Nav Marketplace
With the Nav finance marketplace, you can set your business objectives so the system can understand your goals, your industry, and your financing needs.
You'll then receive a financing overview that is personalized to your business. You'll see funding matches along with advice from experts and your next steps.
As your business grows and changes, you can adjust your goals in minutes to get new funding recommendations.
Nav ranks and sorts more than 100 funding options to show the best-matched offers for businesses. This includes business loans, business credit cards, and other business services.
Nav also has dedicated funding managers to help businesses get matched to the best financing options.
Funding managers assist you by working directly with lenders to help you get approved for financing.
Using the Marketplace
When you are provided with financing matches and suitable lenders, you may be requested to provide some business and personal information.
Lenders may conduct a credit check to determine the amount you qualify for. They then process and approve your application and once approved, deposit the funds into your bank account.
Requirements
To sign up for Nav you'll need to own a business in the U.S.
Small Business Financing
Some of the business financing options in the Nav finance marketplace include:
SBA Loans
Small business Administration (SBA) loans from $50,000 to $5 million. The repayment terms on these loans are between six and 25 years.
Microloans
Microloans are small amounts from $500 up to loans of $50,000 with competitive interest rates of 6% to 18% APR. The repayment terms are up to seven years.
Bank Loans
Traditional bank loans from national and community banks that range from $250,000 up to $1 million. Interest rates are typically between 4% to 13% with repayment terms from three years to 25 years.
Business Credit Cards
A range of business credit cards for your needs. If you have a good credit score, interest rates on these credit cards typically start at 14.49% APR.
Business Line of Credit
To get a business line of credit, you need to be in business for two years or more, have a credit score of 600 to 650, and provide verified bank statements or financial statements to show your revenue.
Identity Protection
Along with Nav credit monitoring services, paid plans also get identity protection. This includes a full-service identity and fraud protection from expert specialists.
This includes identity restoration, lost wallet replacement, and up to $1 million in identity theft protection - including reimbursement for legal fees, loss of income, child care, fraudulent withdrawals, and travel expenses.
