SALT LAKE CITY, January 11, 2021 / PRNewswire / – Navigation, the smart and simple financing platform for small businesses, today launched its PPP application portal to help small businesses apply quickly for the new Paycheck Protection Program (P3) Loan Round. The Nav PPP portal simplifies and streamlines the PPP loan submission process and guides business owners through the application in 15 minutes. This functionality is made possible by Nav’s partnership with several national and regional lenders, including the leading SBA loan origination software and services partner.
In 2020, Nav helped more than 6,000 small businesses get loans, but also saw too many shortfalls. A recent report de Nav showed that, in the first round, only 36% of the smallest American companies applied, compared to 61% of mid-sized companies. It is clear that for smaller companies the only resources needed to apply are too heavy a burden. The same report found that smaller companies found the application documents to be the “most frustrating” part of the PPP.
“At Nav, we are committed to helping more small businesses thrive, especially during the current economic uncertainty and the global pandemic,†said Greg ott, CEO of Nav. “This year it has become quite obvious that small businesses need a clearer and easier path to funding, including loans through the Paycheck Protection Program. Our portal streamlines the P3 application process so small business owners can get the funds they need to keep their doors open. without depleting already scarce resources in the process. “
In addition to the PPP application portal, Nav offers several resources, including a PPP loan calculator that helps business owners determine what financing and rebate they are eligible for before applying, at no cost. The company also updates regularly free educational resources to help people understand how to apply for this cycle of P3s and other forms of assistance, such as Economic Disaster Loan Grants (EIDL). To take advantage of Nav tools, create a free account and submit your PPP request today.
About navigation
Navigation uses real business data to quickly match small businesses with the best loans and credit cards. The leading business financial management application, Nav’s intelligent business finance solution provides insights and opportunities for the day-to-day financial decisions that fuel their success. Nav’s solution is also leveraged by other business service providers to improve their customer experience. Learn more about Nav is available at Nav.com.
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