Nationwide announced on Thursday it has teamed up with online small business lender BlueVine to offer the fintech’s financing to small businesses through Nationwide’s Business Solution Center. According to Nationwide, small businesses may have access to the online lending platform by applying through the BlueVine website. Tony Fenton, vice president of Nationwide’s Underwriting, Product, and New Product Development, stated:
“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. 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.”
Also speaking about the partnership, Eyal Lifshitz, founder and CEO of BlueVine, commented:
“We’re thrilled to be working with Nationwide to expand access to financing for small business owners. 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.”
Nationwide went on to add that online lending powered by BlueVine is just one of several products and resources it provides a variety of businesses through its the solutions center.