Navitas Named to Inc. 5000 for Third Year on 306% Sales Growth
AUG 24, 2016 - 6:44 am
For the third straight year, Navitas Credit was named to Inc. magazine’s list of the nation’s fastest growing private companies, the annual Inc. 5000. Navitas recorded three-year sales growth of 306% to earn a spot on the annual rankings.
“Our on-going investments in people, technology infrastructure and product development continues to drive our growth and has positioned Navitas as a preferred financing resource in our industry,” said Gary Shivers, president and CEO of Navitas. “Our recent entry into the working capital loan product category, which enables us to offer our small business customers financing to meet almost any capital need, and our expansion into titled vehicle financing have also significantly contributed to our rapid growth rate. Over the last year we have launched a self-service customer support portal which is available online and on our mobile app. We have also made significant strides in offering our customers the ability to utilize electronic documents throughout the entire transaction life cycle, resulting in expedited service delivery times and a highly streamlined processing environment. The company’s strong performance continues to provide Navitas with a high level of support from the capital market sector, enabling us to obtain the funding required to achieve our on-going growth goals.”
The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. is the most competitive crop in the list’s history. The average company on the list achieved a three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period.
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