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Nav Reviews


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Written by Andrew Omalley

About Nav | Read More


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  • Headquarters: 13693 South 200 West, Suite 200 Draper, UT 84020
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Nav Business Loans Review

Nav’s marketplace has a very comprehensive range of business loans you typically can access. This gives business owners the ultimate level of flexibility when they are trying to access funding for their businesses. The unique algorithm generates curated options that can help owners make more informed decisions.

It can help to match you with the type of loan that fits your needs the best in a quick and easy manner, having more than 70 lending options available to choose between. The company claims to save people an average of 12+ hours during the process of searching for financing.

There’s also the great benefit of seeing what you can qualify for before submitting an official application. This means that no hard credit check is necessary, something which is quite rare.

Nav Business Loans Highlight


Min Credit Score

Min 7%

APR. Fixed Rate


Loan Amount

3 months – 20 years

Repayment terms


Soft Credit Pull


Lender Type


Other Fees


Origination Fee


Prepayment Fee

2 Days

Funding Time


Time in Business

Pros & Cons

  • con-icon Wide range of finding options
  • con-icon Connects you with a large base of lenders
  • con-icon Caters to most financing needs
  • con-icon Good track record in the space
  • con-icon Might receive marketing calls from Nav if you don’t opt out

Business Loan Types

  • SBA Loans
  • Business Line of Credit
  • Invoice Financing
  • Merchant Cash Advances
  • Microloans

Nav Business Loans Terms & Requirements

If you are looking to get a business loan through Nav, the process is going to be entirely free. The only way in which Nav earns money off you will be when you agree to take out a loan from one of the available lenders. At that stage, Nav will get a cut of the profit that the lender is making off you.

The range of business loan options is among the best around and should suit every possible need a business owner might have when it comes to securing funding. The rates and fee structures will vary depending on your specific lender. The same goes for the likes of term lengths and the loan amounts that you can get.

Loan Types

The Nav finance marketplace offers a variety of business financing options, including:

  • Microloans
    Small loans for small businesses, typically ranging up to $50,000. Interest rates are competitive at around 6%-18% APR. 
  • SBA Loans
    SBA loans – Government-backed loans for small businesses, ranging from $50,000 to $5 million. Repayment terms are typically 6 to 25 years.
  • Business Credit Cards
    A variety of business credit cards to fit your needs. Interest rates typically start at 14.49% APR if you have a good credit score.
  • Bank Loans
    Traditional loans range from $250,000 to $1 million. Interest rates are typically between 4% and 13%, with repayment terms from 3 years to 25 years.
  • Business Line of Credit
    A revolving line of credit that can be used for various business expenses. To qualify, you must provide verified bank statements or financial statements to show your revenue. Additional terms are required to qualify.

How to Apply

In order to begin the process of finding an ideal loan for your needs at Nav, you can create an account with Nav if you wish. Otherwise, you can simply go straight to seeing the loan options available to you. You will need to enter simple information like the annual revenue of your business and credit score information

Qualification Requirements

  • Depends on the specific lender you go with
  • Usually requirements pertaining to time in business, credit score, and annual revenue

Required Information

  • Date of birth
  • Social Security number
  • Address
  • Business name and address

Application Steps & Time Frames

Nav will match you with a variety of lenders depending on the information you have provided. You can then filter through the various options and see which option fits best for you. There will usually only be options shown that fit into the framework of your business, such as the length of time you’ve been in operation and your annual revenue.

Once you like a given financing option, you can submit an official application to get the loan. This sees you providing typical information and supplying certain documents to verify the information you have provided. The length of time it takes to get approval and access to funds depends on the specific lender.

State Availability

- Available in all states

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.



How high are the approval rates at Nav?

Nav claims that its approval rates for small business loans are 3.5x greater than the industry averages.

How does Nav make money?

Nav will get paid when you sign up for a loan with one of the matched lenders. It will get a slice of the profit that the lender makes on the loan, which means that its service is otherwise free to users.

Can a small business get a loan through Nav if it has bad credit?

Yes, there are options available through Nav that cater to people and businesses that have poor credit.

Customer Support

Nav provides plenty of information about its unique data-driven approach to matching small business owners with ideal financing options. An abundance of resources is available to help you grasp exactly what Nav aims to deliver.

In terms of the customer support team, the main ways that you can contact them will be via email or live chat. Nav is not very transparent when it comes to the opening hours of these support options, but we received quality responses pretty promptly when we had some queries.

Privacy & Security

Nav has been in business since 2012 and has catered to the needs of a lot of small businesses since then. It previously held an A+ rating with the Better Business Bureau, but it no longer is accredited.

Nav has 4.5 out of 5 stars on Trustpilot, which is a decent return, showcasing the strength of the overall offering. It only works with trustworthy lenders and makes sure that all of your sensitive information is fully encrypted and protected right throughout the process of using Nav.

In Conclusion

Nav is an ideal fit for small businesses that might be struggling to get access to a selection of viable funding options. The data-driven approach that Nav uses is unique and allows you to get quick and easy access to a myriad of financing options without having to submit a formal application.

The marketplace can match business owners to 70+ lending options, with the actual results depending on the individual applicant.

Brand Disclaimer

You understand and agree that, by establishing an account with Nav, or submitting or enrolling for any Service, you have provided “written instructions” in accordance with the Fair Credit Reporting Act, as amended (“FCRA”), for Nav to obtain your credit report and/or credit score(s) on a recurring basis to provide them to you while you have an account with Nav, and such information may be obtained from Experian Information Solutions, Inc., TransUnion, LLC, and/or Dun & Bradstreet, Inc. (“Credit Bureaus”) or any other credit reporting company. You understand and agree that, pursuant to such authorization, Nav may access your credit profile, including without limitation, your credit report, credit score(s) and other related information, to, among other things, verify your identity and to provide credit monitoring, credit scoring, credit score monitoring and tracking, or alerts for, among other things, dormant accounts, new accounts, inquiries, other changes to information contained in your credit report. You understand and agree that, by establishing an account with Nav, you have provided express consent to receive credit monitoring, credit scoring, credit score monitoring and tracking and/or alerts via SMS text at the number provided during account creation. You understand and agree that Nav may, from time to time, provide additional products, services, features, and/or functionality to you, and that they shall be offered pursuant to the same authorization that you provided to Nav for Nav to obtain your credit report and/or credit score(s) on a recurring basis to provide them to you to review while you have an account with Nav.