A few months ago, in the process of putting final touches on my newest book, Finance Your Own Business: Get on the Financing Fast Track, I touched base with Levi King, CEO of the company that was then known as Creditera. We had last talked about 18 months prior, and I had found his company’s efforts to help business owners understand and manage their business credit scores and profiles intriguing enough to mention them in the book. I wanted to Read More
Press Release: Creditera Changes Its Name to Nav, Launches Enhanced Small Business Financing Marketplace and Credit Tools
Acquires Fundastic, and introduces enhanced marketplace and user experience that makes it easier for business owners to get the best available financing San Mateo, Calif. – October 21, 2015 – Creditera today announced that it has launched an enhanced marketplace for small business financing with recommendations based on their credit data and needs, and a first-of-its-kind, personal and business credit dashboard that guides business owners with personalized action plans. The launch of these features aligns with the company’s rebrand Read More
New Name, New Features…Same Badassness I’m fired up to share some big news with the Creditera community. We are now Nav. It’s more than just a name change though; it’s another step in our mission to help millions of small business owners navigate the complex world of business credit and finance, so they can confidently create the business of their dreams.
Nav, formerly Creditera, is pleased to announce that we have acquired Fundastic, one of the web’s most valuable, objective resources for business owners to explore their financing options. The Fundastic acquisition is a key component of Nav’s mission to make it easier for businesses to manage their credit and financial health. Fundastic’s mission was to serve as an objective and transparent resource for business owners to learn about funding options. The information formerly available through Fundastic and now available Read More
I have some exciting news to share. Fundastic has been acquired by Nav, formerly Creditera. The brand and product will live on and Fundastic will remain free to our users via the Nav site. Nav and Fundastic share the same core value of always putting small businesses first. We couldn’t think of a better partner to work with, to grow with and to serve small businesses around the country. Why? You might ask why Fundastic decided NOT to stay independent. Read More
Nav has been rolling out some huge changes. We are always working behind the scenes to simplify the process of improving your business’s financial health, which in turn will save you money. Our most recent changes will make it easier for you to improve your credit and browse for financing offers tailored to you. Check it out.
Following last week’s LendingClub IPO, OnDeck Capital went IPO at $20 per share this morning and closed at $27.98, a 39.9% gain. Unlike LendingClub’s focus on consumer term loans, OnDeck focuses on short term business loans. At Nav, we haven’t really recommended OnDeck’s loan products because they are not cheap as mentioned in the decoding post and the renewal trap post. But we also believe the cost will for sure go down for OnDeck’s loan products as the competition is Read More
LendingClub went IPO this morning at $15 per share, raising $870 million dollars. The stock opened at $24.72 and closed at $23.43 today, a 56.2% gain from the IPO price. It’s a landmark moment for peer-to-peer lending. At Nav, we believe this is just the beginning of P2P lending going mainstream. LendingClub is a classic example of disruption. LendingClub started with credit card debt consolidation. Borrowers get better interest rates than their credit cards and lenders earn a much higher Read More
We’re excited to announce that we’ve recently partnered with The UPS Store® and are offering Nav’s business credit monitoring service through its popular Small Business Solutions portal. Because the UPS Store is committed to connecting small business owners to the resources they need to run a stronger business, it was an obvious match for Nav.
Today, Square announced their own small business financing product, Square Capital. And we believe that it’s a great addition to the world of small business financing. Square allows anyone to turn an iPhone or iPad into a credit card POS (Point-of-Sales) register. Square Capital behaves just like a merchant cash advance, but without an MCA’s extremely high APR that ranges from 70-250%. For an MCA, some amount of cash is advanced to you, and you agree to return a higher Read More