Entrepreneurs searching for a reliable financial management solution that encompasses business credit score building, funding access, business performance monitoring, and efficient financial management without the burden of costly professional services or time-consuming efforts should consider Nav Prime. Nav Prime offers a host of tailored features specifically designed for entrepreneurs striving to expand their venture and may help to access better funding options.
In what ways does Nav Prime help to secure funding?
Nav Prime offers access to tools designed to build business credit, thereby enhancing the credit profile of small businesses and expanding their access to various funding opportunities. Collaborating with over 70+ lenders, Nav has gathered insights into the credit scores most frequently utilized for capital decisions, which are included in the Nav Prime package. As small business owners utilize Nav Prime to strengthen their eligibility for financing, they can observe enhancements in how lenders perceive their financial data. Additionally, they can leverage Nav’s financial health platform to explore over 160 lending and credit card options, further broadening their financing possibilities.
These Tools Are;
1. Nav Prime card:
Nav Prime card benefits include
- Monthly reporting of your card activity as a tradeline
- Physical and virtual cards that turn everyday transactions into business credit building opportunities
- A line of credit with daily repayment for low risk of carrying balance
- Built in auto pay to simplify payment process and to avoid missed payment
- Transparency into your credit utilization
It is important to know that Nav Prime card is not a credit card but a charge card that offers a convenient daily repayment system for business expenses, providing credit with each use. Applying for the Nav Prime Card doesn’t involve a credit check, ensuring no impact on your credit scores. Additionally, there’s no need for a security deposit. Instead, you’ll link your bank account for daily repayments. Automation options are available to simplify the repayment process. Nav Prime card turns your everyday transactions into opportunities that can build your business credit with everyday use.
2. Comprehensive/Detailed Credit Reports:
This feature gives;
- Comprehensive business and personal credit reports and scores conveniently consolidated into a single platform
- Access to UCC fillings, tax liens, judgments and public records for problem solving and to ensure accuracy
- Real-time alerts and insights into account balances, payment status, credit utilization and more
Understanding the importance of keeping tabs on your personal and business credit scores fuel your business’s growth. Nav Prime provides a centralized hub for accessing vital credit report Information. It also offers a cost-effective solution while streamlining the management process. Moreover, subscribers receive notifications regarding any changes, empowering them to take swift action as needed.
3. Nav Business Checking
This feature helps to manage your money with simplicity and organize your finances to make informed business decisions. Nav Business Checking benefits are:
- There’s no requirement for a minimum balance or domestic transaction fee.
- Effortlessly classify and monitor expenses across various well-organized accounts.
- Send funds to contacts, plan future payments, and establish recurring payments.
- Helps you keep tabs and take action with real-time access to your financial data
- Multiple ways to pay for what your business needs
Separating your personal and business finances is crucial for tax and liability reasons. By keeping your finances distinct, financial reporting becomes simpler, as expenses are not intertwined. Moreover, if you’re a registered business entity (excluding sole proprietorships), maintaining separate finances is a legal obligation to avoid piercing the corporate veil.
Additionally, having a business checking account is typically a prerequisite for qualifying for small business loans. Utilizing your Nav Business Checking account brings you closer to accessing the necessary funding for your business endeavors.
Utilizing the features above, facilitates the expansion of your business.
4. Nav Credit Health
Nav Prime enables you to establish your business credit history while also allowing you to monitor the effects of your credit-building efforts. With Nav Credit Health, a newly unlocked feature exclusive to Nav Prime members, you gain access to comprehensive data that lenders use. This includes commonly used business and personal credit reports, providing insight into how lenders perceive your creditworthiness and offering opportunities for improvement. Access all pertinent information regarding your credit health conveniently with just one click.
5. Two Tradelines
By paying for Nav Prime, you instantly acquire one tradeline, potentially elevating business credit scores by up to 50% claim within the initial three months* with terms and condition apply. Upon opening a Nav Prime Card, you secure a second tradeline. Your Nav Prime tradeline data is submitted to all major business credit bureaus monthly, facilitating the enhancement of your business credit history and overall financial well-being.
Nav Prime Pricing
Considering all these advantages, Nav Prime is accessible for just $49.99 per month. From my perspective, this stands out as an exceptionally affordable offer. Just a click stands between you and all these benefits. So why wait any longer? Click here to begin enjoying them now and take your business finances to the next level.
*Experian disclosure: Based on aggregate data tracking Experian® Intelliscore Plus business credit scores after three months of having Nav tradeline reporting. Results will vary. Scores are calculated from many variables; some users may not see improved scores.
Disclaimer: Nav Technologies, Inc. is a financial technology company and not a bank. Banking services provided by Thread Bank, Member FDIC. The Nav Visa® Business Debit Card and the Nav Prime Charge Card are issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa cards are accepted. See Cardholder Terms for additional details.
