners free tools and training so they can more effectively advise clients on ways to build strong business credit, and improve their chances of getting access to capital when they need it. Advisors can play a key role in helping entrepreneurs understand the importance of Read More

What The Lending Club CEO’s Exit Means for Alternative Lending

Lending Club legend Renaud Laplanche was forced to give up his position of CEO and Chairman on Monday after the Lending Club board discovered a violation of the company’s business practices. Caton Hanson, co-founder of Nav, shares his thoughts on what this means for Lending Club and the future of the alternative lending industry. So Renaud Laplanche, CEO of Lending Club, resigned after it was discovered that the company had knowingly loaned Jefferies Group $22 million dollars’ worth of loans Read More

Save Your Marketplace Offers: New Feature from Nav

Finding the right financing option for your business just got even easier. We’re excited to announce our new saved marketplace offers feature that will save you time searching through Nav’s growing number of financing options available to businesses. To take advantage of this feature, visit the FINANCING or CREDIT CARDS tab of your Nav account. Use the star in the corner of each lending offer to save the options you’re interested in, and access them anytime from the “My Favorites” tab in Read More

John Oliver Destroys Credit Reports; But Here’s What He Missed

John Oliver, host of HBO show Last Week Tonight, fired shots at the personal credit reporting industry this past Sunday on his latest episode, questioning why three numbers play such an pivotal (and sometimes damaging) role in our lives. Oliver points out how simple errors on personal credit reports can negatively impact someone’s life, mainly due to the lack of regulation on background checking companies. But he failed to mention business credit reporting, which has even less regulation and more potential Read More

What Do Each of the Presidential Candidates Plan to do for Small Business?

Primary season is upon us. With one caucus down and many more primaries to come, it looks like an interesting road ahead for both the GOP and Democratic parties. One important issue that touches many U.S. families and has a huge effect on the U.S. economy is small business. According to the Small Business Administration (SBA), small businesses account for 54% of all U.S. sales and have created 66% of the net new jobs since the 1970s. Despite this impact, Read More

New Feature: Apply for a Business Loan in 5 Minutes or Less

We know that filling out a business loan application can be a time-suck. That’s why we’re excited to tell you about our new marketplace feature that makes applying for loans much easier. Our in-app financing application cuts out 75% of the application process and lets you submit a business loan application in under 5 minutes! This feature is currently available for businesses applying to term loans from Lending Club and OnDeck Capital, with plans to add more lenders within the Read More

Nav Named to Forbes Fintech 50 List and Now Helping Over 80,000 Business Owners!

We rarely sing our own praises, or much of anything after the karaoke incident, but we’re thrilled Nav earned a spot on Forbes’ Fintech 50 list, which recognizes the most promising pioneers of financial technology. According to Forbes, those included are “destined to have a big impact on your financial future.” We’d also add the word “positive” before “impact.”

Julia Pimsleur, author of Million Dollar Women, shares her experience as a female leader of a growing company

Julia Pimsleur is the author of Million Dollar Women, a book that was written to help more women entrepreneurs learn the “fundraising dance” and get their businesses to over $1M in revenues. In her book, Julia notes that over the past twenty years, women in the United States have started nearly twice as many businesses as men, but only 3 percent of all women business owners make revenues of one million dollars or more. Most are running “kitchen table businesses” Read More

A Special Veteran’s Day Thank You

Today is Veteran’s Day; a day to thank our service members past and present, for their sacrifice while serving. One of the veterans we would like to thank today is Tim Graczewski. A former Lieutenant in the Naval Reserve, he spent a year as lead economic development advisor at NATO’s Regional Command South Headquarters in Kandahar, Afghanistan. Leaving his wife and young son stateside, he served in a variety of duties, including helping small business owners by assisting pomegranate farmers Read More