SAN MATEO, Calif., Feb. 1, 2018 /PRNewswire/ -- Nav.com, a free way for small business owners to access their personal and business credit scores, today announced the launch of its Legitify Your Small Business Grant. They know "legitify" isn't a real word, but the cash is! The contest offers $10,000 in cash to one U.S. small business owner to help grow and "legitify" their business dream.
"Running a small business takes an insane amount of guts, passion and money. In many ways, it's a thankless job, but these are people who support families, employees and prop up the U.S. economy," said Levi King, Co-founder and CEO of Nav. "It's why Nav is committed to making it easier for these people grow their dream. This grant will give one small business owner the boost they need to legitify and elevate their business to the next level."
Small business owners are a no strangers to challenges, with sixty-one percent saying that they faced a financial challenge within the past year — citing "getting a business loan when they need it" as their top struggle. Nav's research shows that understanding how credit works and establishing a business credit profile can help business owners get affordable financing, like SBA loans.
Participants are required to sign up for a free Nav account, write a Facebook post about a business challenge, tag Nav, and email the contents of the post to Nav. While not required, participants also have the option to include a photo of themselves at their business.
3 tips to win from Nav's website:
Don't sound corporate; let personality shine
Be candid about challenges
Be specific about plans for the funds
The contest period is open from February 1 to May 1, 2018 and the winners will be announced June 1, 2018.
About Nav.com Nav helps business owners get more funding, lower their costs and save time so they can create the business of their dreams. It gives free access to credit reports and scores specifically for small business owners, cash-flow analysis, tools to help build business credit, and identity theft protection. Nav's marketplace offers more than 100 financing products and uses a lender-neutral algorithm to help business owners find the best financing options for their needs before they apply. The company has offices in Silicon Valley and Salt Lake City. For more information visit: nav.com.