How they describe themselves: Finova Financial is a socially responsible lender that provides fast affordable loans based on the equity in your car, to the 70 million financially underserved Americans that spend $138 billion in fees and interest annually.
How they describe their product/innovation: Finova’s Car Equity Line of Credit (C-LOC) costs 70% less than the current national average, provides instant access to capital, and a 12-month pathway back to financial health, online, mobile, anywhere, 24/7.
Finova clients benefit from the ability to complete the loan process online, instant approval decisions and same day cash funding. The Finova client portal provides personalized access to our financial dashboard allowing real time management of your financial health. Payments can be made from the convenience of any computer or mobile device and at 32,000 US retail locations. Successful payment history provides declining rates, the opportunity to establish and build credit, along with access to additional funds on demand.
Finova provides an immediate solution to our clients’ credit needs, the ability to monitor their progress in real time, which when coupled with Finova’s ongoing financial education provides a pathway to improved economic health.
Product distribution strategy: Direct to Business (B2B), through financial institutions
Bus. Dev.: Derek Acree, COO & CLO, email@example.com
Press: Alfredo Rosing, CMO, firstname.lastname@example.org
Sales: Juan Ramirez, CFO, email@example.com