Nav is an online platform that offers business credit building with tradeline reporting and monitoring services for small businesses from four major credit bureaus. With the help of its business credit builder, your business will be in a better position to qualify for funding options at favorable rates and terms.
Along with Nav’s credit builder, its credit monitoring services allow you to check an updated version of your personal and business credit reports every month and alerts you of any changes to your credit profile. This feature allows you to promptly identify and dispute inaccuracies, inconsistencies, and fraudulent activities that negatively impact your report.
Summary: If you’re having issues raising capital or getting better terms on a business loan, Nav can help improve your chances by increasing your business’s credit.
Services and Fees
Safe & Secure
|HQ||13693 South 200 West, Suite 200, Draper, UT, 84020|
|Credit Bureau(s)||– Business credit reports and scores from Dun & Bradstreet, Experian, and Equifax |
– Personal from TransUnion and Experian
|Credit Report Frequency||Monthly|
|Personal Credit Score||Available|
|Dispute Credit Errors||Available|
|Fees||– Free: $0|
– Business Manager: $29.99 per month
– Business Boost: $39.99 per month
– Business Loan Builder: $49.99 per month
|Free Trial||No free trial|
Nav gives business owners a fast, easy, and trusted path to financing. With years of experience helping businesses monitor and build stronger credit scores, Nav is uniquely positioned to help businesses build trust with lenders for credit approvals.
Nav offers free access to personal and business credit reports from major credit bureaus, including Experian, Dun & Bradstreet, Equifax, and TransUnion.
The free standard account has several features, including giving you access to a summary of your personal and business credit reports. A paid account will serve you better if you want to build up your credit profile, track your financial progress, set cash flow targets, and look for future financing opportunities.
Though there are no eligibility requirements to use the Nav service, you will need to provide the necessary information, including business name, business or personal address, and social security number, to create an account. Depending on the account you sign up for, you may need to provide additional information.
To get started:
Nav offers monthly and quarterly billing, and you can save up to 20% if you opt for the quarterly billing (applies to 1st quarter only). Paid plans include:
|Account||Free Standard Account||Business Manager||Business Boost||Business Loan Builder|
The accounts are ideal for the following:
Nav accounts features vary depending on the plan. Its key features include:
Available to all accounts:
Available to paid accounts only:
Available to Business boost and Business loan builder accounts only:
Available to Business loan builder accounts only:
Nav credit monitoring is as accurate as the information from the credit bureaus themselves.
It offers access to credit reports from the major bureaus, which is beneficial because your credit report can be different depending on which credit bureau you use.
Nav identifies places where a business can take action to improve their score, and depending on whether or not they take those actions, their scores can improve. In the case of trade lines, which are an important part of building business credit, Nav’s Credit Builder Tool does that automatically for small business.
A strong credit profile opens up avenues to better financing for your business and business relationships, making it easier for you to run and grow a business.
The easiest way to contact Nav is through their website support page. You can also call Nav’s Customer Support team at (855) 226-8388 to access services.
It is important to note that the Nav’s Customer Support team makes efforts to reach out to clients when a payment method fails. They do this to ensure consistent reporting of your Nav tradeline, and you are automatically eligible for this service if you are on a paid account.
Nav also keeps your data safe with bank-level security and 256-bit encryption.
If you’re looking to raise capital or refinance your business loan to a more favorable rate and term, maintain good credit relationships, grow your business, and get cash flow guidance, then Nav is for you.