Nav Partners with Bizequity to Help Small Businesses Navigate the Paycheck Protection Program

Nav, the basic and intelligent financing platform for small businesses, has joined forces with BizEquity, the main business valuation platform, to assist small businesses with navigating the Paycheck Protection Program (PPP) and secure the capital they need.

The previous year brought remarkable affliction for small businesses; in 2020, in excess of 100,000 SMBs shut because of the effect of COVID-19. PPP gives genuinely necessary help, however it's hard for some small businesses to navigate, apply, and access the capital. The previous 10 months — and the new round of PPP financing revealing this week — has made it just more evident that the customary financial framework isn't set up to serve the requirements of small firms. A new overview of SMBs by Nav found that the smaller the business was, the more outlandish they were to realize what to look like past customary channels to get to capital. This information hole needs to close, and businesses need a less difficult, more clear way to indispensable financing.

"Nav has helped thousands of business owners secure funding through PPP and we've seen firsthand the potential for PPP to bring relief to a small business ecosystem struggling to stay afloat in this global pandemic," said Greg Ott, CEO at Nav. "That said, the application process demands time and resources many small business owners simply don't have to spare. We're committed to streamlining that process, improving access to capital, and reducing the fail rate of small businesses. Our mission is aligned with BizEquity's, and we're honored to partner with them to help more business owners keep their doors open."

"We are proud to partner with our friends at Nav to help democratize access to capital. Through this partnership, we enable our advisors to help their business-owner clients better understand their capital options and in doing so, open up access to needed PPP dollars," said Michael M. Carter, CEO at BizEquity. "We're dedicated to helping business owners gain the knowledge they need to better protect, grow, and plan for the future. Our partnership with Nav is yet another important step to helping our end-user clients."

This corresponding association underpins BizEquity's central goal to democratize business valuation. As 98% of businesses don't have the foggiest idea about their value, the remarkable platform creates business valuation revealing, yet in addition gives instructive apparatuses to counselors and market information that shows how their customers' businesses contrast and industry partners. Notwithstanding Nav's intelligent financing platform, BizEquity counselors and their entrepreneur customers can use assets including a smoothed out PPP Application Portal, which guides clients through the application in a short time or less. Entrepreneurs can likewise utilize a PPP Loan Calculator that gauges how much financing and pardoning SMBs meet all requirements for, at no expense.

About Nav

Nav uses real business data to quickly match small businesses with the best loans and credit cards. The leading Business Financial Management app, Nav's intelligent business financing solution powers insights and opportunities for daily financial decisions that fuel their success. Nav's solution is also leveraged by other business service providers to enhance their customer experience.

About BizEquity

BizEquity is the world's leading provider of business valuation knowledge and big data.  BizEquity has pre-valued over 33 million private businesses and distributes its patented cloud-based service through thousands of financial services providers to help better inform small businesses of their lending; insurance; and wealth management needs and potential.  BizEquity is headquartered in Philadelphia, PA and is part of the Advance Media/ACBJ family of companies.