Case Study: Nav helps Natural Bliss Body Studio access more capital with Finicity-powered open banking

How this spa entrepreneur is harnessing the power of her own data to grow

The spa entrepreneur, Shondra Bailey, faced a challenge accessing sufficient capital to expand her business, Natural Bliss Body Studio, after the pandemic. The traditional loan application process was slow, confusing, and resulted in offers that were too small for her needs. She turned to the small business financial health platform, Nav, which uses Mastercard open banking data provided by its vendor, Finicity, to help streamline access to capital.

By implementing Finicity's open banking solution, Nav allowed Bailey to digitally share her financial data, eliminating manual document uploads. This gave lenders a clearer picture of her business's health and resulted in a loan offer almost double what she had previously received. The solution enabled Bailey to relocate her spa, hire new staff, and has put her in a position to pursue franchising opportunities.

Nav

Nick Guerrieri

Vice President of Marketing