SALT LAKE City, Jan. 13, 2021 /PRNewswire/ — Nav, the simple and smart funding platform for small organizations, has partnered with BizEquity, the main company valuation platform, to assistance tiny companies navigate the Paycheck Security Method (PPP) and protected the cash they have to have.
The earlier yr brought unparalleled adversity for tiny corporations in 2020, much more than 100,000 SMBs shut because of to the impression of COVID-19. PPP provides significantly-needed relief, but it is hard for quite a few compact companies to navigate, implement, and accessibility the funds. The earlier 10 months — and the new round of PPP funding rolling out this week — has manufactured it only far more crystal clear that the traditional banking technique just isn’t established up to provide the requires of compact firms. A latest study of SMBs by Nav located that the more compact the business was, the considerably less likely they had been to know how to search beyond standard channels to accessibility money. This know-how gap desires to close, and enterprises will need a easier, clearer route to important financing.
“Nav has helped countless numbers of enterprise homeowners protected funding by PPP and we’ve seen firsthand the probable for PPP to carry relief to a modest small business ecosystem struggling to remain afloat in this world wide pandemic,” reported Greg Ott, CEO at Nav. “That mentioned, the application system needs time and methods quite a few tiny organization homeowners merely will not have to spare. We are dedicated to streamlining that approach, improving upon entry to capital, and decreasing the are unsuccessful rate of tiny enterprises. Our mission is aligned with BizEquity’s, and we are honored to associate with them to enable far more business entrepreneurs keep their doors open up.”
“We are very pleased to partner with our close friends at Nav to assist democratize entry to capital. By way of this partnership, we allow our advisors to assistance their organization-operator shoppers greater comprehend their cash options and in carrying out so, open up up accessibility to required PPP pounds,” said Michael M. Carter, CEO at BizEquity. “We’re dedicated to aiding business house owners gain the know-how they have to have to better guard, expand, and prepare for the potential. Our partnership with Nav is nevertheless an additional vital move to supporting our end-user shoppers.”
This complementary partnership supports BizEquity’s mission to democratize company valuation. As 98% of businesses will not know their worthy of, the unique platform not only generates business valuation reporting, but also gives academic resources for advisors and sector data that illustrates how their clients’ firms examine with sector counterparts. In addition to Nav’s intelligent funding platform, BizEquity advisors and their business-owner clientele can leverage means including a streamlined PPP Software Portal, which guides buyers by means of the software in 15 minutes or a lot less. Company owners can also use a PPP Loan Calculator that estimates how a great deal financing and forgiveness SMBs qualify for, at no price tag.
About Nav
Nav uses authentic company information to speedily match compact corporations with the greatest financial loans and credit score playing cards. The major Business enterprise Monetary Administration application, Nav’s smart business enterprise financing option powers insights and possibilities for day-to-day economical conclusions that fuel their achievements. Nav’s resolution is also leveraged by other company services providers to boost their client expertise. Much more about Nav is obtainable at Nav.com.
About BizEquity
BizEquity is the world’s main provider of enterprise valuation expertise and major info. BizEquity has pre-valued over 33 million private companies and distributes its patented cloud-based mostly services through countless numbers of money companies suppliers to assistance improved tell compact businesses of their lending insurance and wealth management wants and probable. BizEquity is headquartered in Philadelphia, PA and is section of the Progress Media/ACBJ loved ones of firms. www.bizequity.com
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