Nav Technologies, a financing platform for small businesses, announced a partnership with Marcus by Goldman Sachs to offer small business owners financially smart lines of credit with fixed rates, no origination or maintenance fees and a fully digital experience. Through the launch, Nav, which leverages a machine learning platform to present business owners with curated financing options, is expanding its commitment to providing tools to make financing simple for entrepreneurs and business owners.
Marcus by Goldman Sachs is working with Nav to address a growing need to offer small business owners more transparency in their financing options. Nav’s ability to connect real business data to lender criteria allows small business owners to make more informed and confident decisions.
“This collaboration with Marcus by Goldman Sachs highlights our ability to use advanced AI to pair business owners with some of the best available lending options,” Greg Ott, CEO of Nav, said. “We are committed to serving the small business community by increasing their available options and improving transparency around decisions that impact their success. Adding lines of credit through Marcus to our platform allows us to better serve businesses by increasing their access to capital.”
Marcus by Goldman Sachs is Goldman Sachs’ digital banking platform that offers business financing through various partnerships. In addition, Marcus offers simple and transparent products to address the spending, borrowing, saving and investing needs for tens of millions of customers to help them achieve their financial goals. The launch with Nav will allow qualified small businesses on Nav’s platform to apply for Marcus by Goldman Sachs lines of credit, offering access to flexible working capital funding at fixed and competitive rates through a completely digital experience.
“Marcus serves a large pool of small businesses through a series of existing partnerships. Our partnership with Nav will help us continue to bring innovative products to additional small businesses,” Abhinav Anand, head of Lending at Marcus by Goldman Sachs, said. “We’re excited to collaborate with another like-minded brand as we continue to expand our small business lending platform and provide more access to working capital.”
