Fintech partners: Nav and Marcus to offer 'smarter' lines of credit to small businesses

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In its mission "to reduce the death rate of small businesses," fintech services provider Nav Technologies is partnering with Marcus by Goldman Sachs to provide small business owners "financially smart" lines of credit with fixed rates, no origination or maintenance fees, and a wholly digital experience.

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Through this launch, Nav, which incorporates an AI and machine learning platform to present small business owners with curated financing options, said it's "expanding its commitment to providing the tools that will make financing simple for entrepreneurs and business owners," according to the company's announcement.

Small businesses throughout the US continue to experience unrelenting adversity as continuous supply chain backlogs, rising interest and double-digit-flirting inflation rates are forcing many small business owners to decide -- on a day-by-day basis -- if they will continue to stay in business. Access to funding -- not merely a fixed amount of cash, but the right financing to meet specific business needs -- isn't an option for countless many small businesses. But Nav and Marcus intend to reverse this trend by offering small business owners more transparency in their financing options. Nav's says that its ability to connect real business data to lender criteria will allow small business owners to make more informed and confident decisions.

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