What Trump’s Health Care Order Means For Small Businesses

On Thursday, President Trump signed an executive order intended to allow small businesses and potentially individuals to buy health insurance that bypasses state regulations and Affordable Care Act (ACA) protections. This comes after efforts to repeal and replace ACA failed to pass in Congress earlier this year. We previously wrote a deep dive covering what a complete repeal of ACA would mean for small business owners. The most extensive part of the president’s order is a move that would allow Read More

64% of Businesses Expect More Complex Regulations Under Trump Administration

Businesses have much more to worry about than just overhead and sales these days, according to the “’The $100,000 Bill” survey by The Workforce Institute at Kronos. With over half of surveyed business owners spending between $40,000 to $100,000 just to prepare for new business regulations, it seems that each new law or mandate has the potential to cut into profits. Of those business who track the costs (many do not), these expenses include such activities as hiring legal consultation, Read More

Video: The Unique Way Nav Solves for Small Business

Despite the outsized role they play in the economy, it’s damned hard to run a small business in America. Nearly half of all startups are forced to close shop within five years. These are people who work their tails off, sacrificing for their employees and families, often pouring personal savings into their business. In many cases, they simply run out of money. Nav is on a mission to help more of them succeed. It’s one of the reasons we were Read More

Nav Named to CB Insights’ Fintech 250 List

At Nav, we’re using data and technology to give small business owners a more effective way to manage their business’s financial health. That’s why we’re honored CB Insights named Nav to their Fintech 250 list, which recognizes the most promising, private fintech companies from around the world. The list was revealed during Future of Fintech 2017 event in NYC on June 27th. “The financial services industry will see more change in the next 10 years than it has in the last 100. Read More

Nav Increases Series B Funding to Empower More Small Businesses

A note from Nav’s co-founders:  At Nav, we’re driven by a single mission. We’re decreasing the small business death rate in America by guiding business owners like you to the right financing option and helping you improve your financial health. So, as we celebrate National Small Business Week, we’re excited to announce that we received a significant investment to accelerate our mission, led by Goldman Sachs Principal Strategic Investments Group. How We’ll Use the Investment Improve our technology and user Read More

How We Make Money

At Nav, we’re on a mission to make life easier for America’s small business owners. From the technology we create to the articles we write—we want to help you make educated funding and credit decisions for your business, so you can save money and time. That’s why we were one of the original signers of the Small Business Borrowers’ Bill of Rights. For our educational articles and product reviews, Nav’s experts provide objective assessments. No lender or other partner pays Read More

10 States With the Best Business Credit Scores

It’s no secret that personal credit scores are a barometer of financial strength. The better your score, the easier (and cheaper) it is to get things like a mortgage or car loan. But, did you know small business owners have a separate business credit score for their company? The two scores share commonalities, both impact a business owner’s ability to get financing, but they also have surprising differences. While personal and business credit scores are both influenced by region, new Read More

What Will Linda McMahon Do First As SBA Head? 3 Hints

In one of the least controversial appointments of Donald Trump’s presidency, Linda McMahon was confirmed by the Senate on Tuesday to lead the Small Business Administration. At McMahon’s confirmation hearing just a few weeks ago, she was introduced and endorsed whole-heartedly by two Democrats, so it comes as no surprise that the McMahon nomination to the SBA had widespread bipartisan support, with the final Senate vote tally coming out to 81-19. McMahon had one of the least contentious confirmation hearings, with Read More

Here’s the Only President in History With More Businessmen in His Cabinet Than Trump

George W. Bush? Or maybe Ronald Reagan? Quit guessing. You’re wrong. A recent analysis by Pew Research took a deep dive into the Cabinets of every U.S. Presidential administration in history to see his how much of an outlier the Trump cabinet is. The President’s choices for key positions have been criticized by lawmakers and the press for their lack of experience in public office and their business ties to the private sector. The Cabinet, if fully confirmed, will have Read More

U.S. Leaves the Trans-Pacific Partnership: What It Means for Small Business

On his first full day after taking his seat in the White House, President Trump passed an executive order abandoning negotiations on the Trans-Pacific Partnership (TPP), a pact aimed to strengthen economic ties between the U.S. and 11 countries that border the Pacific Ocean. It was hoped that by lowering barriers to trade, the TPP would strengthen productivity, economic growth and competition, while promoting transparency and higher living standards within the Trans-Pacific partner countries. Immediately after signing the executive order, Read More