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romey050500
Posts: 67
Registered: ‎05-26-2013

NFCU Business Checking

Does anyone know if I can apply for NavCheck on a business checking account?

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Creditaddict
Posts: 18,814
Registered: ‎10-23-2007

Re: NFCU Business Checking


romey050500 wrote:

Does anyone know if I can apply for NavCheck on a business checking account?


It's a Line of Credit... and it requires a bit of verification... and all business products have to be done through your business banker... not online.

 

you can get a Navy Business Credit Card up to $10k with just proof of business/ownership/and your credit (possibly your income verification)

above $10k and for line of credit and other things require 2 years personal taxes, business profit/loss, income verification, etc. etc.... it's pretty serious... although if your taxes are showing the income that your paystubs show it's actually not that big of a deal.... not sure how it is if this is your primary income and it's a small business... might be different.

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civilitermortuse
Posts: 46
Registered: ‎04-16-2012

Re: NFCU Business Checking


Creditaddict wrote:

romey050500 wrote:

Does anyone know if I can apply for NavCheck on a business checking account?


It's a Line of Credit... and it requires a bit of verification... and all business products have to be done through your business banker... not online.

 

you can get a Navy Business Credit Card up to $10k with just proof of business/ownership/and your credit (possibly your income verification)

above $10k and for line of credit and other things require 2 years personal taxes, business profit/loss, income verification, etc. etc.... it's pretty serious... although if your taxes are showing the income that your paystubs show it's actually not that big of a deal.... not sure how it is if this is your primary income and it's a small business... might be different.


+1  I agree their business side is Wack,  there are only 2 people in my state I can talk to and they are never around to speak with.  I am going to go for the 10k card in August but I doubt if I will do anything higher with them until later next year on the businss side.


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