The Nav Prime Card is a credit product aimed at assisting small business owners who often struggle with low personal credit scores, hindering their ability to secure loans for operations. Launched in 2023, this card allows for simultaneous credit-building for both personal and business profiles, which is particularly beneficial to 'Main Street' businesses. The optional credit-building features are set to launch in summer 2023, offering a unique solution to entrepreneurs, as highlighted by Nav's CEO Levi King, who drew from personal experience in creating this product.
The Nav Prime Card enables small business owners to simultaneously build their personal and business credit, addressing the challenges faced by those with low personal credit scores.
Launched in 2023, the Nav Prime Card offers features specifically designed for 'Main Street' small businesses, helping them by improving access to necessary financing.
Levi King, Nav's CEO, emphasizes that the card's features are aimed at aiding small business owners who struggle with credit due to being new and having limited history.
This innovative credit card product was inspired by real-life experiences, illustrating the barriers small business owners face when trying to secure funding for equipment or lease spaces.
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