Survey Reveals 72% of Small Business Owners Don’t Know Their Business Credit Score

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Manta and Nav Join Forces to Bridge Knowledge Gap and Give Users Free Access to Their Business Credit Scores

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“With Nav, we’re able to offer small business owners a resource with which they can investigate their business credit scores and the information they need to make smart financial choices,” said Sara Oberst, Vice President of Marketing for Manta.

Manta, the largest online community for small business owners, today announced a new whitepaper in partnership with Nav, the only free source where small businesses can access both their personal and business credit scores. Their new whitepaper, “Why Small Businesses Need Strong Business Credit And How They Can Get There,” provides insights into the importance of business credit for small business owners and the ways in which they can leverage good credit scores to run and expand their businesses.

“Manta surveyed more than 2,900 small business owners and found that there is a major knowledge gap surrounding small business owners’ understanding of business credit, as 72 percent of respondents said they don’t know their business credit score and almost 60 percent don’t even know where to find it,” said Gerri Detweiler, Head of Market Education for Nav. “Our mission is to reduce the death rate of small businesses and fuel small business growth. We want to help small business owners take control of their personal and business credit scores, as strong credit scores are key to getting approved for the best financing and growing their businesses.”

“Why Small Businesses Need Strong Business Credit” provides insight into:

  • Why businesses should care about their business credit scores
  • The distinctions between personal and business credit
  • Four steps for establishing good credit scores

In addition to the whitepaper, Manta has created an online portal, powered by Nav, which allows small business owners to securely find out their credit scores and summary reports — for free. Users will also get actionable and neutral advice tailored to their personal credit situation, giving business owners tools to improve their credit scores, monitor their progress and ultimately, make better business decisions. More than 130,000 small business owners are already using Nav to get their free business credit scores and access financing, and Nav has partnered with more than 40 of the top business lenders and credit cards.

The Manta Credit & Lending Center also provides small business owners with a list of their most-qualified funding options from more than 40 top business lenders and credit cards.

“It’s so important to us that our partnerships are a reflection of the needs of Manta’s community members,” said Sara Oberst, Vice President of Marketing for Manta. “With Nav, we’re able to offer small business owners a resource with which they can investigate their business credit scores and the information they need to make smart financial choices.”

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About Manta
Manta empowers small business owners to succeed on their own terms by helping them stand out, connect with customers and grow their companies. Our solutions include a small business directory with millions of unique monthly visitors, valuable content and a suite of products to manage critical business needs. We strive to inform and inspire through learning opportunities, proprietary research, and a robust online community for dialogue and collaboration. Thousands of business owners join Manta each month. Visit manta.com to learn why.

About Nav
Nav is the only site and app giving free access to personal and business credit reports, self-serve tools to help build business credit and a financing marketplace with MatchFactor technology that estimates approval odds based on credit profiles. This all helps business owners get more funding, lower their costs and save time so they can run and grow their business the way they want. Nav has offices in Silicon Valley and Salt Lake City, and its investors include Kleiner Perkins Caufield & Byers and Kickstart Seed Fund. For more information visit nav.com, and follow us on Twitter and Facebook.

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Kaitlin Mansour
Walker Sands Communications
+1 (312) 648-6004
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