12 January 2024

The Nav MatchFactor: Making Financing Approval Faster and Easier Than Ever Before

By Ronald Smith

I wanted to share some exciting news with you. Nav has come up with an amazing tool called the Nav MatchFactor that will completely transform the way financing approval works. Trust me, you won’t want to miss out on this game-changer!

Before I dive deeper, let me explain what the Nav MatchFactor is all about. It’s a tool that helps business owners like you secure financing faster and with greater ease. Imagine having a magic wand that instantly boosts your chances of getting approved for financing. Well, the Nav MatchFactor is just that – a powerful ally that increases your approval rate by a whopping factor of four!

Now, you might be wondering, How does this wonderful tool work? Let me break it down for you. The Nav MatchFactor takes your business information and matches it against a vast network of lenders. It analyzes a wide range of criteria, including revenue, personal and business credit scores, industry, and even loan size preferences. By crunching all this data, the Nav MatchFactor quickly identifies the best financing options available specifically for your business.

Gone are the days of tirelessly searching for lenders and wasting time on applications that go nowhere. With the Nav MatchFactor, you get a personalized and streamlined process. It presents you with a list of offers from lenders who are most likely to approve your financing request. This means you can say goodbye to endless rejections and hello to quicker access to the funds you need to grow your business.

But wait, there’s more! The Nav MatchFactor doesn’t just stop at finding financing options for you. It also provides valuable insights and recommendations to improve your financial profile. It helps you understand why certain lenders might be a better fit for your specific needs and offers guidance on how to strengthen your financial position for future funding opportunities.

So, what are you waiting for? Don’t miss out on this game-changing tool that’s revolutionizing the world of financing approval. Let the Nav MatchFactor take the guesswork out of finding the right lender for your business. With its help, you’ll be able to secure financing faster and easier than ever before. Trust me, you won’t regret giving it a try.

I’m here to help you, so if you have any questions or need assistance, don’t hesitate to reach out. Together, we can take your business to new heights with the Nav MatchFactor.

The Nav MatchFactor: Making Financing Approval Faster and Easier Than Ever Before

I’ve got some great news to share with you. Nav, yep, that business credit management marketplace, just unveiled a shiny new feature called MatchFactor. Now, this feature is something special – it could save you a ton of time when you’re on the hunt for funding for your small business. Oh, and get this – the folks over at Nav claim that using MatchFactor makes getting approved four times more likely. How cool is that?

So, here’s the deal: MatchFactor is part of Nav’s financing dashboard. It’s like having your own personal fortune teller but for loan approvals. It uses a secret formula, called an algorithm (pretty fancy, huh?), along with machine learning to give you an idea of how likely you are to get approved for financing. It looks at things like your credit score and the lender’s requirements. Based on all that information, it gives you a rating that tells you just how likely you are to get the green light.

And guess what? According to Nav’s survey, a whopping 67 percent of their customers who used MatchFactor found their rating super helpful. They used it to apply for loans or credit cards, figure out the best options available to them, or even understand why they didn’t qualify for certain things. Talk about making things easier!

Discover How MatchFactor Boosts Approval for Business Financing

Let me explain how MatchFactor works its magic to give your business financing a boost. You see, MatchFactor uses this amazing thing called machine learning. It’s like a super-smart computer brain that learns and gets better with every application that gets approved or denied by lenders.

And here’s the cool part: MatchFactor doesn’t need to check your personal or business credit. That means your credit scores won’t be affected in any negative way. MatchFactor already has access to most of the information that lenders look at when deciding if a business is creditworthy.

The Nav MatchFactor: Making Financing Approval Faster and Easier Than Ever Before

I’m here to tell you about a cool algorithm that helps business owners find the perfect credit card or financing offer. It’s called Nav, and it’s amazing!

Nav uses your credit and financial information to give each financing option a special rating. This rating is called the likelihood of approval. It compares your information to the requirements set by the lenders.

When you use Nav, you’ll see a score called the MatchFactor next to each financing product. This score ranges from 0 to 100 percent. The higher the score, the more likely you are to get approved for that funding option. So you’ll see the best matches first!

I want to make it easier for small businesses like yours to find the funding they need, said Gerri Detweiler, the head of market education at Nav, during our phone interview discussing our latest announcement. With MatchFactor, we can help you feel more confident when applying for loans or credit cards by giving you an idea of your chances of qualifying.

Alarming Facts about Business Financing

Everyone talks about the American Dream, but when it comes to financing your own business, the dream and reality don’t match, said Levi King, the CEO and co-founder of Nav, in our announcement.

The following statistics about business financing, which were taken from our announcement, support King’s conclusion and reveal a discouraging trend:

    Do you know that it takes an average of 26 hours to search and apply for business financing? Yep, that’s right! It’s a lot of time and effort. And guess what? 72 percent of small businesses actually get turned down for traditional loans. Can you imagine that? It’s tough out there for small businesses.

    But wait, there’s more. A whopping 22 percent of business owners have given up on applying for loans because they’re just too discouraged. Can you blame them? It’s disheartening to put in all that effort and not get the funds you need.

    But hey, here’s where Nav comes in. Our mission is pretty simple – we want to reduce the small business ‘death rate’ in America. We want to help businesses like yours succeed by providing you with access to financing without all the hassles. No more wasting 26 hours researching financing. We’ll make it quick and easy for you.

    You see, we understand that as a business owner, time is precious. You barely have enough time to eat lunch, let alone spend hours figuring out how to get funding. That’s why we’re here to help. We’ll help you quickly find the best funding options for your business, so you can focus on what you do best – running your business.

    So, let’s get started, shall we? Together, we can make sure your business thrives and survives. Because we believe in you and your potential. Let’s make your business dreams a reality.

    I’ve got some exciting news to share with you. MatchFactor, our awesome credit tool, has been going through beta testing for a while, and I’m thrilled to announce that it’s now available to all registered users, starting today!

    Now, let me tell you about Nav. It’s a fantastic platform that offers free access to personal and business credit reports. But that’s not all! Nav also provides tools to help you build your credit and even has a marketplace where you can find pre-qualified financing. Isn’t that amazing?

    Believe it or not, more than 130,000 entrepreneurs and business owners like you are already using Nav to manage their credit and get valuable financial advice. It’s a game-changer, and you definitely don’t want to miss out.