Nav CEO Helping SMBs Avoid Online Lending Pitfalls

In the wake of the financial crisis, banks’ pullback from small- to medium-sized business (SMB) lending yielded a flood of technology-driven players stepping in to fill the SMB credit gap. Entrepreneurs today have more choices than ever before as to how and where they access financing, but in many ways, that journey to capital hasn’t gotten any easier. According to Nav’s newly-appointed CEO Greg Ott, the current market sees an estimated $4 trillion in SMB debt origination each year. Much of that financing, however, is facilitated through inefficient processes that can heighten costs, limit transparency for borrowers, and increase risk for lenders.