Enova International announced today that Jim Granat has joined Enova as the head of U.S. small business financing, reporting to CEO David Fisher. Granat is charged with bringing easy-to-access working capital to more small businesses in the U.S. and growing the Headway Capital and The Business Backer branded products. Granat comes to Enova from Lendio, a leading small business financing marketplace, where he served as President.
“Enova uses its exceptional analytics and technology to bring innovative products to the market that meet the demands of today’s internet connected world,” said Granat. “It’s this demonstrated record of success that attracted me to Enova, and I’m excited to bring over a decade of expertise in the online lending space, including five years in SMB, to the company. It was clear to me that Enova has built the highest quality products in the market, and I am confident that we are on the path to becoming the place for America’s small business owners to find financing that works for them.”
Enova Small Business offers small businesses a choice of complementary funding solutions. Headway Capital provides a true line of credit up to $100,000, everyday revolving access, transparent terms and no prepayment penalty. The Business Backer extends relationship-based funding solutions to small businesses in need of cash flow management and offers receivable financing, installment loans and traditional loan products from its partners, all offered with the assistance of funding advisors and a network of affiliates. The company works with each customer to help them understand their options and to identify the products that are the best fit for both their shorter-term capital needs and longer-term aspirations.
Recognizing that one of the barriers businesses face is finding the right partner, Granat and his team have developed an application and funding process that extends Enova’s technology advantage to thousands of partners that have trusted relationships with small business owners.
“Our goal is to help small businesses get access to the fast, trustworthy credit they need to thrive,” said Granat. “I’m excited to work with Enova SMB brands to develop products that meet the unique needs of our customers and ensure we continue to offer superior customer service and build strong partnerships, as those efforts will enable us to deliver on this mission.”
About Headway Capital
Headway Capital offers a True Line of Credit up to $100,000 to U.S. small businesses looking for flexible, fast funding. Backed by Enova International (NYSE: ENVA), Headway Capital serves small businesses of all sizes and across industries with everyday revolving access, transparent terms and no prepayment penalty. Small businesses can select bi-weekly or monthly payments and can determine the repayment timeline that works best for them, from 12 months to two years.
About The Business Backer
The Business Backer extends relationship-based funding solutions to small businesses in need of cash flow management. With The Business Backer, small businesses have access to a broad range of products, so their chances of finding funding are maximized. The Business Backer provides customers with a relationship-based funding experience that allows for guidance and the delivery of possible options — without any added sales pressure. Small business owners gain a solid understanding of what’s available to them based on their situation and can quickly determine the best next step in their journey to getting funded.