Nationwide Taps BlueVine Platform to Assist Its Small Business Members
MAR 8, 2019 - 7:00 am
Nationwide expanded its relationship with online small business lending company BlueVine by offering BlueVine’s fast and flexible financing to small businesses through Nationwide’s Business Solutions Center.
This comes on the heels of a venture capital investment Nationwide made in BlueVine last year.
“Nationwide serves over 1 million small businesses and is No. 1 in customer satisfaction with small commercial insurance. So, we’re committed to small business owners and proud of the connections we make with companies like BlueVine to help them move their businesses forward,” said Tony Fenton, vice president of Nationwide’s Underwriting, Product & New Product Development. “Helping those business owners protect what’s most important to them and plan for a secure financial future is at the core of what we do.”
BlueVine’s online platform provides business owners with fast and easy access to working capital financing without the hassle of visiting a branch or submitting mountains of paperwork. Completing an application takes minutes, and approvals can be delivered in as little as 10 minutes. The company provides lines of credit up to $250,000 and invoice factoring up to $5 million in funding availability.
“We’re thrilled to be working with Nationwide to expand access to financing for small business owners” said Eyal Lifshitz, founder and CEO of BlueVine. “Our platform was designed specifically for business owners who are looking to take their business growth to the next level but need flexible working capital support to get there. By making working capital financing fast, easy and flexible for business owners, we’re delivering on our mission – to expand access to capital for small business owners. This mission-driven focus is a strong compliment to Nationwide’s stewardship in the small business community.”
Online lending powered by BlueVine is just one of several products and resources Nationwide provides a variety of businesses through its Business Solutions Center.
Monitor’s Top 25 Vendor Players broke the $40 billion mark in new originations this year, but while most saw positive growth, the overall percentage increase slipped slightly from 6.4% in 2017 to 6.1% in 2018. The top eight companies from... read more
University of Pennsylvania organizational psychology professor Adam Grant once said, “The hallmark of originality is rejecting the default and exploring whether a better option exists.” Consider the story of eyeglass company Warby Parker. As college students buried in debt and... read more