Nationwide to offer small business financing

Nationwide is expanding its business services platform to offer small business financing. The company is introducing BlueVine, which provides working capital for small and mid-size businesses, into its Business Solutions Center products. BlueVine has an online lending platform that Nationwide said can help businesses land financing in as little as 10 minutes.Nationwide invested in BlueVine last year as part of a $12 million Series E funding round with M12, Microsoft's venture fund, as the other principal investor.Tony Fenton, vice president of Nationwide’s underwriting and new product development group, said in a statement that the Columbus-based Fortune 100 giant serves more than 1 million small businesses in its insurance and financial services platforms.