Establishing and maintaining good business credit is crucial for any company, regardless of size or industry. A strong business credit profile allows you to more easily obtain financing, take out business loans and credit cards, rent equipment and property, get better terms from vendors, and much more. However, building up your business credit can be a challenge, especially if you're just starting out or have limited credit history. That's where NAV Business Credit Booster can help.
What is NAV Business Credit Booster?
NAV Business Credit Booster is a service designed specifically to help businesses establish, build, and monitor their business credit profiles with major reporting agencies like Dun & Bradstreet, Experian Business, and Equifax Small Business. The program provides tools and guidance to maximize your business credit scores and ratings.
Key Features and Benefits
- Credit Profile Creation: NAV helps you set up complete, accurate business credit profiles that get your company "credit ready." This includes obtaining your DUNS number, business identification numbers, and profiles with all the major business credit bureaus.
- Business Tradelines: NAV furnishes positive tradelines (payment experiences) on your business credit profile to demonstrate responsible use of vendor credit. This can significantly boost business credit scores.
- Ongoing Monitoring: Your business credit profiles are monitored daily for any changes that may impact your scores. Alerts are provided for any negative changes or fraudulent activity.
- Credit Utilization Management: NAV helps optimize credit utilization rates across your business tradelines for maximum score boosting. This is key, as high credit utilization can negatively impact scores.
- Discounted Financing: NAV members get access to discounted rates on business loans, credit cards, and other financing options to save significantly on interest costs.
By leveraging NAV's proven business credit building and monitoring services, you can establish strong business credit scores and ratings that provide more financing options for your company's needs, better loan terms, higher credit limits, and much more.