Navitas Credit reached a major milestone in its corporate history by exceeding total new business volume of more than $1 billion dollars.
Navitas was founded in September of 2008 with eight employees and has grown to an organization with more than 125 employees and eight sales and service offices throughout the country. Navitas has also been recognized in the Inc. 5000 survey as one of the fastest growing private companies in the U.S. for the past consecutive four years.
Since the company’s inception, more than 23,000 customers across the U.S. have received financing to manage and grow their businesses. Navitas has also established long-term partnerships with thousands of equipment dealers and leading national manufacturers to support the financing and working capital needs of its customers.
Key elements that have contributed to the success of the company include expansion into the titled vehicle and healthcare market segments, development of proprietary technologies that enable equipment seller partners to seamlessly offer financing options and expedited transaction processing through a totally automated platform.
Gary Shivers, president and CEO of Navitas said, “Funding a billion dollars in originations is a historic achievement for our company. It takes a lot of hard work and commitment to reach the high level of growth rates Navitas has achieved over the last several years, none of which would not be possible without the dedication of our people. We look forward to continuing to deliver more product innovation, expanding into new markets and providing nothing less than superior service to our customers and partners.”
As I write this, it’s been exactly one year since Donald Trump won the 2016 presidential election in a shocking upset … and what a year it’s been. A lot has happened, a lot hasn’t and a lot may still... read more
The work truck industry managed to continue growing in 2016, as measured by sales of truck chassis and truck equipment. However, the rate of growth was 0.5%. In Q1/17, chassis sales fell from the same-quarter, previous-year, at a rate of... read more